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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,085	2,176	1,485	1,765	1,061	648.84
Other Revenue	0.56	0.56	-	-	-	-
Revenue	3,085	2,176	1,485	1,765	1,061	648.84
Revenue Growth (YoY)	64.16%	46.57%	-15.89%	66.36%	63.55%	96.65%
Cost of Revenue	2,119	1,500	960.19	1,111	643.36	406.6
Gross Profit	966.02	675.97	524.61	653.95	417.81	242.24
Selling, General & Admin	125.18	122.71	122.14	87.85	60.97	54.06
Research & Development	656.68	549.92	439.78	289.19	172.64	132.36
Other Operating Expenses	15.54	6.71	0.83	1.28	1.84	0.45
Operating Expenses	798.91	680.75	562.17	380.68	236.18	186.73
Operating Income	167.11	-4.78	-37.57	273.27	181.63	55.52
Interest Expense	-1.28	-1.09	-2.38	-0.92	-0.06	-
Interest & Investment Income	114	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)	-28.53	-0.06	-0.17	-0.24	-0.13	-0.12
EBT Excluding Unusual Items	265.87	114.13	104.55	389.13	176.17	58.61
Impairment of Goodwill	-10.56	-10.56	-	-	-	-
Gain (Loss) on Sale of Investments	-8.54	-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	25.18	-	-	-	-	-0.01
Other Unusual Items	23.33	23.19	24.22	6.64	23.22	10.04
Pretax Income	295.26	124.38	124.09	409.84	199.9	68.64
Income Tax Expense	0.31	0.75	1.67	2.13	1.51	1.26
Net Income	294.95	123.63	122.42	407.72	198.39	67.38
Net Income to Common	294.95	123.63	122.42	407.72	198.39	67.38
Net Income Growth	227.59%	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)	0.63%	0.37%	0.10%	33.52%	11.36%	23.44%
EPS (Basic)	2.47	1.03	1.02	3.40	2.20	0.83
EPS (Diluted)	2.43	1.02	1.02	3.39	2.20	0.83
EPS Growth	225.55%	0.61%	-70.00%	53.92%	164.40%	2987.78%
Free Cash Flow	294.51	276	-507.42	-182.34	254.47	26.72
Free Cash Flow Per Share	2.43	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	31.31%	31.06%	35.33%	37.04%	39.37%	37.33%
Operating Margin	5.42%	-0.22%	-2.53%	15.48%	17.12%	8.56%
Profit Margin	9.56%	5.68%	8.24%	23.10%	18.70%	10.38%
Free Cash Flow Margin	9.55%	12.68%	-34.17%	-10.33%	23.98%	4.12%
EBITDA	179.39	24.71	14.87	303.09	199.36	58.05
EBITDA Margin	5.81%	1.14%	1.00%	17.17%	18.79%	8.95%
D&A For EBITDA	12.29	29.49	52.43	29.82	17.74	2.54
EBIT	167.11	-4.78	-37.57	273.27	181.63	55.52
EBIT Margin	5.42%	-0.22%	-2.53%	15.48%	17.12%	8.56%
Effective Tax Rate	0.11%	0.60%	1.35%	0.52%	0.76%	1.84%
Revenue as Reported	3,085	2,176	1,485	1,765	1,061	648.84

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