Wanhua Chemical Group Co., Ltd. (SHA:600309)

Wanhua Chemical 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	178,257	181,350	173,567	164,508	144,901	73,006
Other Revenue	719.25	719.25	1,794	1,057	637.23	426.55
Revenue	178,976	182,069	175,361	165,565	145,538	73,433
Revenue Growth (YoY)	-0.34%	3.82%	5.92%	13.76%	98.19%	7.91%
Cost of Revenue	151,257	152,976	146,048	138,189	107,327	55,919
Gross Profit	27,719	29,093	29,313	27,376	38,211	17,514
Selling, General & Admin	4,727	4,642	3,796	3,119	2,943	2,208
Research & Development	4,674	4,550	4,081	3,420	3,168	2,043
Other Operating Expenses	215.28	421.1	772.93	783.38	800.28	630.76
Operating Expenses	9,819	9,815	8,693	7,387	7,097	4,998
Operating Income	17,900	19,277	20,620	19,989	31,115	12,516
Interest Expense	-2,817	-2,817	-2,837	-2,047	-2,034	-1,208
Interest & Investment Income	1,462	1,654	1,907	1,317	1,296	505.72
Currency Exchange Gain (Loss)	-37.76	-37.76	25.33	7.79	-81.72	-89.15
Other Non Operating Income (Expenses)	-203.02	-137.56	-150.95	-104.95	-166.22	-105.55
EBT Excluding Unusual Items	16,507	17,939	19,564	19,162	30,128	11,619
Gain (Loss) on Sale of Investments	-7.67	-76.39	81.57	172.96	6.61	-6.34
Gain (Loss) on Sale of Assets	-884.58	-845.79	-242.32	-221.4	-309.52	-88.49
Asset Writedown	-458.09	-406.18	-13.56	-134.44	-1,065	-485.36
Other Unusual Items	313.3	313.3	619.87	561.46	391.25	693.83
Pretax Income	15,470	16,924	20,010	19,541	29,151	11,732
Income Tax Expense	1,865	2,133	1,710	2,499	4,112	1,317
Earnings From Continuing Operations	13,605	14,791	18,300	17,042	25,039	10,415
Minority Interest in Earnings	-1,647	-1,758	-1,484	-808.28	-390.68	-373.49
Net Income	11,958	13,033	16,816	16,234	24,649	10,041
Net Income to Common	11,958	13,033	16,816	16,234	24,649	10,041
Net Income Growth	-29.33%	-22.50%	3.59%	-34.14%	145.47%	-0.87%
Shares Outstanding (Basic)	3,139	3,140	3,137	3,140	3,140	3,138
Shares Outstanding (Diluted)	3,139	3,140	3,137	3,140	3,140	3,138
Shares Change (YoY)	0.01%	0.10%	-0.09%	-	0.06%	0.06%
EPS (Basic)	3.81	4.15	5.36	5.17	7.85	3.20
EPS (Diluted)	3.81	4.15	5.36	5.17	7.85	3.20
EPS Growth	-29.33%	-22.57%	3.67%	-34.14%	145.31%	-0.93%
Free Cash Flow	-6,276	-5,777	-16,302	3,680	922.71	-6,386
Free Cash Flow Per Share	-2.00	-1.84	-5.20	1.17	0.29	-2.04
Dividend Per Share	1.250	1.250	1.625	1.600	2.500	1.300
Dividend Growth	-23.08%	-23.08%	1.56%	-36.00%	92.31%	-
Gross Margin	15.49%	15.98%	16.72%	16.54%	26.25%	23.85%
Operating Margin	10.00%	10.59%	11.76%	12.07%	21.38%	17.04%
Profit Margin	6.68%	7.16%	9.59%	9.80%	16.94%	13.67%
Free Cash Flow Margin	-3.51%	-3.17%	-9.30%	2.22%	0.63%	-8.70%
EBITDA	30,128	31,087	30,756	28,263	38,340	17,747
EBITDA Margin	16.83%	17.07%	17.54%	17.07%	26.34%	24.17%
D&A For EBITDA	12,228	11,810	10,136	8,275	7,225	5,231
EBIT	17,900	19,277	20,620	19,989	31,115	12,516
EBIT Margin	10.00%	10.59%	11.76%	12.07%	21.38%	17.04%
Effective Tax Rate	12.06%	12.60%	8.55%	12.79%	14.11%	11.23%
Revenue as Reported	182,069	182,069	175,361	165,565	145,538	73,433
Advertising Expenses	-	39.59	28.21	13.11	18.61	9.2

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.