Western Mining 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	60,801	49,083	42,177	39,427	37,044	28,152
Other Revenue	942.21	942.21	571.53	811.81	1,456	522.47
Revenue	61,743	50,026	42,748	40,238	38,500	28,674
Revenue Growth (YoY)	30.70%	17.02%	6.24%	4.52%	34.27%	-6.19%
Cost of Revenue	50,656	40,222	35,076	32,568	30,453	24,745
Gross Profit	11,086	9,803	7,673	7,670	8,046	3,930
Selling, General & Admin	1,198	1,049	930.61	805.01	786.23	658.87
Research & Development	1,038	621.17	574.16	400.42	293.98	153.37
Other Operating Expenses	978.08	872.34	659.22	717.85	699.95	394.17
Operating Expenses	3,192	2,545	2,164	1,923	1,784	1,206
Operating Income	7,894	7,258	5,509	5,747	6,263	2,723
Interest Expense	-668.41	-753.48	-850.64	-736.5	-913.36	-855.69
Interest & Investment Income	17.72	22.51	353.11	675.63	49.26	60.35
Currency Exchange Gain (Loss)	2.01	2.01	1.92	6.99	-6.34	20.28
Other Non Operating Income (Expenses)	119.12	-31.39	-6.68	-162.71	-144.22	-17.53
EBT Excluding Unusual Items	7,365	6,498	5,006	5,530	5,248	1,931
Gain (Loss) on Sale of Investments	-159.36	39.6	72.96	118.54	-190.46	-257
Gain (Loss) on Sale of Assets	-12.46	-0.25	-374.78	-5.94	-2.19	-81.94
Asset Writedown	-428.21	-421.19	-	-180.48	-50.29	-1.48
Other Unusual Items	-114.62	-123.72	14.69	148.45	115.85	57.94
Pretax Income	6,650	5,992	4,719	5,610	5,121	1,648
Income Tax Expense	820.95	698.69	485.98	578.04	563.94	304.82
Earnings From Continuing Operations	5,829	5,294	4,233	5,032	4,557	1,344
Minority Interest in Earnings	-2,684	-2,362	-1,444	-1,615	-1,625	-436.69
Net Income	3,145	2,932	2,789	3,417	2,932	906.83
Net Income to Common	3,145	2,932	2,789	3,417	2,932	906.83
Net Income Growth	-5.39%	5.10%	-18.38%	16.56%	223.32%	-9.96%
Shares Outstanding (Basic)	2,383	2,383	2,384	2,390	2,384	2,386
Shares Outstanding (Diluted)	2,383	2,383	2,384	2,390	2,384	2,386
Shares Change (YoY)	0.36%	-0.03%	-0.24%	0.26%	-0.11%	-0.48%
EPS (Basic)	1.32	1.23	1.17	1.43	1.23	0.38
EPS (Diluted)	1.32	1.23	1.17	1.43	1.23	0.38
EPS Growth	-5.73%	5.13%	-18.18%	16.26%	223.68%	-9.52%
Free Cash Flow	5,580	4,956	3,351	8,403	4,880	-1,366
Free Cash Flow Per Share	2.34	2.08	1.41	3.52	2.05	-0.57
Dividend Per Share	1.040	1.000	0.500	1.400	0.200	0.120
Dividend Growth	108.00%	100.00%	-64.29%	600.00%	66.67%	20.00%
Gross Margin	17.96%	19.60%	17.95%	19.06%	20.90%	13.71%
Operating Margin	12.79%	14.51%	12.89%	14.28%	16.27%	9.50%
Profit Margin	5.09%	5.86%	6.53%	8.49%	7.61%	3.16%
Free Cash Flow Margin	9.04%	9.91%	7.84%	20.88%	12.68%	-4.76%
EBITDA	10,052	9,354	7,521	7,507	8,099	3,972
EBITDA Margin	16.28%	18.70%	17.59%	18.66%	21.04%	13.85%
D&A For EBITDA	2,158	2,095	2,012	1,760	1,836	1,249
EBIT	7,894	7,258	5,509	5,747	6,263	2,723
EBIT Margin	12.79%	14.51%	12.89%	14.28%	16.27%	9.50%
Effective Tax Rate	12.35%	11.66%	10.30%	10.30%	11.01%	18.49%
Revenue as Reported	61,743	50,026	42,748	40,238	38,500	28,674

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