Shanghai Fullhan Microelectronics Co., Ltd. (SHE: 300613)

Shanghai Fullhan Microelectronics 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	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Revenue	1,775	1,822	2,111	1,717	610.25	522.08
Revenue Growth (YoY)	2.14%	-13.65%	22.92%	181.36%	16.89%	26.72%
Cost of Revenue	1,119	1,128	1,308	989.33	368.06	328.46
Gross Profit	656.74	694.48	802.93	727.67	242.18	193.62
Selling, General & Admin	151.13	146.79	126.76	100.55	33.37	46.43
Research & Development	341.63	334.81	301.07	250.39	113.66	134.55
Other Operating Expenses	-23.25	1.7	11.59	5.39	1.65	1.88
Operating Expenses	471.18	484.89	437.18	359.4	148.51	183.3
Operating Income	185.56	209.59	365.74	368.27	93.68	10.33
Interest Expense	-31.36	-34.04	-30.56	-15.83	-0.19	-3.61
Interest & Investment Income	41.47	31.65	34.53	24.32	13.47	52.02
Currency Exchange Gain (Loss)	3.21	3.21	3.38	-2.41	-23.55	4.2
Other Non Operating Income (Expenses)	-21.73	-0.16	0.11	-0.44	-0.13	13.07
EBT Excluding Unusual Items	177.16	210.25	373.2	373.92	83.27	76
Gain (Loss) on Sale of Investments	0.68	2.6	5.19	-6.29	-	-
Gain (Loss) on Sale of Assets	-0	-	-	-0.02	-0.04	-
Asset Writedown	-0.04	-0.04	-0.07	-0.02	-0.04	-0.02
Other Unusual Items	50.89	34.26	26.39	39.69	7.88	-
Pretax Income	228.69	247.07	404.72	407.27	91.06	75.98
Income Tax Expense	-6.18	-5.29	26.33	25.14	1.27	3.38
Earnings From Continuing Operations	234.87	252.37	378.39	382.13	89.8	72.6
Minority Interest in Earnings	23.51	0.13	19.74	-18.26	-2.12	9.07
Net Income	258.37	252.49	398.13	363.87	87.68	81.67
Net Income to Common	258.37	252.49	398.13	363.87	87.68	81.67
Net Income Growth	12.10%	-36.58%	9.42%	315.01%	7.35%	49.86%
Shares Outstanding (Basic)	229	230	229	229	228	228
Shares Outstanding (Diluted)	229	230	230	229	228	228
Shares Change (YoY)	-0.81%	-0.26%	0.56%	0.28%	0.12%	0.29%
EPS (Basic)	1.13	1.10	1.74	1.59	0.38	0.36
EPS (Diluted)	1.13	1.10	1.73	1.59	0.38	0.36
EPS Growth	13.01%	-36.42%	8.81%	313.85%	7.32%	49.29%
Free Cash Flow	299.52	317.73	521.51	-100.69	148.52	26.63
Free Cash Flow Per Share	1.31	1.38	2.27	-0.44	0.65	0.12
Dividend Per Share	0.120	0.120	0.180	0.163	0.038	0.036
Dividend Growth	-33.33%	-33.33%	10.29%	323.90%	6.65%	47.95%
Gross Margin	36.99%	38.11%	38.04%	42.38%	39.69%	37.09%
Operating Margin	10.45%	11.50%	17.33%	21.45%	15.35%	1.98%
Profit Margin	14.55%	13.86%	18.86%	21.19%	14.37%	15.64%
Free Cash Flow Margin	16.87%	17.43%	24.71%	-5.86%	24.34%	5.10%
EBITDA	332.19	356.73	513.56	479.3	125.38	43.05
EBITDA Margin	18.71%	19.57%	24.33%	27.91%	20.55%	8.25%
D&A For EBITDA	146.63	147.14	147.81	111.03	31.7	32.73
EBIT	185.56	209.59	365.74	368.27	93.68	10.33
EBIT Margin	10.45%	11.50%	17.33%	21.45%	15.35%	1.98%
Effective Tax Rate	-	-	6.51%	6.17%	1.39%	4.44%
Revenue as Reported	1,775	1,822	2,111	1,717	610.25	522.08

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