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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,114	4,131	5,048	4,613	3,995	3,563
Other Revenue	15.81	15.81	11.24	13.92	9.82	4.71
Revenue	4,130	4,147	5,060	4,627	4,005	3,568
Revenue Growth (YoY)	-15.02%	-18.03%	9.35%	15.53%	12.26%	-5.09%
Cost of Revenue	1,892	1,893	2,201	2,153	2,128	2,105
Gross Profit	2,238	2,255	2,859	2,474	1,877	1,463
Selling, General & Admin	1,655	1,668	1,623	1,303	930.94	555.3
Research & Development	97.44	96.42	99.28	88.83	131.94	74.07
Other Operating Expenses	44.16	48.89	52.88	42.61	36.73	30.85
Operating Expenses	1,797	1,813	1,774	1,456	1,125	661.18
Operating Income	441.48	441.43	1,085	1,018	752.26	801.82
Interest Expense	-4.61	-4.82	-1.11	-0.81	-0.3	-
Interest & Investment Income	15.96	16.87	14.55	6.73	13.89	5.5
Currency Exchange Gain (Loss)	0.26	0.26	0.24	1.67	-0.39	-0.23
Other Non Operating Income (Expenses)	0.83	-0.19	-0.13	-0.11	-0.16	-0.2
EBT Excluding Unusual Items	453.92	453.55	1,098	1,025	765.3	806.89
Gain (Loss) on Sale of Investments	21.77	22.69	24.15	12.36	13.44	11.43
Gain (Loss) on Sale of Assets	0.31	0.18	-0.06	-2.83	-0.89	0.47
Asset Writedown	2.34	-0.04	-0.85	-	-	-
Other Unusual Items	84.75	84.75	131.34	52.27	57.22	42.24
Pretax Income	563.09	561.13	1,253	1,087	835.08	861.02
Income Tax Expense	104.34	103.27	233.44	264.31	196.75	224.1
Earnings From Continuing Operations	458.75	457.86	1,020	822.53	638.32	636.92
Minority Interest in Earnings	-	-	-	0.45	2.38	1.36
Net Income	458.75	457.86	1,020	822.98	640.7	638.28
Net Income to Common	458.75	457.86	1,020	822.98	640.7	638.28
Net Income Growth	-47.84%	-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)	-0.77%	0.07%	0.07%	-0.10%	0.38%	-0.60%
EPS (Basic)	1.06	1.05	2.34	1.89	1.47	1.47
EPS (Diluted)	1.06	1.05	2.34	1.89	1.47	1.47
EPS Growth	-47.43%	-55.13%	23.81%	28.57%	-	-6.37%
Free Cash Flow	282.29	208.48	1,239	702.86	561.29	773.98
Free Cash Flow Per Share	0.65	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	54.19%	54.36%	56.50%	53.46%	46.86%	41.01%
Operating Margin	10.69%	10.64%	21.44%	21.99%	18.78%	22.47%
Profit Margin	11.11%	11.04%	20.15%	17.79%	16.00%	17.89%
Free Cash Flow Margin	6.83%	5.03%	24.50%	15.19%	14.01%	21.69%
EBITDA	550.78	550.12	1,191	1,115	827.36	871.85
EBITDA Margin	13.34%	13.26%	23.54%	24.11%	20.66%	24.44%
D&A For EBITDA	109.3	108.69	106.27	97.86	75.1	70.03
EBIT	441.48	441.43	1,085	1,018	752.26	801.82
EBIT Margin	10.69%	10.64%	21.44%	21.99%	18.78%	22.47%
Effective Tax Rate	18.53%	18.40%	18.63%	24.32%	23.56%	26.03%
Revenue as Reported	4,130	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.