CWB Automotive Electronics Co., Ltd. (SHA:605005)

SHA:605005 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,514	1,518	1,491	1,330	1,257	1,105
Other Revenue	193.61	193.61	175.07	130.51	165.1	96.92
Revenue	1,708	1,712	1,666	1,461	1,422	1,202
Revenue Growth (YoY)	-3.19%	2.73%	14.07%	2.70%	18.32%	2.10%
Cost of Revenue	1,161	1,161	1,149	1,030	990.43	804.58
Gross Profit	546.8	551.12	517.25	430.42	431.95	397.58
Selling, General & Admin	167.91	159.28	145.63	148.2	144.97	121.93
Research & Development	100.93	100.75	96.22	81.97	71.5	59.87
Other Operating Expenses	4.63	2.54	11.48	9.6	9.2	9.83
Operating Expenses	275.99	263.42	257.99	242.18	227.39	193.83
Operating Income	270.81	287.7	259.27	188.24	204.56	203.75
Interest Expense	-2.78	-3	-2.96	-0.79	-0.83	-3.18
Interest & Investment Income	4.72	4.48	1.56	2.17	3.82	1.07
Currency Exchange Gain (Loss)	-0.61	-0.61	2.45	4.47	-3.06	-3.28
Other Non Operating Income (Expenses)	2.54	-0.3	-0.5	-0.22	-0.26	-0.3
EBT Excluding Unusual Items	274.69	288.27	259.82	193.87	204.23	198.07
Gain (Loss) on Sale of Investments	0.03	0.01	0.01	0.01	-	-
Gain (Loss) on Sale of Assets	0.9	1.34	-0.09	0.65	0.16	-0.73
Asset Writedown	2.73	-2.65	-13.16	-1.65	-0.09	-
Other Unusual Items	10.66	10.94	7.11	12.35	14.26	20.14
Pretax Income	289.01	297.9	253.68	205.23	218.57	217.47
Income Tax Expense	26.34	32.08	28.35	14.84	23.56	27.7
Earnings From Continuing Operations	262.68	265.83	225.33	190.39	195	189.78
Net Income	262.68	265.83	225.33	190.39	195	189.78
Net Income to Common	262.68	265.83	225.33	190.39	195	189.78
Net Income Growth	8.22%	17.97%	18.35%	-2.37%	2.76%	44.23%
Shares Outstanding (Basic)	404	403	402	405	398	358
Shares Outstanding (Diluted)	404	403	402	405	398	358
Shares Change (YoY)	2.10%	0.10%	-0.67%	1.79%	11.14%	-2.03%
EPS (Basic)	0.65	0.66	0.56	0.47	0.49	0.53
EPS (Diluted)	0.65	0.66	0.56	0.47	0.49	0.53
EPS Growth	6.00%	17.86%	19.15%	-4.08%	-7.55%	47.22%
Free Cash Flow	94.13	174.78	73.26	-25.23	-80.65	137
Free Cash Flow Per Share	0.23	0.43	0.18	-0.06	-0.20	0.38
Dividend Per Share	0.200	0.200	0.200	0.150	0.150	0.150
Dividend Growth	-	-	33.33%	-	-	-
Gross Margin	32.01%	32.20%	31.04%	29.47%	30.37%	33.07%
Operating Margin	15.86%	16.81%	15.56%	12.89%	14.38%	16.95%
Profit Margin	15.38%	15.53%	13.52%	13.03%	13.71%	15.79%
Free Cash Flow Margin	5.51%	10.21%	4.40%	-1.73%	-5.67%	11.40%
EBITDA	379.42	395.8	365.37	287.08	290.64	293.85
EBITDA Margin	22.21%	23.12%	21.93%	19.65%	20.43%	24.44%
D&A For EBITDA	108.61	108.11	106.1	98.84	86.08	90.1
EBIT	270.81	287.7	259.27	188.24	204.56	203.75
EBIT Margin	15.86%	16.81%	15.56%	12.89%	14.38%	16.95%
Effective Tax Rate	9.11%	10.77%	11.17%	7.23%	10.78%	12.74%
Revenue as Reported	1,708	1,712	1,666	1,461	1,422	1,202
Advertising Expenses	-	0.73	0.88	0.32	0.34	0.07

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