Thinking Electronic Industrial Co., Ltd. (TPE: 2428)

Thinking Electronic Industrial 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	7,053	7,077	7,463	7,500	5,920	5,814
Revenue Growth (YoY)	-3.37%	-5.17%	-0.50%	26.69%	1.82%	-3.42%
Cost of Revenue	4,175	4,333	4,830	4,261	3,206	3,474
Gross Profit	2,878	2,744	2,633	3,239	2,715	2,340
Selling, General & Admin	793.88	783.69	902.17	818.57	644.52	688.75
Research & Development	386.57	360.71	326.4	298.07	225.07	199.01
Operating Expenses	1,186	1,151	1,233	1,115	871.46	891.43
Operating Income	1,692	1,592	1,400	2,125	1,843	1,449
Interest Expense	-15.57	-16.84	-17.18	-11.57	-9.1	-5.06
Interest & Investment Income	150.35	119.51	101.82	88.52	78.71	63.61
Currency Exchange Gain (Loss)	105.76	36.86	240.67	-71.41	-99.94	-16.13
Other Non Operating Income (Expenses)	30.81	7.11	57.48	23.47	57.74	24.59
EBT Excluding Unusual Items	1,963	1,739	1,783	2,154	1,871	1,516
Gain (Loss) on Sale of Assets	-13.43	-16.53	13.79	5.48	-3.22	-4.7
Other Unusual Items	-	-	-	-	-	2.47
Pretax Income	1,950	1,723	1,797	2,159	1,867	1,514
Income Tax Expense	488.91	411.39	406.77	568.71	486.73	398.42
Earnings From Continuing Operations	1,461	1,311	1,390	1,591	1,381	1,115
Net Income to Company	1,461	1,311	1,390	1,591	1,381	1,115
Minority Interest in Earnings	6.18	-3.36	-16.15	-13.32	4.41	0.73
Net Income	1,467	1,308	1,374	1,577	1,385	1,116
Net Income to Common	1,467	1,308	1,374	1,577	1,385	1,116
Net Income Growth	24.26%	-4.81%	-12.90%	13.88%	24.11%	13.56%
Shares Outstanding (Basic)	128	128	128	128	128	128
Shares Outstanding (Diluted)	129	129	129	129	129	129
Shares Change (YoY)	-0.08%	-0.16%	0.04%	0.19%	-0.12%	-0.05%
EPS (Basic)	11.45	10.21	10.72	12.31	10.81	8.71
EPS (Diluted)	11.41	10.17	10.66	12.25	10.78	8.67
EPS Growth	24.41%	-4.60%	-12.98%	13.64%	24.34%	13.63%
Free Cash Flow	1,452	1,266	993.91	721.22	974.47	1,372
Free Cash Flow Per Share	11.29	9.84	7.72	5.60	7.58	10.66
Dividend Per Share	5.200	5.200	5.400	6.300	5.500	4.200
Dividend Growth	-3.70%	-3.70%	-14.29%	14.55%	30.95%	10.53%
Gross Margin	40.81%	38.77%	35.29%	43.19%	45.85%	40.25%
Operating Margin	23.99%	22.50%	18.76%	28.33%	31.13%	24.92%
Profit Margin	20.80%	18.48%	18.41%	21.03%	23.39%	19.19%
Free Cash Flow Margin	20.59%	17.89%	13.32%	9.62%	16.46%	23.59%
EBITDA	2,014	1,905	1,710	2,402	2,087	1,685
EBITDA Margin	28.55%	26.92%	22.92%	32.02%	35.26%	28.97%
D&A For EBITDA	321.77	312.72	310.07	276.7	244.35	235.64
EBIT	1,692	1,592	1,400	2,125	1,843	1,449
EBIT Margin	23.99%	22.50%	18.76%	28.33%	31.13%	24.92%
Effective Tax Rate	25.08%	23.88%	22.64%	26.34%	26.07%	26.32%
Revenue as Reported	-	-	-	-	-	5,814

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