Queclink Wireless Solutions Co., Ltd. (SHE:300590)

SHE:300590 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	894.02	949.46	956.59	1,002	916.03	472.17
Other Revenue	17.42	17.42	59.17	-	4.71	0.5
Revenue	911.43	966.88	1,016	1,002	920.74	472.68
Revenue Growth (YoY)	-13.35%	-4.81%	1.35%	8.85%	94.79%	-24.91%
Cost of Revenue	542.38	578.99	634.07	659.35	590.26	275.06
Gross Profit	369.05	387.89	381.69	342.87	330.48	197.62
Selling, General & Admin	130.59	125.88	117.71	104.35	76.42	54.29
Research & Development	127.92	125.33	121.45	113.37	96.39	67
Other Operating Expenses	9.17	6.68	5.27	2.3	0.49	0.99
Operating Expenses	268.15	258.36	243.67	222.12	174.39	121.95
Operating Income	100.9	129.53	138.03	120.75	156.09	75.67
Interest Expense	-0.16	-0.2	-0.3	-0.42	-0.23	-0.24
Interest & Investment Income	11.12	9.87	8.04	7	11.84	1.34
Currency Exchange Gain (Loss)	13.33	13.33	6.27	33.71	-7.54	-11.95
Other Non Operating Income (Expenses)	-2.91	-0.91	-1.28	-0.61	-0.52	-0.28
EBT Excluding Unusual Items	122.28	151.62	150.75	160.43	159.64	64.55
Gain (Loss) on Sale of Investments	7.58	6.19	-8.53	6.21	3.43	15.27
Gain (Loss) on Sale of Assets	0	0.1	0.22	-	0.03	0
Asset Writedown	-0	-0	0	-0.01	0.02	-0
Other Unusual Items	11.35	10.68	11.96	10.62	4.17	19.68
Pretax Income	141.22	168.6	154.44	177.25	167.33	99.93
Income Tax Expense	8.26	9.99	7.69	11.62	11.78	9.47
Net Income	132.96	158.61	146.75	165.63	155.55	90.47
Net Income to Common	132.96	158.61	146.75	165.63	155.55	90.47
Net Income Growth	-18.34%	8.08%	-11.40%	6.48%	71.94%	-44.25%
Shares Outstanding (Basic)	453	453	459	460	444	438
Shares Outstanding (Diluted)	453	453	459	460	444	438
Shares Change (YoY)	0.20%	-1.18%	-0.33%	3.52%	1.54%	0.39%
EPS (Basic)	0.29	0.35	0.32	0.36	0.35	0.21
EPS (Diluted)	0.29	0.35	0.32	0.36	0.35	0.21
EPS Growth	-18.51%	9.38%	-11.11%	2.86%	69.33%	-44.46%
Free Cash Flow	260.42	282.17	298.08	-134.27	-62.17	-5.17
Free Cash Flow Per Share	0.57	0.62	0.65	-0.29	-0.14	-0.01
Dividend Per Share	0.220	0.220	0.150	0.120	0.100	0.056
Dividend Growth	46.67%	46.67%	25.00%	20.00%	79.86%	0.18%
Gross Margin	40.49%	40.12%	37.58%	34.21%	35.89%	41.81%
Operating Margin	11.07%	13.40%	13.59%	12.05%	16.95%	16.01%
Profit Margin	14.59%	16.40%	14.45%	16.53%	16.89%	19.14%
Free Cash Flow Margin	28.57%	29.18%	29.35%	-13.40%	-6.75%	-1.09%
EBITDA	111.88	141.39	153.38	136.17	167.78	81.64
EBITDA Margin	12.28%	14.62%	15.10%	13.59%	18.22%	17.27%
D&A For EBITDA	10.98	11.86	15.35	15.42	11.69	5.96
EBIT	100.9	129.53	138.03	120.75	156.09	75.67
EBIT Margin	11.07%	13.40%	13.59%	12.05%	16.95%	16.01%
Effective Tax Rate	5.85%	5.92%	4.98%	6.56%	7.04%	9.47%
Revenue as Reported	911.43	966.88	1,016	1,002	920.74	472.68
Advertising Expenses	-	6.22	4.39	3.39	1.9	1.67

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.