Taiwan Shin Kong Security Co., Ltd. (TPE:9925)

Taiwan Shin Kong Security Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,880	7,846	7,713	7,653	7,567	7,195
Revenue Growth (YoY)	1.43%	1.73%	0.78%	1.14%	5.17%	1.64%
Cost of Revenue	5,145	5,122	5,014	4,914	4,912	4,754
Gross Profit	2,735	2,724	2,699	2,738	2,655	2,441
Selling, General & Admin	1,881	1,871	1,756	1,705	1,621	1,571
Research & Development	55.55	59.27	66.86	50.58	47.16	11.08
Operating Expenses	1,934	1,930	1,823	1,756	1,675	1,584
Operating Income	801.11	794.2	875.59	982.47	979.9	856.66
Interest Expense	-46.92	-45.75	-42.47	-30.42	-23.3	-19.53
Interest & Investment Income	280.87	281.55	275.43	277.26	272.12	265.76
Earnings From Equity Investments	8.24	13.48	1.46	-19.32	-32.23	-30.18
Currency Exchange Gain (Loss)	5.91	5.91	-6.23	9.95	-10.74	-4.98
Other Non Operating Income (Expenses)	32.01	60.17	68.88	28.94	50.75	28.83
EBT Excluding Unusual Items	1,081	1,110	1,173	1,249	1,236	1,097
Gain (Loss) on Sale of Investments	-0.19	-0.19	27.24	-4.14	2.8	20.94
Gain (Loss) on Sale of Assets	1.55	1.55	0.11	0.2	0.45	10.1
Other Unusual Items	0.02	0.02	0.01	-0	-0	-
Pretax Income	1,083	1,111	1,200	1,245	1,240	1,128
Income Tax Expense	168.54	169.25	192.22	208.58	201.58	176.33
Earnings From Continuing Operations	914.06	941.69	1,008	1,036	1,038	951.27
Minority Interest in Earnings	-61.04	-56.39	-69.93	-71.2	-75.03	-63.25
Net Income	853.02	885.3	937.88	965.18	963.13	888.02
Net Income to Common	853.02	885.3	937.88	965.18	963.13	888.02
Net Income Growth	-9.47%	-5.61%	-2.83%	0.21%	8.46%	9.09%
Shares Outstanding (Basic)	386	385	385	385	385	385
Shares Outstanding (Diluted)	386	386	386	386	386	386
Shares Change (YoY)	-0.07%	0.01%	-0.01%	0.04%	0.00%	0.03%
EPS (Basic)	2.21	2.30	2.43	2.51	2.50	2.31
EPS (Diluted)	2.20	2.29	2.43	2.50	2.50	2.30
EPS Growth	-9.67%	-5.76%	-2.80%	-	8.70%	9.01%
Free Cash Flow	783.62	663.22	836.59	828.36	1,100	642.64
Free Cash Flow Per Share	2.03	1.72	2.17	2.15	2.85	1.67
Dividend Per Share	2.000	2.000	2.000	2.000	2.000	2.000
Dividend Growth	-	-	-	-	-	6.31%
Gross Margin	34.71%	34.72%	34.99%	35.78%	35.08%	33.93%
Operating Margin	10.17%	10.12%	11.35%	12.84%	12.95%	11.91%
Profit Margin	10.82%	11.28%	12.16%	12.61%	12.73%	12.34%
Free Cash Flow Margin	9.95%	8.45%	10.85%	10.82%	14.54%	8.93%
EBITDA	1,448	1,429	1,495	1,565	1,526	1,447
EBITDA Margin	18.38%	18.22%	19.38%	20.44%	20.16%	20.12%
D&A For EBITDA	646.87	635.01	619.22	582.05	545.76	590.79
EBIT	801.11	794.2	875.59	982.47	979.9	856.66
EBIT Margin	10.17%	10.12%	11.35%	12.84%	12.95%	11.91%
Effective Tax Rate	15.57%	15.24%	16.02%	16.75%	16.26%	15.64%

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.