Hangzhou Freely Communication Co., Ltd. (SHA:603602)

SHA:603602 Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,808	1,347	1,129	881.09	772.07	861.82
Other Revenue	11.81	11.81	5.23	2.71	5.48	2.93
Revenue	1,820	1,359	1,134	883.8	777.55	864.75
Revenue Growth (YoY)	49.53%	19.83%	28.29%	13.66%	-10.08%	48.14%
Cost of Revenue	1,561	1,164	992.34	784.09	688.51	745.38
Gross Profit	259.23	194.19	141.47	99.71	89.04	119.37
Selling, General & Admin	97.06	75.78	66.6	58.68	54.08	49.84
Research & Development	67.65	59.57	45.89	35.76	33.37	31.3
Other Operating Expenses	4.52	4.09	1.7	2.32	2.13	3.97
Operating Expenses	193.34	152.96	123.24	95.31	95.55	87.92
Operating Income	65.88	41.24	18.22	4.4	-6.5	31.45
Interest Expense	-22.75	-16.83	-14.46	-16.51	-12.25	-7.43
Interest & Investment Income	11.65	10.95	8.71	15.28	29.31	7.17
Currency Exchange Gain (Loss)	-	-	2.12	5.36	-1.44	0.03
Other Non Operating Income (Expenses)	-7.01	-1.96	5.96	0.89	-13.51	-0.84
EBT Excluding Unusual Items	47.78	33.39	20.56	9.42	-4.4	30.38
Gain (Loss) on Sale of Investments	0.03	-	-2.99	-	-	-
Gain (Loss) on Sale of Assets	0.1	0.16	-0.2	-0.53	-1.94	-0.13
Asset Writedown	0.06	-	-	-	-	-
Other Unusual Items	0.32	0.32	2.1	4.81	4.21	4.25
Pretax Income	48.29	33.87	19.47	13.69	-2.12	34.51
Income Tax Expense	0.89	-2.05	-1.13	0.68	0.39	5.77
Earnings From Continuing Operations	47.39	35.93	20.6	13.01	-2.51	28.73
Minority Interest in Earnings	-18.7	-3.08	1.32	4.72	19.12	9.77
Net Income	28.7	32.85	21.92	17.73	16.61	38.51
Net Income to Common	28.7	32.85	21.92	17.73	16.61	38.51
Net Income Growth	-4.52%	49.87%	23.64%	6.75%	-56.87%	-13.51%
Shares Outstanding (Basic)	191	205	199	197	208	203
Shares Outstanding (Diluted)	191	205	199	197	208	203
Shares Change (YoY)	-2.51%	3.03%	1.16%	-5.11%	2.44%	-1.95%
EPS (Basic)	0.15	0.16	0.11	0.09	0.08	0.19
EPS (Diluted)	0.15	0.16	0.11	0.09	0.08	0.19
EPS Growth	-2.06%	45.45%	22.22%	12.50%	-57.89%	-11.79%
Free Cash Flow	-216.22	-60.28	-94.25	-4.48	-72.54	-146.33
Free Cash Flow Per Share	-1.13	-0.29	-0.47	-0.02	-0.35	-0.72
Dividend Per Share	0.060	0.060	0.050	0.030	0.030	0.031
Dividend Growth	20.00%	20.00%	66.67%	-	-2.60%	-6.67%
Gross Margin	14.24%	14.29%	12.48%	11.28%	11.45%	13.80%
Operating Margin	3.62%	3.03%	1.61%	0.50%	-0.84%	3.64%
Profit Margin	1.58%	2.42%	1.93%	2.01%	2.14%	4.45%
Free Cash Flow Margin	-11.88%	-4.44%	-8.31%	-0.51%	-9.33%	-16.92%
EBITDA	85.75	55.46	24.92	8.85	-0.79	35.43
EBITDA Margin	4.71%	4.08%	2.20%	1.00%	-0.10%	4.10%
D&A For EBITDA	19.87	14.22	6.69	4.45	5.72	3.98
EBIT	65.88	41.24	18.22	4.4	-6.5	31.45
EBIT Margin	3.62%	3.03%	1.61%	0.50%	-0.84%	3.64%
Effective Tax Rate	1.84%	-	-	4.99%	-	16.73%
Revenue as Reported	1,820	1,359	1,134	883.8	777.55	864.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.