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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	828.51	949.46	956.59	1,002	916.03	472.17
Other Revenue	20.79	17.42	59.17	-	4.71	0.5
Revenue	849.3	966.88	1,016	1,002	920.74	472.68
Revenue Growth (YoY)	-20.59%	-4.81%	1.35%	8.85%	94.79%	-24.91%
Cost of Revenue	517.24	578.99	634.07	659.35	590.26	275.06
Gross Profit	332.06	387.89	381.69	342.87	330.48	197.62
Selling, General & Admin	131.74	125.88	117.71	104.35	76.42	54.29
Research & Development	133.44	125.33	121.45	113.37	96.39	67
Other Operating Expenses	10.42	6.68	5.27	2.3	0.49	0.99
Operating Expenses	275.33	258.36	243.67	222.12	174.39	121.95
Operating Income	56.73	129.53	138.03	120.75	156.09	75.67
Interest Expense	-0.21	-0.2	-0.3	-0.42	-0.23	-0.24
Interest & Investment Income	12.17	9.87	8.04	7	11.84	1.34
Currency Exchange Gain (Loss)	6.67	13.33	6.27	33.71	-7.54	-11.95
Other Non Operating Income (Expenses)	-0.78	-0.91	-1.28	-0.61	-0.52	-0.28
EBT Excluding Unusual Items	74.58	151.62	150.75	160.43	159.64	64.55
Gain (Loss) on Sale of Investments	6.46	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	12.44	10.68	11.96	10.62	4.17	19.68
Pretax Income	93.5	168.6	154.44	177.25	167.33	99.93
Income Tax Expense	2.56	9.99	7.69	11.62	11.78	9.47
Net Income	90.94	158.61	146.75	165.63	155.55	90.47
Net Income to Common	90.94	158.61	146.75	165.63	155.55	90.47
Net Income Growth	-50.43%	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)	-1.34%	-1.18%	-0.33%	3.52%	1.54%	0.39%
EPS (Basic)	0.20	0.35	0.32	0.36	0.35	0.21
EPS (Diluted)	0.20	0.35	0.32	0.36	0.35	0.21
EPS Growth	-49.76%	9.38%	-11.11%	2.86%	69.33%	-44.46%
Free Cash Flow	218.19	282.17	298.08	-134.27	-62.17	-5.17
Free Cash Flow Per Share	0.48	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	39.10%	40.12%	37.58%	34.21%	35.89%	41.81%
Operating Margin	6.68%	13.40%	13.59%	12.05%	16.95%	16.01%
Profit Margin	10.71%	16.40%	14.45%	16.53%	16.89%	19.14%
Free Cash Flow Margin	25.69%	29.18%	29.35%	-13.40%	-6.75%	-1.09%
EBITDA	68.67	141.39	153.38	136.17	167.78	81.64
EBITDA Margin	8.09%	14.62%	15.10%	13.59%	18.22%	17.27%
D&A For EBITDA	11.94	11.86	15.35	15.42	11.69	5.96
EBIT	56.73	129.53	138.03	120.75	156.09	75.67
EBIT Margin	6.68%	13.40%	13.59%	12.05%	16.95%	16.01%
Effective Tax Rate	2.74%	5.92%	4.98%	6.56%	7.04%	9.47%
Revenue as Reported	849.3	966.88	1,016	1,002	920.74	472.68
Advertising Expenses	-	6.22	4.39	3.39	1.9	1.67

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.