Wetown Electric Group Co., Ltd. (SHA:688226)

Wetown Electric Group 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	3,462	3,383	2,768	1,601	1,225	926.89
Other Revenue	97.34	97.34	79.67	35.29	29.14	21.14
Revenue	3,559	3,481	2,848	1,636	1,254	948.03
Revenue Growth (YoY)	10.81%	22.23%	74.03%	30.48%	32.28%	4.39%
Cost of Revenue	3,059	2,935	2,345	1,329	1,010	748.42
Gross Profit	500.32	545.51	503.15	307.2	244.16	199.62
Selling, General & Admin	218.89	229.49	198.48	127.82	105.63	89.99
Research & Development	94.29	103.79	91.99	59.45	37.15	28.37
Other Operating Expenses	10.54	9.98	-3.54	7.52	5.36	4.75
Operating Expenses	332.65	355.97	311.86	210.01	159.86	130.14
Operating Income	167.67	189.54	191.29	97.2	84.3	69.48
Interest Expense	-48.12	-44.55	-29.87	-15.68	-12.52	-10.95
Interest & Investment Income	1.93	1.56	1.33	1.01	0.37	1.41
Currency Exchange Gain (Loss)	1.97	1.97	1.64	1.91	-1.67	-2.57
Other Non Operating Income (Expenses)	-18.9	-17.22	-2.02	-3.67	-4.74	-4.52
EBT Excluding Unusual Items	104.55	131.3	162.37	80.77	65.73	52.85
Impairment of Goodwill	-	-	-1.91	-1.06	-	-
Gain (Loss) on Sale of Investments	-14.35	-14.32	-4.14	0.63	-0.04	-
Gain (Loss) on Sale of Assets	-1.01	-1.03	-1.06	-0.3	-0.15	-0.33
Asset Writedown	0.06	-	-	-	-	-
Other Unusual Items	3.79	3.79	1.96	0.17	3.92	3.44
Pretax Income	93.04	119.74	157.22	80.21	69.46	55.96
Income Tax Expense	13.76	17.3	23.28	6.35	9.12	8.53
Earnings From Continuing Operations	79.28	102.44	133.95	73.86	60.34	47.43
Minority Interest in Earnings	-6.41	-7.57	-13.48	-3.94	-0.56	0.05
Net Income	72.87	94.87	120.46	69.91	59.78	47.48
Net Income to Common	72.87	94.87	120.46	69.91	59.78	47.48
Net Income Growth	-48.85%	-21.25%	72.30%	16.95%	25.90%	-13.19%
Shares Outstanding (Basic)	165	156	156	155	136	116
Shares Outstanding (Diluted)	165	156	156	155	136	116
Shares Change (YoY)	4.27%	-0.59%	0.70%	14.35%	17.31%	-0.49%
EPS (Basic)	0.44	0.61	0.77	0.45	0.44	0.41
EPS (Diluted)	0.44	0.61	0.77	0.45	0.44	0.41
EPS Growth	-50.94%	-20.78%	71.11%	2.27%	7.32%	-12.77%
Free Cash Flow	-349.77	-241.36	-573.05	-180	-7.68	-57.27
Free Cash Flow Per Share	-2.12	-1.55	-3.66	-1.16	-0.06	-0.49
Dividend Per Share	0.152	0.152	0.233	0.138	0.125	0.100
Dividend Growth	-34.83%	-34.83%	69.01%	10.40%	25.00%	-
Gross Margin	14.06%	15.67%	17.67%	18.77%	19.47%	21.06%
Operating Margin	4.71%	5.45%	6.72%	5.94%	6.72%	7.33%
Profit Margin	2.05%	2.73%	4.23%	4.27%	4.77%	5.01%
Free Cash Flow Margin	-9.83%	-6.93%	-20.12%	-11.00%	-0.61%	-6.04%
EBITDA	211.6	230.1	218.36	119.39	105	87.69
EBITDA Margin	5.95%	6.61%	7.67%	7.30%	8.37%	9.25%
D&A For EBITDA	43.93	40.56	27.07	22.2	20.7	18.21
EBIT	167.67	189.54	191.29	97.2	84.3	69.48
EBIT Margin	4.71%	5.45%	6.72%	5.94%	6.72%	7.33%
Effective Tax Rate	14.79%	14.45%	14.81%	7.92%	13.13%	15.25%
Revenue as Reported	3,559	3,481	2,848	1,636	1,254	948.03
Advertising Expenses	-	3.7	2.07	2.09	2.04	1.35

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.