Espressif Systems (Shanghai) Co., Ltd. (SHA:688018)

SHA:688018 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
Revenue	2,178	2,007	1,433	1,271	1,386	831.29
Revenue Growth (YoY)	44.96%	40.04%	12.74%	-8.31%	66.77%	9.75%
Cost of Revenue	1,218	1,127	855.05	767.86	837.31	487.73
Gross Profit	959.68	880.1	578.02	503.27	549.06	343.56
Selling, General & Admin	139.33	132.18	114.2	108.96	97.3	87.16
Research & Development	512.64	490.3	403.71	337.12	271.69	183.71
Other Operating Expenses	-25.82	-32.34	-4.2	5.27	3.56	0.85
Operating Expenses	627.45	591.43	514.03	451.46	372.56	271.64
Operating Income	332.23	288.67	63.99	51.81	176.5	71.92
Interest Expense	-1.76	-0.96	-0.92	-0.77	-0.61	-
Interest & Investment Income	37.49	38.06	39.57	28.06	25.17	33.86
Currency Exchange Gain (Loss)	-7.32	-7.32	-0.61	-4.19	-1.13	-2.19
Other Non Operating Income (Expenses)	-2.5	-0.93	-0.53	-0.31	-0.33	-0.29
EBT Excluding Unusual Items	358.14	317.51	101.5	74.6	199.61	103.31
Gain (Loss) on Sale of Investments	-0.07	-	0.32	1.22	4.51	1.53
Gain (Loss) on Sale of Assets	-1.02	-1.01	-0.01	-	-0	-0
Other Unusual Items	16.75	16.47	3.59	10.27	4.22	5.62
Pretax Income	373.95	332.97	105.4	86.09	208.33	110.46
Income Tax Expense	-5.58	-6.04	-30.81	-11.24	9.9	6.41
Earnings From Continuing Operations	379.53	339.01	136.2	97.32	198.43	104.05
Minority Interest in Earnings	-0.42	0.32	-	-	-	-
Net Income	379.11	339.32	136.2	97.32	198.43	104.05
Net Income to Common	379.11	339.32	136.2	97.32	198.43	104.05
Net Income Growth	138.39%	149.13%	39.95%	-50.95%	90.70%	-34.35%
Shares Outstanding (Basic)	154	154	157	157	157	157
Shares Outstanding (Diluted)	155	155	158	157	158	157
Shares Change (YoY)	-1.57%	-1.90%	0.25%	-0.64%	0.97%	17.10%
EPS (Basic)	2.47	2.21	0.87	0.62	1.26	0.66
EPS (Diluted)	2.45	2.19	0.86	0.62	1.25	0.66
EPS Growth	142.18%	153.95%	39.60%	-50.64%	88.88%	-43.94%
Free Cash Flow	203.57	122.8	253.24	45.1	-0.45	14.35
Free Cash Flow Per Share	1.32	0.79	1.61	0.29	-0.00	0.09
Dividend Per Share	0.429	0.429	0.510	-	0.816	0.255
Dividend Growth	-15.99%	-15.99%	-	-	219.99%	-42.85%
Gross Margin	44.07%	43.85%	40.33%	39.59%	39.60%	41.33%
Operating Margin	15.26%	14.38%	4.46%	4.08%	12.73%	8.65%
Profit Margin	17.41%	16.91%	9.50%	7.66%	14.31%	12.52%
Free Cash Flow Margin	9.35%	6.12%	17.67%	3.55%	-0.03%	1.73%
EBITDA	358.47	313.45	82.98	67.88	187.67	82.25
EBITDA Margin	16.46%	15.62%	5.79%	5.34%	13.54%	9.89%
D&A For EBITDA	26.24	24.79	18.99	16.07	11.17	10.33
EBIT	332.23	288.67	63.99	51.81	176.5	71.92
EBIT Margin	15.26%	14.38%	4.46%	4.08%	12.73%	8.65%
Effective Tax Rate	-	-	-	-	4.75%	5.80%
Revenue as Reported	2,178	2,007	1,433	1,271	1,386	831.29
Advertising Expenses	-	1.69	2.44	-	-	-

Updated Mar 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.