China Vocational Education Holdings Limited
China Vocational Education Holdings Limited (1756.HK) Financial Performance & Income Statement Overview
Analyze China Vocational Education Holdings Limited (1756.HK) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
China Vocational Education Holdings Limited (1756.HK) Income Statement & Financial Overview
Review China Vocational Education Holdings Limited 1756.HK income statement with detailed quarterly and annual figures.
| Metric | Q4 2024 | Q2 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| Revenue | $628.42M | $640.11M | $267.63M | $267.63M |
| Cost of Revenue | $306.91M | $295.30M | $116.77M | $116.77M |
| Gross Profit | $321.51M | $344.81M | $150.86M | $150.86M |
| Gross Profit Ratio | $0.51 | $0.54 | $0.56 | $0.56 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $96.39M | $72.15M | $47.12M | $47.12M |
| Operating Expenses | $35.43M | $57.24M | $39.38M | $39.38M |
| Total Costs & Expenses | $342.34M | $352.55M | $156.15M | $156.15M |
| Interest Income | $0.00 | $46.99M | $22.16M | $22.16M |
| Interest Expense | $0.00 | $0.00 | $63.03M | $0.00 |
| Depreciation & Amortization | $87.89M | $82.52M | $36.56M | $36.56M |
| EBITDA | $348.81M | $370.88M | $150.82M | $150.82M |
| EBITDA Ratio | $0.56 | $0.58 | $0.56 | $0.56 |
| Operating Income | $286.08M | $288.36M | $114.27M | $114.27M |
| Operating Income Ratio | $0.46 | $0.45 | $0.43 | $0.43 |
| Other Income/Expenses (Net) | -$39.06M | -$47.79M | -$24.94M | -$24.94M |
| Income Before Tax | $247.03M | $240.57M | $89.33M | $89.33M |
| Income Before Tax Ratio | $0.39 | $0.38 | $0.33 | $0.33 |
| Income Tax Expense | $15.85M | $20.66M | $330000.00 | $330000.00 |
| Net Income | $231.18M | $219.91M | $89.00M | $89.00M |
| Net Income Ratio | $0.37 | $0.34 | $0.33 | $0.33 |
| EPS | $0.19 | $0.18 | $0.07 | $0.07 |
| Diluted EPS | $0.19 | $0.18 | $0.07 | $0.07 |
| Weighted Avg Shares Outstanding | $1.20B | $1.20B | $1.20B | $1.20B |
| Weighted Avg Shares Outstanding (Diluted) | $1.20B | $1.20B | $1.20B | $1.20B |
The company's financials show resilient growth, with revenue advancing from $267.63M in Q3 2023 to $628.42M in Q4 2024. Gross profit remained healthy with margins at 51% in Q4 2024 compared to 56% in Q3 2023. Operating income hit $286.08M last quarter, sustaining a consistent 46% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $348.81M. Net income rose to $231.18M, while earnings per share reached $0.19. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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