China Steel Corporation (TPE: 2002)

China Steel 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	362,336	363,326	449,567	468,328	314,783	366,241
Revenue Growth (YoY)	-2.15%	-19.18%	-4.01%	48.78%	-14.05%	-8.59%
Cost of Revenue	345,522	346,641	417,639	369,644	299,089	338,435
Gross Profit	16,814	16,686	31,929	98,684	15,694	27,805
Selling, General & Admin	10,968	11,056	11,478	12,997	10,883	13,030
Research & Development	2,157	2,132	2,155	2,435	1,948	2,166
Operating Expenses	13,131	13,187	13,637	15,557	12,821	15,250
Operating Income	3,683	3,499	18,292	83,126	2,873	12,556
Interest Expense	-3,751	-3,624	-2,493	-1,761	-2,460	-3,143
Interest & Investment Income	3,917	2,780	2,133	3,458	1,113	1,070
Earnings From Equity Investments	760.89	567.09	1,579	1,178	583.25	609.33
Currency Exchange Gain (Loss)	945.69	867.95	1,049	928.07	124.74	460.97
Other Non Operating Income (Expenses)	731.42	589.77	1,796	940.64	789.35	301.81
EBT Excluding Unusual Items	6,288	4,680	22,355	87,870	3,023	11,854
Gain (Loss) on Sale of Investments	57.37	-131.87	30.27	30.75	425.84	34.41
Gain (Loss) on Sale of Assets	216.24	-43.24	900.29	-117.84	-104.38	564.26
Asset Writedown	-167.99	85.07	-26.49	-3,369	-576.32	100.37
Pretax Income	6,393	4,590	23,259	84,414	2,768	12,802
Income Tax Expense	752.38	1,059	5,264	15,508	510.33	2,471
Earnings From Continuing Operations	5,641	3,531	17,995	68,906	2,258	10,330
Minority Interest in Earnings	-1,640	-1,850	-211.28	-6,853	-1,372	-1,521
Net Income	4,001	1,682	17,784	62,053	885.87	8,810
Preferred Dividends & Other Adjustments	93.76	53.58	53.58	150.55	53.58	53.58
Net Income to Common	3,907	1,628	17,730	61,902	832.29	8,756
Net Income Growth	-	-90.54%	-71.34%	6904.80%	-89.94%	-63.98%
Shares Outstanding (Basic)	15,276	15,396	15,415	15,415	15,414	15,415
Shares Outstanding (Diluted)	15,287	15,406	15,477	15,581	15,425	15,457
Shares Change (YoY)	-0.82%	-0.46%	-0.67%	1.02%	-0.21%	-0.53%
EPS (Basic)	0.26	0.11	1.15	4.02	0.05	0.57
EPS (Diluted)	0.26	0.11	1.15	3.98	0.05	0.57
EPS Growth	-	-90.80%	-71.12%	7865.03%	-91.20%	-63.90%
Free Cash Flow	-2,271	1,094	-7,535	50,239	36,400	13,199
Free Cash Flow Per Share	-0.15	0.07	-0.49	3.22	2.36	0.85
Dividend Per Share	0.350	0.350	1.000	3.100	0.300	0.500
Dividend Growth	-65.00%	-65.00%	-67.74%	933.33%	-40.00%	-50.00%
Gross Margin	4.64%	4.59%	7.10%	21.07%	4.99%	7.59%
Operating Margin	1.02%	0.96%	4.07%	17.75%	0.91%	3.43%
Profit Margin	1.08%	0.45%	3.94%	13.22%	0.26%	2.39%
Free Cash Flow Margin	-0.63%	0.30%	-1.68%	10.73%	11.56%	3.60%
EBITDA	34,264	34,294	51,293	114,746	35,262	46,910
EBITDA Margin	9.46%	9.44%	11.41%	24.50%	11.20%	12.81%
D&A For EBITDA	30,580	30,795	33,001	31,620	32,390	34,355
EBIT	3,683	3,499	18,292	83,126	2,873	12,556
EBIT Margin	1.02%	0.96%	4.07%	17.75%	0.91%	3.43%
Effective Tax Rate	11.77%	23.07%	22.63%	18.37%	18.44%	19.30%

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