Longchen Paper & Packaging Co., Ltd. (TPE: 1909)

Longchen Paper & Packaging Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	47,280	46,712	52,968	56,608	41,601	47,715
Revenue Growth (YoY)	-3.38%	-11.81%	-6.43%	36.08%	-12.81%	-8.79%
Cost of Revenue	41,892	42,164	48,580	47,308	35,079	41,164
Gross Profit	5,387	4,548	4,388	9,300	6,522	6,552
Selling, General & Admin	2,978	3,035	3,399	3,493	3,019	3,446
Research & Development	1,411	1,460	1,483	1,624	1,211	1,341
Operating Expenses	4,428	4,517	4,801	5,151	4,221	4,769
Operating Income	959.79	30.94	-412.69	4,149	2,300	1,783
Interest Expense	-1,592	-1,581	-1,495	-1,398	-1,474	-1,623
Interest & Investment Income	27.11	30.39	31.15	14.16	20.74	46.92
Earnings From Equity Investments	18.84	42.69	313.75	125.42	69.68	128.29
Currency Exchange Gain (Loss)	34.54	-28.2	-114.17	-94.24	132.69	-73.27
Other Non Operating Income (Expenses)	895.07	720.88	934.45	136.1	255.81	188.96
EBT Excluding Unusual Items	343.51	-783.94	-742.63	2,932	1,305	450.34
Gain (Loss) on Sale of Investments	-37.77	-40.9	15.26	-7.24	-153.78	-
Gain (Loss) on Sale of Assets	-17.74	-14.05	-40.42	-54.58	-43.76	-110.47
Asset Writedown	-	-	-115.13	-	-	32.58
Other Unusual Items	0.3	1.12	2.4	2.28	0.25	0.07
Pretax Income	288.3	-837.77	-880.5	2,873	1,107	372.52
Income Tax Expense	216.25	193.6	42.65	520.48	179.85	-129.88
Earnings From Continuing Operations	72.05	-1,031	-923.15	2,352	927.51	502.39
Minority Interest in Earnings	3.95	9.75	13.37	0.77	18.38	31.38
Net Income	76	-1,022	-909.78	2,353	945.89	533.77
Net Income to Common	76	-1,022	-909.78	2,353	945.89	533.77
Net Income Growth	-	-	-	148.74%	77.21%	-42.89%
Shares Outstanding (Basic)	1,326	1,326	1,282	1,278	1,226	1,175
Shares Outstanding (Diluted)	1,326	1,326	1,283	1,281	1,227	1,175
Shares Change (YoY)	1.48%	3.33%	0.14%	4.43%	4.38%	3.14%
EPS (Basic)	0.06	-0.77	-0.71	1.84	0.77	0.45
EPS (Diluted)	0.06	-0.77	-0.71	1.84	0.77	0.45
EPS Growth	-	-	-	138.53%	71.11%	-45.12%
Free Cash Flow	995.22	441.66	349.59	665.23	-1,325	831.47
Free Cash Flow Per Share	0.75	0.33	0.27	0.52	-1.08	0.71
Dividend Per Share	-	-	0.250	1.200	0.600	0.300
Dividend Growth	-	-	-79.17%	100.00%	100.00%	-40.00%
Gross Margin	11.39%	9.74%	8.28%	16.43%	15.68%	13.73%
Operating Margin	2.03%	0.07%	-0.78%	7.33%	5.53%	3.74%
Profit Margin	0.16%	-2.19%	-1.72%	4.16%	2.27%	1.12%
Free Cash Flow Margin	2.10%	0.95%	0.66%	1.18%	-3.18%	1.74%
EBITDA	2,899	1,916	2,277	6,638	4,648	4,101
EBITDA Margin	6.13%	4.10%	4.30%	11.73%	11.17%	8.60%
D&A For EBITDA	1,939	1,886	2,689	2,489	2,348	2,319
EBIT	959.79	30.94	-412.69	4,149	2,300	1,783
EBIT Margin	2.03%	0.07%	-0.78%	7.33%	5.53%	3.74%
Effective Tax Rate	75.01%	-	-	18.12%	16.24%	-

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