Zhejiang Wansheng Co., Ltd. (SHA:603010)

Zhejiang Wansheng 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,318	2,958	2,843	3,557	4,113	2,317
Other Revenue	5.76	5.76	7.7	7.52	1.28	5.23
Revenue	3,324	2,963	2,850	3,564	4,115	2,322
Revenue Growth (YoY)	18.25%	3.97%	-20.03%	-13.38%	77.18%	20.35%
Cost of Revenue	2,708	2,436	2,323	2,812	2,769	1,623
Gross Profit	616.28	527.27	527.24	751.8	1,345	699.5
Selling, General & Admin	296.33	234.13	187.38	212.64	190.19	117.52
Research & Development	132.17	109.49	118.37	129.52	131.95	95.6
Other Operating Expenses	6.08	16.34	16.86	21.91	25.5	13.68
Operating Expenses	436.26	364.44	322.75	353.2	358.31	233.1
Operating Income	180.02	162.83	204.49	398.6	986.93	466.4
Interest Expense	-39.32	-28.74	-24.45	-17.4	-12.88	-20.86
Interest & Investment Income	26.74	30.24	45.2	36.99	7.14	9.85
Currency Exchange Gain (Loss)	7.64	7.64	9.56	29.73	-18.73	-13.62
Other Non Operating Income (Expenses)	2.4	-1.39	-8.36	-5.52	-3.62	-1.45
EBT Excluding Unusual Items	177.48	170.58	226.44	442.41	958.84	440.33
Impairment of Goodwill	-1.16	-1.16	-20.17	-9.01	-	-
Gain (Loss) on Sale of Investments	18.34	-3.49	-2.06	-3.04	2.7	5.36
Gain (Loss) on Sale of Assets	-0.79	-0.98	-17.74	-16	-7.05	-7.78
Asset Writedown	-113.17	-62.68	-1.45	-11.49	-10.3	-5.54
Other Unusual Items	10.5	10.5	18.41	10.98	10.54	11.08
Pretax Income	91.19	112.77	203.44	413.84	954.73	443.45
Income Tax Expense	52.13	31.37	30.61	72.47	130.26	60.81
Earnings From Continuing Operations	39.07	81.4	172.82	341.37	824.48	382.64
Minority Interest in Earnings	-4.39	22.03	10.95	23.9	-	10.58
Net Income	34.67	103.42	183.77	365.28	824.48	393.22
Net Income to Common	34.67	103.42	183.77	365.28	824.48	393.22
Net Income Growth	-74.87%	-43.72%	-49.69%	-55.70%	109.67%	137.21%
Shares Outstanding (Basic)	546	575	593	562	482	480
Shares Outstanding (Diluted)	546	575	593	562	485	485
Shares Change (YoY)	-8.57%	-3.07%	5.49%	15.87%	-0.10%	-1.69%
EPS (Basic)	0.06	0.18	0.31	0.65	1.71	0.82
EPS (Diluted)	0.06	0.18	0.31	0.65	1.70	0.81
EPS Growth	-72.52%	-41.94%	-52.31%	-61.77%	109.88%	141.29%
Free Cash Flow	-84.55	-41.34	-353.94	-577.53	574.26	223.73
Free Cash Flow Per Share	-0.15	-0.07	-0.60	-1.03	1.18	0.46
Dividend Per Share	0.080	0.080	0.185	0.200	0.420	0.286
Dividend Growth	-56.76%	-56.76%	-7.50%	-52.38%	47.01%	166.76%
Gross Margin	18.54%	17.79%	18.50%	21.09%	32.69%	30.12%
Operating Margin	5.42%	5.50%	7.17%	11.18%	23.99%	20.08%
Profit Margin	1.04%	3.49%	6.45%	10.25%	20.04%	16.93%
Free Cash Flow Margin	-2.54%	-1.40%	-12.42%	-16.20%	13.96%	9.63%
EBITDA	374.45	334.18	345.08	528.64	1,077	543.07
EBITDA Margin	11.27%	11.28%	12.11%	14.83%	26.17%	23.39%
D&A For EBITDA	194.43	171.35	140.59	130.04	89.88	76.66
EBIT	180.02	162.83	204.49	398.6	986.93	466.4
EBIT Margin	5.42%	5.50%	7.17%	11.18%	23.99%	20.08%
Effective Tax Rate	57.16%	27.82%	15.05%	17.51%	13.64%	13.71%
Revenue as Reported	3,324	2,963	2,850	3,564	4,115	2,322
Advertising Expenses	-	0.11	0.24	0.09	0.02	0.05

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