Atlantic China Welding Consumables, Inc. (SHA:600558)

SHA:600558 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,543	3,547	3,422	3,317	3,425	2,980
Other Revenue	15.37	13.4	16.76	23.1	20.04	31.28
Revenue	3,558	3,561	3,438	3,340	3,445	3,012
Revenue Growth (YoY)	0.77%	3.56%	2.94%	-3.05%	14.39%	8.03%
Cost of Revenue	2,993	3,046	3,003	2,981	3,059	2,588
Gross Profit	565.25	514.25	435.83	359.21	386.44	423.8
Selling, General & Admin	220.74	222.63	213.25	191.69	180.73	191.35
Research & Development	91.64	88.04	70.86	65.77	44.28	43.03
Other Operating Expenses	31.35	19.28	18.98	19.65	16.84	17.28
Operating Expenses	341.79	329.24	301.08	280.54	244.45	249.59
Operating Income	223.46	185.01	134.75	78.67	141.99	174.21
Interest Expense	-4.48	-5.74	-10.06	-13.3	-16.04	-17.07
Interest & Investment Income	6.92	6.83	7.85	10.5	6.45	13.48
Earnings From Equity Investments	-2.78	-	-	-	-	-
Currency Exchange Gain (Loss)	1.85	2.57	1.23	2.79	-0.61	-2.62
Other Non Operating Income (Expenses)	-4.53	-4.23	-1.68	-1.52	-1.08	-2.85
EBT Excluding Unusual Items	220.44	184.43	132.09	77.14	130.71	165.15
Gain (Loss) on Sale of Assets	0.05	1.83	-3.43	0.01	7.71	-0.56
Asset Writedown	-10.37	-7.1	-14.17	-5.47	-37.97	-18.79
Other Unusual Items	33.7	22.92	20.58	9.55	18.09	4.4
Pretax Income	243.82	202.08	135.07	81.22	118.54	150.2
Income Tax Expense	35.27	27.78	18.94	3.11	19.44	26.09
Earnings From Continuing Operations	208.55	174.3	116.13	78.11	99.1	124.11
Minority Interest in Earnings	-25.59	-19.32	-14.82	-10.03	-21.7	-18.2
Net Income	182.96	154.98	101.31	68.08	77.4	105.91
Net Income to Common	182.96	154.98	101.31	68.08	77.4	105.91
Net Income Growth	65.03%	52.97%	48.81%	-12.03%	-26.92%	27.64%
Shares Outstanding (Basic)	897	897	897	898	898	898
Shares Outstanding (Diluted)	897	897	897	898	898	898
Shares Change (YoY)	-0.04%	0.00%	-0.09%	0.04%	0.04%	-0.05%
EPS (Basic)	0.20	0.17	0.11	0.08	0.09	0.12
EPS (Diluted)	0.20	0.17	0.11	0.08	0.09	0.12
EPS Growth	65.11%	52.97%	48.95%	-12.06%	-26.95%	27.71%
Free Cash Flow	246.7	201.76	169.95	129.91	35.61	58.28
Free Cash Flow Per Share	0.28	0.23	0.19	0.14	0.04	0.07
Dividend Per Share	0.150	0.100	0.055	0.030	0.030	0.040
Dividend Growth	172.73%	81.82%	83.33%	-	-25.00%	33.33%
Gross Margin	15.89%	14.44%	12.68%	10.76%	11.22%	14.07%
Operating Margin	6.28%	5.20%	3.92%	2.35%	4.12%	5.79%
Profit Margin	5.14%	4.35%	2.95%	2.04%	2.25%	3.52%
Free Cash Flow Margin	6.93%	5.67%	4.94%	3.89%	1.03%	1.93%
EBITDA	321.4	282.1	211.27	153.61	214.01	246.77
EBITDA Margin	9.03%	7.92%	6.14%	4.60%	6.21%	8.19%
D&A For EBITDA	97.94	97.09	76.52	74.93	72.02	72.56
EBIT	223.46	185.01	134.75	78.67	141.99	174.21
EBIT Margin	6.28%	5.20%	3.92%	2.35%	4.12%	5.79%
Effective Tax Rate	14.46%	13.75%	14.02%	3.83%	16.40%	17.37%
Revenue as Reported	3,558	3,561	3,438	3,340	3,445	3,012
Advertising Expenses	-	1.41	0.9	0.26	0.32	0.66

Source: S&P Global Market Intelligence. Standard template. Financial Sources.