Guangdong TCL Smart Home Appliances Co., Ltd. (SHE:002668)

SHE:002668 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	Jan 1, 2022	Jan 1, 2021
Operating Revenue	18,616	18,214	15,015	11,484	10,094	8,326
Other Revenue	146.89	146.89	164.8	179.18	28.46	19.54
Revenue	18,763	18,361	15,180	11,663	10,122	8,345
Revenue Growth (YoY)	17.21%	20.96%	30.15%	15.22%	21.29%	12.89%
Cost of Revenue	14,414	14,209	11,700	9,406	8,025	6,464
Gross Profit	4,349	4,152	3,479	2,257	2,097	1,882
Selling, General & Admin	1,376	1,351	1,207	908	849.21	750.77
Research & Development	668.57	642.66	542.05	470.96	357.14	303.56
Other Operating Expenses	75.17	73.34	37.56	36.57	50.24	-3.28
Operating Expenses	2,217	2,160	1,807	1,416	1,670	1,817
Operating Income	2,131	1,992	1,673	841.47	427.48	64.69
Interest Expense	-42.57	-48.4	-62.31	-107.4	-90.84	-153.54
Interest & Investment Income	132.37	145.2	76.17	224.27	372.33	234.75
Currency Exchange Gain (Loss)	140.66	140.66	103.18	117.08	-179.23	-110.65
Other Non Operating Income (Expenses)	2.58	-20.1	-16.35	-21.69	-44.31	-444.78
EBT Excluding Unusual Items	2,364	2,210	1,773	1,054	485.42	-409.53
Gain (Loss) on Sale of Investments	12.12	12.02	-10.02	2.88	1.57	5.86
Gain (Loss) on Sale of Assets	0.26	0.19	0.02	2.48	0.39	1.48
Asset Writedown	-5.85	-5.85	-6.94	-1.39	-23.89	-49.81
Legal Settlements	-	-	-	-	-2.8	-
Other Unusual Items	22.39	22.39	21.74	27.08	46.17	13.85
Pretax Income	2,394	2,239	1,778	1,085	506.85	-437.88
Income Tax Expense	322.6	298.08	240.56	125.79	121.89	110.1
Earnings From Continuing Operations	2,071	1,941	1,538	959.13	384.96	-547.99
Minority Interest in Earnings	-975.18	-921.4	-751.13	-494.7	-464.87	-439.47
Net Income	1,096	1,019	786.59	464.43	-79.91	-987.46
Net Income to Common	1,096	1,019	786.59	464.43	-79.91	-987.46
Net Income Growth	31.13%	29.58%	69.37%	-	-	-
Shares Outstanding (Basic)	1,086	1,084	1,078	1,080	1,142	1,085
Shares Outstanding (Diluted)	1,086	1,084	1,078	1,080	1,142	1,085
Shares Change (YoY)	1.01%	0.63%	-0.24%	-5.38%	5.20%	1.82%
EPS (Basic)	1.01	0.94	0.73	0.43	-0.07	-0.91
EPS (Diluted)	1.01	0.94	0.73	0.43	-0.07	-0.91
EPS Growth	29.82%	28.77%	69.77%	-	-	-
Free Cash Flow	1,698	1,549	2,311	35.69	719.1	1,213
Free Cash Flow Per Share	1.56	1.43	2.15	0.03	0.63	1.12
Gross Margin	23.18%	22.61%	22.92%	19.35%	20.72%	22.55%
Operating Margin	11.36%	10.85%	11.02%	7.22%	4.22%	0.78%
Profit Margin	5.84%	5.55%	5.18%	3.98%	-0.79%	-11.83%
Free Cash Flow Margin	9.05%	8.43%	15.23%	0.31%	7.10%	14.54%
EBITDA	2,435	2,287	1,931	1,174	559.6	277.28
EBITDA Margin	12.98%	12.46%	12.72%	10.07%	5.53%	3.32%
D&A For EBITDA	303.92	294.91	258.87	333	132.12	212.59
EBIT	2,131	1,992	1,673	841.47	427.48	64.69
EBIT Margin	11.36%	10.85%	11.02%	7.22%	4.22%	0.78%
Effective Tax Rate	13.48%	13.31%	13.53%	11.59%	24.05%	-
Revenue as Reported	18,763	18,361	15,180	11,663	10,122	-
Advertising Expenses	-	113.61	112.98	97.24	20.41	17.1

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