Bestechnic (Shanghai) Co., Ltd. (SHA: 688608)

Bestechnic (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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,797	2,176	1,485	1,765	1,061	648.84
Other Revenue	0.56	0.56	-	-	-	-
Revenue	2,798	2,176	1,485	1,765	1,061	648.84
Revenue Growth (YoY)	63.84%	46.57%	-15.89%	66.36%	63.55%	96.65%
Cost of Revenue	1,933	1,500	960.19	1,111	643.36	406.6
Gross Profit	864.77	675.97	524.61	653.95	417.81	242.24
Selling, General & Admin	129.63	122.71	122.14	87.85	60.97	54.06
Research & Development	636.39	549.92	439.78	289.19	172.64	132.36
Other Operating Expenses	15.62	6.71	0.83	1.28	1.84	0.45
Operating Expenses	783.05	680.75	562.17	380.68	236.18	186.73
Operating Income	81.71	-4.78	-37.57	273.27	181.63	55.52
Interest Expense	-1.09	-1.09	-2.38	-0.92	-0.06	-
Interest & Investment Income	98.83	105.5	116.73	127.83	9.28	3.69
Currency Exchange Gain (Loss)	14.57	14.57	27.94	-10.81	-14.54	-0.48
Other Non Operating Income (Expenses)	0.47	-0.06	-0.17	-0.24	-0.13	-0.12
EBT Excluding Unusual Items	194.5	114.13	104.55	389.13	176.17	58.61
Impairment of Goodwill	-10.56	-10.56	-	-	-	-
Gain (Loss) on Sale of Investments	-2.62	-2.37	-4.68	14.07	0.46	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	-	0.01	0.05	-0
Asset Writedown	18.74	-	-	-	-	-0.01
Other Unusual Items	23.19	23.19	24.22	6.64	23.22	10.04
Pretax Income	223.23	124.38	124.09	409.84	199.9	68.64
Income Tax Expense	1.22	0.75	1.67	2.13	1.51	1.26
Net Income	222.01	123.63	122.42	407.72	198.39	67.38
Net Income to Common	222.01	123.63	122.42	407.72	198.39	67.38
Net Income Growth	145.09%	0.99%	-69.97%	105.51%	194.44%	3705.76%
Shares Outstanding (Basic)	120	120	120	120	90	81
Shares Outstanding (Diluted)	121	121	120	120	90	81
Shares Change (YoY)	0.74%	0.37%	0.10%	33.52%	11.36%	23.44%
EPS (Basic)	1.86	1.03	1.02	3.40	2.20	0.83
EPS (Diluted)	1.83	1.02	1.02	3.39	2.20	0.83
EPS Growth	143.29%	0.61%	-70.00%	53.92%	164.40%	2987.78%
Free Cash Flow	302.45	276	-507.42	-182.34	254.47	26.72
Free Cash Flow Per Share	2.49	2.29	-4.22	-1.52	2.83	0.33
Dividend Per Share	0.160	0.160	-	0.340	0.168	-
Dividend Growth	-	-	-	102.38%	-	-
Gross Margin	30.91%	31.06%	35.33%	37.04%	39.37%	37.33%
Operating Margin	2.92%	-0.22%	-2.53%	15.48%	17.12%	8.56%
Profit Margin	7.94%	5.68%	8.24%	23.10%	18.70%	10.38%
Free Cash Flow Margin	10.81%	12.68%	-34.17%	-10.33%	23.98%	4.12%
EBITDA	115.25	24.71	14.87	303.09	199.36	58.05
EBITDA Margin	4.12%	1.14%	1.00%	17.17%	18.79%	8.95%
D&A For EBITDA	33.54	29.49	52.43	29.82	17.74	2.54
EBIT	81.71	-4.78	-37.57	273.27	181.63	55.52
EBIT Margin	2.92%	-0.22%	-2.53%	15.48%	17.12%	8.56%
Effective Tax Rate	0.55%	0.60%	1.35%	0.52%	0.76%	1.84%
Revenue as Reported	2,176	2,176	1,485	1,765	1,061	648.84

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