Western Superconducting Technologies Co., Ltd. (SHA: 688122)

Western Superconducting Technologies 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	4,150	4,003	4,073	2,838	2,060	1,390
Other Revenue	155.41	155.41	154.3	88.79	52.84	56.18
Revenue	4,306	4,159	4,227	2,927	2,113	1,446
Revenue Growth (YoY)	6.35%	-1.62%	44.41%	38.54%	46.10%	32.87%
Cost of Revenue	2,930	2,857	2,577	1,773	1,419	1,019
Gross Profit	1,376	1,302	1,651	1,154	693.99	426.84
Selling, General & Admin	249.75	223.74	206.09	173.72	132.43	110.61
Research & Development	353.27	329.45	254.29	185.92	130.69	140.95
Other Operating Expenses	-48.69	-2.5	28.92	28.76	22.88	13.85
Operating Expenses	586.65	575.89	493.9	399.08	282.7	270.58
Operating Income	789.06	725.85	1,157	754.68	411.3	156.26
Interest Expense	-64.77	-67.4	-57.62	-44.5	-46.92	-47.49
Interest & Investment Income	15.92	22.04	21.97	19.5	5.28	15.2
Earnings From Equity Investments	-	-	-	-	7.27	-
Currency Exchange Gain (Loss)	3.76	3.76	5.03	15.45	-17.45	5.62
Other Non Operating Income (Expenses)	-6.91	-0.91	-0.77	-1.63	-0.61	-2.59
EBT Excluding Unusual Items	737.05	683.35	1,125	743.51	358.87	127.01
Gain (Loss) on Sale of Investments	30.65	38.74	24.19	5.06	9.09	0.61
Gain (Loss) on Sale of Assets	-3.24	-3.54	0.67	2.55	-1.04	-2.33
Asset Writedown	1.57	-	-	-0.73	-	-
Other Unusual Items	149.23	149.6	87.54	101.15	56.23	42.09
Pretax Income	915.25	868.15	1,238	851.55	423.15	167.37
Income Tax Expense	107.69	103.57	142.4	106.35	53.32	13.89
Earnings From Continuing Operations	807.56	764.57	1,095	745.2	369.83	153.48
Minority Interest in Earnings	-34.08	-12.2	-15.31	-3.72	0.94	4.76
Net Income	773.47	752.37	1,080	741.48	370.77	158.24
Net Income to Common	773.47	752.37	1,080	741.48	370.77	158.24
Net Income Growth	-3.81%	-30.33%	45.64%	99.98%	134.31%	17.26%
Shares Outstanding (Basic)	651	650	650	618	618	582
Shares Outstanding (Diluted)	651	650	650	618	618	582
Shares Change (YoY)	0.56%	0.00%	5.16%	-0.01%	6.24%	4.63%
EPS (Basic)	1.19	1.16	1.66	1.20	0.60	0.27
EPS (Diluted)	1.19	1.16	1.66	1.20	0.60	0.27
EPS Growth	-4.34%	-30.33%	38.50%	100.00%	120.54%	12.07%
Free Cash Flow	150.24	-247.69	-363.59	-60.68	-410.99	-273.15
Free Cash Flow Per Share	0.23	-0.38	-0.56	-0.10	-0.67	-0.47
Dividend Per Share	0.700	0.700	0.714	0.714	0.286	0.214
Dividend Growth	-2.00%	-2.00%	0%	150.02%	33.32%	0%
Gross Margin	31.95%	31.30%	39.05%	39.41%	32.85%	29.52%
Operating Margin	18.33%	17.45%	27.36%	25.78%	19.47%	10.81%
Profit Margin	17.96%	18.09%	25.55%	25.33%	17.55%	10.94%
Free Cash Flow Margin	3.49%	-5.96%	-8.60%	-2.07%	-19.45%	-18.89%
EBITDA	942.79	866.75	1,280	863.59	511.24	250.72
EBITDA Margin	21.90%	20.84%	30.29%	29.50%	24.20%	17.34%
D&A For EBITDA	153.73	140.9	123.79	108.9	99.94	94.45
EBIT	789.06	725.85	1,157	754.68	411.3	156.26
EBIT Margin	18.33%	17.45%	27.36%	25.78%	19.47%	10.81%
Effective Tax Rate	11.77%	11.93%	11.51%	12.49%	12.60%	8.30%
Revenue as Reported	4,306	4,159	4,227	2,927	2,113	1,446
Advertising Expenses	-	0.35	0.06	0.1	0.02	0.32

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