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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	24,793	20,966	20,035	24,040	19,753	13,594
Other Revenue	54.18	54.18	43.41	63.87	71.31	37.81
Revenue	24,848	21,021	20,078	24,104	19,824	13,632
Revenue Growth (YoY)	25.64%	4.69%	-16.70%	21.59%	45.43%	40.51%
Cost of Revenue	18,282	16,845	15,263	15,970	14,143	10,120
Gross Profit	6,566	4,176	4,816	8,134	5,681	3,512
Selling, General & Admin	1,311	1,154	1,324	1,221	1,147	1,132
Research & Development	2,536	2,171	2,453	2,090	1,727	1,282
Other Operating Expenses	3.03	-16.07	49.29	18.2	18.71	15.05
Operating Expenses	3,905	3,399	3,791	3,351	2,910	2,492
Operating Income	2,661	776.6	1,024	4,783	2,772	1,020
Interest Expense	-355.08	-534	-493.89	-410.45	-296.88	-285.41
Interest & Investment Income	320.79	169.38	1,075	639.53	46.08	36.33
Currency Exchange Gain (Loss)	-11.74	-11.74	-117.43	34.33	-0.34	-22.6
Other Non Operating Income (Expenses)	-3.06	-7.29	-9.41	-5.11	-6.06	-3.92
EBT Excluding Unusual Items	2,612	392.95	1,478	5,041	2,514	744.41
Gain (Loss) on Sale of Investments	166.3	231.33	-221.24	-80.67	450.86	60.54
Gain (Loss) on Sale of Assets	5.93	1.58	6.79	-1.25	-1.42	-2.33
Asset Writedown	-44.57	-5.31	-22.98	-1.48	-38.56	-27.6
Legal Settlements	-	-	-	-	-	-3.37
Other Unusual Items	70.89	70.89	60.45	44.25	65.88	12.81
Pretax Income	2,811	691.45	1,301	5,002	2,991	784.46
Income Tax Expense	260.52	147.62	342.75	456.2	308.01	79.18
Earnings From Continuing Operations	2,550	543.82	958.57	4,546	2,683	705.28
Minority Interest in Earnings	12.46	11.8	31.73	-69.69	22.99	-239.64
Net Income	2,563	555.62	990.31	4,476	2,706	465.63
Net Income to Common	2,563	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)	1,191	1,182	1,179	1,169	1,138	827
Shares Outstanding (Diluted)	1,224	1,182	1,179	1,178	1,145	861
Shares Change (YoY)	2.88%	0.27%	0.08%	2.86%	32.98%	33.20%
EPS (Basic)	2.15	0.47	0.84	3.83	2.38	0.56
EPS (Diluted)	2.09	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	4,154	6,488	-4,253	1,070	2,211	62.02
Free Cash Flow Per Share	3.39	5.49	-3.61	0.91	1.93	0.07
Dividend Per Share	0.340	0.140	0.084	0.385	0.233	0.052
Dividend Growth	304.76%	66.67%	-78.19%	65.11%	349.52%	-61.07%
Gross Margin	26.42%	19.87%	23.98%	33.74%	28.66%	25.76%
Operating Margin	10.71%	3.69%	5.10%	19.84%	13.98%	7.48%
Profit Margin	10.31%	2.64%	4.93%	18.57%	13.65%	3.42%
Free Cash Flow Margin	16.72%	30.87%	-21.18%	4.44%	11.15%	0.46%
EBITDA	3,085	1,399	1,912	5,598	3,489	1,564
EBITDA Margin	12.42%	6.66%	9.53%	23.22%	17.60%	11.47%
D&A For EBITDA	423.94	622.89	888.15	814.97	717.87	543.84
EBIT	2,661	776.6	1,024	4,783	2,772	1,020
EBIT Margin	10.71%	3.69%	5.10%	19.84%	13.98%	7.48%
Effective Tax Rate	9.27%	21.35%	26.34%	9.12%	10.30%	10.09%
Revenue as Reported	24,848	21,021	20,078	24,104	19,824	13,632

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