Wafer Works (Shanghai) Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,311	1,101	1,347	1,553	1,329
Other Revenue	-	7.28	0.9	3.4	-
Revenue	1,311	1,109	1,348	1,556	1,329
Revenue Growth (YoY)	18.27%	-17.76%	-13.38%	17.15%	41.12%
Cost of Revenue	1,164	799.68	855.19	903.15	864.02
Gross Profit	147.8	309.05	492.98	653.26	464.49
Selling, General & Admin	-	90	101.83	82.92	78.84
Research & Development	-	99.93	116.64	125.49	98.8
Other Operating Expenses	-	9.3	9.21	7.13	7.7
Operating Expenses	-	199.35	227.52	216	185.41
Operating Income	147.8	109.71	265.46	437.27	279.09
Interest Expense	-	-20.99	-41.91	-45.39	-39.73
Interest & Investment Income	-	22.14	6.22	3.33	1.21
Currency Exchange Gain (Loss)	-	12.46	6.81	7.94	-1.6
Other Non Operating Income (Expenses)	-2.17	-0.71	-0.44	-0.56	-1.43
EBT Excluding Unusual Items	145.63	122.6	236.13	402.59	237.54
Gain (Loss) on Sale of Investments	-	0.16	-	-	-
Gain (Loss) on Sale of Assets	-	-0.97	-0.52	-1.53	0.24
Asset Writedown	-	-1.2	-	-3.04	-
Other Unusual Items	-	15.21	39.33	11.23	7.9
Pretax Income	145.63	135.79	274.94	409.24	245.67
Income Tax Expense	20.28	15.01	28.07	44.35	33.83
Net Income	125.35	120.78	246.86	364.89	211.85
Net Income to Common	125.35	120.78	246.86	364.89	211.85
Net Income Growth	3.78%	-51.07%	-32.35%	72.24%	273.17%
Shares Outstanding (Basic)	660	653	596	598	573
Shares Outstanding (Diluted)	660	656	602	598	573
Shares Change (YoY)	0.60%	8.98%	0.60%	4.47%	0.86%
EPS (Basic)	0.19	0.18	0.41	0.61	0.37
EPS (Diluted)	0.19	0.18	0.41	0.61	0.37
EPS Growth	5.56%	-56.10%	-32.79%	64.86%	270.00%
Free Cash Flow	-	119.94	205.84	489.69	42.39
Free Cash Flow Per Share	-	0.18	0.34	0.82	0.07
Dividend Per Share	-	0.200	0.298	-	-
Dividend Growth	-	-32.99%	-	-	-
Gross Margin	11.27%	27.87%	36.57%	41.97%	34.96%
Operating Margin	11.27%	9.89%	19.69%	28.09%	21.01%
Profit Margin	9.56%	10.89%	18.31%	23.44%	15.95%
Free Cash Flow Margin	-	10.82%	15.27%	31.46%	3.19%
EBITDA	412.05	373.95	507.94	661.35	459.25
EBITDA Margin	31.42%	33.73%	37.68%	42.49%	34.57%
D&A For EBITDA	264.25	264.25	242.48	224.09	180.16
EBIT	147.8	109.71	265.46	437.27	279.09
EBIT Margin	11.27%	9.89%	19.69%	28.09%	21.01%
Effective Tax Rate	13.92%	11.05%	10.21%	10.84%	13.77%
Revenue as Reported	-	1,109	1,348	1,556	-

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