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

SHA:603868 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,930	4,131	5,048	4,613	3,995	3,563
Other Revenue	13.96	15.81	11.24	13.92	9.82	4.71
Revenue	3,944	4,147	5,060	4,627	4,005	3,568
Revenue Growth (YoY)	-16.17%	-18.03%	9.35%	15.53%	12.26%	-5.09%
Cost of Revenue	1,765	1,893	2,201	2,153	2,128	2,105
Gross Profit	2,179	2,255	2,859	2,474	1,877	1,463
Selling, General & Admin	1,567	1,668	1,623	1,303	930.94	555.3
Research & Development	94.29	96.42	99.28	88.83	131.94	74.07
Other Operating Expenses	53.31	48.89	52.88	42.61	36.73	30.85
Operating Expenses	1,714	1,813	1,774	1,456	1,125	661.18
Operating Income	464.51	441.43	1,085	1,018	752.26	801.82
Interest Expense	-4.43	-4.82	-1.11	-0.81	-0.3	-
Interest & Investment Income	7.42	16.87	14.55	6.73	13.89	5.5
Currency Exchange Gain (Loss)	0.05	0.26	0.24	1.67	-0.39	-0.23
Other Non Operating Income (Expenses)	-24.98	-0.19	-0.13	-0.11	-0.16	-0.2
EBT Excluding Unusual Items	442.57	453.55	1,098	1,025	765.3	806.89
Gain (Loss) on Sale of Investments	21.45	22.69	24.15	12.36	13.44	11.43
Gain (Loss) on Sale of Assets	0.79	0.18	-0.06	-2.83	-0.89	0.47
Asset Writedown	-0.04	-0.04	-0.85	-	-	-
Other Unusual Items	106.79	84.75	131.34	52.27	57.22	42.24
Pretax Income	571.57	561.13	1,253	1,087	835.08	861.02
Income Tax Expense	108.13	103.27	233.44	264.31	196.75	224.1
Earnings From Continuing Operations	463.43	457.86	1,020	822.53	638.32	636.92
Minority Interest in Earnings	-	-	-	0.45	2.38	1.36
Net Income	463.43	457.86	1,020	822.98	640.7	638.28
Net Income to Common	463.43	457.86	1,020	822.98	640.7	638.28
Net Income Growth	-36.24%	-55.10%	23.90%	28.45%	0.38%	-6.93%
Shares Outstanding (Basic)	434	436	436	435	436	434
Shares Outstanding (Diluted)	434	436	436	435	436	434
Shares Change (YoY)	-0.84%	0.07%	0.07%	-0.10%	0.38%	-0.60%
EPS (Basic)	1.07	1.05	2.34	1.89	1.47	1.47
EPS (Diluted)	1.07	1.05	2.34	1.89	1.47	1.47
EPS Growth	-35.70%	-55.13%	23.81%	28.57%	-	-6.37%
Free Cash Flow	375.55	208.48	1,239	702.86	561.29	773.98
Free Cash Flow Per Share	0.87	0.48	2.84	1.61	1.29	1.78
Dividend Per Share	0.500	0.500	2.300	2.000	1.000	1.000
Dividend Growth	-78.26%	-78.26%	15.00%	100.00%	-	-
Gross Margin	55.25%	54.36%	56.50%	53.46%	46.86%	41.01%
Operating Margin	11.78%	10.64%	21.44%	21.99%	18.78%	22.47%
Profit Margin	11.75%	11.04%	20.15%	17.79%	16.00%	17.89%
Free Cash Flow Margin	9.52%	5.03%	24.50%	15.19%	14.01%	21.69%
EBITDA	572.66	550.12	1,191	1,115	827.36	871.85
EBITDA Margin	14.52%	13.26%	23.54%	24.11%	20.66%	24.44%
D&A For EBITDA	108.15	108.69	106.27	97.86	75.1	70.03
EBIT	464.51	441.43	1,085	1,018	752.26	801.82
EBIT Margin	11.78%	10.64%	21.44%	21.99%	18.78%	22.47%
Effective Tax Rate	18.92%	18.40%	18.63%	24.32%	23.56%	26.03%
Revenue as Reported	3,944	4,147	5,060	4,627	4,005	3,568
Advertising Expenses	-	1,185	1,172	919.6	586.43	289.92

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