Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD (SHE:301322)

SHE:301322 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	875.53	1,080	1,469	1,015	556.85	417.39
Other Revenue	1.14	1.14	1.82	1.89	1.06	0.64
Revenue	876.67	1,081	1,471	1,017	557.91	418.03
Revenue Growth (YoY)	-20.04%	-26.48%	44.65%	82.27%	33.46%	31.39%
Cost of Revenue	627.83	727.88	1,028	770.28	410.25	294.77
Gross Profit	248.84	353.5	443.43	246.61	147.67	123.26
Selling, General & Admin	66.67	66.68	57.54	57.52	55.41	43.99
Research & Development	32.26	40.44	46.76	33.55	17.75	14.85
Other Operating Expenses	10.69	4.99	5.36	7.15	5.66	3.75
Operating Expenses	113.98	115.29	114.78	100.54	80.84	65.78
Operating Income	134.86	238.22	328.65	146.07	66.82	57.48
Interest Expense	-0.06	-0.05	-0.35	-0.4	-0.16	-1.82
Interest & Investment Income	39.86	49.37	0.85	0.17	0.24	0.13
Currency Exchange Gain (Loss)	9.33	9.33	27.48	-4.59	-6.35	1.26
Other Non Operating Income (Expenses)	-6.46	-0.33	-0.38	-0.33	-0.23	-0.32
EBT Excluding Unusual Items	177.53	296.53	356.24	140.93	60.32	56.72
Gain (Loss) on Sale of Investments	26.17	3.16	-	-	-	-
Gain (Loss) on Sale of Assets	-0.93	-0.52	-0.24	-0.48	-	0.09
Asset Writedown	-1.17	0.02	-0.02	-0.03	-	-1.86
Legal Settlements	-	-	-0.55	-	-	-
Other Unusual Items	6.33	5.52	3.41	3.77	1.36	0.57
Pretax Income	207.93	304.71	358.84	144.19	61.69	55.52
Income Tax Expense	27.84	41.63	46.99	16.95	9.56	6.98
Net Income	180.09	263.09	311.85	127.24	52.13	48.54
Net Income to Common	180.09	263.09	311.85	127.24	52.13	48.54
Net Income Growth	-28.95%	-15.64%	145.09%	144.08%	7.40%	84.96%
Shares Outstanding (Basic)	146	141	110	110	106	102
Shares Outstanding (Diluted)	146	141	110	110	106	102
Shares Change (YoY)	10.57%	27.51%	0.26%	3.47%	4.27%	3.59%
EPS (Basic)	1.24	1.87	2.83	1.16	0.49	0.48
EPS (Diluted)	1.24	1.87	2.83	1.16	0.49	0.48
EPS Growth	-35.75%	-33.84%	144.46%	135.90%	3.00%	78.55%
Free Cash Flow	49	80.74	123.02	38.4	15.69	48.27
Free Cash Flow Per Share	0.34	0.57	1.12	0.35	0.15	0.47
Dividend Per Share	0.914	1.357	0.429	-	0.405	0.119
Dividend Growth	-14.68%	216.64%	-	-	240.17%	-
Gross Margin	28.38%	32.69%	30.15%	24.25%	26.47%	29.48%
Operating Margin	15.38%	22.03%	22.34%	14.36%	11.98%	13.75%
Profit Margin	20.54%	24.33%	21.20%	12.51%	9.34%	11.61%
Free Cash Flow Margin	5.59%	7.47%	8.36%	3.78%	2.81%	11.55%
EBITDA	158.75	258.11	343.23	159.57	78.33	69.01
EBITDA Margin	18.11%	23.87%	23.33%	15.69%	14.04%	16.51%
D&A For EBITDA	23.88	19.9	14.58	13.5	11.51	11.53
EBIT	134.86	238.22	328.65	146.07	66.82	57.48
EBIT Margin	15.38%	22.03%	22.34%	14.36%	11.98%	13.75%
Effective Tax Rate	13.39%	13.66%	13.10%	11.76%	15.50%	12.58%
Revenue as Reported	876.67	1,081	1,471	-	-	-
Advertising Expenses	-	3.79	1	0.98	0.87	1.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.