Shenzhen Honor Electronic Co., Ltd. (SHE:300870)

Shenzhen Honor Electronic 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	3,972	3,780	2,840	2,688	2,564	2,076
Other Revenue	17.53	17.53	29.61	14.8	7.78	7.28
Revenue	3,990	3,798	2,870	2,703	2,572	2,083
Revenue Growth (YoY)	30.95%	32.32%	6.17%	5.10%	23.45%	58.73%
Cost of Revenue	3,170	3,009	2,320	2,227	2,177	1,647
Gross Profit	819.81	788.44	550.15	476.49	394.72	436.83
Selling, General & Admin	258.95	244.17	223.87	199.7	140.59	110.05
Research & Development	227.58	212.59	230.19	197.89	131.69	68.91
Other Operating Expenses	5.21	9.24	9.94	11.73	8.66	-6.25
Operating Expenses	510.94	491.99	471.78	416.5	291.74	187.13
Operating Income	308.87	296.45	78.38	59.99	102.98	249.7
Interest Expense	-31.99	-28.83	-21.85	-18.65	-5.66	-0.49
Interest & Investment Income	20.18	17.62	139.56	7.66	14.82	2.98
Currency Exchange Gain (Loss)	27.37	27.37	9.96	45.98	-7.52	-34.28
Other Non Operating Income (Expenses)	-4.47	0.08	-5.54	-1.94	-2	-2.82
EBT Excluding Unusual Items	319.96	312.69	200.5	93.04	102.62	215.09
Gain (Loss) on Sale of Investments	-19.98	-23	-	0.12	0.46	3.88
Gain (Loss) on Sale of Assets	0.45	0.69	0.11	-0.82	-0.06	-0
Asset Writedown	-1.14	-2.53	-0.62	-0.76	-0.19	-0.38
Other Unusual Items	14.93	12.2	10.91	18.15	22.18	-
Pretax Income	314.23	300.05	210.9	109.73	125.01	218.59
Income Tax Expense	27.19	31.58	16.81	21.63	13.92	24.64
Earnings From Continuing Operations	287.04	268.47	194.09	88.1	111.09	193.95
Minority Interest in Earnings	-0.64	-0.48	1.64	2.32	-	-
Net Income	286.4	267.99	195.73	90.42	111.09	193.95
Net Income to Common	286.4	267.99	195.73	90.42	111.09	193.95
Net Income Growth	27.19%	36.92%	116.46%	-18.60%	-42.72%	72.48%
Shares Outstanding (Basic)	101	100	101	102	101	84
Shares Outstanding (Diluted)	101	100	101	102	101	84
Shares Change (YoY)	-3.89%	-1.77%	-0.18%	0.60%	19.76%	10.99%
EPS (Basic)	2.84	2.69	1.93	0.89	1.10	2.30
EPS (Diluted)	2.84	2.69	1.93	0.89	1.10	2.30
EPS Growth	32.34%	39.38%	116.85%	-19.09%	-52.17%	55.41%
Free Cash Flow	316.9	102.96	103.84	-503.81	-356.78	25.51
Free Cash Flow Per Share	3.14	1.03	1.02	-4.96	-3.53	0.30
Dividend Per Share	0.900	0.900	0.340	0.091	0.132	0.330
Dividend Growth	164.71%	164.71%	273.63%	-31.09%	-59.98%	-
Gross Margin	20.55%	20.76%	19.17%	17.63%	15.35%	20.97%
Operating Margin	7.74%	7.81%	2.73%	2.22%	4.00%	11.98%
Profit Margin	7.18%	7.06%	6.82%	3.35%	4.32%	9.31%
Free Cash Flow Margin	7.94%	2.71%	3.62%	-18.64%	-13.87%	1.22%
EBITDA	412.42	398.18	172.81	136.43	151.16	280.96
EBITDA Margin	10.34%	10.48%	6.02%	5.05%	5.88%	13.48%
D&A For EBITDA	103.55	101.73	94.44	76.43	48.18	31.26
EBIT	308.87	296.45	78.38	59.99	102.98	249.7
EBIT Margin	7.74%	7.81%	2.73%	2.22%	4.00%	11.98%
Effective Tax Rate	8.65%	10.53%	7.97%	19.71%	11.13%	11.27%
Revenue as Reported	3,990	3,798	2,870	2,703	2,572	2,083
Advertising Expenses	-	0.47	1.16	0.38	0.45	0.07

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.