Gree Electric Appliances, Inc. of Zhuhai (SHE: 000651)

Gree Electric Appliances, Inc. of Zhuhai 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	Jan 1, 2023	Dec 31, 2021	Jan 1, 2021	Jan 1, 2020
Operating Revenue	182,781	174,565	153,166	144,841	130,430	156,892
Other Revenue	21,744	29,414	35,823	43,028	37,771	41,264
Revenue	204,526	203,979	188,988	187,869	168,201	198,157
Revenue Growth (YoY)	5.97%	7.93%	0.60%	11.69%	-15.12%	0.02%
Cost of Revenue	142,265	143,700	140,378	142,695	124,333	143,704
Gross Profit	62,261	60,279	48,610	45,174	43,869	54,453
Selling, General & Admin	23,663	23,677	16,559	15,638	16,652	22,110
Research & Development	6,750	6,762	6,281	6,297	6,053	5,891
Other Operating Expenses	1,632	1,971	1,594	1,051	941.25	1,531
Operating Expenses	33,264	33,258	24,981	23,193	23,692	29,676
Operating Income	28,997	27,021	23,629	21,981	20,177	24,777
Interest Expense	-2,769	-3,089	-2,919	-2,275	-1,393	-1,709
Interest & Investment Income	7,299	7,446	5,896	6,550	6,717	6,050
Currency Exchange Gain (Loss)	-59.04	373	500.02	-99.2	-598.7	366.17
Other Non Operating Income (Expenses)	-46.55	-69.07	-98.02	-125.8	-78.9	-35.15
EBT Excluding Unusual Items	33,423	31,682	27,008	26,030	24,824	29,449
Impairment of Goodwill	-206.86	-206.86	-246.57	-107.05	-124.02	-
Gain (Loss) on Sale of Investments	251.03	437.58	-343.58	-58.13	200.15	1.63
Gain (Loss) on Sale of Assets	379.5	382.92	0.61	6.21	2.95	4.91
Asset Writedown	-239.2	-240.09	-49.84	-16.02	-7.92	-789.49
Other Unusual Items	1,031	759.97	848.4	947.98	1,414	686.36
Pretax Income	34,638	32,816	27,217	26,803	26,309	29,353
Income Tax Expense	5,382	5,097	4,206	3,971	4,030	4,525
Earnings From Continuing Operations	29,257	27,719	23,011	22,832	22,279	24,827
Earnings From Discontinued Operations	-0.07	-	-	-	-	-
Net Income to Company	29,257	27,719	23,011	22,832	22,279	24,827
Minority Interest in Earnings	1,224	1,298	1,495	231.84	-104.13	-130.6
Net Income	30,480	29,017	24,507	23,064	22,175	24,697
Net Income to Common	30,480	29,017	24,507	23,064	22,175	24,697
Net Income Growth	18.54%	18.41%	6.26%	4.01%	-10.21%	-5.75%
Shares Outstanding (Basic)	5,516	5,559	5,532	5,709	5,984	6,009
Shares Outstanding (Diluted)	5,516	5,559	5,532	5,709	5,984	6,009
Shares Change (YoY)	2.52%	0.49%	-3.10%	-4.59%	-0.42%	-0.01%
EPS (Basic)	5.53	5.22	4.43	4.04	3.71	4.11
EPS (Diluted)	5.53	5.22	4.43	4.04	3.71	4.11
EPS Growth	15.63%	17.83%	9.65%	9.02%	-9.83%	-5.73%
Free Cash Flow	25,871	50,973	22,632	-3,833	14,710	23,181
Free Cash Flow Per Share	4.69	9.17	4.09	-0.67	2.46	3.86
Dividend Per Share	2.380	2.380	2.000	3.000	4.000	1.200
Dividend Growth	19.00%	19.00%	-33.33%	-25.00%	233.33%	-42.86%
Gross Margin	30.44%	29.55%	25.72%	24.05%	26.08%	27.48%
Operating Margin	14.18%	13.25%	12.50%	11.70%	12.00%	12.50%
Profit Margin	14.90%	14.23%	12.97%	12.28%	13.18%	12.46%
Free Cash Flow Margin	12.65%	24.99%	11.98%	-2.04%	8.75%	11.70%
EBITDA	33,918	32,202	28,599	25,625	23,765	27,970
EBITDA Margin	16.58%	15.79%	15.13%	13.64%	14.13%	14.12%
D&A For EBITDA	4,920	5,181	4,970	3,644	3,589	3,193
EBIT	28,997	27,021	23,629	21,981	20,177	24,777
EBIT Margin	14.18%	13.25%	12.50%	11.70%	12.00%	12.50%
Effective Tax Rate	15.54%	15.53%	15.45%	14.82%	15.32%	15.42%
Revenue as Reported	205,515	205,018	190,151	189,654	170,497	200,508

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