Guangdong Tecsun Science & Technology Co.,Ltd. (SHE:002908)

SHE:002908 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	Dec 31, 2020
Operating Revenue	638.43	657.77	842.54	905.35	742.52	561.19
Other Revenue	-	-	-	0.02	0.11	1.28
Revenue	638.43	657.77	842.54	905.38	742.64	562.47
Revenue Growth (YoY)	-22.34%	-21.93%	-6.94%	21.91%	32.03%	15.24%
Cost of Revenue	371.17	392.5	500.01	504.62	430.06	303.41
Gross Profit	267.27	265.28	342.53	400.76	312.58	259.06
Selling, General & Admin	150.96	152.16	171.66	164.79	140.27	101.2
Research & Development	77	76.89	84.1	83.7	73.04	71.09
Other Operating Expenses	-5.48	-11.48	-9.76	3.43	3.44	-0.26
Operating Expenses	234.59	231.06	256.23	264.32	209.45	186.57
Operating Income	32.67	34.21	86.3	136.43	103.12	72.49
Interest Expense	-0.54	-0.67	-0.74	-1.8	-3.16	-2.63
Interest & Investment Income	4.51	5.63	3.84	2.58	2.47	5.99
Other Non Operating Income (Expenses)	-0.35	-0.52	-0.71	-0.44	-0.27	-0.79
EBT Excluding Unusual Items	36.3	38.65	88.7	136.78	102.16	75.06
Impairment of Goodwill	-9.59	-9.59	-2	-3.76	-	-
Gain (Loss) on Sale of Assets	0.01	0.02	0.1	0.22	1.25	0.1
Asset Writedown	-0.16	-0.19	-0.14	-0.17	-0.91	-
Legal Settlements	0.27	0.27	-	-	-	-
Other Unusual Items	1.93	1.83	2.45	2.42	2.24	2.27
Pretax Income	28.75	30.99	89.11	135.49	104.75	77.43
Income Tax Expense	3.2	3.72	5.13	12.83	11.39	5.34
Earnings From Continuing Operations	25.56	27.27	83.99	122.66	93.36	72.09
Minority Interest in Earnings	-5.53	-6.9	-10.87	-8.9	-1.82	0.07
Net Income	20.02	20.38	73.12	113.77	91.55	72.16
Net Income to Common	20.02	20.38	73.12	113.77	91.55	72.16
Net Income Growth	-68.93%	-72.13%	-35.73%	24.27%	26.86%	-17.69%
Shares Outstanding (Basic)	428	427	430	421	393	393
Shares Outstanding (Diluted)	428	427	430	421	394	393
Shares Change (YoY)	-1.16%	-0.73%	2.21%	6.98%	0.19%	0.10%
EPS (Basic)	0.05	0.05	0.17	0.27	0.23	0.18
EPS (Diluted)	0.05	0.05	0.17	0.27	0.23	0.18
EPS Growth	-68.56%	-71.92%	-37.12%	16.16%	26.62%	-17.77%
Free Cash Flow	47.72	76.87	151.24	62.71	-21.08	-196.58
Free Cash Flow Per Share	0.11	0.18	0.35	0.15	-0.05	-0.50
Dividend Per Share	0.050	0.050	0.050	0.071	0.051	0.051
Dividend Growth	-	-	-29.97%	40.00%	-	-33.33%
Gross Margin	41.86%	40.33%	40.66%	44.26%	42.09%	46.06%
Operating Margin	5.12%	5.20%	10.24%	15.07%	13.89%	12.89%
Profit Margin	3.14%	3.10%	8.68%	12.57%	12.33%	12.83%
Free Cash Flow Margin	7.47%	11.69%	17.95%	6.93%	-2.84%	-34.95%
EBITDA	43.56	44.8	95.67	149.35	114.62	82.87
EBITDA Margin	6.82%	6.81%	11.36%	16.50%	15.43%	14.73%
D&A For EBITDA	10.89	10.58	9.37	12.92	11.5	10.38
EBIT	32.67	34.21	86.3	136.43	103.12	72.49
EBIT Margin	5.12%	5.20%	10.24%	15.07%	13.89%	12.89%
Effective Tax Rate	11.12%	11.99%	5.75%	9.47%	10.87%	6.90%
Revenue as Reported	638.43	657.77	842.54	905.38	742.64	562.47
Advertising Expenses	-	3.33	5.77	5.24	8.35	3.77

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