Ningbo Gaofa Automotive Control System Co., Ltd. (SHA:603788)

SHA:603788 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	1,507	1,440	1,243	1,012	908.26	872.94
Other Revenue	20.84	20.84	20.13	25.42	33.74	18.49
Revenue	1,528	1,461	1,263	1,037	942	891.43
Revenue Growth (YoY)	4.02%	15.61%	21.79%	10.13%	5.67%	-5.58%
Cost of Revenue	1,204	1,137	978.87	799.43	696.88	632.37
Gross Profit	324.58	323.53	284.6	238.03	245.12	259.06
Selling, General & Admin	71.84	66.96	66.97	68.83	65.55	56.52
Research & Development	67.74	66.09	62.44	56.24	51.39	41.16
Other Operating Expenses	4.71	3.95	3.74	7.13	6.87	6.61
Operating Expenses	141.07	140.5	141.34	139.24	127.03	99.45
Operating Income	183.51	183.03	143.26	98.79	118.09	159.61
Interest Expense	-2.23	-1.75	-0.5	-0.96	-1.25	-0.78
Interest & Investment Income	19.82	25.25	33.08	36.49	41.62	44.64
Currency Exchange Gain (Loss)	0.11	-0	-0.01	-	-	-
Other Non Operating Income (Expenses)	-2.4	-2.91	-1.54	0.38	-0.36	-0.34
EBT Excluding Unusual Items	198.81	203.63	174.3	134.7	158.1	203.13
Gain (Loss) on Sale of Investments	0.69	0.95	-4.47	-4.78	2.89	-
Gain (Loss) on Sale of Assets	-0.11	-0.13	-0.01	-0.04	-0.09	-0.01
Other Unusual Items	7.92	7.92	9.97	4.48	5.3	5.18
Pretax Income	209.62	212.37	179.79	134.35	166.19	208.3
Income Tax Expense	16.99	22.75	17.36	19.62	20.73	28.98
Earnings From Continuing Operations	192.62	189.63	162.43	114.73	145.46	179.33
Minority Interest in Earnings	1.27	0.96	0.21	0.18	0	-
Net Income	193.89	190.59	162.64	114.91	145.46	179.33
Net Income to Common	193.89	190.59	162.64	114.91	145.46	179.33
Net Income Growth	-4.87%	17.18%	41.53%	-21.00%	-18.88%	0.32%
Shares Outstanding (Basic)	223	224	223	221	223	223
Shares Outstanding (Diluted)	223	224	223	221	223	223
Shares Change (YoY)	-0.48%	0.64%	0.82%	-0.93%	-	-1.94%
EPS (Basic)	0.87	0.85	0.73	0.52	0.65	0.80
EPS (Diluted)	0.87	0.85	0.73	0.52	0.65	0.80
EPS Growth	-4.41%	16.44%	40.38%	-20.00%	-18.75%	2.56%
Free Cash Flow	119.66	-24.03	-39.23	-49.85	140.75	155.12
Free Cash Flow Per Share	0.54	-0.11	-0.18	-0.23	0.63	0.69
Dividend Per Share	0.700	0.700	0.600	0.500	0.500	0.600
Dividend Growth	16.67%	16.67%	20.00%	-	-16.67%	-
Gross Margin	21.24%	22.15%	22.53%	22.94%	26.02%	29.06%
Operating Margin	12.01%	12.53%	11.34%	9.52%	12.54%	17.90%
Profit Margin	12.69%	13.05%	12.87%	11.08%	15.44%	20.12%
Free Cash Flow Margin	7.83%	-1.65%	-3.10%	-4.81%	14.94%	17.40%
EBITDA	208.71	206.76	165.02	121.86	137.93	179.68
EBITDA Margin	13.66%	14.16%	13.06%	11.75%	14.64%	20.16%
D&A For EBITDA	25.21	23.73	21.75	23.07	19.84	20.07
EBIT	183.51	183.03	143.26	98.79	118.09	159.61
EBIT Margin	12.01%	12.53%	11.34%	9.52%	12.54%	17.90%
Effective Tax Rate	8.11%	10.71%	9.66%	14.60%	12.47%	13.91%
Revenue as Reported	1,528	1,461	1,263	1,037	942	891.43

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