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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,235	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	3,333	3,481	2,848	1,636	1,254	948.03
Revenue Growth (YoY)	-7.04%	22.23%	74.03%	30.48%	32.28%	4.39%
Cost of Revenue	2,933	2,935	2,345	1,329	1,010	748.42
Gross Profit	400.05	545.51	503.15	307.2	244.16	199.62
Selling, General & Admin	213.65	229.49	198.48	127.82	105.63	89.99
Research & Development	98.9	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	327.52	355.97	311.86	210.01	159.86	130.14
Operating Income	72.53	189.54	191.29	97.2	84.3	69.48
Interest Expense	-45.88	-44.55	-29.87	-15.68	-12.52	-10.95
Interest & Investment Income	2.3	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)	-26.73	-17.22	-2.02	-3.67	-4.74	-4.52
EBT Excluding Unusual Items	4.19	131.3	162.37	80.77	65.73	52.85
Impairment of Goodwill	-	-	-1.91	-1.06	-	-
Gain (Loss) on Sale of Investments	-9.44	-14.32	-4.14	0.63	-0.04	-
Gain (Loss) on Sale of Assets	-1.15	-1.03	-1.06	-0.3	-0.15	-0.33
Asset Writedown	0.19	-	-	-	-	-
Other Unusual Items	3.79	3.79	1.96	0.17	3.92	3.44
Pretax Income	-2.41	119.74	157.22	80.21	69.46	55.96
Income Tax Expense	-5.89	17.3	23.28	6.35	9.12	8.53
Earnings From Continuing Operations	3.48	102.44	133.95	73.86	60.34	47.43
Minority Interest in Earnings	-3.99	-7.57	-13.48	-3.94	-0.56	0.05
Net Income	-0.5	94.87	120.46	69.91	59.78	47.48
Net Income to Common	-0.5	94.87	120.46	69.91	59.78	47.48
Net Income Growth	-	-21.25%	72.30%	16.95%	25.90%	-13.19%
Shares Outstanding (Basic)	185	156	156	155	136	116
Shares Outstanding (Diluted)	185	156	156	155	136	116
Shares Change (YoY)	19.00%	-0.59%	0.70%	14.35%	17.31%	-0.49%
EPS (Basic)	-0.00	0.61	0.77	0.45	0.44	0.41
EPS (Diluted)	-0.00	0.61	0.77	0.45	0.44	0.41
EPS Growth	-	-20.78%	71.11%	2.27%	7.32%	-12.77%
Free Cash Flow	-482.92	-241.36	-573.05	-180	-7.68	-57.27
Free Cash Flow Per Share	-2.61	-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	12.00%	15.67%	17.67%	18.77%	19.47%	21.06%
Operating Margin	2.18%	5.45%	6.72%	5.94%	6.72%	7.33%
Profit Margin	-0.01%	2.73%	4.23%	4.27%	4.77%	5.01%
Free Cash Flow Margin	-14.49%	-6.93%	-20.12%	-11.00%	-0.61%	-6.04%
EBITDA	123.2	230.1	218.36	119.39	105	87.69
EBITDA Margin	3.70%	6.61%	7.67%	7.30%	8.37%	9.25%
D&A For EBITDA	50.67	40.56	27.07	22.2	20.7	18.21
EBIT	72.53	189.54	191.29	97.2	84.3	69.48
EBIT Margin	2.18%	5.45%	6.72%	5.94%	6.72%	7.33%
Effective Tax Rate	-	14.45%	14.81%	7.92%	13.13%	15.25%
Revenue as Reported	3,333	3,481	2,848	1,636	1,254	948.03
Advertising Expenses	-	3.7	2.07	2.09	2.04	1.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.