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

SHA:603602 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,627	1,652	1,347	1,129	881.09	772.07
Other Revenue	13.16	13.16	11.81	5.23	2.71	5.48
Revenue	1,640	1,665	1,359	1,134	883.8	777.55
Revenue Growth (YoY)	-9.91%	22.54%	19.83%	28.29%	13.66%	-10.08%
Cost of Revenue	1,359	1,389	1,164	992.34	784.09	688.51
Gross Profit	280.87	276.02	194.19	141.47	99.71	89.04
Selling, General & Admin	151.97	117.5	75.78	66.6	58.68	54.08
Research & Development	77.4	73.37	59.57	45.89	35.76	33.37
Other Operating Expenses	6.18	10.01	4.09	1.7	2.32	2.13
Operating Expenses	246.72	226.46	152.96	123.24	95.31	95.55
Operating Income	34.15	49.57	41.24	18.22	4.4	-6.5
Interest Expense	-19.83	-24.91	-16.83	-14.46	-16.51	-12.25
Interest & Investment Income	9.26	8.13	10.95	8.71	15.28	29.31
Currency Exchange Gain (Loss)	-1.01	-1.01	-	2.12	5.36	-1.44
Other Non Operating Income (Expenses)	-6.91	-1.3	-1.96	5.96	0.89	-13.51
EBT Excluding Unusual Items	15.65	30.47	33.39	20.56	9.42	-4.4
Gain (Loss) on Sale of Investments	19.16	7.58	-	-2.99	-	-
Gain (Loss) on Sale of Assets	0.09	0.14	0.16	-0.2	-0.53	-1.94
Asset Writedown	-1.8	-	-	-	-	-
Other Unusual Items	1.61	2.34	0.32	2.1	4.81	4.21
Pretax Income	34.71	40.54	33.87	19.47	13.69	-2.12
Income Tax Expense	7.37	7.26	-2.05	-1.13	0.68	0.39
Earnings From Continuing Operations	27.34	33.28	35.93	20.6	13.01	-2.51
Minority Interest in Earnings	0.92	-14.42	-3.08	1.32	4.72	19.12
Net Income	28.26	18.86	32.85	21.92	17.73	16.61
Net Income to Common	28.26	18.86	32.85	21.92	17.73	16.61
Net Income Growth	-1.50%	-42.59%	49.87%	23.64%	6.75%	-56.87%
Shares Outstanding (Basic)	242	210	205	199	197	208
Shares Outstanding (Diluted)	242	210	205	199	197	208
Shares Change (YoY)	26.23%	2.06%	3.03%	1.16%	-5.11%	2.44%
EPS (Basic)	0.12	0.09	0.16	0.11	0.09	0.08
EPS (Diluted)	0.12	0.09	0.16	0.11	0.09	0.08
EPS Growth	-21.97%	-43.75%	45.45%	22.22%	12.50%	-57.89%
Free Cash Flow	-405.35	-476.55	-60.28	-94.25	-4.48	-72.54
Free Cash Flow Per Share	-1.68	-2.27	-0.29	-0.47	-0.02	-0.35
Dividend Per Share	0.070	0.050	0.060	0.050	0.030	0.030
Dividend Growth	16.67%	-16.67%	20.00%	66.67%	-	-2.60%
Gross Margin	17.13%	16.58%	14.29%	12.48%	11.28%	11.45%
Operating Margin	2.08%	2.98%	3.03%	1.61%	0.50%	-0.84%
Profit Margin	1.72%	1.13%	2.42%	1.93%	2.01%	2.14%
Free Cash Flow Margin	-24.72%	-28.62%	-4.44%	-8.31%	-0.51%	-9.33%
EBITDA	47.69	63.43	55.54	24.92	8.85	-0.79
EBITDA Margin	2.91%	3.81%	4.09%	2.20%	1.00%	-0.10%
D&A For EBITDA	13.54	13.86	14.3	6.69	4.45	5.72
EBIT	34.15	49.57	41.24	18.22	4.4	-6.5
EBIT Margin	2.08%	2.98%	3.03%	1.61%	0.50%	-0.84%
Effective Tax Rate	21.23%	17.90%	-	-	4.99%	-
Revenue as Reported	1,640	1,665	1,359	1,134	883.8	777.55

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