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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,332	2,007	1,433	1,271	1,386	831.29
Revenue Growth (YoY)	38.31%	40.04%	12.74%	-8.31%	66.77%	9.75%
Cost of Revenue	1,288	1,127	855.05	767.86	837.31	487.73
Gross Profit	1,045	880.1	578.02	503.27	549.06	343.56
Selling, General & Admin	147.05	132.18	114.2	108.96	97.3	87.16
Research & Development	539.86	490.3	403.71	337.12	271.69	183.71
Other Operating Expenses	-25.89	-32.34	-4.2	5.27	3.56	0.85
Operating Expenses	662.61	591.43	514.03	451.46	372.56	271.64
Operating Income	382	288.67	63.99	51.81	176.5	71.92
Interest Expense	-3.6	-0.96	-0.92	-0.77	-0.61	-
Interest & Investment Income	38.65	38.06	39.57	28.06	25.17	33.86
Currency Exchange Gain (Loss)	-1.94	-7.32	-0.61	-4.19	-1.13	-2.19
Other Non Operating Income (Expenses)	-1.18	-0.93	-0.53	-0.31	-0.33	-0.29
EBT Excluding Unusual Items	413.93	317.51	101.5	74.6	199.61	103.31
Gain (Loss) on Sale of Investments	-	-	0.32	1.22	4.51	1.53
Gain (Loss) on Sale of Assets	3.61	-1.01	-0.01	-	-0	-0
Other Unusual Items	33.95	16.47	3.59	10.27	4.22	5.62
Pretax Income	451.5	332.97	105.4	86.09	208.33	110.46
Income Tax Expense	2.16	-6.04	-30.81	-11.24	9.9	6.41
Earnings From Continuing Operations	449.34	339.01	136.2	97.32	198.43	104.05
Minority Interest in Earnings	-0.39	0.32	-	-	-	-
Net Income	448.94	339.32	136.2	97.32	198.43	104.05
Net Income to Common	448.94	339.32	136.2	97.32	198.43	104.05
Net Income Growth	101.07%	149.13%	39.95%	-50.95%	90.70%	-34.35%
Shares Outstanding (Basic)	173	154	157	157	157	157
Shares Outstanding (Diluted)	174	155	158	157	158	157
Shares Change (YoY)	25.98%	-1.90%	0.25%	-0.64%	0.97%	17.10%
EPS (Basic)	2.60	2.21	0.87	0.62	1.26	0.66
EPS (Diluted)	2.59	2.19	0.86	0.62	1.25	0.66
EPS Growth	59.60%	153.95%	39.60%	-50.64%	88.88%	-43.94%
Free Cash Flow	-156.07	122.8	253.24	45.1	-0.45	14.35
Free Cash Flow Per Share	-0.90	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	44.79%	43.85%	40.33%	39.59%	39.60%	41.33%
Operating Margin	16.38%	14.38%	4.46%	4.08%	12.73%	8.65%
Profit Margin	19.25%	16.91%	9.50%	7.66%	14.31%	12.52%
Free Cash Flow Margin	-6.69%	6.12%	17.67%	3.55%	-0.03%	1.73%
EBITDA	409.8	313.45	82.98	67.88	187.67	82.25
EBITDA Margin	17.57%	15.62%	5.79%	5.34%	13.54%	9.89%
D&A For EBITDA	27.8	24.79	18.99	16.07	11.17	10.33
EBIT	382	288.67	63.99	51.81	176.5	71.92
EBIT Margin	16.38%	14.38%	4.46%	4.08%	12.73%	8.65%
Effective Tax Rate	0.48%	-	-	-	4.75%	5.80%
Revenue as Reported	2,332	2,007	1,433	1,271	1,386	831.29
Advertising Expenses	-	1.69	2.44	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.