Will Semiconductor Co., Ltd. (SHA:603501)

Will Semiconductor Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	25,670	20,966	20,035	24,040	19,753
Other Revenue	60.85	54.18	43.41	63.87	71.31
Revenue	25,731	21,021	20,078	24,104	19,824
Revenue Growth (YoY)	22.41%	4.69%	-16.70%	21.59%	45.43%
Cost of Revenue	18,483	16,845	15,263	15,970	14,143
Gross Profit	7,247	4,176	4,816	8,134	5,681
Selling, General & Admin	1,367	1,154	1,324	1,221	1,147
Research & Development	2,560	2,171	2,453	2,090	1,727
Other Operating Expenses	28.64	-16.07	49.29	18.2	18.71
Operating Expenses	3,968	3,399	3,791	3,351	2,910
Operating Income	3,280	776.6	1,024	4,783	2,772
Interest Expense	-326.7	-534	-493.89	-410.45	-296.88
Interest & Investment Income	512.72	169.38	1,075	639.53	46.08
Currency Exchange Gain (Loss)	32.31	-11.74	-117.43	34.33	-0.34
Other Non Operating Income (Expenses)	-22.67	-7.29	-9.41	-5.11	-6.06
EBT Excluding Unusual Items	3,475	392.95	1,478	5,041	2,514
Impairment of Goodwill	-237.49	-	-	-	-
Gain (Loss) on Sale of Investments	57.99	231.33	-221.24	-80.67	450.86
Gain (Loss) on Sale of Assets	7.17	1.58	6.79	-1.25	-1.42
Asset Writedown	-85.24	-5.31	-22.98	-1.48	-38.56
Other Unusual Items	60.62	70.89	60.45	44.25	65.88
Pretax Income	3,278	691.45	1,301	5,002	2,991
Income Tax Expense	-5.83	147.62	342.75	456.2	308.01
Earnings From Continuing Operations	3,284	543.82	958.57	4,546	2,683
Minority Interest in Earnings	38.94	11.8	31.73	-69.69	22.99
Net Income	3,323	555.62	990.31	4,476	2,706
Net Income to Common	3,323	555.62	990.31	4,476	2,706
Net Income Growth	498.11%	-43.89%	-77.88%	65.41%	481.17%
Shares Outstanding (Basic)	1,200	1,182	1,179	1,169	1,138
Shares Outstanding (Diluted)	1,200	1,182	1,179	1,178	1,145
Shares Change (YoY)	1.48%	0.27%	0.08%	2.86%	32.98%
EPS (Basic)	2.77	0.47	0.84	3.83	2.38
EPS (Diluted)	2.77	0.47	0.84	3.80	2.36
EPS Growth	489.36%	-44.05%	-77.90%	60.81%	337.03%
Free Cash Flow	3,523	6,488	-4,253	1,070	2,211
Free Cash Flow Per Share	2.94	5.49	-3.61	0.91	1.93
Dividend Per Share	0.420	0.140	0.084	0.385	0.233
Dividend Growth	200.00%	66.67%	-78.19%	65.11%	349.52%
Gross Margin	28.17%	19.87%	23.98%	33.74%	28.66%
Operating Margin	12.75%	3.69%	5.10%	19.84%	13.98%
Profit Margin	12.92%	2.64%	4.93%	18.57%	13.65%
Free Cash Flow Margin	13.69%	30.87%	-21.18%	4.44%	11.15%
EBITDA	4,023	1,775	1,912	5,598	3,489
EBITDA Margin	15.63%	8.44%	9.53%	23.22%	17.60%
D&A For EBITDA	742.75	998.33	888.15	814.97	717.87
EBIT	3,280	776.6	1,024	4,783	2,772
EBIT Margin	12.75%	3.69%	5.10%	19.84%	13.98%
Effective Tax Rate	-	21.35%	26.34%	9.12%	10.30%
Revenue as Reported	25,731	21,021	20,078	24,104	19,824

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