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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,438	2,840	2,688	2,564	2,076	1,307
Other Revenue	29.61	29.61	14.8	7.78	7.28	5.27
Revenue	3,468	2,870	2,703	2,572	2,083	1,313
Revenue Growth (YoY)	24.24%	6.17%	5.10%	23.45%	58.73%	19.09%
Cost of Revenue	2,755	2,320	2,227	2,177	1,647	1,037
Gross Profit	713.4	550.15	476.49	394.72	436.83	275.36
Selling, General & Admin	232.07	223.87	199.7	140.59	110.05	94.22
Research & Development	210.79	230.19	197.89	131.69	68.91	51.98
Other Operating Expenses	17.95	9.94	11.73	8.66	-6.25	8.16
Operating Expenses	480.46	471.78	416.5	291.74	187.13	161.28
Operating Income	232.94	78.38	59.99	102.98	249.7	114.09
Interest Expense	-24.18	-21.85	-18.65	-5.66	-0.49	-1.56
Interest & Investment Income	146.42	139.56	7.66	14.82	2.98	1.11
Currency Exchange Gain (Loss)	9.96	9.96	45.98	-7.52	-34.28	5.05
Other Non Operating Income (Expenses)	-14.88	-5.54	-1.94	-2	-2.82	-1.21
EBT Excluding Unusual Items	350.25	200.5	93.04	102.62	215.09	117.47
Gain (Loss) on Sale of Investments	-20.34	-	0.12	0.46	3.88	-
Gain (Loss) on Sale of Assets	-1.58	0.11	-0.82	-0.06	-0	0.01
Asset Writedown	-9.29	-0.62	-0.76	-0.19	-0.38	-1.32
Other Unusual Items	19	10.91	18.15	22.18	-	9.49
Pretax Income	338.05	210.9	109.73	125.01	218.59	125.66
Income Tax Expense	28.59	16.81	21.63	13.92	24.64	13.2
Earnings From Continuing Operations	309.46	194.09	88.1	111.09	193.95	112.45
Minority Interest in Earnings	-0.03	1.64	2.32	-	-	-
Net Income	309.43	195.73	90.42	111.09	193.95	112.45
Net Income to Common	309.43	195.73	90.42	111.09	193.95	112.45
Net Income Growth	234.54%	116.46%	-18.60%	-42.72%	72.48%	92.01%
Shares Outstanding (Basic)	101	101	102	101	84	76
Shares Outstanding (Diluted)	101	101	102	101	84	76
Shares Change (YoY)	-2.38%	-0.18%	0.60%	19.76%	10.99%	-0.10%
EPS (Basic)	3.08	1.93	0.89	1.10	2.30	1.48
EPS (Diluted)	3.06	1.93	0.89	1.10	2.30	1.48
EPS Growth	242.69%	116.85%	-19.09%	-52.17%	55.41%	92.21%
Free Cash Flow	13.49	103.84	-503.81	-356.78	25.51	7.23
Free Cash Flow Per Share	0.13	1.02	-4.96	-3.53	0.30	0.10
Dividend Per Share	0.647	0.340	0.091	0.132	0.330	-
Dividend Growth	610.99%	273.63%	-31.10%	-59.98%	-	-
Gross Margin	20.57%	19.17%	17.63%	15.35%	20.97%	20.98%
Operating Margin	6.72%	2.73%	2.22%	4.00%	11.98%	8.69%
Profit Margin	8.92%	6.82%	3.35%	4.32%	9.31%	8.57%
Free Cash Flow Margin	0.39%	3.62%	-18.64%	-13.87%	1.22%	0.55%
EBITDA	337.03	170.61	136.43	151.16	280.96	139.04
EBITDA Margin	9.72%	5.94%	5.05%	5.88%	13.49%	10.59%
D&A For EBITDA	104.09	92.24	76.43	48.18	31.26	24.95
EBIT	232.94	78.38	59.99	102.98	249.7	114.09
EBIT Margin	6.72%	2.73%	2.22%	4.00%	11.98%	8.69%
Effective Tax Rate	8.46%	7.97%	19.71%	11.14%	11.27%	10.51%
Revenue as Reported	3,468	2,870	2,703	2,572	2,083	1,313
Advertising Expenses	-	1.16	0.38	0.45	0.07	0.02

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