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

Will Semiconductor 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	24,203	20,966	20,035	24,040	19,753	13,594
Other Revenue	50.34	54.18	43.41	63.87	71.31	37.81
Revenue	24,254	21,021	20,078	24,104	19,824	13,632
Revenue Growth (YoY)	35.76%	4.69%	-16.70%	21.59%	45.43%	40.51%
Cost of Revenue	18,398	16,845	15,263	15,970	14,143	10,120
Gross Profit	5,856	4,176	4,816	8,134	5,681	3,512
Selling, General & Admin	1,248	1,154	1,324	1,221	1,147	1,132
Research & Development	2,492	2,171	2,453	2,090	1,727	1,282
Other Operating Expenses	12.14	-16.07	49.29	18.2	18.71	15.05
Operating Expenses	3,831	3,399	3,791	3,351	2,910	2,492
Operating Income	2,025	776.6	1,024	4,783	2,772	1,020
Interest Expense	-416.5	-534	-493.89	-410.45	-296.88	-285.41
Interest & Investment Income	337.87	169.38	1,075	639.53	46.08	36.33
Currency Exchange Gain (Loss)	-1.42	-11.74	-117.43	34.33	-0.34	-22.6
Other Non Operating Income (Expenses)	-16.44	-7.29	-9.41	-5.11	-6.06	-3.92
EBT Excluding Unusual Items	1,928	392.95	1,478	5,041	2,514	744.41
Gain (Loss) on Sale of Investments	-10.65	231.33	-221.24	-80.67	450.86	60.54
Gain (Loss) on Sale of Assets	3.91	1.58	6.79	-1.25	-1.42	-2.33
Asset Writedown	-10.32	-5.31	-22.98	-1.48	-38.56	-27.6
Legal Settlements	-	-	-	-	-	-3.37
Other Unusual Items	94.11	70.89	60.45	44.25	65.88	12.81
Pretax Income	2,005	691.45	1,301	5,002	2,991	784.46
Income Tax Expense	248.12	147.62	342.75	456.2	308.01	79.18
Earnings From Continuing Operations	1,757	543.82	958.57	4,546	2,683	705.28
Minority Interest in Earnings	12.48	11.8	31.73	-69.69	22.99	-239.64
Net Income	1,770	555.62	990.31	4,476	2,706	465.63
Net Income to Common	1,770	555.62	990.31	4,476	2,706	465.63
Net Income Growth	-	-43.89%	-77.88%	65.41%	481.17%	221.14%
Shares Outstanding (Basic)	1,193	1,182	1,179	1,169	1,138	827
Shares Outstanding (Diluted)	1,193	1,182	1,179	1,178	1,145	861
Shares Change (YoY)	1.09%	0.27%	0.08%	2.86%	32.98%	33.20%
EPS (Basic)	1.48	0.47	0.84	3.83	2.38	0.56
EPS (Diluted)	1.48	0.47	0.84	3.80	2.36	0.54
EPS Growth	-	-44.05%	-77.89%	60.81%	337.03%	152.29%
Free Cash Flow	5,121	6,488	-4,253	1,070	2,211	62.02
Free Cash Flow Per Share	4.29	5.49	-3.61	0.91	1.93	0.07
Dividend Per Share	0.140	0.140	0.084	0.385	0.233	0.052
Dividend Growth	66.67%	66.67%	-78.19%	65.11%	349.52%	-61.07%
Gross Margin	24.14%	19.87%	23.98%	33.74%	28.66%	25.76%
Operating Margin	8.35%	3.69%	5.10%	19.84%	13.98%	7.48%
Profit Margin	7.30%	2.64%	4.93%	18.57%	13.65%	3.42%
Free Cash Flow Margin	21.11%	30.87%	-21.18%	4.44%	11.15%	0.46%
EBITDA	2,503	1,399	1,912	5,598	3,489	1,564
EBITDA Margin	10.32%	6.66%	9.53%	23.22%	17.60%	11.47%
D&A For EBITDA	478.77	622.89	888.15	814.97	717.87	543.84
EBIT	2,025	776.6	1,024	4,783	2,772	1,020
EBIT Margin	8.35%	3.69%	5.10%	19.84%	13.98%	7.48%
Effective Tax Rate	12.37%	21.35%	26.34%	9.12%	10.30%	10.09%
Revenue as Reported	24,254	21,021	20,078	24,104	19,824	13,632

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