TBEA annual revenue was ¥44.1 b in FY 2020

TBEA Gross profit (H1, 2021)5.6 B

TBEA Gross profit margin (H1, 2021), %24.9%

TBEA Net income (H1, 2021)3.8 B

TBEA EBIT (H1, 2021)4.5 B

TBEA Cash, 30-Jun-202118.3 B

TBEA revenue was ¥44.1 b in FY, 2020 which is a 19.2% year over year increase from the previous period.

TBEA revenue breakdown by business segment: 98.4% from Main business and 1.6% from Other

CNY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 39.7b | 37.0b | 44.1b |

| 4% | (7%) | 19% |

## Cost of goods sold | 31.9b | 29.4b | 35.0b |

## Gross profit | 7.8b | 7.6b | 9.1b |

| 20% | 21% | 21% |

## Sales and marketing expense | 2.0b | 2.1b | 2.2b |

## R&D expense | 569.2m | 560.0m | 870.1m |

## General and administrative expense | 1.5b | 1.7b | 1.8b |

## Operating expense total | 4.1b | 4.4b | 4.9b |

## EBIT | 2.8b | 2.9b | 3.8b |

| 7% | 8% | 9% |

## Interest expense | 993.8m | 1.1b | 1.3b |

## Interest income | 375.9m | 339.4m | 232.4m |

## Investment income | (135.1m) | 402.0m | 920.6m |

## Pre tax profit | 2.8b | 2.8b | 3.7b |

## Income tax expense | 252.9m | 420.5m | 465.1m |

## Net Income | 2.5b | 2.4b | 3.2b |

## EPS | 0.5 | 0.5 | 0.6 |

CNY | H1, 2019 | H1, 2020 | H1, 2021 |
---|---|---|---|

## Revenue | 17.1b | 18.0b | 22.5b |

## Cost of goods sold | 13.5b | 14.2b | 16.9b |

## Gross profit | 3.5b | 3.7b | 5.6b |

| 21% | 21% | 25% |

## Sales and marketing expense | 734.6m | 718.3m | 903.9m |

## R&D expense | 220.4m | 244.8m | 281.7m |

## General and administrative expense | 918.5m | 866.6m | 711.2m |

## Operating expense total | 1.9b | 1.8b | 1.9b |

## EBIT | 1.4b | 1.2b | 4.5b |

| 8% | 7% | 20% |

## Interest expense | 518.0m | 620.1m | 549.0m |

## Interest income | 178.2m | 119.9m | 135.9m |

## Investment income | 26.6m | 56.0m | 154.0m |

## Pre tax profit | 1.4b | 1.2b | 4.5b |

## Income tax expense | 156.7m | 188.8m | 693.5m |

## Net Income | 1.2b | 1.1b | 3.8b |

## EPS | 0.3 | 0.2 | 0.8 |

CNY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 21.6b | 19.4b | 20.4b |

## Accounts Receivable | 11.3b | 12.1b | 12.6b |

## Prepaid Expenses | 2.6b | 4.5b | 3.2b |

## Current Assets | 49.9b | 51.4b | 51.4b |

## PP&E | 24.7b | 28.3b | 34.0b |

## Goodwill | 129.6m | 129.6m | 129.6m |

## Total Assets | 92.6b | 102.2b | 109.5b |

## Accounts Payable | 11.5b | 11.2b | 11.9b |

## Dividends Payable | 227.1m | 275.8m | 296.3m |

## Short-term debt | 6.4b | 4.7b | 4.3b |

## Current Liabilities | 37.6b | 34.9b | 39.3b |

## Long-term debt | 14.2b | 22.3b | 21.5b |

## Non-Current Liabilities | 16.0b | 24.3b | 23.6b |

## Total Debt | 20.5b | 27.1b | 25.8b |

## Total Liabilities | 53.6b | 59.2b | 62.9b |

## Common Stock | 3.7b | 3.7b | 3.7b |

## Retained Earnings | 12.7b | 13.7b | 15.1b |

## Total Equity | 39.0b | 43.0b | 46.6b |

## Debt to Equity Ratio | 0.5 x | 0.6 x | 0.6 x |

## Debt to Assets Ratio | 0.2 x | 0.3 x | 0.2 x |

## Financial Leverage | 2.4 x | 2.4 x | 2.3 x |

CNY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash From Operating Activities | 2.6b | 4.0b | 5.3b |

## Purchases of PP&E | (4.2b) | (8.1b) | (7.4b) |

## Cash From Investing Activities | (3.9b) | (10.0b) | (3.6b) |

## Long-term Borrowings | (16.1b) | (16.4b) | (15.1b) |

## Dividends Paid | (2.1b) | (2.2b) | (2.5b) |

## Cash From Financing Activities | 4.8b | 5.6b | (1.5b) |

## Net Change in Cash | 3.4b | (435.5m) | 19.4m |

CNY | Q1, 2019 | Q2, 2019 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|

## Cash From Operating Activities | (1.6b) | 1.2b | 1.5b | 2.0b | 323.6m | 4.7b |

## Purchases of PP&E | (1.9b) | (3.4b) | (2.6b) | (3.5b) | (1.6b) | (4.3b) |

## Cash From Investing Activities | (1.8b) | (3.3b) | (3.3b) | (2.2b) | (1.5b) | (3.4b) |

## Long-term Borrowings | (6.4b) | (10.6b) | (8.6b) | (11.1b) | (2.9b) | (7.2b) |

## Dividends Paid | (250.9m) | (646.5m) | (1.1b) | (1.9b) | (483.0m) | (1.9b) |

## Cash From Financing Activities | 3.5b | 4.5b | 825.8m | 389.6m | (1.6b) | (3.3b) |

## Net Change in Cash | 66.2m | 2.3b | (1.1b) | 75.7m | (2.7b) | (1.9b) |

CNY | FY, 2018 |
---|---|

## Revenue/Employee | 2.5m |

## Debt/Equity | 0.5 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 2.4 x |