Loncin Motor Co., Ltd. (SHA: 603766)

Loncin Motor 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	14,569	12,906	12,274	12,918	10,244	10,537
Other Revenue	185.1	160.73	136.17	139.72	193.29	113.46
Revenue	14,754	13,066	12,410	13,058	10,437	10,650
Revenue Growth (YoY)	25.17%	5.29%	-4.96%	25.11%	-2.00%	-4.94%
Cost of Revenue	12,022	10,666	10,307	11,290	8,717	8,608
Gross Profit	2,732	2,401	2,104	1,768	1,720	2,043
Selling, General & Admin	886.18	782.42	635.35	583.02	518.41	718.78
Research & Development	508.22	457.07	463.75	383.98	305.77	307.09
Other Operating Expenses	310.08	240.02	142.17	136.12	93.46	100.53
Operating Expenses	1,724	1,499	1,460	1,224	1,042	1,128
Operating Income	1,008	901.36	643.2	543.98	678	914.57
Interest Expense	-40.56	-31.03	-19.21	-25.32	-35.48	-20.04
Interest & Investment Income	130.53	127.67	80.51	305.8	108.04	41.9
Currency Exchange Gain (Loss)	28.96	4.44	144.49	-31.48	-94.88	-3.95
Other Non Operating Income (Expenses)	-0.38	12.87	-21.65	-10.28	-2.84	-4
EBT Excluding Unusual Items	1,127	1,015	827.34	782.7	652.84	928.48
Impairment of Goodwill	-139.47	-125.16	-221.78	-251.97	-189.46	-287.18
Gain (Loss) on Sale of Investments	-45.14	-14.07	-22.49	-8.41	16.98	123.88
Gain (Loss) on Sale of Assets	-197.85	-198.74	-4.53	0.56	-2.7	-5.17
Asset Writedown	-25.83	-57.14	-63.32	-116.1	-48.24	-73.85
Other Unusual Items	-26.73	-61.73	71.83	83.73	113.3	64.44
Pretax Income	691.81	558.46	587.05	490.51	542.71	750.6
Income Tax Expense	126.05	84.24	99.73	122.84	80.48	147.49
Earnings From Continuing Operations	565.76	474.21	487.32	367.67	462.23	603.1
Minority Interest in Earnings	105.37	109.21	39.96	17.13	17.69	19.75
Net Income	671.13	583.42	527.28	384.8	479.92	622.85
Net Income to Common	671.13	583.42	527.28	384.8	479.92	622.85
Net Income Growth	44.40%	10.65%	37.02%	-19.82%	-22.95%	-32.25%
Shares Outstanding (Basic)	2,084	2,084	2,028	2,025	2,087	2,076
Shares Outstanding (Diluted)	2,084	2,084	2,028	2,025	2,087	2,076
Shares Change (YoY)	2.75%	2.74%	0.13%	-2.94%	0.50%	-0.63%
EPS (Basic)	0.32	0.28	0.26	0.19	0.23	0.30
EPS (Diluted)	0.32	0.28	0.26	0.19	0.23	0.30
EPS Growth	40.53%	7.69%	36.84%	-17.39%	-23.33%	-31.82%
Free Cash Flow	848.75	1,868	619.54	575.81	689.54	539.61
Free Cash Flow Per Share	0.41	0.90	0.31	0.28	0.33	0.26
Dividend Per Share	0.100	0.100	0.080	0.060	0.080	0.100
Dividend Growth	25.00%	25.00%	33.33%	-25.00%	-20.00%	1328.57%
Gross Margin	18.52%	18.37%	16.95%	13.54%	16.48%	19.18%
Operating Margin	6.83%	6.90%	5.18%	4.17%	6.50%	8.59%
Profit Margin	4.55%	4.47%	4.25%	2.95%	4.60%	5.85%
Free Cash Flow Margin	5.75%	14.29%	4.99%	4.41%	6.61%	5.07%
EBITDA	1,422	1,317	1,127	983.76	1,164	1,330
EBITDA Margin	9.64%	10.08%	9.08%	7.53%	11.15%	12.48%
D&A For EBITDA	414.15	415.34	484.16	439.78	486.06	415.02
EBIT	1,008	901.36	643.2	543.98	678	914.57
EBIT Margin	6.83%	6.90%	5.18%	4.17%	6.50%	8.59%
Effective Tax Rate	18.22%	15.09%	16.99%	25.04%	14.83%	19.65%
Revenue as Reported	14,754	13,066	12,410	13,058	10,437	10,650

Source: S&P Capital IQ. Standard template. Financial Sources.