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

Hangzhou First Applied Material 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	21,019	22,494	18,824	12,809	8,355	6,328
Other Revenue	94.15	94.15	53.74	48.49	37.69	49.69
Revenue	21,113	22,589	18,877	12,858	8,393	6,378
Revenue Growth (YoY)	-3.95%	19.66%	46.82%	53.20%	31.59%	32.61%
Cost of Revenue	17,840	19,334	16,090	9,652	6,018	5,093
Gross Profit	3,273	3,254	2,788	3,206	2,376	1,285
Selling, General & Admin	421.95	351.47	291.89	202.77	262.19	200.94
Research & Development	795.27	792.03	644.8	453.59	309.08	202.88
Other Operating Expenses	-40.26	-28.45	52.61	41.93	34.9	21.8
Operating Expenses	1,486	1,507	1,227	768.45	612.14	434.23
Operating Income	1,788	1,747	1,561	2,438	1,763	850.56
Interest Expense	-85.51	-77.06	-21.14	-7.17	-9.1	-3.55
Interest & Investment Income	141.17	164.46	137.7	51.79	73.21	39.85
Currency Exchange Gain (Loss)	-30.85	-30.85	54.26	22.61	-2.64	-6.61
Other Non Operating Income (Expenses)	-107.42	-3.66	-1.58	-2.4	-1.34	1.7
EBT Excluding Unusual Items	1,705	1,800	1,730	2,502	1,824	881.96
Gain (Loss) on Sale of Investments	-19.66	-0.21	-4.87	2.48	-2.3	-0.3
Gain (Loss) on Sale of Assets	-1.49	-5.34	-8.32	0.28	-0.9	66.63
Asset Writedown	-104.8	-40.75	-	-0.97	-0.97	-0.54
Other Unusual Items	299.53	294.89	-15.13	-35.2	-37.7	144.56
Pretax Income	1,879	2,049	1,702	2,469	1,782	1,092
Income Tax Expense	204.43	200.03	122.8	271.34	216.5	137.26
Earnings From Continuing Operations	1,674	1,849	1,579	2,198	1,565	955.04
Minority Interest in Earnings	3.03	1.29	-0.64	-1.19	-0.27	2.03
Net Income	1,677	1,850	1,579	2,197	1,565	957.06
Net Income to Common	1,677	1,850	1,579	2,197	1,565	957.06
Net Income Growth	13.63%	17.20%	-28.13%	40.35%	63.52%	27.39%
Shares Outstanding (Basic)	2,631	2,617	2,600	2,563	2,468	2,406
Shares Outstanding (Diluted)	2,631	2,617	2,600	2,563	2,468	2,424
Shares Change (YoY)	0.26%	0.63%	1.46%	3.84%	1.81%	0.81%
EPS (Basic)	0.64	0.71	0.61	0.86	0.63	0.40
EPS (Diluted)	0.64	0.71	0.61	0.86	0.63	0.39
EPS Growth	13.33%	16.47%	-29.17%	35.17%	60.61%	26.38%
Free Cash Flow	4,075	-768.95	-550.9	-683.59	-83.45	269.62
Free Cash Flow Per Share	1.55	-0.29	-0.21	-0.27	-0.03	0.11
Dividend Per Share	0.186	0.186	0.076	0.128	0.137	0.119
Dividend Growth	142.75%	142.75%	-40.05%	-6.66%	14.59%	22.23%
Gross Margin	15.50%	14.41%	14.77%	24.93%	28.30%	20.14%
Operating Margin	8.47%	7.74%	8.27%	18.96%	21.01%	13.34%
Profit Margin	7.94%	8.19%	8.36%	17.08%	18.65%	15.01%
Free Cash Flow Margin	19.30%	-3.40%	-2.92%	-5.32%	-0.99%	4.23%
EBITDA	2,164	2,067	1,804	2,628	1,895	962.16
EBITDA Margin	10.25%	9.15%	9.56%	20.44%	22.58%	15.09%
D&A For EBITDA	376.53	319.21	242.79	190.47	131.68	111.59
EBIT	1,788	1,747	1,561	2,438	1,763	850.56
EBIT Margin	8.47%	7.74%	8.27%	18.96%	21.01%	13.34%
Effective Tax Rate	10.88%	9.76%	7.22%	10.99%	12.15%	12.57%
Revenue as Reported	21,113	22,589	18,877	12,858	8,393	6,378
Advertising Expenses	-	3.78	1.34	0.98	0.73	-

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