Hangzhou Hikvision Digital Technology Co., Ltd. (SHE: 002415)

Hangzhou Hikvision Digital 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	92,353	88,736	82,542	80,803	62,879	57,081
Other Revenue	624.86	604.33	624.12	616.89	624.34	577.4
Revenue	92,978	89,340	83,166	81,420	63,503	57,658
Revenue Growth (YoY)	11.38%	7.42%	2.14%	28.21%	10.14%	15.69%
Cost of Revenue	52,158	50,104	48,470	45,764	34,319	31,338
Gross Profit	40,820	39,236	34,696	35,656	29,185	26,320
Selling, General & Admin	14,485	13,621	12,424	10,724	9,179	9,088
Research & Development	11,797	11,384	9,806	8,246	6,368	5,475
Other Operating Expenses	-1,135	-1,337	-1,175	-1,494	-1,324	-1,069
Operating Expenses	25,871	24,408	21,580	18,056	14,330	13,697
Operating Income	14,949	14,827	13,116	17,600	14,855	12,623
Interest Expense	-521.17	-463.96	-317.31	-249.4	-223.39	-263.96
Interest & Investment Income	1,243	1,130	1,140	1,060	892.12	757.57
Currency Exchange Gain (Loss)	-158.42	208.17	425.42	-478.8	-869.07	211.94
Other Non Operating Income (Expenses)	-270.61	-198.1	-92.44	-27.38	-106.53	-47.99
EBT Excluding Unusual Items	15,242	15,504	14,272	17,904	14,548	13,281
Gain (Loss) on Sale of Investments	-77.68	22.68	-155.57	-38.2	85.46	15.32
Gain (Loss) on Sale of Assets	-19.58	-10.51	-18.62	26.07	-5.84	-2.05
Asset Writedown	-	-	-42.03	-	-	-
Other Unusual Items	1,009	582.99	798.72	576.31	645.69	461.24
Pretax Income	16,154	16,099	14,855	18,468	15,273	13,755
Income Tax Expense	1,114	943.24	1,297	957.49	1,595	1,290
Earnings From Continuing Operations	15,040	15,156	13,558	17,511	13,678	12,465
Minority Interest in Earnings	-1,048	-1,048	-720.43	-710.31	-292.79	-50.6
Net Income	13,992	14,108	12,838	16,800	13,386	12,415
Net Income to Common	13,992	14,108	12,838	16,800	13,386	12,415
Net Income Growth	9.01%	9.89%	-23.59%	25.51%	7.82%	9.36%
Shares Outstanding (Basic)	9,446	9,281	9,371	9,282	9,263	9,244
Shares Outstanding (Diluted)	9,446	9,281	9,371	9,303	9,270	9,244
Shares Change (YoY)	-2.64%	-0.95%	0.73%	0.35%	0.28%	0.48%
EPS (Basic)	1.48	1.52	1.37	1.81	1.45	1.34
EPS (Diluted)	1.48	1.52	1.37	1.81	1.44	1.34
EPS Growth	11.96%	10.95%	-24.14%	25.07%	7.52%	8.83%
Free Cash Flow	11,452	12,575	6,408	9,610	14,085	5,840
Free Cash Flow Per Share	1.21	1.35	0.68	1.03	1.52	0.63
Dividend Per Share	0.900	0.900	0.700	0.900	0.800	0.700
Dividend Growth	28.57%	28.57%	-22.22%	12.50%	14.29%	16.67%
Gross Margin	43.90%	43.92%	41.72%	43.79%	45.96%	45.65%
Operating Margin	16.08%	16.60%	15.77%	21.62%	23.39%	21.89%
Profit Margin	15.05%	15.79%	15.44%	20.63%	21.08%	21.53%
Free Cash Flow Margin	12.32%	14.08%	7.71%	11.80%	22.18%	10.13%
EBITDA	16,431	16,200	14,124	18,426	15,655	13,298
EBITDA Margin	17.67%	18.13%	16.98%	22.63%	24.65%	23.06%
D&A For EBITDA	1,481	1,373	1,008	825.74	800.65	674.79
EBIT	14,949	14,827	13,116	17,600	14,855	12,623
EBIT Margin	16.08%	16.60%	15.77%	21.62%	23.39%	21.89%
Effective Tax Rate	6.90%	5.86%	8.73%	5.18%	10.44%	9.38%

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