Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (SHA:688379)

SHA:688379 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,252	1,914	1,410	1,217	1,208	858.45
Other Revenue	4.53	3.79	5.43	3.52	2.68	1.9
Revenue	2,256	1,918	1,415	1,220	1,211	860.35
Revenue Growth (YoY)	42.81%	35.52%	15.96%	0.78%	40.75%	12.11%
Cost of Revenue	1,998	1,660	1,238	1,106	1,050	708.52
Gross Profit	258.47	258.16	176.73	114.18	161.39	151.83
Selling, General & Admin	71.27	67.63	61.12	49.8	42.63	33.17
Research & Development	79.16	74.27	53.01	44.61	45.69	35.99
Other Operating Expenses	-12.59	-2.58	-5	-0.84	3.04	1.38
Operating Expenses	145.46	145.19	109.44	95.99	94.03	74.88
Operating Income	113.01	112.97	67.29	18.19	67.36	76.95
Interest Expense	-40.28	-37.18	-29.76	-24.79	-20.45	-12.41
Interest & Investment Income	1.15	0.82	0.93	0.59	0.46	0.45
Currency Exchange Gain (Loss)	1.36	0.82	0.44	1.65	-0.71	-0.37
Other Non Operating Income (Expenses)	-0.57	-1.18	-0.43	1.37	-0.11	-0.07
EBT Excluding Unusual Items	74.66	76.23	38.47	-3	46.55	64.55
Gain (Loss) on Sale of Investments	-1.34	-1.17	-1.25	-2.96	2.55	0.37
Gain (Loss) on Sale of Assets	88.72	-0.09	-0.07	0.03	-0.52	-0.11
Asset Writedown	-0.81	-	-	-	-	-
Other Unusual Items	13.6	9.29	3.88	6.84	-3.26	7.14
Pretax Income	174.84	84.26	41.03	0.91	45.32	71.95
Income Tax Expense	15.98	3.64	-0.57	-7.81	0.12	7.27
Net Income	158.87	80.62	41.6	8.72	45.21	64.68
Net Income to Common	158.87	80.62	41.6	8.72	45.21	64.68
Net Income Growth	192.98%	93.78%	377.19%	-80.71%	-30.11%	9.04%
Shares Outstanding (Basic)	86	86	87	87	89	74
Shares Outstanding (Diluted)	86	86	87	87	89	74
Shares Change (YoY)	0.26%	-1.05%	-0.58%	-1.64%	20.59%	11.51%
EPS (Basic)	1.84	0.94	0.48	0.10	0.51	0.88
EPS (Diluted)	1.84	0.94	0.48	0.10	0.51	0.88
EPS Growth	192.22%	95.83%	380.00%	-80.39%	-42.05%	-2.22%
Free Cash Flow	-283.73	-315.26	-246.42	-439.1	-554.01	-345.36
Free Cash Flow Per Share	-3.28	-3.68	-2.84	-5.04	-6.25	-4.70
Dividend Per Share	0.427	0.277	0.150	-	0.157	0.227
Dividend Growth	184.67%	84.67%	-	-	-30.84%	-
Gross Margin	11.46%	13.46%	12.49%	9.36%	13.33%	17.65%
Operating Margin	5.01%	5.89%	4.75%	1.49%	5.56%	8.94%
Profit Margin	7.04%	4.20%	2.94%	0.71%	3.73%	7.52%
Free Cash Flow Margin	-12.57%	-16.44%	-17.41%	-35.98%	-45.75%	-40.14%
EBITDA	150.66	152.11	94.05	39.14	86.03	93.44
EBITDA Margin	6.68%	7.93%	6.65%	3.21%	7.10%	10.86%
D&A For EBITDA	37.65	39.15	26.76	20.95	18.67	16.49
EBIT	113.01	112.97	67.29	18.19	67.36	76.95
EBIT Margin	5.01%	5.89%	4.75%	1.49%	5.56%	8.94%
Effective Tax Rate	9.14%	4.32%	-	-	0.26%	10.11%
Revenue as Reported	2,256	1,918	1,415	1,220	1,211	860.35
Advertising Expenses	-	2.01	1.76	0.91	0.42	0.5

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