Fujian Torch Electron Technology Co., Ltd. (SHA:603678)

SHA:603678 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	2,890	2,780	3,477	3,513	4,651	3,586
Other Revenue	21.88	21.88	26.18	45.74	83	70.06
Revenue	2,912	2,802	3,504	3,559	4,734	3,656
Revenue Growth (YoY)	-17.12%	-20.04%	-1.55%	-24.83%	29.48%	42.30%
Cost of Revenue	2,020	1,959	2,497	2,064	3,070	2,516
Gross Profit	891.95	842.31	1,007	1,494	1,665	1,140
Selling, General & Admin	483.64	482.66	453.77	382.78	336.6	267.68
Research & Development	109.51	112.15	144.88	106.96	107.69	68.1
Other Operating Expenses	8.32	7.12	6.01	26.72	24.25	17.97
Operating Expenses	617.59	609.79	624.29	525.12	470.01	370.51
Operating Income	274.37	232.52	382.63	969.19	1,195	769.69
Interest Expense	-35.18	-35.02	-49.7	-42.82	-34.3	-27.89
Interest & Investment Income	18.96	20.17	14.02	10.72	6.98	3.14
Currency Exchange Gain (Loss)	-7.33	-7.33	-0.34	1.06	3.45	-1.5
Other Non Operating Income (Expenses)	2.09	-0.18	-0.79	-4.05	-3.1	-4.22
EBT Excluding Unusual Items	252.91	210.17	345.83	934.1	1,168	739.22
Impairment of Goodwill	-25.5	-25.5	-	-	-	-
Gain (Loss) on Sale of Investments	0.05	-0.63	-3.63	-0.47	-4.43	-2.91
Gain (Loss) on Sale of Assets	0.31	0.32	0.87	0	-1.4	0.39
Asset Writedown	0.69	-0.14	-0.36	-0.1	-0.47	-0.48
Other Unusual Items	26.16	26.41	15.45	39.71	13.26	27.58
Pretax Income	254.61	210.63	358.17	973.24	1,175	763.81
Income Tax Expense	46.22	35.38	44.7	147.54	197.94	133.21
Earnings From Continuing Operations	208.39	175.24	313.47	825.69	976.68	630.59
Minority Interest in Earnings	18.52	19.28	4.91	-24.24	-20.83	-21.1
Net Income	226.9	194.52	318.38	801.45	955.85	609.49
Net Income to Common	226.9	194.52	318.38	801.45	955.85	609.49
Net Income Growth	-14.79%	-38.90%	-60.27%	-16.15%	56.83%	59.79%
Shares Outstanding (Basic)	452	452	455	458	460	451
Shares Outstanding (Diluted)	452	452	461	474	473	462
Shares Change (YoY)	-1.79%	-1.96%	-2.70%	0.22%	2.48%	1.68%
EPS (Basic)	0.50	0.43	0.70	1.75	2.08	1.35
EPS (Diluted)	0.50	0.43	0.69	1.69	2.02	1.32
EPS Growth	-13.24%	-37.68%	-59.17%	-16.34%	53.03%	57.14%
Free Cash Flow	126.14	320.52	511.67	279.52	-25.66	-245.46
Free Cash Flow Per Share	0.28	0.71	1.11	0.59	-0.05	-0.53
Dividend Per Share	0.130	0.130	0.150	0.350	0.480	0.340
Dividend Growth	-13.33%	-13.33%	-57.14%	-27.08%	41.18%	100.00%
Gross Margin	30.63%	30.07%	28.74%	41.99%	35.16%	31.19%
Operating Margin	9.42%	8.30%	10.92%	27.23%	25.23%	21.05%
Profit Margin	7.79%	6.94%	9.09%	22.52%	20.19%	16.67%
Free Cash Flow Margin	4.33%	11.44%	14.60%	7.85%	-0.54%	-6.71%
EBITDA	487.8	441.38	573.16	1,116	1,306	855.83
EBITDA Margin	16.75%	15.75%	16.36%	31.35%	27.58%	23.41%
D&A For EBITDA	213.44	208.85	190.53	146.44	111.29	86.14
EBIT	274.37	232.52	382.63	969.19	1,195	769.69
EBIT Margin	9.42%	8.30%	10.92%	27.23%	25.23%	21.05%
Effective Tax Rate	18.15%	16.80%	12.48%	15.16%	16.85%	17.44%
Revenue as Reported	2,912	2,802	3,504	3,559	-	3,656
Advertising Expenses	-	4.57	7.13	6.89	7.72	6.49

Updated Mar 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.