Ningbo Orient Wires & Cables Co.,Ltd. (SHA:603606)

SHA:603606 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	9,093	7,310	7,005	7,923	5,038
Other Revenue	-	-	3.89	8.81	13.94
Revenue	9,093	7,310	7,009	7,932	5,052
Revenue Growth (YoY)	24.38%	4.30%	-11.64%	57.00%	36.90%
Cost of Revenue	7,395	5,480	5,449	5,930	3,522
Gross Profit	1,697	1,830	1,560	2,002	1,530
Selling, General & Admin	309.31	279.76	253.86	300.09	281.49
Research & Development	308.07	269.88	237.89	266.48	187.37
Other Operating Expenses	-22.7	49.27	23.38	34.13	24.46
Operating Expenses	680.38	721.45	580.2	667.95	562.17
Operating Income	1,017	1,108	979.73	1,334	967.97
Interest Expense	-19.88	-32.14	-33.56	-20.96	-12.27
Interest & Investment Income	45.37	34.17	34.34	12.11	10.61
Currency Exchange Gain (Loss)	-8.44	-3.28	-4.27	0.24	-1.45
Other Non Operating Income (Expenses)	-4.92	0.3	-5.53	-1.96	-0.55
EBT Excluding Unusual Items	1,029	1,107	970.71	1,324	964.31
Gain (Loss) on Sale of Investments	26.11	8.81	-35.77	5.78	-0.24
Gain (Loss) on Sale of Assets	54.34	-0.21	0.06	26.78	5.64
Asset Writedown	-	-	-	-	-8.21
Other Unusual Items	38.86	29.76	25.43	13.98	64.59
Pretax Income	1,148	1,146	960.43	1,370	1,029
Income Tax Expense	140.28	145.47	118.49	181.43	141.35
Earnings From Continuing Operations	1,008	1,000	841.94	1,189	887.4
Minority Interest in Earnings	-	-	-0.04	-0.05	-0.05
Net Income	1,008	1,000	841.9	1,189	887.35
Net Income to Common	1,008	1,000	841.9	1,189	887.35
Net Income Growth	0.81%	18.78%	-29.18%	33.98%	96.25%
Shares Outstanding (Basic)	686	690	690	657	652
Shares Outstanding (Diluted)	686	690	690	657	662
Shares Change (YoY)	-0.56%	-0.06%	5.07%	-0.81%	1.06%
EPS (Basic)	1.47	1.45	1.22	1.81	1.36
EPS (Diluted)	1.47	1.45	1.22	1.81	1.34
EPS Growth	1.38%	18.85%	-32.60%	35.08%	94.20%
Free Cash Flow	499.58	528.26	203.4	-121.95	202.83
Free Cash Flow Per Share	0.73	0.77	0.29	-0.19	0.31
Dividend Per Share	0.450	0.450	0.250	0.350	0.230
Dividend Growth	-	80.00%	-28.57%	52.17%	76.92%
Gross Margin	18.67%	25.03%	22.26%	25.24%	30.29%
Operating Margin	11.19%	15.16%	13.98%	16.82%	19.16%
Profit Margin	11.09%	13.68%	12.01%	14.99%	17.56%
Free Cash Flow Margin	5.49%	7.23%	2.90%	-1.54%	4.01%
EBITDA	1,192	1,272	1,123	1,408	1,036
EBITDA Margin	13.11%	17.40%	16.03%	17.75%	20.51%
D&A For EBITDA	174.66	164.15	143.58	73.63	68.2
EBIT	1,017	1,108	979.73	1,334	967.97
EBIT Margin	11.19%	15.16%	13.98%	16.82%	19.16%
Effective Tax Rate	12.21%	12.70%	12.34%	13.24%	13.74%
Revenue as Reported	9,093	7,310	7,009	7,932	5,052
Advertising Expenses	1.08	2.11	-	7.93	6.11

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