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

Espressif Systems (Shanghai) 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,866	1,433	1,271	1,386	831.29	757.43
Revenue Growth (YoY)	38.36%	12.74%	-8.31%	66.77%	9.75%	59.49%
Cost of Revenue	1,082	855.05	767.86	837.31	487.73	408.62
Gross Profit	784.47	578.02	503.27	549.06	343.56	348.81
Selling, General & Admin	126.23	114.2	108.96	97.3	87.16	81.9
Research & Development	458.21	403.71	337.12	271.69	183.71	119.75
Other Operating Expenses	-37.42	6.1	5.27	3.56	0.85	-6.6
Operating Expenses	547.32	524.32	451.46	372.56	271.64	195.17
Operating Income	237.15	53.69	51.81	176.5	71.92	153.64
Interest Expense	-0.82	-0.92	-0.77	-0.61	-	-
Interest & Investment Income	39.4	39.57	28.06	25.17	33.86	14.44
Currency Exchange Gain (Loss)	-0.61	-0.61	-4.19	-1.13	-2.19	-4.94
Other Non Operating Income (Expenses)	-2.94	-0.53	-0.31	-0.33	-0.29	2.9
EBT Excluding Unusual Items	272.18	91.2	74.6	199.61	103.31	166.05
Gain (Loss) on Sale of Investments	0.17	0.32	1.22	4.51	1.53	6.02
Gain (Loss) on Sale of Assets	-4.46	-0.01	-	-0	-0	-0
Other Unusual Items	13.77	13.89	10.27	4.22	5.62	-
Pretax Income	284.64	105.4	86.09	208.33	110.46	172.06
Income Tax Expense	-16.29	-30.81	-11.24	9.9	6.41	13.56
Net Income	300.15	136.2	97.32	198.43	104.05	158.51
Net Income to Common	300.15	136.2	97.32	198.43	104.05	158.51
Net Income Growth	198.23%	39.95%	-50.95%	90.70%	-34.35%	68.83%
Shares Outstanding (Basic)	97	112	112	112	112	96
Shares Outstanding (Diluted)	98	113	112	113	112	96
Shares Change (YoY)	-12.79%	0.25%	-0.64%	0.96%	17.10%	13.87%
EPS (Basic)	3.09	1.22	0.87	1.77	0.93	1.66
EPS (Diluted)	3.07	1.21	0.87	1.75	0.93	1.66
EPS Growth	241.98%	39.60%	-50.64%	88.88%	-43.94%	48.27%
Free Cash Flow	120.29	253.24	45.1	-0.45	14.35	81.39
Free Cash Flow Per Share	1.23	2.25	0.40	-0.00	0.13	0.85
Dividend Per Share	0.714	0.714	-	1.143	0.357	0.625
Dividend Growth	-	-	-	220.05%	-42.86%	-
Gross Margin	42.04%	40.33%	39.59%	39.60%	41.33%	46.05%
Operating Margin	12.71%	3.75%	4.08%	12.73%	8.65%	20.28%
Profit Margin	16.08%	9.50%	7.66%	14.31%	12.52%	20.93%
Free Cash Flow Margin	6.45%	17.67%	3.55%	-0.03%	1.73%	10.75%
EBITDA	258.34	72.69	67.88	187.67	82.25	160.22
EBITDA Margin	13.84%	5.07%	5.34%	13.54%	9.89%	21.15%
D&A For EBITDA	21.19	18.99	16.07	11.17	10.33	6.58
EBIT	237.15	53.69	51.81	176.5	71.92	153.64
EBIT Margin	12.71%	3.75%	4.08%	12.73%	8.65%	20.28%
Effective Tax Rate	-	-	-	4.75%	5.80%	7.88%
Revenue as Reported	1,866	1,433	1,271	1,386	831.29	757.43

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