Shanghai Flyco Electrical Appliance Co., Ltd. (SHA: 603868)

Shanghai Flyco Electrical Appliance 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	4,703	5,048	4,613	3,995	3,563	3,753
Other Revenue	2.1	11.24	13.92	9.82	4.71	6.58
Revenue	4,705	5,060	4,627	4,005	3,568	3,759
Revenue Growth (YoY)	-6.30%	9.35%	15.53%	12.26%	-5.09%	-5.46%
Cost of Revenue	2,079	2,170	2,153	2,128	2,105	2,310
Gross Profit	2,626	2,890	2,474	1,877	1,463	1,450
Selling, General & Admin	1,736	1,654	1,303	930.94	555.3	510.52
Research & Development	88.77	99.28	88.83	131.94	74.07	84.89
Other Operating Expenses	48.83	52.88	42.61	36.73	30.85	26.02
Operating Expenses	1,871	1,805	1,456	1,125	661.18	623.37
Operating Income	754.96	1,085	1,018	752.26	801.82	826.27
Interest Expense	-0.53	-1.11	-0.81	-0.3	-	-
Interest & Investment Income	17.19	14.55	6.73	13.89	5.5	28.24
Currency Exchange Gain (Loss)	-0.13	0.24	1.67	-0.39	-0.23	-0.04
Other Non Operating Income (Expenses)	-10.44	-0.13	-0.11	-0.16	-0.2	-0.03
EBT Excluding Unusual Items	761.05	1,098	1,025	765.3	806.89	854.45
Gain (Loss) on Sale of Investments	23.52	24.15	12.36	13.44	11.43	1.05
Gain (Loss) on Sale of Assets	-1.82	-0.91	-2.83	-0.89	0.47	0.03
Asset Writedown	-4.67	-	-	-	-	-1.25
Other Unusual Items	59.63	131.34	52.27	57.22	42.24	56.51
Pretax Income	837.71	1,253	1,087	835.08	861.02	910.78
Income Tax Expense	110.85	233.44	264.31	196.75	224.1	227.26
Earnings From Continuing Operations	726.85	1,020	822.53	638.32	636.92	683.52
Minority Interest in Earnings	-	-	0.45	2.38	1.36	2.3
Net Income	726.85	1,020	822.98	640.7	638.28	685.82
Net Income to Common	726.85	1,020	822.98	640.7	638.28	685.82
Net Income Growth	-25.48%	23.90%	28.45%	0.38%	-6.93%	-18.83%
Shares Outstanding (Basic)	438	436	435	436	434	437
Shares Outstanding (Diluted)	438	436	435	436	434	437
Shares Change (YoY)	0.46%	0.07%	-0.10%	0.38%	-0.60%	0.30%
EPS (Basic)	1.66	2.34	1.89	1.47	1.47	1.57
EPS (Diluted)	1.66	2.34	1.89	1.47	1.47	1.57
EPS Growth	-25.82%	23.81%	28.57%	0%	-6.37%	-19.07%
Free Cash Flow	655.42	1,239	702.86	561.29	773.98	194.97
Free Cash Flow Per Share	1.50	2.84	1.61	1.29	1.78	0.45
Dividend Per Share	2.300	2.300	2.000	1.000	1.000	1.000
Dividend Growth	15.00%	15.00%	100.00%	0%	0%	-
Gross Margin	55.82%	57.11%	53.46%	46.86%	41.00%	38.56%
Operating Margin	16.05%	21.44%	21.99%	18.78%	22.47%	21.98%
Profit Margin	15.45%	20.15%	17.79%	16.00%	17.89%	18.24%
Free Cash Flow Margin	13.93%	24.50%	15.19%	14.01%	21.69%	5.19%
EBITDA	858.44	1,191	1,115	827.36	871.85	884.15
EBITDA Margin	18.25%	23.53%	24.11%	20.66%	24.44%	23.52%
D&A For EBITDA	103.48	105.6	97.86	75.1	70.03	57.87
EBIT	754.96	1,085	1,018	752.26	801.82	826.27
EBIT Margin	16.05%	21.44%	21.99%	18.78%	22.47%	21.98%
Effective Tax Rate	13.23%	18.63%	24.32%	23.56%	26.03%	24.95%
Revenue as Reported	2,386	5,060	4,627	4,005	3,568	3,759
Advertising Expenses	-	1,172	919.6	586.43	289.92	229.92

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