Ningbo Kangqiang Electronics Co., Ltd (SHE:002119)

SHE:002119 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,960	1,951	1,765	1,690	2,179	1,532
Other Revenue	13.57	13.57	14.43	12.52	15.98	16.75
Revenue	1,974	1,965	1,780	1,703	2,195	1,549
Revenue Growth (YoY)	8.27%	10.38%	4.53%	-22.41%	41.71%	9.19%
Cost of Revenue	1,744	1,745	1,563	1,445	1,783	1,261
Gross Profit	229.4	219.41	216.88	257.6	411.74	287.59
Selling, General & Admin	95.63	90.39	87.6	83.36	90.74	104.32
Research & Development	84.58	80.03	72.95	73.57	80.35	61.57
Other Operating Expenses	-34.62	-27.71	-21.17	3.01	9.38	10.84
Operating Expenses	150.23	149.63	145.27	154.6	185.97	178.89
Operating Income	79.17	69.78	71.61	103	225.78	108.7
Interest Expense	-16.32	-17.21	-18.75	-21.61	-28.88	-32.83
Interest & Investment Income	25.1	19.94	17.61	2.4	0.74	6.45
Currency Exchange Gain (Loss)	3.3	3.3	2.31	14.13	-3.5	-6.78
Other Non Operating Income (Expenses)	-3.46	-0.69	-0.4	-0.41	-0.52	-0.39
EBT Excluding Unusual Items	87.78	75.11	72.37	97.52	193.62	75.15
Gain (Loss) on Sale of Investments	2.61	0.55	-1.66	4.52	-1.82	-5.12
Gain (Loss) on Sale of Assets	-0.91	0.33	1.7	2.62	-3.05	0.37
Asset Writedown	-1.54	-0.57	-0.2	-0.28	-1.68	-
Other Unusual Items	8.11	8.11	8.78	4.43	13.65	22.85
Pretax Income	96.05	83.53	80.99	108.81	200.72	93.25
Income Tax Expense	5.74	0.34	0.42	6.83	19.49	5.32
Earnings From Continuing Operations	90.31	83.19	80.58	101.98	181.24	87.93
Net Income	90.31	83.19	80.58	101.98	181.24	87.93
Net Income to Common	90.31	83.19	80.58	101.98	181.24	87.93
Net Income Growth	12.82%	3.24%	-20.99%	-43.73%	106.11%	-5.03%
Shares Outstanding (Basic)	377	378	384	378	378	382
Shares Outstanding (Diluted)	377	378	384	378	378	382
Shares Change (YoY)	-1.14%	-1.45%	1.59%	0.03%	-1.24%	3.23%
EPS (Basic)	0.24	0.22	0.21	0.27	0.48	0.23
EPS (Diluted)	0.24	0.22	0.21	0.27	0.48	0.23
EPS Growth	14.12%	4.76%	-22.22%	-43.75%	108.70%	-8.00%
Free Cash Flow	93.54	27.64	-21.24	272.92	77.32	113.85
Free Cash Flow Per Share	0.25	0.07	-0.06	0.72	0.20	0.30
Dividend Per Share	0.030	0.030	0.030	0.030	0.050	0.026
Dividend Growth	-	-	-	-40.00%	92.31%	4.00%
Gross Margin	11.62%	11.17%	12.19%	15.13%	18.76%	18.57%
Operating Margin	4.01%	3.55%	4.02%	6.05%	10.29%	7.02%
Profit Margin	4.58%	4.23%	4.53%	5.99%	8.26%	5.68%
Free Cash Flow Margin	4.74%	1.41%	-1.19%	16.03%	3.52%	7.35%
EBITDA	168.69	159.11	160.18	187.21	304.59	181.07
EBITDA Margin	8.55%	8.10%	9.00%	10.99%	13.88%	11.69%
D&A For EBITDA	89.52	89.33	88.57	84.21	78.81	72.37
EBIT	79.17	69.78	71.61	103	225.78	108.7
EBIT Margin	4.01%	3.55%	4.02%	6.05%	10.29%	7.02%
Effective Tax Rate	5.97%	0.40%	0.52%	6.28%	9.71%	5.70%
Revenue as Reported	1,974	1,965	1,780	1,703	2,195	1,549

Source: S&P Global Market Intelligence. Standard template. Financial Sources.