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 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	15,070	15,123	15,856	15,226	14,600	13,588
Other Revenue	330.08	330.08	391.05	341.04	398.22	411.44
Revenue	15,400	15,454	16,247	15,567	14,998	13,999
Revenue Growth (YoY)	-6.92%	-4.88%	4.37%	3.79%	7.13%	11.41%
Cost of Revenue	11,574	11,572	12,382	11,747	11,486	10,868
Gross Profit	3,827	3,881	3,865	3,820	3,512	3,131
Selling, General & Admin	1,965	1,993	2,075	2,016	1,740	1,527
Research & Development	669.23	660.75	642.19	557.41	575.15	514.7
Other Operating Expenses	-58.38	21.17	8.98	18.93	66.15	61.6
Operating Expenses	2,607	2,706	2,816	2,680	2,494	2,165
Operating Income	1,220	1,176	1,048	1,140	1,019	966.26
Interest Expense	-190.77	-190.77	-248.84	-251.9	-275.02	-246.03
Interest & Investment Income	186.22	160.21	61.61	25.35	108.47	17.93
Currency Exchange Gain (Loss)	-46.87	-46.87	9.73	30.29	70.93	-34.12
Other Non Operating Income (Expenses)	-61.49	-16.71	-16.68	-22.75	-25.98	-88.69
EBT Excluding Unusual Items	1,107	1,081	854.25	920.92	896.98	615.34
Merger & Restructuring Charges	-2.54	-2.54	-6.47	-6.11	-	-
Impairment of Goodwill	-8.03	-8.03	-	2.3	-2.02	-0.28
Gain (Loss) on Sale of Investments	148.39	174.8	62.73	-341.08	-3.07	183.49
Gain (Loss) on Sale of Assets	4.11	3.11	14.48	17.02	0.48	421.25
Asset Writedown	0	-4.84	-7.57	-0.69	-4.44	-33.19
Other Unusual Items	107.77	107.77	73.11	169.54	102.69	94.45
Pretax Income	1,357	1,352	990.53	767.39	998.93	1,285
Income Tax Expense	213.76	213.5	158.28	214.52	160.22	228.11
Earnings From Continuing Operations	1,143	1,138	832.26	552.88	838.7	1,057
Minority Interest in Earnings	-8.81	-12.03	-39.43	-23.03	-39.16	-69.41
Net Income	1,134	1,126	792.83	529.85	799.54	987.82
Net Income to Common	1,134	1,126	792.83	529.85	799.54	987.82
Net Income Growth	35.27%	42.04%	49.63%	-33.73%	-19.06%	13.96%
Shares Outstanding (Basic)	1,557	1,557	1,559	1,563	1,559	1,561
Shares Outstanding (Diluted)	1,557	1,557	1,559	1,563	1,561	1,565
Shares Change (YoY)	0.11%	-0.12%	-0.27%	0.11%	-0.22%	-0.30%
EPS (Basic)	0.73	0.72	0.51	0.34	0.51	0.63
EPS (Diluted)	0.73	0.72	0.51	0.34	0.51	0.63
EPS Growth	35.12%	42.21%	50.03%	-33.80%	-18.88%	14.30%
Free Cash Flow	936.04	934.48	333.8	334.88	311.59	528.08
Free Cash Flow Per Share	0.60	0.60	0.21	0.21	0.20	0.34
Dividend Per Share	0.180	0.180	0.125	0.083	0.125	0.125
Dividend Growth	44.00%	44.00%	50.06%	-33.36%	-	-
Gross Margin	24.85%	25.11%	23.79%	24.54%	23.42%	22.37%
Operating Margin	7.92%	7.61%	6.45%	7.32%	6.79%	6.90%
Profit Margin	7.36%	7.29%	4.88%	3.40%	5.33%	7.06%
Free Cash Flow Margin	6.08%	6.05%	2.05%	2.15%	2.08%	3.77%
EBITDA	1,854	1,826	1,763	1,772	1,543	1,442
EBITDA Margin	12.04%	11.82%	10.85%	11.39%	10.29%	10.30%
D&A For EBITDA	634.29	650.39	714.78	632.5	524.21	476.13
EBIT	1,220	1,176	1,048	1,140	1,019	966.26
EBIT Margin	7.92%	7.61%	6.45%	7.32%	6.79%	6.90%
Effective Tax Rate	15.76%	15.79%	15.98%	27.95%	16.04%	17.75%
Revenue as Reported	15,454	15,454	16,247	15,567	14,998	13,999
Advertising Expenses	-	19.97	19.48	24.97	14.86	13.16

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