Hangzhou Huawang New Material Technology Co.,Ltd. (SHA:605377)

SHA:605377 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	3,623	3,727	3,941	3,386	2,907	1,601
Other Revenue	41.92	41.92	35.16	50.04	33.14	10.61
Revenue	3,665	3,768	3,976	3,436	2,940	1,612
Revenue Growth (YoY)	-8.69%	-5.21%	15.70%	16.88%	82.40%	-2.54%
Cost of Revenue	3,161	3,189	3,244	2,817	2,301	1,247
Gross Profit	503.95	579.89	731.7	619.35	639.24	364.69
Selling, General & Admin	86.73	83.33	76.45	68.07	58.77	34.72
Research & Development	102.07	107.27	120.66	92.78	88.4	54.08
Other Operating Expenses	-45.83	-54.2	-26.04	-30.53	-9.07	-14.96
Operating Expenses	140.3	141.61	173.1	134.4	140.82	74.23
Operating Income	363.66	438.28	558.6	484.95	498.42	290.46
Interest Expense	-6.53	-4.43	-7.23	-4.76	-3.18	-11.03
Interest & Investment Income	56.64	56.02	70.89	49.56	26.25	7.69
Currency Exchange Gain (Loss)	-27.25	-27.25	-10.94	2.36	-5.02	4.08
Other Non Operating Income (Expenses)	3.94	-2.63	-2.34	-2	-1.71	-1.53
EBT Excluding Unusual Items	390.46	459.99	608.98	530.11	514.76	289.67
Gain (Loss) on Sale of Investments	2.17	-	-0.82	-3.62	2.03	-2.24
Gain (Loss) on Sale of Assets	-0.34	-0.34	30.75	0.08	0.04	-0.15
Asset Writedown	-0.23	-	-	-	-	-
Other Unusual Items	29.37	29.37	9.57	5.84	6.11	1.57
Pretax Income	421.42	489.01	648.47	532.41	522.94	288.86
Income Tax Expense	18.86	20.34	83.43	66.97	76.93	29.76
Earnings From Continuing Operations	402.55	468.67	565.04	465.44	446.01	259.1
Minority Interest in Earnings	0.15	0.19	1.05	1.9	2.57	0.9
Net Income	402.7	468.86	566.09	467.34	448.58	260
Net Income to Common	402.7	468.86	566.09	467.34	448.58	260
Net Income Growth	-33.48%	-17.18%	21.13%	4.18%	72.53%	52.23%
Shares Outstanding (Basic)	562	557	552	538	480	361
Shares Outstanding (Diluted)	562	557	552	538	480	361
Shares Change (YoY)	1.57%	0.86%	2.70%	12.04%	32.97%	0.66%
EPS (Basic)	0.72	0.84	1.02	0.87	0.93	0.72
EPS (Diluted)	0.72	0.84	1.02	0.87	0.93	0.72
EPS Growth	-34.51%	-17.88%	17.95%	-7.01%	29.76%	51.24%
Free Cash Flow	151.38	282.88	72	278.39	281.47	-4.73
Free Cash Flow Per Share	0.27	0.51	0.13	0.52	0.59	-0.01
Dividend Per Share	0.725	0.725	0.655	0.309	0.309	0.255
Dividend Growth	10.72%	10.72%	111.57%	-	21.32%	-
Gross Margin	13.75%	15.39%	18.40%	18.02%	21.74%	22.62%
Operating Margin	9.92%	11.63%	14.05%	14.11%	16.95%	18.02%
Profit Margin	10.99%	12.44%	14.24%	13.60%	15.26%	16.13%
Free Cash Flow Margin	4.13%	7.51%	1.81%	8.10%	9.57%	-0.29%
EBITDA	483.22	554.52	661.53	573.34	568.69	344.86
EBITDA Margin	13.18%	14.71%	16.64%	16.68%	19.34%	21.39%
D&A For EBITDA	119.57	116.24	102.93	88.39	70.27	54.41
EBIT	363.66	438.28	558.6	484.95	498.42	290.46
EBIT Margin	9.92%	11.63%	14.05%	14.11%	16.95%	18.02%
Effective Tax Rate	4.48%	4.16%	12.87%	12.58%	14.71%	10.30%
Revenue as Reported	3,665	3,768	3,976	3,436	2,940	1,612
Advertising Expenses	-	0.56	0.67	0.57	0.43	1.41

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