Suzhou TFC Optical Communication Co., Ltd. (SHE: 300394)

Suzhou TFC Optical Communication 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	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,797	1,929	1,178	1,005	860.07	510.11
Other Revenue	33.74	9.35	18.76	27.35	13.38	12.82
Revenue	2,830	1,939	1,196	1,032	873.45	522.93
Revenue Growth (YoY)	120.59%	62.04%	15.89%	18.20%	67.03%	18.07%
Cost of Revenue	1,227	902.43	595.14	529.96	418.55	253.3
Gross Profit	1,603	1,036	601.26	502.43	454.9	269.63
Selling, General & Admin	132.61	100.79	80.58	82.83	62.68	39.13
Research & Development	191.89	143.26	122.72	99.67	77.3	56.04
Other Operating Expenses	29.33	15.26	10.79	8.41	8.75	6.13
Operating Expenses	372.18	265.43	212.17	194.67	152.44	103.67
Operating Income	1,231	770.74	389.09	307.76	302.47	165.96
Interest Expense	-0.73	-0.55	-1.54	-2.05	-0.38	-
Interest & Investment Income	74.29	68.42	35.23	24.89	19.94	21.39
Currency Exchange Gain (Loss)	7.33	7.1	13.45	-0.54	-8.58	1.22
Other Non Operating Income (Expenses)	-1.14	-0.49	-0.42	-0.47	-0.62	-0.29
EBT Excluding Unusual Items	1,311	845.22	435.82	329.59	312.84	188.28
Gain (Loss) on Sale of Investments	0.51	1.2	2.34	-	-	-
Gain (Loss) on Sale of Assets	0.54	0.87	0.14	0.45	-0	-
Asset Writedown	-20.24	-20.25	-2.02	-0.32	-0.02	-0.02
Other Unusual Items	25.31	13.94	14.87	15.59	8.98	3.78
Pretax Income	1,317	840.99	451.15	345.31	321.8	192.04
Income Tax Expense	167.59	111.11	46.22	36.76	38.06	24.76
Earnings From Continuing Operations	1,149	729.88	404.94	308.54	283.74	167.28
Minority Interest in Earnings	-1.23	0	-1.99	-2.15	-4.62	-0.69
Net Income	1,148	729.88	402.94	306.39	279.12	166.59
Net Income to Common	1,148	729.88	402.94	306.39	279.12	166.59
Net Income Growth	146.40%	81.14%	31.51%	9.77%	67.55%	22.91%
Shares Outstanding (Basic)	554	553	548	544	499	500
Shares Outstanding (Diluted)	554	553	549	546	501	500
Shares Change (YoY)	0.54%	0.73%	0.50%	8.93%	0.36%	3.85%
EPS (Basic)	2.07	1.32	0.73	0.56	0.56	0.33
EPS (Diluted)	2.07	1.32	0.73	0.56	0.56	0.33
EPS Growth	145.08%	79.82%	30.86%	0.77%	66.95%	18.35%
Free Cash Flow	759.16	697.38	352.07	245.49	106.6	28.12
Free Cash Flow Per Share	1.37	1.26	0.64	0.45	0.21	0.06
Dividend Per Share	1.214	0.714	0.357	0.286	0.238	0.159
Dividend Growth	240.04%	100.03%	24.99%	19.99%	50.03%	11.06%
Gross Margin	56.64%	53.45%	50.26%	48.67%	52.08%	51.56%
Operating Margin	43.49%	39.76%	32.52%	29.81%	34.63%	31.74%
Profit Margin	40.56%	37.65%	33.68%	29.68%	31.96%	31.86%
Free Cash Flow Margin	26.82%	35.97%	29.43%	23.78%	12.21%	5.38%
EBITDA	1,311	857.95	469.2	375.16	351.47	196.16
EBITDA Margin	46.31%	44.26%	39.22%	36.34%	40.24%	37.51%
D&A For EBITDA	79.83	87.22	80.11	67.4	49.01	30.2
EBIT	1,231	770.74	389.09	307.76	302.47	165.96
EBIT Margin	43.49%	39.76%	32.52%	29.81%	34.63%	31.74%
Effective Tax Rate	12.73%	13.21%	10.24%	10.65%	11.83%	12.89%
Revenue as Reported	2,830	1,939	1,196	1,032	873.45	522.93
Advertising Expenses	-	0.83	0.93	0.75	0.82	1.05

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