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

Ningbo Orient Wires & Cables Co.,Ltd. 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	7,681	7,303	7,005	7,923	5,038	3,683
Other Revenue	8.85	7.5	3.89	8.81	13.94	6.98
Revenue	7,690	7,310	7,009	7,932	5,052	3,690
Revenue Growth (YoY)	12.47%	4.30%	-11.64%	57.00%	36.90%	22.03%
Cost of Revenue	6,010	5,480	5,449	5,930	3,522	2,778
Gross Profit	1,680	1,830	1,560	2,002	1,530	912.92
Selling, General & Admin	303.93	279.76	253.86	300.09	281.49	216.88
Research & Development	283.34	269.88	237.89	266.48	187.37	128.1
Other Operating Expenses	54.31	49.27	23.38	34.13	24.46	18.47
Operating Expenses	657.73	721.45	580.2	667.95	562.17	389.59
Operating Income	1,023	1,108	979.73	1,334	967.97	523.33
Interest Expense	-29.41	-32.14	-33.56	-20.96	-12.27	-31.96
Interest & Investment Income	43.96	34.17	34.34	12.11	10.61	8.52
Currency Exchange Gain (Loss)	-1.94	-3.28	-4.27	0.24	-1.45	0.78
Other Non Operating Income (Expenses)	-5.99	0.3	-5.53	-1.96	-0.55	-2.4
EBT Excluding Unusual Items	1,029	1,107	970.71	1,324	964.31	498.27
Gain (Loss) on Sale of Investments	1.69	8.81	-35.77	5.78	-0.24	-1.37
Gain (Loss) on Sale of Assets	52.86	0.14	0.06	26.78	5.64	-0.75
Asset Writedown	-0.35	-0.35	-	-	-8.21	-
Other Unusual Items	92.46	29.76	25.43	13.98	64.59	21.51
Pretax Income	1,176	1,146	960.43	1,370	1,029	517.66
Income Tax Expense	148.23	145.47	118.49	181.43	141.35	65.47
Earnings From Continuing Operations	1,028	1,000	841.94	1,189	887.4	452.19
Minority Interest in Earnings	-	-	-0.04	-0.05	-0.05	-0.05
Net Income	1,028	1,000	841.9	1,189	887.35	452.14
Net Income to Common	1,028	1,000	841.9	1,189	887.35	452.14
Net Income Growth	9.75%	18.78%	-29.18%	33.98%	96.26%	163.74%
Shares Outstanding (Basic)	690	690	690	657	652	655
Shares Outstanding (Diluted)	690	690	690	657	662	655
Shares Change (YoY)	0.10%	-0.06%	5.07%	-0.81%	1.06%	-0.62%
EPS (Basic)	1.49	1.45	1.22	1.81	1.36	0.69
EPS (Diluted)	1.49	1.45	1.22	1.81	1.34	0.69
EPS Growth	9.64%	18.85%	-32.60%	35.07%	94.20%	165.38%
Free Cash Flow	999.72	528.26	203.4	-121.95	202.83	364.22
Free Cash Flow Per Share	1.45	0.77	0.29	-0.19	0.31	0.56
Dividend Per Share	0.450	0.450	0.250	0.350	0.230	0.130
Dividend Growth	80.00%	80.00%	-28.57%	52.17%	76.92%	60.89%
Gross Margin	21.85%	25.03%	22.26%	25.24%	30.29%	24.74%
Operating Margin	13.30%	15.16%	13.98%	16.82%	19.16%	14.18%
Profit Margin	13.36%	13.68%	12.01%	14.99%	17.56%	12.25%
Free Cash Flow Margin	13.00%	7.23%	2.90%	-1.54%	4.01%	9.87%
EBITDA	1,188	1,257	1,123	1,408	1,036	585.74
EBITDA Margin	15.45%	17.20%	16.03%	17.75%	20.51%	15.87%
D&A For EBITDA	165.22	149.01	143.58	73.63	68.2	62.41
EBIT	1,023	1,108	979.73	1,334	967.97	523.33
EBIT Margin	13.30%	15.16%	13.98%	16.82%	19.16%	14.18%
Effective Tax Rate	12.61%	12.70%	12.34%	13.24%	13.74%	12.65%
Revenue as Reported	7,690	7,310	7,009	7,932	5,052	3,690
Advertising Expenses	-	-	-	7.93	6.11	2.54

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