Wolong Electric Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	15,629	15,856	15,226	14,600	13,588	12,085
Other Revenue	391.05	391.05	341.04	398.22	411.44	479.66
Revenue	16,020	16,247	15,567	14,998	13,999	12,565
Revenue Growth (YoY)	2.07%	4.37%	3.79%	7.13%	11.41%	1.20%
Cost of Revenue	12,177	12,382	11,747	11,486	10,868	9,487
Gross Profit	3,843	3,865	3,820	3,512	3,131	3,078
Selling, General & Admin	1,992	2,075	2,016	1,740	1,527	1,550
Research & Development	658.71	642.19	557.41	575.15	514.7	401.06
Other Operating Expenses	-18.51	8.98	18.93	66.15	61.6	-26.03
Operating Expenses	2,736	2,816	2,680	2,494	2,165	1,971
Operating Income	1,107	1,048	1,140	1,019	966.26	1,108
Interest Expense	-222.57	-248.84	-251.9	-275.02	-246.03	-297.4
Interest & Investment Income	131.93	61.61	25.35	108.47	17.93	110.18
Currency Exchange Gain (Loss)	9.73	9.73	30.29	70.93	-34.12	-34.86
Other Non Operating Income (Expenses)	22.29	-5.26	-22.75	-25.98	-88.69	-42.81
EBT Excluding Unusual Items	1,048	865.67	920.92	896.98	615.34	842.64
Merger & Restructuring Charges	-6.47	-6.47	-6.11	-	-	-8.51
Impairment of Goodwill	-	-	2.3	-2.02	-0.28	-
Gain (Loss) on Sale of Investments	63.11	62.73	-341.08	-3.07	183.49	23.9
Gain (Loss) on Sale of Assets	-0.94	8.32	17.02	0.48	421.25	209.91
Asset Writedown	45.78	-1.4	-0.69	-4.44	-33.19	-4.96
Other Unusual Items	61.69	61.69	169.54	102.69	94.45	7.52
Pretax Income	1,211	990.53	767.39	998.93	1,285	1,071
Income Tax Expense	228.21	158.28	214.52	160.22	228.11	147.89
Earnings From Continuing Operations	983.13	832.26	552.88	838.7	1,057	922.63
Minority Interest in Earnings	-9.94	-39.43	-23.03	-39.16	-69.41	-55.82
Net Income	973.19	792.83	529.85	799.54	987.82	866.81
Net Income to Common	973.19	792.83	529.85	799.54	987.82	866.81
Net Income Growth	298.64%	49.63%	-33.73%	-19.06%	13.96%	-9.99%
Shares Outstanding (Basic)	1,550	1,559	1,563	1,559	1,561	1,564
Shares Outstanding (Diluted)	1,550	1,559	1,563	1,561	1,565	1,569
Shares Change (YoY)	-0.50%	-0.27%	0.11%	-0.22%	-0.30%	1.23%
EPS (Basic)	0.63	0.51	0.34	0.51	0.63	0.55
EPS (Diluted)	0.63	0.51	0.34	0.51	0.63	0.55
EPS Growth	300.65%	50.03%	-33.80%	-18.88%	14.30%	-11.09%
Free Cash Flow	856.47	333.8	334.88	311.59	528.08	546.36
Free Cash Flow Per Share	0.55	0.21	0.21	0.20	0.34	0.35
Dividend Per Share	0.125	0.125	0.083	0.125	0.125	0.125
Dividend Growth	50.06%	50.06%	-33.36%	-	-	-
Gross Margin	23.99%	23.79%	24.54%	23.42%	22.37%	24.50%
Operating Margin	6.91%	6.45%	7.32%	6.79%	6.90%	8.81%
Profit Margin	6.08%	4.88%	3.40%	5.33%	7.06%	6.90%
Free Cash Flow Margin	5.35%	2.05%	2.15%	2.08%	3.77%	4.35%
EBITDA	1,844	1,741	1,772	1,543	1,442	1,591
EBITDA Margin	11.51%	10.71%	11.39%	10.29%	10.30%	12.67%
D&A For EBITDA	737.21	692.34	632.5	524.21	476.13	483.8
EBIT	1,107	1,048	1,140	1,019	966.26	1,108
EBIT Margin	6.91%	6.45%	7.32%	6.79%	6.90%	8.81%
Effective Tax Rate	18.84%	15.98%	27.95%	16.04%	17.75%	13.81%
Revenue as Reported	16,020	16,247	15,567	14,998	13,999	12,565
Advertising Expenses	-	19.48	24.97	14.86	13.16	10.73

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