Wolong New Energy Group Co., Ltd. (SHA:600173)

Wolong New Energy Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,016	3,609	4,750	4,730	3,389	2,278
Other Revenue	1.77	1.77	5.93	4.34	12.51	2.86
Revenue	3,018	3,611	4,756	4,735	3,402	2,281
Revenue Growth (YoY)	-13.81%	-24.08%	0.44%	39.18%	49.12%	18.77%
Cost of Revenue	2,791	3,247	4,357	3,864	2,530	1,165
Gross Profit	227.02	363.83	398.72	870.42	871.86	1,116
Selling, General & Admin	137.47	133.02	117.28	124.43	98.44	111.9
Research & Development	-8.43	-	-	-	-	-
Other Operating Expenses	60.81	78.83	-43.13	124.4	217.95	281.33
Operating Expenses	188.41	210.16	76.2	252.09	316.01	408.35
Operating Income	38.61	153.68	322.52	618.33	555.85	707.89
Interest Expense	-9.37	-10.44	-4.3	-1.95	-0.74	-
Interest & Investment Income	34.37	8.26	16.07	36.48	78.6	56.83
Currency Exchange Gain (Loss)	1.26	1.26	0.35	-1.91	2.44	-0
Other Non Operating Income (Expenses)	-6.62	-5.94	-5.79	-4.7	-2.48	0.14
EBT Excluding Unusual Items	58.24	146.81	328.85	646.24	633.67	764.86
Gain (Loss) on Sale of Investments	-29.42	-32.91	-91.09	-196.71	0.41	-95.88
Gain (Loss) on Sale of Assets	0.02	0.02	-	0	0.05	-
Asset Writedown	9.52	-0.01	-0.01	-	-10.6	-0
Other Unusual Items	1.5	1.5	1.47	-1.89	0.76	-2.18
Pretax Income	39.86	115.41	239.23	447.65	624.29	666.79
Income Tax Expense	35.43	71.21	73.35	135.98	149.7	182.41
Earnings From Continuing Operations	4.43	44.2	165.88	311.67	474.59	484.38
Minority Interest in Earnings	-20.01	-3.34	-1.48	0.01	0.06	-0.1
Net Income	-15.58	40.86	164.41	311.68	474.66	484.28
Net Income to Common	-15.58	40.86	164.41	311.68	474.66	484.28
Net Income Growth	-	-75.14%	-47.25%	-34.34%	-1.99%	-5.13%
Shares Outstanding (Basic)	688	694	700	701	698	700
Shares Outstanding (Diluted)	688	694	700	701	698	701
Shares Change (YoY)	-1.21%	-0.96%	-0.01%	0.36%	-0.44%	0.17%
EPS (Basic)	-0.02	0.06	0.23	0.44	0.68	0.69
EPS (Diluted)	-0.02	0.06	0.23	0.44	0.68	0.69
EPS Growth	-	-74.90%	-47.25%	-34.57%	-1.55%	-5.29%
Free Cash Flow	45.78	-632.63	-513.47	-1,203	179.33	-96.55
Free Cash Flow Per Share	0.07	-0.91	-0.73	-1.72	0.26	-0.14
Dividend Per Share	-	-	0.060	0.100	0.150	0.150
Dividend Growth	-	-	-40.00%	-33.33%	-	-
Gross Margin	7.52%	10.08%	8.38%	18.38%	25.63%	48.93%
Operating Margin	1.28%	4.26%	6.78%	13.06%	16.34%	31.03%
Profit Margin	-0.52%	1.13%	3.46%	6.58%	13.95%	21.23%
Free Cash Flow Margin	1.52%	-17.52%	-10.80%	-25.41%	5.27%	-4.23%
EBITDA	62.88	169.74	327.64	618.99	557.16	708.92
EBITDA Margin	2.08%	4.70%	6.89%	13.07%	16.38%	31.08%
D&A For EBITDA	24.27	16.07	5.13	0.66	1.3	1.04
EBIT	38.61	153.68	322.52	618.33	555.85	707.89
EBIT Margin	1.28%	4.26%	6.78%	13.06%	16.34%	31.03%
Effective Tax Rate	88.89%	61.70%	30.66%	30.38%	23.98%	27.36%
Revenue as Reported	3,018	3,611	4,756	4,735	3,402	2,281
Advertising Expenses	-	2.93	6.38	4.21	3.88	6.75

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