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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,140	1,914	1,410	1,217	1,208	858.45
Other Revenue	3.79	3.79	5.43	3.52	2.68	1.9
Revenue	2,143	1,918	1,415	1,220	1,211	860.35
Revenue Growth (YoY)	44.14%	35.52%	15.96%	0.78%	40.75%	12.11%
Cost of Revenue	1,864	1,660	1,238	1,106	1,050	708.52
Gross Profit	279.37	258.16	176.73	114.18	161.39	151.83
Selling, General & Admin	69.29	67.63	61.12	49.8	42.63	33.17
Research & Development	76.64	74.27	53.01	44.61	45.69	35.99
Other Operating Expenses	-10.98	-2.58	-5	-0.84	3.04	1.38
Operating Expenses	147.59	145.19	109.44	95.99	94.03	74.88
Operating Income	131.78	112.97	67.29	18.19	67.36	76.95
Interest Expense	-41.04	-37.18	-29.76	-24.79	-20.45	-12.41
Interest & Investment Income	0.82	0.82	0.93	0.59	0.46	0.45
Currency Exchange Gain (Loss)	0.82	0.82	0.44	1.65	-0.71	-0.37
Other Non Operating Income (Expenses)	-1.65	-1.18	-0.43	1.37	-0.11	-0.07
EBT Excluding Unusual Items	90.72	76.23	38.47	-3	46.55	64.55
Gain (Loss) on Sale of Investments	-1.14	-1.17	-1.25	-2.96	2.55	0.37
Gain (Loss) on Sale of Assets	88.76	-0.09	-0.07	0.03	-0.52	-0.11
Asset Writedown	-1.21	-	-	-	-	-
Other Unusual Items	9.29	9.29	3.88	6.84	-3.26	7.14
Pretax Income	186.42	84.26	41.03	0.91	45.32	71.95
Income Tax Expense	18.06	3.64	-0.57	-7.81	0.12	7.27
Net Income	168.36	80.62	41.6	8.72	45.21	64.68
Net Income to Common	168.36	80.62	41.6	8.72	45.21	64.68
Net Income Growth	309.74%	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)	0.99%	-1.05%	-0.58%	-1.64%	20.59%	11.51%
EPS (Basic)	1.96	0.94	0.48	0.10	0.51	0.88
EPS (Diluted)	1.96	0.94	0.48	0.10	0.51	0.88
EPS Growth	305.74%	95.83%	380.00%	-80.39%	-42.05%	-2.22%
Free Cash Flow	-329.68	-315.26	-246.42	-439.1	-554.01	-345.36
Free Cash Flow Per Share	-3.83	-3.68	-2.84	-5.04	-6.25	-4.70
Dividend Per Share	0.277	0.277	0.150	-	0.157	0.227
Dividend Growth	84.67%	84.67%	-	-	-30.84%	-
Gross Margin	13.03%	13.46%	12.49%	9.36%	13.33%	17.65%
Operating Margin	6.15%	5.89%	4.75%	1.49%	5.56%	8.94%
Profit Margin	7.85%	4.20%	2.94%	0.71%	3.73%	7.52%
Free Cash Flow Margin	-15.38%	-16.44%	-17.41%	-35.98%	-45.75%	-40.14%
EBITDA	174.02	152.11	94.05	39.14	86.03	93.44
EBITDA Margin	8.12%	7.93%	6.65%	3.21%	7.10%	10.86%
D&A For EBITDA	42.24	39.15	26.76	20.95	18.67	16.49
EBIT	131.78	112.97	67.29	18.19	67.36	76.95
EBIT Margin	6.15%	5.89%	4.75%	1.49%	5.56%	8.94%
Effective Tax Rate	9.69%	4.32%	-	-	0.26%	10.11%
Revenue as Reported	2,143	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.