Wafer Works (Shanghai) Co., Ltd. (SHA:688584)

Wafer Works (Shanghai) 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	1,262	1,101	1,347	1,553	1,329	941.42
Other Revenue	7.28	7.28	0.9	3.4	-	-
Revenue	1,270	1,109	1,348	1,556	1,329	941.42
Revenue Growth (YoY)	13.42%	-17.76%	-13.38%	17.15%	41.12%	-15.21%
Cost of Revenue	916.1	799.68	855.19	903.15	864.02	747.23
Gross Profit	353.57	309.05	492.98	653.26	464.49	194.18
Selling, General & Admin	100.29	90	101.83	82.92	78.84	99.64
Research & Development	113.22	99.93	116.64	125.49	98.8	57.43
Other Operating Expenses	8.65	9.3	9.21	7.13	7.7	6.21
Operating Expenses	221.32	199.35	227.52	216	185.41	163.56
Operating Income	132.25	109.71	265.46	437.27	279.09	30.62
Interest Expense	-4.67	-20.99	-41.91	-45.39	-39.73	-35.3
Interest & Investment Income	18.5	22.14	6.22	3.33	1.21	1.38
Currency Exchange Gain (Loss)	12.46	12.46	6.81	7.94	-1.6	1.01
Other Non Operating Income (Expenses)	-3.38	-0.71	-0.44	-0.56	-1.43	-1.34
EBT Excluding Unusual Items	155.15	122.6	236.13	402.59	237.54	-3.63
Gain (Loss) on Sale of Investments	-0.87	0.16	-	-	-	-
Gain (Loss) on Sale of Assets	-1.55	-0.97	-0.52	-1.53	0.24	2.07
Asset Writedown	-0.86	-1.2	-	-3.04	-	-
Other Unusual Items	15.21	15.21	39.33	11.23	7.9	77.46
Pretax Income	167.08	135.79	274.94	409.24	245.67	75.9
Income Tax Expense	20.38	15.01	28.07	44.35	33.83	19.13
Net Income	146.7	120.78	246.86	364.89	211.85	56.77
Net Income to Common	146.7	120.78	246.86	364.89	211.85	56.77
Net Income Growth	31.23%	-51.07%	-32.35%	72.24%	273.17%	-52.47%
Shares Outstanding (Basic)	651	653	596	598	573	568
Shares Outstanding (Diluted)	654	656	602	598	573	568
Shares Change (YoY)	0.78%	8.98%	0.60%	4.47%	0.86%	4.56%
EPS (Basic)	0.23	0.18	0.41	0.61	0.37	0.10
EPS (Diluted)	0.22	0.18	0.41	0.61	0.37	0.10
EPS Growth	27.95%	-56.10%	-32.79%	64.86%	270.00%	-54.55%
Free Cash Flow	-475.77	119.94	205.84	489.69	42.39	-378.42
Free Cash Flow Per Share	-0.73	0.18	0.34	0.82	0.07	-0.67
Dividend Per Share	0.200	0.200	0.298	-	-	-
Dividend Growth	-32.99%	-32.99%	-	-	-	-
Gross Margin	27.85%	27.87%	36.57%	41.97%	34.96%	20.63%
Operating Margin	10.42%	9.89%	19.69%	28.09%	21.01%	3.25%
Profit Margin	11.55%	10.89%	18.31%	23.44%	15.95%	6.03%
Free Cash Flow Margin	-37.47%	10.82%	15.27%	31.46%	3.19%	-40.20%
EBITDA	412.82	373.95	507.94	661.35	459.25	164.68
EBITDA Margin	32.51%	33.73%	37.68%	42.49%	34.57%	17.49%
D&A For EBITDA	280.57	264.25	242.48	224.09	180.16	134.05
EBIT	132.25	109.71	265.46	437.27	279.09	30.62
EBIT Margin	10.42%	9.89%	19.69%	28.09%	21.01%	3.25%
Effective Tax Rate	12.20%	11.05%	10.21%	10.84%	13.77%	25.20%
Revenue as Reported	1,270	1,109	1,348	1,556	-	-

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