Industrial Securities Co.,Ltd.

601377.SS

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,230

Cost of Revenue

503

Gross Profit

1,726

Gross Margin

77.4%

Operating Income

431

Operating Margin

19.3%

Net Income

303

Net Margin

13.6%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

541

EBITDA Margin

24.3%

2023

12/31/2023

Revenue

1,958

Cost of Revenue

478

Gross Profit

1,479

Gross Margin

75.6%

Operating Income

413

Operating Margin

21.1%

Net Income

275

Net Margin

14.0%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

521

EBITDA Margin

26.6%

2022

12/31/2022

Revenue

1,902

Cost of Revenue

429

Gross Profit

1,474

Gross Margin

77.5%

Operating Income

573

Operating Margin

30.1%

Net Income

369

Net Margin

19.4%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

670

EBITDA Margin

35.2%

2021

12/31/2021

Revenue

3,066

Cost of Revenue

418

Gross Profit

2,648

Gross Margin

86.4%

Operating Income

1,073

Operating Margin

35.0%

Net Income

664

Net Margin

21.7%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,152

EBITDA Margin

37.6%

2020

12/31/2020

Revenue

2,887

Cost of Revenue

425

Gross Profit

2,461

Gross Margin

85.3%

Operating Income

862

Operating Margin

29.9%

Net Income

560

Net Margin

19.4%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

891

EBITDA Margin

30.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,230	1,958	1,902	3,066	2,887
Cost of Revenue	503	478	429	418	425
Gross Profit	1,726	1,479	1,474	2,648	2,461
Gross Margin	77.4%	75.6%	77.5%	86.4%	85.3%
Operating Income	431	413	573	1,073	862
Operating Margin	19.3%	21.1%	30.1%	35.0%	29.9%
Net Income	303	275	369	664	560
Net Margin	13.6%	14.0%	19.4%	21.7%	19.4%
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00
EBITDA	541	521	670	1,152	891
EBITDA Margin	24.3%	26.6%	35.2%	37.6%	30.9%