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

Zhejiang Wansheng 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	2,803	2,843	3,557	4,113	2,317	1,925
Other Revenue	7.7	7.7	7.52	1.28	5.23	4.89
Revenue	2,811	2,850	3,564	4,115	2,322	1,930
Revenue Growth (YoY)	-9.23%	-20.03%	-13.38%	77.18%	20.35%	11.35%
Cost of Revenue	2,319	2,323	2,812	2,769	1,623	1,459
Gross Profit	492.43	527.24	751.8	1,345	699.5	470.84
Selling, General & Admin	184.72	187.38	212.64	190.19	117.52	199.69
Research & Development	105.88	118.37	129.52	131.95	95.6	84.64
Other Operating Expenses	36.65	16.86	21.91	25.5	13.68	12.06
Operating Expenses	322.69	322.75	353.2	358.31	233.1	293.1
Operating Income	169.74	204.49	398.6	986.93	466.4	177.75
Interest Expense	-25.2	-24.45	-17.4	-12.88	-20.86	-22.37
Interest & Investment Income	28.39	45.2	36.99	7.14	9.85	3.33
Currency Exchange Gain (Loss)	9.56	9.56	29.73	-18.73	-13.62	4.04
Other Non Operating Income (Expenses)	-10.05	-8.36	-5.52	-3.62	-1.45	-1.37
EBT Excluding Unusual Items	172.43	226.44	442.41	958.84	440.33	161.38
Impairment of Goodwill	-20.17	-20.17	-9.01	-	-	-72.59
Gain (Loss) on Sale of Investments	-11.68	-2.06	-3.04	2.7	5.36	-3.79
Gain (Loss) on Sale of Assets	-18.29	-17.74	-16	-7.05	-7.78	-10.15
Asset Writedown	-4.03	-1.45	-11.49	-10.3	-5.54	-
Other Unusual Items	28.95	18.41	10.98	10.54	11.08	97.66
Pretax Income	147.22	203.44	413.84	954.73	443.45	172.51
Income Tax Expense	22.47	30.61	72.47	130.26	60.81	19.55
Earnings From Continuing Operations	124.75	172.82	341.37	824.48	382.64	152.96
Minority Interest in Earnings	13.24	10.95	23.9	-	10.58	12.81
Net Income	138	183.77	365.28	824.48	393.22	165.77
Net Income to Common	138	183.77	365.28	824.48	393.22	165.77
Net Income Growth	-43.66%	-49.69%	-55.70%	109.67%	137.21%	54.19%
Shares Outstanding (Basic)	598	593	562	482	480	494
Shares Outstanding (Diluted)	598	593	562	485	485	494
Shares Change (YoY)	2.34%	5.49%	15.87%	-0.10%	-1.69%	-1.57%
EPS (Basic)	0.23	0.31	0.65	1.71	0.82	0.34
EPS (Diluted)	0.23	0.31	0.65	1.70	0.81	0.34
EPS Growth	-44.95%	-52.31%	-61.76%	109.88%	141.29%	56.65%
Free Cash Flow	-175.22	-353.94	-577.53	574.26	223.73	24.47
Free Cash Flow Per Share	-0.29	-0.60	-1.03	1.18	0.46	0.05
Dividend Per Share	0.185	0.185	0.200	0.420	0.286	0.107
Dividend Growth	-7.50%	-7.50%	-52.38%	47.01%	166.76%	40.00%
Gross Margin	17.52%	18.50%	21.09%	32.69%	30.12%	24.40%
Operating Margin	6.04%	7.17%	11.18%	23.99%	20.08%	9.21%
Profit Margin	4.91%	6.45%	10.25%	20.04%	16.93%	8.59%
Free Cash Flow Margin	-6.23%	-12.42%	-16.20%	13.96%	9.63%	1.27%
EBITDA	316.51	344.1	528.64	1,077	543.07	242.61
EBITDA Margin	11.26%	12.07%	14.83%	26.17%	23.38%	12.57%
D&A For EBITDA	146.78	139.6	130.04	89.88	76.66	64.86
EBIT	169.74	204.49	398.6	986.93	466.4	177.75
EBIT Margin	6.04%	7.17%	11.18%	23.99%	20.08%	9.21%
Effective Tax Rate	15.26%	15.05%	17.51%	13.64%	13.71%	11.33%
Revenue as Reported	2,811	2,850	3,564	4,115	2,322	1,930
Advertising Expenses	-	0.24	0.09	0.02	0.05	0.21

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