Hefei Meyer Optoelectronic Technology Inc. (SHE: 002690)

Hefei Meyer Optoelectronic 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	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,355	2,389	2,050	1,789	1,478	1,486
Other Revenue	33.62	36.32	67.42	24.03	17.69	14.95
Revenue	2,388	2,425	2,117	1,813	1,496	1,501
Revenue Growth (YoY)	9.54%	14.55%	16.79%	21.18%	-0.32%	21.06%
Cost of Revenue	1,175	1,178	995.82	889.8	720.86	668.43
Gross Profit	1,213	1,247	1,121	923.08	775.11	832.35
Selling, General & Admin	411.78	384.36	332.91	292.01	233.78	252.44
Research & Development	158.73	148.69	122.57	123.43	104.31	91.95
Other Operating Expenses	-46.7	-54.77	-51.72	-49.59	-38.98	-45.04
Operating Expenses	540.28	494.38	411.81	364.25	305.19	309.03
Operating Income	672.68	753.12	709.63	558.83	469.92	523.32
Interest Expense	-	-	-	-	-	-0.08
Interest & Investment Income	41.56	43.47	29.61	30.75	47.47	64.11
Currency Exchange Gain (Loss)	-4.87	8.38	79.38	-14.77	-27.08	2.89
Other Non Operating Income (Expenses)	-0.49	-1.27	-1.12	-1.8	-1.4	-0.87
EBT Excluding Unusual Items	708.87	803.69	817.5	573.01	488.91	589.36
Gain (Loss) on Sale of Investments	-	0.08	-0.59	1.07	-	-
Asset Writedown	-0.01	0.01	-7.02	-0.47	-0.02	-0.02
Other Unusual Items	65.19	57.2	28.2	7.87	15.79	40.93
Pretax Income	774.05	860.98	838.08	581.48	504.68	630.28
Income Tax Expense	103.58	116.15	107.97	70.39	66.49	85.72
Earnings From Continuing Operations	670.46	744.83	730.11	511.09	438.19	544.56
Net Income	670.46	744.83	730.11	511.09	438.19	544.56
Net Income to Common	670.46	744.83	730.11	511.09	438.19	544.56
Net Income Growth	-10.86%	2.02%	42.85%	16.64%	-19.53%	21.58%
Shares Outstanding (Basic)	880	881	881	879	879	879
Shares Outstanding (Diluted)	880	881	881	879	879	879
Shares Change (YoY)	-0.27%	-0.05%	0.25%	-0.01%	0.01%	-0.02%
EPS (Basic)	0.76	0.85	0.83	0.58	0.50	0.62
EPS (Diluted)	0.76	0.85	0.83	0.58	0.50	0.62
EPS Growth	-10.62%	2.06%	42.50%	16.65%	-19.54%	21.61%
Free Cash Flow	623.83	641.69	240.1	477.16	323	411.81
Free Cash Flow Per Share	0.71	0.73	0.27	0.54	0.37	0.47
Dividend Per Share	0.700	0.700	0.700	0.615	0.615	0.615
Dividend Growth	0%	0%	13.75%	0%	0%	14.28%
Gross Margin	50.79%	51.43%	52.97%	50.92%	51.81%	55.46%
Operating Margin	28.17%	31.05%	33.52%	30.83%	31.41%	34.87%
Profit Margin	28.07%	30.71%	34.48%	28.19%	29.29%	36.29%
Free Cash Flow Margin	26.12%	26.46%	11.34%	26.32%	21.59%	27.44%
EBITDA	704.95	785.43	738.52	583.62	486.7	538.81
EBITDA Margin	29.52%	32.38%	34.88%	32.19%	32.53%	35.90%
D&A For EBITDA	32.27	32.32	28.9	24.78	16.77	15.49
EBIT	672.68	753.12	709.63	558.83	469.92	523.32
EBIT Margin	28.17%	31.05%	33.52%	30.83%	31.41%	34.87%
Effective Tax Rate	13.38%	13.49%	12.88%	12.10%	13.18%	13.60%
Revenue as Reported	2,388	2,425	2,117	1,813	1,496	1,501
Advertising Expenses	-	7.65	2.55	3.62	3.95	5.97

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