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

Guangdong TCL Smart Home Appliances 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	Jan 1, 2021	Dec 31, 2019
Operating Revenue	17,618	15,015	11,484	10,094	8,326	7,379
Other Revenue	164.8	164.8	179.18	28.46	19.54	13.99
Revenue	17,783	15,180	11,663	10,122	8,345	7,393
Revenue Growth (YoY)	4.13%	30.15%	15.23%	21.29%	12.89%	-5.26%
Cost of Revenue	13,586	11,655	9,406	8,025	6,464	5,559
Gross Profit	4,197	3,525	2,257	2,097	1,882	1,833
Selling, General & Admin	1,492	1,252	908	849.21	750.77	964.22
Research & Development	656.49	542.05	470.96	357.14	303.56	251.23
Other Operating Expenses	71.06	37.56	36.57	50.24	-3.28	32.39
Operating Expenses	2,225	1,832	1,416	1,670	1,817	1,312
Operating Income	1,972	1,693	841.47	427.48	64.69	521.45
Interest Expense	-51.81	-62.31	-107.4	-90.84	-153.54	-242.86
Interest & Investment Income	124.38	76.17	224.27	372.33	234.75	17.13
Currency Exchange Gain (Loss)	103.18	103.18	117.08	-179.23	-110.65	62.45
Other Non Operating Income (Expenses)	-93.57	-34.6	-21.69	-44.31	-444.78	-34.73
EBT Excluding Unusual Items	2,054	1,775	1,054	485.42	-409.53	323.44
Gain (Loss) on Sale of Investments	33.21	-10.02	2.88	1.57	5.86	-173.7
Gain (Loss) on Sale of Assets	-0.06	0.02	2.48	0.39	1.48	0.24
Asset Writedown	1.31	-6.94	-1.39	-23.89	-49.81	-29.99
Legal Settlements	-	-	-	-2.8	-	-
Other Unusual Items	12.91	19.56	27.08	46.17	13.85	17.64
Pretax Income	2,102	1,778	1,085	506.85	-437.88	154.36
Income Tax Expense	255.26	240.56	125.79	121.89	110.1	112.17
Earnings From Continuing Operations	1,846	1,538	959.13	384.96	-547.99	42.2
Minority Interest in Earnings	-871.45	-751.13	-494.7	-464.87	-439.47	11.09
Net Income	974.83	786.59	464.43	-79.91	-987.46	53.29
Net Income to Common	974.83	786.59	464.43	-79.91	-987.46	53.29
Net Income Growth	26.09%	69.37%	-	-	-	-
Shares Outstanding (Basic)	1,078	1,078	1,080	1,142	1,085	1,066
Shares Outstanding (Diluted)	1,078	1,078	1,080	1,142	1,085	1,066
Shares Change (YoY)	-0.22%	-0.24%	-5.38%	5.20%	1.82%	-1.41%
EPS (Basic)	0.90	0.73	0.43	-0.07	-0.91	0.05
EPS (Diluted)	0.90	0.73	0.43	-0.07	-0.91	0.05
EPS Growth	26.37%	69.77%	-	-	-	-
Free Cash Flow	1,419	2,311	35.69	719.1	1,213	1,051
Free Cash Flow Per Share	1.32	2.15	0.03	0.63	1.12	0.99
Gross Margin	23.60%	23.22%	19.35%	20.72%	22.55%	24.80%
Operating Margin	11.09%	11.15%	7.21%	4.22%	0.78%	7.05%
Profit Margin	5.48%	5.18%	3.98%	-0.79%	-11.83%	0.72%
Free Cash Flow Margin	7.98%	15.23%	0.31%	7.10%	14.54%	14.22%
EBITDA	2,171	1,949	1,174	559.6	277.28	768.66
EBITDA Margin	12.21%	12.84%	10.07%	5.53%	3.32%	10.40%
D&A For EBITDA	198.87	256.36	333	132.12	212.59	247.21
EBIT	1,972	1,693	841.47	427.48	64.69	521.45
EBIT Margin	11.09%	11.15%	7.21%	4.22%	0.78%	7.05%
Effective Tax Rate	12.15%	13.53%	11.59%	24.05%	-	72.66%
Revenue as Reported	17,783	15,180	11,663	10,122	-	7,393
Advertising Expenses	-	112.98	97.24	20.41	17.1	51.04

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