Shenzhen Newway Photomask Making Co., Ltd (SHA:688401)

SHA:688401 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	958.46	875.2	671.95	639.62	493.43	401.61
Other Revenue	0.35	0.35	0.44	0.4	0.16	0.09
Revenue	958.81	875.55	672.39	640.01	493.59	401.7
Revenue Growth (YoY)	34.42%	30.21%	5.06%	29.67%	22.88%	84.03%
Cost of Revenue	631.05	573.56	439.31	432.63	368.48	314.87
Gross Profit	327.76	301.99	233.09	207.38	125.11	86.83
Selling, General & Admin	60.47	56.74	49.18	48.45	52.76	35.36
Research & Development	35.55	37.62	35.21	28.42	23	28.36
Other Operating Expenses	-5.36	-4.47	1.43	4.44	5.03	-4.83
Operating Expenses	94.29	93.91	87.62	83.08	81.92	61.02
Operating Income	233.47	208.08	145.47	124.31	43.19	25.81
Interest Expense	-15.22	-15.47	-13.67	-22.89	-25.25	-22.09
Interest & Investment Income	3.82	5.66	9.92	6.33	1.81	1.96
Currency Exchange Gain (Loss)	4.05	4.05	-0.42	3.23	7.08	5.43
Other Non Operating Income (Expenses)	-14.34	-0.65	0.29	-3.36	-3.19	-2.98
EBT Excluding Unusual Items	211.78	201.68	141.58	107.61	23.64	8.13
Gain (Loss) on Sale of Investments	-0.31	-	3.59	1.47	-	-
Gain (Loss) on Sale of Assets	0.56	0.54	-1.7	0.19	-0.04	-0.01
Asset Writedown	0.68	-	-	-	-	-
Other Unusual Items	14.53	14.53	25.85	22.22	17.13	-0.2
Pretax Income	227.25	216.75	169.31	131.49	40.73	7.91
Income Tax Expense	25.55	25.56	22.86	20.67	12.23	11.6
Earnings From Continuing Operations	201.69	191.19	146.45	110.82	28.5	-3.68
Minority Interest in Earnings	-2.76	-0.33	2.35	8.96	23.81	36.14
Net Income	198.94	190.86	148.8	119.78	52.31	32.46
Net Income to Common	198.94	190.86	148.8	119.78	52.31	32.46
Net Income Growth	23.21%	28.27%	24.23%	129.00%	61.14%	-
Shares Outstanding (Basic)	191	193	193	162	146	138
Shares Outstanding (Diluted)	191	193	193	162	146	138
Shares Change (YoY)	-0.13%	-0.24%	19.39%	10.97%	5.38%	10.71%
EPS (Basic)	1.04	0.99	0.77	0.74	0.36	0.23
EPS (Diluted)	1.04	0.99	0.77	0.74	0.36	0.23
EPS Growth	23.38%	28.57%	4.05%	106.36%	52.92%	-
Free Cash Flow	159.49	12.68	-171.63	183.63	-0.99	-37.94
Free Cash Flow Per Share	0.83	0.07	-0.89	1.13	-0.01	-0.27
Dividend Per Share	0.300	0.300	0.235	0.152	-	-
Dividend Growth	27.66%	27.66%	54.91%	-	-	-
Gross Margin	34.18%	34.49%	34.66%	32.40%	25.35%	21.62%
Operating Margin	24.35%	23.77%	21.63%	19.42%	8.75%	6.42%
Profit Margin	20.75%	21.80%	22.13%	18.71%	10.60%	8.08%
Free Cash Flow Margin	16.63%	1.45%	-25.52%	28.69%	-0.20%	-9.45%
EBITDA	338.53	308.47	227.17	202.84	118.38	35.56
EBITDA Margin	35.31%	35.23%	33.79%	31.69%	23.98%	8.85%
D&A For EBITDA	105.06	100.39	81.7	78.54	75.19	9.75
EBIT	233.47	208.08	145.47	124.31	43.19	25.81
EBIT Margin	24.35%	23.77%	21.63%	19.42%	8.75%	6.42%
Effective Tax Rate	11.24%	11.79%	13.50%	15.72%	30.04%	146.57%
Revenue as Reported	958.81	875.55	672.39	640.01	493.59	401.7

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