Wolong Electric Group Co.,Ltd. (SHA:600580)

Wolong Electric 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	15,945	15,856	15,226	14,600	13,588	12,085
Other Revenue	354.74	391.05	341.04	398.22	411.44	479.66
Revenue	16,300	16,247	15,567	14,998	13,999	12,565
Revenue Growth (YoY)	3.62%	4.37%	3.79%	7.13%	11.41%	1.20%
Cost of Revenue	12,415	12,382	11,747	11,486	10,868	9,487
Gross Profit	3,885	3,865	3,820	3,512	3,131	3,078
Selling, General & Admin	2,049	2,075	2,016	1,740	1,527	1,550
Research & Development	615.91	642.19	557.41	575.15	514.7	401.06
Other Operating Expenses	39.04	8.98	18.93	66.15	61.6	-26.03
Operating Expenses	2,804	2,816	2,680	2,494	2,165	1,971
Operating Income	1,081	1,048	1,140	1,019	966.26	1,108
Interest Expense	-230.03	-248.84	-251.9	-275.02	-246.03	-297.4
Interest & Investment Income	104.55	61.61	25.35	108.47	17.93	110.18
Currency Exchange Gain (Loss)	37.8	9.73	30.29	70.93	-34.12	-34.86
Other Non Operating Income (Expenses)	2.04	-5.26	-22.75	-25.98	-88.69	-42.81
EBT Excluding Unusual Items	995.44	865.67	920.92	896.98	615.34	842.64
Merger & Restructuring Charges	-5.47	-6.47	-6.11	-	-	-8.51
Impairment of Goodwill	-	-	2.3	-2.02	-0.28	-
Gain (Loss) on Sale of Investments	128.34	62.73	-341.08	-3.07	183.49	23.9
Gain (Loss) on Sale of Assets	-3.24	8.32	17.02	0.48	421.25	209.91
Asset Writedown	-1.41	-1.4	-0.69	-4.44	-33.19	-4.96
Other Unusual Items	96.7	61.69	169.54	102.69	94.45	7.52
Pretax Income	1,210	990.53	767.39	998.93	1,285	1,071
Income Tax Expense	239.18	158.28	214.52	160.22	228.11	147.89
Earnings From Continuing Operations	971.18	832.26	552.88	838.7	1,057	922.63
Minority Interest in Earnings	-33.95	-39.43	-23.03	-39.16	-69.41	-55.82
Net Income	937.23	792.83	529.85	799.54	987.82	866.81
Net Income to Common	937.23	792.83	529.85	799.54	987.82	866.81
Net Income Growth	195.15%	49.63%	-33.73%	-19.06%	13.96%	-9.99%
Shares Outstanding (Basic)	1,541	1,559	1,563	1,559	1,561	1,564
Shares Outstanding (Diluted)	1,541	1,559	1,563	1,561	1,565	1,569
Shares Change (YoY)	-1.68%	-0.27%	0.11%	-0.22%	-0.30%	1.23%
EPS (Basic)	0.61	0.51	0.34	0.51	0.63	0.55
EPS (Diluted)	0.61	0.51	0.34	0.51	0.63	0.55
EPS Growth	200.19%	50.03%	-33.80%	-18.88%	14.30%	-11.09%
Free Cash Flow	859.35	333.8	334.88	311.59	528.08	546.36
Free Cash Flow Per Share	0.56	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	23.83%	23.79%	24.54%	23.42%	22.37%	24.50%
Operating Margin	6.63%	6.45%	7.32%	6.79%	6.90%	8.81%
Profit Margin	5.75%	4.88%	3.40%	5.33%	7.06%	6.90%
Free Cash Flow Margin	5.27%	2.05%	2.15%	2.08%	3.77%	4.35%
EBITDA	1,770	1,741	1,772	1,543	1,442	1,591
EBITDA Margin	10.86%	10.71%	11.39%	10.29%	10.30%	12.67%
D&A For EBITDA	689.12	692.34	632.5	524.21	476.13	483.8
EBIT	1,081	1,048	1,140	1,019	966.26	1,108
EBIT Margin	6.63%	6.45%	7.32%	6.79%	6.90%	8.81%
Effective Tax Rate	19.76%	15.98%	27.95%	16.04%	17.75%	13.81%
Revenue as Reported	16,300	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.