Ningbo Deye Technology Group Co., Ltd. (SHA: 605117)

Ningbo Deye Technology Group 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	7,293	7,450	5,931	4,141	3,001	2,555
Other Revenue	41.01	29.34	24.07	27.2	22.39	15.17
Revenue	7,334	7,480	5,956	4,168	3,024	2,570
Revenue Growth (YoY)	-13.47%	25.59%	42.89%	37.85%	17.65%	52.02%
Cost of Revenue	4,622	4,507	3,699	3,216	2,341	2,030
Gross Profit	2,712	2,973	2,257	951.68	682.73	540.5
Selling, General & Admin	507.08	513.96	303.99	184.16	125.87	154.24
Research & Development	407.87	436.4	287.24	133.2	101.7	86.8
Other Operating Expenses	94.68	59.62	23.43	11.54	10.92	3.24
Operating Expenses	1,039	1,015	633.6	336.69	247.57	249.64
Operating Income	1,673	1,957	1,623	614.99	435.16	290.87
Interest Expense	-65.29	-72.66	-29.48	-1.52	-8.17	-4.23
Interest & Investment Income	253.94	192.41	60.79	30.58	15.33	4.66
Currency Exchange Gain (Loss)	-30.92	97.36	123.06	-20.69	-18.91	1.15
Other Non Operating Income (Expenses)	-10.22	-6.48	-2.54	-2.27	-2.7	2.73
EBT Excluding Unusual Items	1,820	2,168	1,775	621.08	420.72	295.17
Gain (Loss) on Sale of Investments	116.85	-118.1	-44.17	25.35	0.07	-
Gain (Loss) on Sale of Assets	-0.72	-2.44	0.88	0.12	-0.58	-0.05
Other Unusual Items	98.22	49.1	22.62	10.95	16.35	-0.04
Pretax Income	2,035	2,096	1,754	657.5	436.55	295.09
Income Tax Expense	271.53	305.31	230.68	78.94	54.11	35.37
Earnings From Continuing Operations	1,763	1,791	1,523	578.56	382.45	259.71
Minority Interest in Earnings	-	-	-6.06	-	-	-
Net Income	1,763	1,791	1,517	578.56	382.45	259.71
Net Income to Common	1,763	1,791	1,517	578.56	382.45	259.71
Net Income Growth	-24.35%	18.03%	162.27%	51.28%	47.26%	154.57%
Shares Outstanding (Basic)	602	601	602	552	451	452
Shares Outstanding (Diluted)	602	601	604	552	451	452
Shares Change (YoY)	0.01%	-0.37%	9.28%	22.38%	-0.07%	0.39%
EPS (Basic)	2.93	2.98	2.52	1.05	0.85	0.58
EPS (Diluted)	2.93	2.98	2.51	1.05	0.85	0.58
EPS Growth	-24.36%	18.47%	140.01%	23.61%	47.36%	153.58%
Free Cash Flow	1,023	1,332	1,394	194.66	369.99	323.67
Free Cash Flow Per Share	1.70	2.22	2.31	0.35	0.82	0.72
Dividend Per Share	1.500	1.500	0.897	0.340	-	0.142
Dividend Growth	67.26%	67.26%	163.69%	-	-	-
Gross Margin	36.98%	39.74%	37.89%	22.83%	22.58%	21.03%
Operating Margin	22.81%	26.17%	27.25%	14.76%	14.39%	11.32%
Profit Margin	24.04%	23.94%	25.48%	13.88%	12.65%	10.11%
Free Cash Flow Margin	13.94%	17.81%	23.42%	4.67%	12.24%	12.59%
EBITDA	1,806	2,063	1,679	651.36	465.15	318.79
EBITDA Margin	24.62%	27.58%	28.20%	15.63%	15.38%	12.40%
D&A For EBITDA	132.83	105.61	56.22	36.38	29.99	27.93
EBIT	1,673	1,957	1,623	614.99	435.16	290.87
EBIT Margin	22.81%	26.17%	27.25%	14.76%	14.39%	11.32%
Effective Tax Rate	13.35%	14.56%	13.15%	12.01%	12.39%	11.99%
Revenue as Reported	7,334	7,480	5,956	4,168	3,024	2,570
Advertising Expenses	-	85.53	70.74	47.46	33.03	30.09

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