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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	188,617	173,567	164,508	144,901	73,006	67,289
Other Revenue	1,794	1,794	1,057	637.23	426.55	761.19
Revenue	190,411	175,361	165,565	145,538	73,433	68,051
Revenue Growth (YoY)	13.54%	5.92%	13.76%	98.19%	7.91%	-6.57%
Cost of Revenue	160,613	146,048	138,189	107,327	55,919	48,970
Gross Profit	29,798	29,313	27,376	38,211	17,514	19,080
Selling, General & Admin	4,419	3,796	3,119	2,943	2,208	4,217
Research & Development	4,426	4,081	3,420	3,168	2,043	1,705
Other Operating Expenses	727.02	772.93	783.38	800.28	630.76	535.86
Operating Expenses	9,915	8,693	7,387	7,097	4,998	6,480
Operating Income	19,883	20,620	19,989	31,115	12,516	12,601
Interest Expense	-3,045	-2,837	-2,047	-2,034	-1,208	-1,204
Interest & Investment Income	1,832	1,907	1,317	1,296	505.72	324.84
Currency Exchange Gain (Loss)	25.33	25.33	7.79	-81.72	-89.15	50.81
Other Non Operating Income (Expenses)	-73.34	-150.95	-104.95	-166.22	-105.55	-78.86
EBT Excluding Unusual Items	18,623	19,564	19,162	30,128	11,619	11,693
Gain (Loss) on Sale of Investments	72.23	81.57	172.96	6.61	-6.34	7.79
Gain (Loss) on Sale of Assets	-311.07	-242.32	-221.4	-309.52	-88.49	-102.9
Asset Writedown	0.2	-13.56	-134.44	-1,065	-485.36	-311.52
Other Unusual Items	558.78	619.87	561.46	391.25	693.83	973.67
Pretax Income	18,943	20,010	19,541	29,151	11,732	12,260
Income Tax Expense	2,199	1,710	2,499	4,112	1,317	1,667
Earnings From Continuing Operations	16,744	18,300	17,042	25,039	10,415	10,593
Minority Interest in Earnings	-1,538	-1,484	-808.28	-390.68	-373.49	-463.33
Net Income	15,206	16,816	16,234	24,649	10,041	10,130
Net Income to Common	15,206	16,816	16,234	24,649	10,041	10,130
Net Income Growth	-0.80%	3.59%	-34.14%	145.47%	-0.87%	-34.92%
Shares Outstanding (Basic)	3,142	3,137	3,140	3,140	3,138	3,136
Shares Outstanding (Diluted)	3,142	3,137	3,140	3,140	3,138	3,136
Shares Change (YoY)	0.21%	-0.09%	-0.00%	0.06%	0.06%	-0.07%
EPS (Basic)	4.84	5.36	5.17	7.85	3.20	3.23
EPS (Diluted)	4.84	5.36	5.17	7.85	3.20	3.23
EPS Growth	-1.00%	3.68%	-34.14%	145.31%	-0.93%	-34.88%
Free Cash Flow	-14,455	-16,302	3,680	922.71	-6,386	8,118
Free Cash Flow Per Share	-4.60	-5.20	1.17	0.29	-2.04	2.59
Dividend Per Share	2.145	1.625	1.600	2.500	1.300	1.300
Dividend Growth	34.06%	1.56%	-36.00%	92.31%	0%	-35.00%
Gross Margin	15.65%	16.72%	16.53%	26.26%	23.85%	28.04%
Operating Margin	10.44%	11.76%	12.07%	21.38%	17.04%	18.52%
Profit Margin	7.99%	9.59%	9.80%	16.94%	13.67%	14.89%
Free Cash Flow Margin	-7.59%	-9.30%	2.22%	0.63%	-8.70%	11.93%
EBITDA	31,376	30,734	28,263	38,340	17,747	17,196
EBITDA Margin	16.48%	17.53%	17.07%	26.34%	24.17%	25.27%
D&A For EBITDA	11,493	10,114	8,275	7,225	5,231	4,595
EBIT	19,883	20,620	19,989	31,115	12,516	12,601
EBIT Margin	10.44%	11.76%	12.07%	21.38%	17.04%	18.52%
Effective Tax Rate	11.61%	8.55%	12.79%	14.11%	11.23%	13.60%
Revenue as Reported	190,411	175,361	165,565	145,538	73,433	68,051
Advertising Expenses	-	28.21	13.11	18.61	9.2	16.4

Source: S&P Capital IQ. Standard template. Financial Sources.