China Aerospace Times Electronics CO., LTD. (SHA:600879)

SHA:600879 Income Statement

Financials in millions CNY. 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
Operating Revenue	12,080	14,193	18,579	17,281	15,831	13,811
Other Revenue	87.25	87.25	148.34	194.19	157.96	197.75
Revenue	12,167	14,280	18,727	17,476	15,989	14,009
Revenue Growth (YoY)	-32.71%	-23.75%	7.16%	9.30%	14.14%	2.16%
Cost of Revenue	9,468	11,304	14,984	14,079	12,868	11,403
Gross Profit	2,699	2,977	3,743	3,396	3,122	2,605
Selling, General & Admin	1,472	1,561	1,736	1,480	1,470	1,202
Research & Development	829.3	881.17	1,075	893.19	718.54	571.74
Other Operating Expenses	51.32	57	52.58	67.72	56.13	41.14
Operating Expenses	2,400	2,535	3,097	2,546	2,294	1,835
Operating Income	298.77	441.28	646.28	850.57	827.16	770.25
Interest Expense	-170.44	-177.19	-183.44	-210.41	-224.89	-193.64
Interest & Investment Income	332.15	344.84	142.56	11.38	31.3	9.83
Currency Exchange Gain (Loss)	0.57	0.57	0.24	0.49	-1.02	-0.79
Other Non Operating Income (Expenses)	-29.38	-29.38	-62.97	-30.43	-43.16	-13.02
EBT Excluding Unusual Items	431.67	580.13	542.67	621.6	589.39	572.64
Gain (Loss) on Sale of Investments	7.04	-	-	-0.9	-	-4.08
Gain (Loss) on Sale of Assets	-2.69	0.3	-4.9	-1.82	-3.2	-1.02
Asset Writedown	-15.01	-15.01	-35.73	-20.64	2.08	-12.71
Legal Settlements	-24.59	-24.59	-	-	-	-
Other Unusual Items	110.06	110.06	95.63	81.77	51.79	87.17
Pretax Income	506.48	650.88	597.67	680.01	640.05	641.99
Income Tax Expense	51	49.1	6.87	22.61	45.78	112.37
Earnings From Continuing Operations	455.48	601.78	590.8	657.4	594.27	529.62
Minority Interest in Earnings	-20.75	-53.76	-65.95	-44.65	-45.07	-51.17
Net Income	434.73	548.02	524.85	612.75	549.2	478.46
Net Income to Common	434.73	548.02	524.85	612.75	549.2	478.46
Net Income Growth	-10.52%	4.42%	-14.35%	11.57%	14.79%	4.40%
Shares Outstanding (Basic)	3,295	3,301	2,965	2,723	2,719	2,719
Shares Outstanding (Diluted)	3,295	3,301	2,965	2,723	2,719	2,719
Shares Change (YoY)	5.71%	11.33%	8.88%	0.17%	0.01%	0.25%
EPS (Basic)	0.13	0.17	0.18	0.23	0.20	0.18
EPS (Diluted)	0.13	0.17	0.18	0.23	0.20	0.18
EPS Growth	-15.35%	-6.21%	-21.33%	11.39%	14.77%	4.14%
Free Cash Flow	-1,082	-1,043	-1,634	-2,268	-211.63	24.6
Free Cash Flow Per Share	-0.33	-0.32	-0.55	-0.83	-0.08	0.01
Dividend Per Share	-	0.050	0.048	0.070	-	-
Dividend Growth	-	4.17%	-31.43%	-	-	-
Gross Margin	22.18%	20.84%	19.99%	19.43%	19.52%	18.60%
Operating Margin	2.46%	3.09%	3.45%	4.87%	5.17%	5.50%
Profit Margin	3.57%	3.84%	2.80%	3.51%	3.44%	3.42%
Free Cash Flow Margin	-8.89%	-7.31%	-8.73%	-12.98%	-1.32%	0.18%
EBITDA	720.19	877.99	1,144	1,339	1,280	1,209
EBITDA Margin	5.92%	6.15%	6.11%	7.66%	8.00%	8.63%
D&A For EBITDA	421.42	436.71	497.85	488.87	452.77	438.7
EBIT	298.77	441.28	646.28	850.57	827.16	770.25
EBIT Margin	2.46%	3.09%	3.45%	4.87%	5.17%	5.50%
Effective Tax Rate	10.07%	7.54%	1.15%	3.33%	7.15%	17.50%
Revenue as Reported	12,167	14,280	18,727	17,476	15,989	14,009
Advertising Expenses	-	-	20.09	12.72	9.74	8.16

Source: S&P Global Market Intelligence. Standard template. Financial Sources.