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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	616.42	657.77	842.54	905.35	742.52	561.19
Other Revenue	-	-	-	0.02	0.11	1.28
Revenue	616.42	657.77	842.54	905.38	742.64	562.47
Revenue Growth (YoY)	-16.98%	-21.93%	-6.94%	21.91%	32.03%	15.24%
Cost of Revenue	358.49	392.5	500.01	504.62	430.06	303.41
Gross Profit	257.94	265.28	342.53	400.76	312.58	259.06
Selling, General & Admin	152.35	152.16	171.66	164.79	140.27	101.2
Research & Development	73.9	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	228.49	231.06	256.23	264.32	209.45	186.57
Operating Income	29.45	34.21	86.3	136.43	103.12	72.49
Interest Expense	-0.31	-0.67	-0.74	-1.8	-3.16	-2.63
Interest & Investment Income	4	5.63	3.84	2.58	2.47	5.99
Other Non Operating Income (Expenses)	-0.77	-0.52	-0.71	-0.44	-0.27	-0.79
EBT Excluding Unusual Items	32.37	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	-0.06	0.02	0.1	0.22	1.25	0.1
Asset Writedown	-0.19	-0.19	-0.14	-0.17	-0.91	-
Legal Settlements	0.27	0.27	-	-	-	-
Other Unusual Items	2.82	1.83	2.45	2.42	2.24	2.27
Pretax Income	25.62	30.99	89.11	135.49	104.75	77.43
Income Tax Expense	3.61	3.72	5.13	12.83	11.39	5.34
Earnings From Continuing Operations	22.01	27.27	83.99	122.66	93.36	72.09
Minority Interest in Earnings	-6.73	-6.9	-10.87	-8.9	-1.82	0.07
Net Income	15.29	20.38	73.12	113.77	91.55	72.16
Net Income to Common	15.29	20.38	73.12	113.77	91.55	72.16
Net Income Growth	-64.01%	-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)	-1.52%	-0.73%	2.21%	6.98%	0.19%	0.10%
EPS (Basic)	0.04	0.05	0.17	0.27	0.23	0.18
EPS (Diluted)	0.04	0.05	0.17	0.27	0.23	0.18
EPS Growth	-63.46%	-71.92%	-37.12%	16.16%	26.62%	-17.77%
Free Cash Flow	37.63	76.87	151.24	62.71	-21.08	-196.58
Free Cash Flow Per Share	0.09	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	41.84%	40.33%	40.66%	44.26%	42.09%	46.06%
Operating Margin	4.78%	5.20%	10.24%	15.07%	13.89%	12.89%
Profit Margin	2.48%	3.10%	8.68%	12.57%	12.33%	12.83%
Free Cash Flow Margin	6.11%	11.69%	17.95%	6.93%	-2.84%	-34.95%
EBITDA	41	44.8	95.67	149.35	114.62	82.87
EBITDA Margin	6.65%	6.81%	11.36%	16.50%	15.43%	14.73%
D&A For EBITDA	11.55	10.58	9.37	12.92	11.5	10.38
EBIT	29.45	34.21	86.3	136.43	103.12	72.49
EBIT Margin	4.78%	5.20%	10.24%	15.07%	13.89%	12.89%
Effective Tax Rate	14.08%	11.99%	5.75%	9.47%	10.87%	6.90%
Revenue as Reported	616.42	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.