Flying Technology Co., Ltd. (SHA:603488)

Flying Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	445.71	464.63	498.47	498.23	484.42	406.26
Other Revenue	4.51	4.51	4.89	0.91	0.83	0.78
Revenue	450.22	469.14	503.37	499.15	485.25	407.03
Revenue Growth (YoY)	-7.57%	-6.80%	0.84%	2.86%	19.21%	9.50%
Cost of Revenue	351.42	355.67	385.79	377.34	363.4	277.59
Gross Profit	98.8	113.47	117.58	121.81	121.85	129.45
Selling, General & Admin	72.4	59.17	34.21	35.13	37.13	29.86
Research & Development	23.48	19.77	18.79	19.81	18.33	14.96
Other Operating Expenses	0.96	1.43	-1.14	-2.7	-3.83	-3.24
Operating Expenses	108.95	92.79	53.73	53.58	52.16	41.2
Operating Income	-10.15	20.68	63.85	68.23	69.69	88.25
Interest Expense	-5.02	-3.56	-0.02	-0.02	-0.03	-0.61
Interest & Investment Income	0.59	0.59	7.06	6.47	6.73	9.2
Currency Exchange Gain (Loss)	0	0	0	0.01	-0	-0.01
Other Non Operating Income (Expenses)	-0.12	-0.04	-0.05	-0.36	-0.12	-0.09
EBT Excluding Unusual Items	-14.7	17.68	70.84	74.32	76.27	96.74
Impairment of Goodwill	-5.19	-5.19	-	-	-	-
Gain (Loss) on Sale of Investments	24.73	27.78	20.23	-6.49	4.95	23.1
Gain (Loss) on Sale of Assets	0.02	0.04	0.19	0.01	-0.01	0.02
Asset Writedown	-0.71	-0.23	-	-25.22	-	-
Other Unusual Items	1.71	1.69	2.97	3.22	0.85	0.71
Pretax Income	5.86	41.76	94.23	45.82	82.06	120.58
Income Tax Expense	0.62	4.6	12.57	4.33	10.02	16.74
Earnings From Continuing Operations	5.24	37.16	81.66	41.49	72.04	103.84
Minority Interest in Earnings	-18.46	-27.2	-	-	-	-
Net Income	-13.22	9.96	81.66	41.49	72.04	103.84
Net Income to Common	-13.22	9.96	81.66	41.49	72.04	103.84
Net Income Growth	-	-87.80%	96.79%	-42.40%	-30.62%	20.19%
Shares Outstanding (Basic)	341	332	292	296	288	288
Shares Outstanding (Diluted)	341	332	292	296	288	288
Shares Change (YoY)	21.77%	13.88%	-1.60%	2.85%	-0.10%	0.16%
EPS (Basic)	-0.04	0.03	0.28	0.14	0.25	0.36
EPS (Diluted)	-0.04	0.03	0.28	0.14	0.25	0.36
EPS Growth	-	-89.29%	100.00%	-44.00%	-30.56%	20.00%
Free Cash Flow	7.69	17.17	71.77	42.48	12.67	21.34
Free Cash Flow Per Share	0.02	0.05	0.25	0.14	0.04	0.07
Dividend Per Share	0.030	0.030	0.200	0.200	0.200	0.200
Dividend Growth	-85.00%	-85.00%	-	-	-	-
Gross Margin	21.95%	24.19%	23.36%	24.40%	25.11%	31.80%
Operating Margin	-2.25%	4.41%	12.68%	13.67%	14.36%	21.68%
Profit Margin	-2.94%	2.12%	16.22%	8.31%	14.85%	25.51%
Free Cash Flow Margin	1.71%	3.66%	14.26%	8.51%	2.61%	5.24%
EBITDA	3.37	33.39	73.34	76.86	76.97	95.3
EBITDA Margin	0.75%	7.12%	14.57%	15.40%	15.86%	23.41%
D&A For EBITDA	13.52	12.71	9.49	8.63	7.28	7.06
EBIT	-10.15	20.68	63.85	68.23	69.69	88.25
EBIT Margin	-2.25%	4.41%	12.68%	13.67%	14.36%	21.68%
Effective Tax Rate	10.64%	11.02%	13.34%	9.44%	12.21%	13.88%
Revenue as Reported	450.22	469.14	503.37	499.15	485.25	407.03
Advertising Expenses	-	1.18	0.87	0.07	0.07	0.71

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.