China Wafer Level CSP Co., Ltd. (SHA: 603005)

China Wafer Level CSP Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,060	912.51	1,104	1,402	1,085	546.84
Other Revenue	0.78	0.78	2.15	9.6	18.46	13.53
Revenue	1,061	913.29	1,106	1,411	1,104	560.37
Revenue Growth (YoY)	16.34%	-17.43%	-21.62%	27.88%	96.93%	-1.04%
Cost of Revenue	624.1	580.05	671.98	676.31	557.01	345.07
Gross Profit	437.16	333.24	434.09	734.87	546.52	215.29
Selling, General & Admin	91.48	80.18	74.15	64.77	31.73	39.53
Research & Development	155.94	135.78	193.06	179.97	137.26	123.2
Other Operating Expenses	36.96	9.67	11.47	9.93	13.39	10.44
Operating Expenses	285.59	230.17	278.37	253.71	182.87	174.13
Operating Income	151.58	103.07	155.72	481.15	363.65	41.16
Interest Expense	-10.25	-10.25	-2.04	-0.98	-	-
Interest & Investment Income	65.01	54.13	51.34	97.82	30.23	23.95
Currency Exchange Gain (Loss)	3.69	3.69	12.81	-6.34	-10.3	4.23
Other Non Operating Income (Expenses)	0.15	-0.05	-0.04	-0.1	-0.12	0.11
EBT Excluding Unusual Items	210.18	150.58	217.78	571.54	383.46	69.45
Impairment of Goodwill	-0.49	-0.49	-0.51	-0.31	-	-
Gain (Loss) on Sale of Investments	-18.92	-29.13	-1.56	-	-9.71	-3.26
Gain (Loss) on Sale of Assets	-0	-0	-16.08	-	17.57	0.02
Other Unusual Items	71.95	39.86	41.92	67.58	41.45	46.21
Pretax Income	241.31	160.82	241.56	638.81	432.77	112.42
Income Tax Expense	13.84	4.85	7.97	60.09	51.16	4.11
Earnings From Continuing Operations	227.48	155.97	233.59	578.72	381.62	108.3
Minority Interest in Earnings	-3.59	-5.87	-5.14	-2.68	-	-
Net Income	223.89	150.1	228.44	576.05	381.62	108.3
Net Income to Common	223.89	150.1	228.44	576.05	381.62	108.3
Net Income Growth	89.24%	-34.30%	-60.34%	50.95%	252.35%	52.27%
Shares Outstanding (Basic)	658	653	653	655	616	630
Shares Outstanding (Diluted)	658	653	653	655	616	630
Shares Change (YoY)	0.70%	-0.02%	-0.29%	6.32%	-2.28%	2.14%
EPS (Basic)	0.34	0.23	0.35	0.88	0.62	0.17
EPS (Diluted)	0.34	0.23	0.35	0.88	0.62	0.17
EPS Growth	87.94%	-34.29%	-60.23%	41.98%	260.56%	49.09%
Free Cash Flow	167.71	94.86	266.77	247.9	359.76	76.94
Free Cash Flow Per Share	0.25	0.15	0.41	0.38	0.58	0.12
Dividend Per Share	0.046	0.046	0.070	0.177	0.122	0.037
Dividend Growth	-34.29%	-34.29%	-60.43%	44.53%	229.03%	43.08%
Gross Margin	41.19%	36.49%	39.25%	52.07%	49.52%	38.42%
Operating Margin	14.28%	11.29%	14.08%	34.10%	32.95%	7.35%
Profit Margin	21.10%	16.43%	20.65%	40.82%	34.58%	19.33%
Free Cash Flow Margin	15.80%	10.39%	24.12%	17.57%	32.60%	13.73%
EBITDA	322.96	269.38	315.26	623.47	489.74	163.81
EBITDA Margin	30.43%	29.50%	28.50%	44.18%	44.38%	29.23%
D&A For EBITDA	171.38	166.31	159.54	142.32	126.09	122.65
EBIT	151.58	103.07	155.72	481.15	363.65	41.16
EBIT Margin	14.28%	11.29%	14.08%	34.10%	32.95%	7.35%
Effective Tax Rate	5.73%	3.02%	3.30%	9.41%	11.82%	3.66%
Revenue as Reported	1,061	913.29	1,106	1,411	1,104	560.37
Advertising Expenses	-	0.69	0.29	0.4	0.08	0.17

Source: S&P Capital IQ. Standard template. Financial Sources.