Focus Technology Co., Ltd. (SHE: 002315)

Focus Technology 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,606	1,519	1,463	1,454	1,130	978.01
Other Revenue	7.77	7.23	11.64	20.69	28.82	31.83
Revenue	1,614	1,527	1,475	1,475	1,159	1,010
Revenue Growth (YoY)	8.52%	3.51%	0.00%	27.30%	14.73%	12.18%
Cost of Revenue	323.02	323.63	294.39	353.75	273.53	247.06
Gross Profit	1,291	1,203	1,180	1,121	885.03	762.78
Selling, General & Admin	750.09	722.33	713.49	719.58	591.61	534.45
Research & Development	149.88	152.35	177.56	176.49	135.78	120.39
Other Operating Expenses	16.04	11.14	10.78	11.12	6.09	3.41
Operating Expenses	914.61	885.87	906.46	909.11	733.05	679.38
Operating Income	376.43	317.07	274	211.99	151.98	83.41
Interest Expense	-1.47	-1.72	-2.04	-2.24	-1.84	-0.93
Interest & Investment Income	78.43	71.78	35.95	48.78	25.27	7.73
Currency Exchange Gain (Loss)	0.71	0.71	3.73	-0.34	-1.59	0.33
Other Non Operating Income (Expenses)	-5.23	-6.05	-4.8	-3.98	-3.04	-2.79
EBT Excluding Unusual Items	448.88	381.78	306.85	254.21	170.78	87.74
Impairment of Goodwill	-	-	-	-	-	-18.43
Gain (Loss) on Sale of Investments	1.52	0.05	5.73	6.7	-7.85	78.76
Gain (Loss) on Sale of Assets	0.05	0.07	-0.17	-0.1	0.01	6.12
Asset Writedown	0.1	-	-	-	-	-
Other Unusual Items	18.08	13.31	16.79	13.4	28.95	19.84
Pretax Income	468.62	395.2	329.2	274.21	191.89	174.02
Income Tax Expense	29.84	12.73	29.03	26.25	20.83	25.14
Earnings From Continuing Operations	438.78	382.47	300.18	247.96	171.06	148.89
Minority Interest in Earnings	0.13	-3.6	0.22	-2.93	2.31	2.03
Net Income	438.91	378.86	300.4	245.03	173.38	150.92
Net Income to Common	438.91	378.86	300.4	245.03	173.38	150.92
Net Income Growth	22.14%	26.12%	22.60%	41.33%	14.88%	168.03%
Shares Outstanding (Basic)	316	312	307	306	304	308
Shares Outstanding (Diluted)	316	313	307	306	304	308
Shares Change (YoY)	1.85%	1.74%	0.34%	0.69%	-1.24%	0.98%
EPS (Basic)	1.39	1.21	0.98	0.80	0.57	0.49
EPS (Diluted)	1.39	1.21	0.98	0.80	0.57	0.49
EPS Growth	19.92%	23.97%	22.19%	40.35%	16.33%	165.44%
Free Cash Flow	677.21	565.72	439.89	430.82	418.07	-5.91
Free Cash Flow Per Share	2.14	1.81	1.43	1.41	1.37	-0.02
Dividend Per Share	1.550	1.000	0.900	0.800	0.500	0.577
Dividend Growth	72.22%	11.11%	12.50%	60.00%	-13.33%	50.00%
Gross Margin	79.99%	78.80%	80.04%	76.01%	76.39%	75.53%
Operating Margin	23.32%	20.77%	18.58%	14.37%	13.12%	8.26%
Profit Margin	27.19%	24.82%	20.37%	16.61%	14.96%	14.94%
Free Cash Flow Margin	41.96%	37.06%	29.83%	29.21%	36.09%	-0.59%
EBITDA	426.95	372.38	335.7	274.66	193.64	127.18
EBITDA Margin	26.45%	24.39%	22.76%	18.62%	16.71%	12.59%
D&A For EBITDA	50.52	55.31	61.69	62.67	41.66	43.77
EBIT	376.43	317.07	274	211.99	151.98	83.41
EBIT Margin	23.32%	20.77%	18.58%	14.37%	13.12%	8.26%
Effective Tax Rate	6.37%	3.22%	8.82%	9.57%	10.86%	14.45%
Revenue as Reported	1,614	1,527	1,475	1,475	1,159	1,010
Advertising Expenses	-	45.81	33.95	49.22	20.58	29.08

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