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

SHA:603678 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,802	3,477	3,513	4,651	3,586
Other Revenue	-	26.18	45.74	83	70.06
Revenue	2,802	3,504	3,559	4,734	3,656
Revenue Growth (YoY)	-20.04%	-1.55%	-24.83%	29.48%	42.30%
Cost of Revenue	1,927	2,497	2,064	3,070	2,516
Gross Profit	874.91	1,007	1,494	1,665	1,140
Selling, General & Admin	482.66	453.77	382.78	336.6	267.68
Research & Development	112.15	144.88	106.96	107.69	68.1
Other Operating Expenses	-22.4	6.01	26.72	24.25	17.97
Operating Expenses	572.41	624.29	525.12	470.01	370.51
Operating Income	302.5	382.63	969.19	1,195	769.69
Interest Expense	-	-49.7	-42.82	-34.3	-27.89
Interest & Investment Income	3.96	14.02	10.72	6.98	3.14
Currency Exchange Gain (Loss)	-	-0.34	1.06	3.45	-1.5
Other Non Operating Income (Expenses)	-37.43	-0.79	-4.05	-3.1	-4.22
EBT Excluding Unusual Items	269.03	345.83	934.1	1,168	739.22
Gain (Loss) on Sale of Investments	-0.63	-3.63	-0.47	-4.43	-2.91
Gain (Loss) on Sale of Assets	0.32	0.87	0	-1.4	0.39
Asset Writedown	-58.09	-0.36	-0.1	-0.47	-0.48
Other Unusual Items	-	15.45	39.71	13.26	27.58
Pretax Income	210.63	358.17	973.24	1,175	763.81
Income Tax Expense	35.38	44.7	147.54	197.94	133.21
Earnings From Continuing Operations	175.24	313.47	825.69	976.68	630.59
Minority Interest in Earnings	19.28	4.91	-24.24	-20.83	-21.1
Net Income	194.52	318.38	801.45	955.85	609.49
Net Income to Common	194.52	318.38	801.45	955.85	609.49
Net Income Growth	-38.90%	-60.27%	-16.15%	56.83%	59.79%
Shares Outstanding (Basic)	452	455	458	460	451
Shares Outstanding (Diluted)	452	461	474	473	462
Shares Change (YoY)	-1.96%	-2.70%	0.22%	2.48%	1.68%
EPS (Basic)	0.43	0.70	1.75	2.08	1.35
EPS (Diluted)	0.43	0.69	1.69	2.02	1.32
EPS Growth	-37.68%	-59.17%	-16.34%	53.03%	57.14%
Free Cash Flow	320.52	511.67	279.52	-25.66	-245.46
Free Cash Flow Per Share	0.71	1.11	0.59	-0.05	-0.53
Dividend Per Share	-	0.150	0.350	0.480	0.340
Dividend Growth	-	-57.14%	-27.08%	41.18%	100.00%
Gross Margin	31.23%	28.74%	41.99%	35.16%	31.19%
Operating Margin	10.80%	10.92%	27.23%	25.23%	21.05%
Profit Margin	6.94%	9.09%	22.52%	20.19%	16.67%
Free Cash Flow Margin	11.44%	14.60%	7.85%	-0.54%	-6.71%
EBITDA	512.62	572.05	1,116	1,306	855.83
EBITDA Margin	18.30%	16.33%	31.35%	27.58%	23.41%
D&A For EBITDA	210.12	189.42	146.44	111.29	86.14
EBIT	302.5	382.63	969.19	1,195	769.69
EBIT Margin	10.80%	10.92%	27.23%	25.23%	21.05%
Effective Tax Rate	16.80%	12.48%	15.16%	16.85%	17.44%
Revenue as Reported	-	3,504	3,559	-	3,656
Advertising Expenses	-	7.13	6.89	7.72	6.49

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