Hangzhou First Applied Material Co., Ltd. (SHA:603806)

SHA:603806 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	17,329	19,027	22,494	18,824	12,809	8,355
Other Revenue	120.91	120.91	94.15	53.74	48.49	37.69
Revenue	17,450	19,147	22,589	18,877	12,858	8,393
Revenue Growth (YoY)	-24.12%	-15.23%	19.66%	46.82%	53.20%	31.59%
Cost of Revenue	15,039	16,397	19,335	16,090	9,652	6,018
Gross Profit	2,412	2,750	3,254	2,788	3,206	2,376
Selling, General & Admin	381.4	376.51	351.25	291.89	202.77	262.19
Research & Development	587.71	657.27	792.03	644.8	453.59	309.08
Other Operating Expenses	-11.6	3.83	-28.45	52.61	41.93	34.9
Operating Expenses	1,095	1,319	1,507	1,227	768.45	612.14
Operating Income	1,317	1,431	1,747	1,561	2,438	1,763
Interest Expense	-49.5	-57.06	-77.06	-21.14	-7.17	-9.1
Interest & Investment Income	96.96	107.75	164.46	137.7	51.79	73.21
Currency Exchange Gain (Loss)	-25.74	-25.74	-31.06	54.26	22.61	-2.64
Other Non Operating Income (Expenses)	-23.46	1.53	-3.66	-1.58	-2.4	-1.34
EBT Excluding Unusual Items	1,315	1,457	1,800	1,730	2,502	1,824
Gain (Loss) on Sale of Investments	-7.56	-7.56	-	-4.87	2.48	-2.3
Gain (Loss) on Sale of Assets	-20.31	-20.76	-5.34	-8.32	0.28	-0.9
Asset Writedown	-32.98	-	-40.75	-	-0.97	-0.97
Other Unusual Items	50.21	49.79	294.89	-15.13	-35.2	-37.7
Pretax Income	1,305	1,479	2,049	1,702	2,469	1,782
Income Tax Expense	141.28	189.65	200.03	122.8	271.34	216.5
Earnings From Continuing Operations	1,163	1,289	1,849	1,579	2,198	1,565
Minority Interest in Earnings	23.69	18.4	1.29	-0.64	-1.19	-0.27
Net Income	1,187	1,308	1,850	1,579	2,197	1,565
Net Income to Common	1,187	1,308	1,850	1,579	2,197	1,565
Net Income Growth	-40.86%	-29.33%	17.21%	-28.13%	40.35%	63.52%
Shares Outstanding (Basic)	2,614	2,615	2,606	2,600	2,563	2,468
Shares Outstanding (Diluted)	2,639	2,615	2,606	2,600	2,563	2,468
Shares Change (YoY)	0.45%	0.36%	0.22%	1.46%	3.84%	1.81%
EPS (Basic)	0.45	0.50	0.71	0.61	0.86	0.63
EPS (Diluted)	0.45	0.50	0.71	0.61	0.86	0.63
EPS Growth	-41.13%	-29.58%	16.95%	-29.17%	35.17%	60.61%
Free Cash Flow	3,554	3,746	-768.95	-550.9	-683.59	-83.45
Free Cash Flow Per Share	1.35	1.43	-0.29	-0.21	-0.27	-0.03
Dividend Per Share	0.260	0.260	0.186	0.076	0.128	0.137
Dividend Growth	40.01%	40.01%	142.75%	-40.05%	-6.66%	14.59%
Gross Margin	13.82%	14.36%	14.41%	14.77%	24.93%	28.30%
Operating Margin	7.55%	7.47%	7.74%	8.27%	18.96%	21.01%
Profit Margin	6.80%	6.83%	8.19%	8.36%	17.08%	18.65%
Free Cash Flow Margin	20.36%	19.56%	-3.40%	-2.92%	-5.32%	-0.99%
EBITDA	1,743	1,836	2,068	1,804	2,628	1,895
EBITDA Margin	9.99%	9.59%	9.15%	9.56%	20.44%	22.58%
D&A For EBITDA	425.9	404.75	320.15	242.79	190.47	131.68
EBIT	1,317	1,431	1,747	1,561	2,438	1,763
EBIT Margin	7.55%	7.47%	7.74%	8.27%	18.96%	21.01%
Effective Tax Rate	10.83%	12.83%	9.76%	7.22%	10.99%	12.15%
Revenue as Reported	17,450	19,147	22,589	18,877	12,858	8,393
Advertising Expenses	-	5.94	3.78	1.34	0.98	0.73

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