Wasion Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	9,365	8,717	7,252	5,856	4,591	3,949
Revenue Growth (YoY)	20.56%	20.19%	23.85%	27.56%	16.26%	8.02%
Cost of Revenue	6,116	5,681	4,672	3,927	3,092	2,702
Gross Profit	3,250	3,035	2,581	1,929	1,499	1,247
Selling, General & Admin	1,178	1,105	976.66	728.57	615.12	529.92
Research & Development	736.71	730.4	681.38	577.44	424.48	334.94
Operating Expenses	2,039	1,945	1,731	1,385	1,109	920.74
Operating Income	1,211	1,090	849.4	544.22	389.59	325.82
Interest Expense	-122.13	-125.53	-131.53	-112.5	-99.27	-96.26
Interest & Investment Income	75.91	94.23	72.07	79.49	82.85	74.94
Earnings From Equity Investments	0.17	0.28	0.76	3.24	-	-
Currency Exchange Gain (Loss)	34.41	0.41	-3.52	29.19	-3.17	-0.25
Other Non Operating Income (Expenses)	141.07	154.26	113.72	86.09	107.69	91.87
EBT Excluding Unusual Items	1,340	1,214	900.9	629.73	477.69	396.12
Merger & Restructuring Charges	-	-	-0.18	-	-	-
Impairment of Goodwill	-	-	-	-7.68	-7.67	-
Gain (Loss) on Sale of Investments	-3.77	-6.51	-34.72	-40.21	2.27	-
Gain (Loss) on Sale of Assets	0.51	0.55	-5.27	0.6	0.44	-0.21
Pretax Income	1,337	1,208	860.73	582.43	472.73	395.91
Income Tax Expense	186.43	177.43	100.14	71.27	44.76	51.74
Earnings From Continuing Operations	1,150	1,030	760.59	511.16	427.97	344.17
Minority Interest in Earnings	-336.01	-324.55	-239.36	-187.36	-159.89	-112.98
Net Income	814.23	705.61	521.23	323.8	268.08	231.19
Net Income to Common	814.23	705.61	521.23	323.8	268.08	231.19
Net Income Growth	27.53%	35.37%	60.98%	20.78%	15.96%	-17.60%
Shares Outstanding (Basic)	988	988	989	985	985	984
Shares Outstanding (Diluted)	990	990	989	985	985	984
Shares Change (YoY)	-0.10%	0.15%	0.34%	0.03%	0.12%	-0.51%
EPS (Basic)	0.82	0.71	0.53	0.33	0.27	0.23
EPS (Diluted)	0.82	0.71	0.53	0.33	0.27	0.23
EPS Growth	27.71%	35.11%	60.36%	20.82%	15.75%	-17.18%
Free Cash Flow	922.04	555.22	1,050	616.89	34.97	89.08
Free Cash Flow Per Share	0.93	0.56	1.06	0.63	0.04	0.09
Dividend Per Share	0.354	0.354	0.254	0.203	0.163	0.168
Dividend Growth	39.28%	39.28%	24.93%	24.87%	-3.25%	-27.54%
Gross Margin	34.70%	34.82%	35.59%	32.95%	32.65%	31.57%
Operating Margin	12.93%	12.50%	11.71%	9.29%	8.49%	8.25%
Profit Margin	8.69%	8.09%	7.19%	5.53%	5.84%	5.85%
Free Cash Flow Margin	9.84%	6.37%	14.48%	10.54%	0.76%	2.26%
EBITDA	1,375	1,239	971.22	646.84	469.67	393.71
EBITDA Margin	14.69%	14.22%	13.39%	11.05%	10.23%	9.97%
D&A For EBITDA	164.85	149.23	121.81	102.62	80.09	67.89
EBIT	1,211	1,090	849.4	544.22	389.59	325.82
EBIT Margin	12.93%	12.50%	11.71%	9.29%	8.49%	8.25%
Effective Tax Rate	13.95%	14.69%	11.63%	12.24%	9.47%	13.07%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.