Wenzhou Kangning Hospital Co., Ltd. (HKG:2120)

Wenzhou Kangning Hospital Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,518	1,485	1,367	1,203	935.61
Other Revenue	136.52	111.1	118.09	94.66	53.4
Revenue	1,654	1,596	1,485	1,297	989.01
Revenue Growth (YoY)	3.64%	7.50%	14.45%	31.18%	14.91%
Cost of Revenue	1,227	1,197	1,140	976.16	733.72
Gross Profit	427.48	399.3	344.88	321.27	255.29
Selling, General & Admin	226.4	218.29	212.84	178.98	131.95
Research & Development	36.52	32.47	33.03	27.96	20.92
Other Operating Expenses	-0.92	-9.5	4.65	5.62	-3.85
Operating Expenses	281.11	248.43	261.79	215.57	149.72
Operating Income	146.37	150.87	83.1	105.7	105.57
Interest Expense	-49.5	-45.63	-45.15	-36.27	-26.81
Interest & Investment Income	3.88	5.27	5.61	8.63	4.68
Currency Exchange Gain (Loss)	-0.16	0	0.08	-0.04	-0.26
Other Non Operating Income (Expenses)	-8.4	-1.07	-15.93	-2.18	-0.7
EBT Excluding Unusual Items	92.19	109.44	27.71	75.85	82.47
Impairment of Goodwill	-5.75	-	-10.35	-6.18	-8.01
Gain (Loss) on Sale of Investments	-11.02	-5.85	-15.98	9.42	-0.37
Gain (Loss) on Sale of Assets	-0.07	0.07	0.41	-0.08	0.6
Asset Writedown	-0.96	-0.26	-1.57	-0.01	-
Other Unusual Items	-6.29	-4.21	15.39	16.7	-0.37
Pretax Income	68.1	99.18	15.6	95.69	74.32
Income Tax Expense	17.7	12.25	26.57	54.83	30.66
Earnings From Continuing Operations	50.4	86.93	-10.97	40.86	43.66
Minority Interest in Earnings	15.21	-0.98	-13.25	3.18	12.11
Net Income	65.61	85.95	-24.22	44.04	55.77
Net Income to Common	65.61	85.95	-24.22	44.04	55.77
Net Income Growth	-23.66%	-	-	-21.04%	-2.65%
Shares Outstanding (Basic)	74	75	75	72	72
Shares Outstanding (Diluted)	74	75	75	75	74
Shares Change (YoY)	-0.43%	-	-	0.91%	-
EPS (Basic)	0.88	1.15	-0.32	0.61	0.77
EPS (Diluted)	0.88	1.15	-0.32	0.59	0.75
EPS Growth	-23.48%	-	-	-21.33%	-2.60%
Free Cash Flow	-92.54	85.3	-9.69	15.36	11.7
Free Cash Flow Per Share	-1.25	1.14	-0.13	0.21	0.16
Dividend Per Share	0.450	0.400	-	-	-
Dividend Growth	12.50%	-	-	-	-
Gross Margin	25.84%	25.01%	23.23%	24.76%	25.81%
Operating Margin	8.85%	9.45%	5.60%	8.15%	10.67%
Profit Margin	3.97%	5.38%	-1.63%	3.39%	5.64%
Free Cash Flow Margin	-5.59%	5.34%	-0.65%	1.18%	1.18%
EBITDA	234.08	223.82	159.12	168.51	160.71
EBITDA Margin	14.15%	14.02%	10.72%	12.99%	16.25%
D&A For EBITDA	87.71	72.95	76.02	62.81	55.14
EBIT	146.37	150.87	83.1	105.7	105.57
EBIT Margin	8.85%	9.45%	5.60%	8.15%	10.67%
Effective Tax Rate	25.99%	12.35%	170.29%	57.30%	41.26%
Revenue as Reported	1,654	1,596	1,485	1,297	989.01
Advertising Expenses	3.7	4.5	3.53	2.99	2.91

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