First High-School Education Group Co., Ltd. (FHSEY)

FHSEY Income Statement

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

Year	2022	2021	2020	2019	2018
Revenue	342.51	337.31	306.25	264.06	253.69
Revenue Growth (YoY)	1.54%	10.15%	15.98%	4.09%	22.87%
Cost of Revenue	213.62	206.77	164.35	142.53	179.03
Gross Profit	128.88	130.55	141.89	121.53	74.65
Selling, General & Admin	57.69	54.11	49.88	53.83	230.05
Other Operating Expenses	-2.03	-2.08	-4.28	3.39	3.62
Operating Expenses	55.66	52.02	45.61	57.22	233.66
Operating Income	73.22	78.52	96.29	64.31	-159.01
Interest Expense / Income	9.55	9.55	5.75	2.65	0
Other Expense / Income	6.34	1.24	-4.31	24.68	0.49
Pretax Income	57.34	67.74	94.85	36.98	-159.5
Income Tax	20.02	15.04	14.03	5.37	10.19
Net Income	37.33	52.69	80.82	31.61	-169.69
Net Income Growth	-29.17%	-34.80%	155.71%	-	-
Shares Outstanding (Basic)	87	84	70	70	68
Shares Outstanding (Diluted)	89	86	70	70	68
Shares Change	3.40%	21.69%	-	3.79%	0.33%
EPS (Basic)	1.29	0.27	3.45	1.35	-7.50
EPS (Diluted)	1.26	1.83	3.45	1.35	-7.50
EPS Growth	-31.15%	-46.96%	155.56%	-	-
Free Cash Flow	-17.22	64.16	71.33	71.26	19.56
Free Cash Flow Per Share	-0.59	2.29	3.04	3.03	0.86
Gross Margin	37.63%	38.70%	46.33%	46.02%	29.43%
Operating Margin	21.38%	23.28%	31.44%	24.35%	-62.68%
Profit Margin	10.90%	15.62%	26.39%	11.97%	-66.89%
Free Cash Flow Margin	-5.03%	19.02%	23.29%	26.99%	7.71%
Effective Tax Rate	34.91%	22.21%	14.80%	14.52%	-
EBITDA	79.68	91.65	112.22	52.47	-150.94
EBITDA Margin	23.26%	27.17%	36.65%	19.87%	-59.50%
Depreciation & Amortization	12.79	14.37	11.63	12.84	8.56
EBIT	66.89	77.28	100.6	39.63	-159.5
EBIT Margin	19.53%	22.91%	32.85%	15.01%	-62.87%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).