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

SHE:002668 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Operating Revenue	18,361	15,015	11,484	10,094	8,326
Other Revenue	-	164.8	179.18	28.46	19.54
Revenue	18,361	15,180	11,663	10,122	8,345
Revenue Growth (YoY)	20.96%	30.15%	15.23%	21.29%	12.89%
Cost of Revenue	14,133	11,655	9,406	8,025	6,464
Gross Profit	4,228	3,525	2,257	2,097	1,882
Selling, General & Admin	1,360	1,252	908	849.21	750.77
Research & Development	642.66	542.05	470.96	357.14	303.56
Other Operating Expenses	49.59	37.56	36.57	50.24	-3.28
Operating Expenses	2,052	1,832	1,416	1,670	1,817
Operating Income	2,176	1,693	841.47	427.48	64.69
Interest Expense	-	-62.31	-107.4	-90.84	-153.54
Interest & Investment Income	62.78	76.17	224.27	372.33	234.75
Currency Exchange Gain (Loss)	-	103.18	117.08	-179.23	-110.65
Other Non Operating Income (Expenses)	55.18	-34.6	-21.69	-44.31	-444.78
EBT Excluding Unusual Items	2,294	1,775	1,054	485.42	-409.53
Gain (Loss) on Sale of Investments	12.02	-10.02	2.88	1.57	5.86
Gain (Loss) on Sale of Assets	0.19	0.02	2.48	0.39	1.48
Asset Writedown	-67.49	-6.94	-1.39	-23.89	-49.81
Legal Settlements	-	-	-	-2.8	-
Other Unusual Items	-	19.56	27.08	46.17	13.85
Pretax Income	2,239	1,778	1,085	506.85	-437.88
Income Tax Expense	298.08	240.56	125.79	121.89	110.1
Earnings From Continuing Operations	1,941	1,538	959.13	384.96	-547.99
Minority Interest in Earnings	-921.4	-751.13	-494.7	-464.87	-439.47
Net Income	1,019	786.59	464.43	-79.91	-987.46
Net Income to Common	1,019	786.59	464.43	-79.91	-987.46
Net Income Growth	29.58%	69.37%	-	-	-
Shares Outstanding (Basic)	1,084	1,078	1,080	1,142	1,085
Shares Outstanding (Diluted)	1,084	1,078	1,080	1,142	1,085
Shares Change (YoY)	0.63%	-0.24%	-5.38%	5.20%	1.82%
EPS (Basic)	0.94	0.73	0.43	-0.07	-0.91
EPS (Diluted)	0.94	0.73	0.43	-0.07	-0.91
EPS Growth	28.77%	69.77%	-	-	-
Free Cash Flow	1,549	2,311	35.69	719.1	1,213
Free Cash Flow Per Share	1.43	2.15	0.03	0.63	1.12
Gross Margin	23.03%	23.22%	19.35%	20.72%	22.55%
Operating Margin	11.85%	11.15%	7.21%	4.22%	0.78%
Profit Margin	5.55%	5.18%	3.98%	-0.79%	-11.83%
Free Cash Flow Margin	8.43%	15.23%	0.31%	7.10%	14.54%
EBITDA	2,474	1,949	1,174	559.6	277.28
EBITDA Margin	13.47%	12.84%	10.07%	5.53%	3.32%
D&A For EBITDA	297.54	256.36	333	132.12	212.59
EBIT	2,176	1,693	841.47	427.48	64.69
EBIT Margin	11.85%	11.15%	7.21%	4.22%	0.78%
Effective Tax Rate	13.31%	13.53%	11.59%	24.05%	-
Revenue as Reported	-	15,180	11,663	10,122	-
Advertising Expenses	-	112.98	97.24	20.41	17.1

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