Shenzhen United Winners Laser Co., Ltd. (SHA:688518)

SHA:688518 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	3,121	3,073	3,412	2,733	1,352	837.33
Other Revenue	76.36	76.36	99.99	89.54	48.1	40.6
Revenue	3,197	3,150	3,512	2,822	1,400	877.93
Revenue Growth (YoY)	1.25%	-10.33%	24.44%	101.64%	59.44%	-13.16%
Cost of Revenue	2,296	2,254	2,428	1,825	883.59	557.1
Gross Profit	901.19	895.74	1,084	997.77	516.16	320.83
Selling, General & Admin	564.37	552.8	584.77	521.09	348.47	202.96
Research & Development	239.75	235.61	241.46	193.32	103.32	72.23
Other Operating Expenses	-78.55	-97.59	-55.47	-36.63	-25.1	-13.54
Operating Expenses	763.32	749.6	819.85	729.22	447.72	265.23
Operating Income	137.87	146.14	264.02	268.55	68.45	55.59
Interest Expense	-11.53	-13.63	-7.38	-3.73	-1.24	-1.26
Interest & Investment Income	17.47	19.33	23.97	9.14	20.4	9.18
Currency Exchange Gain (Loss)	1.7	1.7	0.66	4.51	-1.38	-5.62
Other Non Operating Income (Expenses)	-5.74	-4.58	-1.36	-2.13	-0.54	-0.76
EBT Excluding Unusual Items	139.78	148.97	279.91	276.34	85.69	57.15
Gain (Loss) on Sale of Investments	3.41	1.6	1.2	0.31	0.74	-
Gain (Loss) on Sale of Assets	3.91	4.02	-0.27	-1.07	0.02	0.59
Asset Writedown	-0.02	-2.4	-0.42	-	0	-0.01
Other Unusual Items	24.84	25.83	36.13	29.01	10.93	19.51
Pretax Income	171.91	178.02	316.54	304.59	97.37	77.24
Income Tax Expense	0.46	18.58	30.35	37.5	5.27	10.24
Earnings From Continuing Operations	171.45	159.43	286.19	267.08	92.1	67.01
Minority Interest in Earnings	7.42	6.1	0.09	-0.13	-0.09	-0.04
Net Income	178.88	165.53	286.29	266.95	92.01	66.97
Net Income to Common	178.88	165.53	286.29	266.95	92.01	66.97
Net Income Growth	39.05%	-42.18%	7.25%	190.12%	37.39%	-7.08%
Shares Outstanding (Basic)	340	340	337	300	297	258
Shares Outstanding (Diluted)	340	340	337	303	297	258
Shares Change (YoY)	-0.45%	1.08%	11.03%	2.20%	15.23%	14.36%
EPS (Basic)	0.53	0.49	0.85	0.89	0.31	0.26
EPS (Diluted)	0.53	0.49	0.85	0.88	0.31	0.26
EPS Growth	39.88%	-42.72%	-3.41%	183.87%	19.23%	-18.75%
Free Cash Flow	57.4	-450.57	76.87	-491.61	-208.24	169.8
Free Cash Flow Per Share	0.17	-1.32	0.23	-1.62	-0.70	0.66
Dividend Per Share	0.150	0.150	0.150	0.120	0.120	0.120
Dividend Growth	-	-	25.00%	-	-	-
Gross Margin	28.19%	28.44%	30.86%	35.35%	36.88%	36.54%
Operating Margin	4.31%	4.64%	7.52%	9.52%	4.89%	6.33%
Profit Margin	5.59%	5.26%	8.15%	9.46%	6.57%	7.63%
Free Cash Flow Margin	1.80%	-14.31%	2.19%	-17.42%	-14.88%	19.34%
EBITDA	191.6	198.72	315.09	299.15	83.9	66.3
EBITDA Margin	5.99%	6.31%	8.97%	10.60%	5.99%	7.55%
D&A For EBITDA	53.72	52.59	51.07	30.6	15.45	10.71
EBIT	137.87	146.14	264.02	268.55	68.45	55.59
EBIT Margin	4.31%	4.64%	7.52%	9.52%	4.89%	6.33%
Effective Tax Rate	0.27%	10.44%	9.59%	12.31%	5.42%	13.25%
Revenue as Reported	3,197	3,150	3,512	2,822	1,400	877.93
Advertising Expenses	-	5.61	4.92	2.5	2.59	1.77

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