Wanhua Chemical Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	213,367	202,383	181,350	173,567	164,508	144,901
Other Revenue	852.06	852.06	719.25	1,794	1,057	637.23
Revenue	214,219	203,235	182,069	175,361	165,565	145,538
Revenue Growth (YoY)	19.69%	11.63%	3.82%	5.92%	13.76%	98.19%
Cost of Revenue	185,752	175,964	152,976	146,048	138,189	107,327
Gross Profit	28,467	27,270	29,093	29,313	27,376	38,211
Selling, General & Admin	4,293	4,432	4,642	3,796	3,119	2,943
Research & Development	4,736	4,865	4,550	4,081	3,420	3,168
Other Operating Expenses	887.78	644.59	421.1	772.93	783.38	800.28
Operating Expenses	9,858	9,899	9,815	8,693	7,387	7,097
Operating Income	18,609	17,371	19,277	20,620	19,989	31,115
Interest Expense	-2,943	-2,936	-2,817	-2,837	-2,047	-2,034
Interest & Investment Income	1,802	1,796	1,654	1,907	1,317	1,296
Currency Exchange Gain (Loss)	-70.13	-70.13	-37.76	25.33	7.79	-81.72
Other Non Operating Income (Expenses)	-294.19	-290.96	-340.2	-150.95	-104.95	-166.22
EBT Excluding Unusual Items	17,105	15,870	17,737	19,564	19,162	30,128
Gain (Loss) on Sale of Investments	408.43	367.66	-76.39	81.57	172.96	6.61
Gain (Loss) on Sale of Assets	-348.61	-349.14	-845.79	-242.32	-221.4	-309.52
Asset Writedown	20.97	-115.86	-406.18	-13.56	-134.44	-1,065
Other Unusual Items	495.24	495.24	515.94	619.87	561.46	391.25
Pretax Income	17,681	16,268	16,924	20,010	19,541	29,151
Income Tax Expense	2,656	2,228	2,133	1,710	2,499	4,112
Earnings From Continuing Operations	15,025	14,040	14,791	18,300	17,042	25,039
Minority Interest in Earnings	-1,862	-1,513	-1,758	-1,484	-808.28	-390.68
Net Income	13,163	12,527	13,033	16,816	16,234	24,649
Net Income to Common	13,163	12,527	13,033	16,816	16,234	24,649
Net Income Growth	10.08%	-3.88%	-22.50%	3.59%	-34.14%	145.47%
Shares Outstanding (Basic)	3,134	3,140	3,140	3,137	3,140	3,140
Shares Outstanding (Diluted)	3,134	3,140	3,140	3,137	3,140	3,140
Shares Change (YoY)	-0.16%	-0.03%	0.10%	-0.09%	-	0.06%
EPS (Basic)	4.20	3.99	4.15	5.36	5.17	7.85
EPS (Diluted)	4.20	3.99	4.15	5.36	5.17	7.85
EPS Growth	10.25%	-3.85%	-22.57%	3.67%	-34.14%	145.31%
Free Cash Flow	12,728	2,394	-5,777	-16,302	3,680	922.71
Free Cash Flow Per Share	4.06	0.76	-1.84	-5.20	1.17	0.29
Dividend Per Share	-	-	1.250	1.625	1.600	2.500
Dividend Growth	-	-	-23.08%	1.56%	-36.00%	92.31%
Gross Margin	13.29%	13.42%	15.98%	16.72%	16.54%	26.25%
Operating Margin	8.69%	8.55%	10.59%	11.76%	12.07%	21.38%
Profit Margin	6.14%	6.16%	7.16%	9.59%	9.80%	16.94%
Free Cash Flow Margin	5.94%	1.18%	-3.17%	-9.30%	2.22%	0.63%
EBITDA	34,665	32,583	31,112	30,756	28,263	38,340
EBITDA Margin	16.18%	16.03%	17.09%	17.54%	17.07%	26.34%
D&A For EBITDA	16,056	15,212	11,835	10,136	8,275	7,225
EBIT	18,609	17,371	19,277	20,620	19,989	31,115
EBIT Margin	8.69%	8.55%	10.59%	11.76%	12.07%	21.38%
Effective Tax Rate	15.02%	13.70%	12.60%	8.55%	12.79%	14.11%
Revenue as Reported	214,219	203,235	182,069	175,361	165,565	145,538
Advertising Expenses	-	40.64	39.59	28.21	13.11	18.61

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.