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	1,302	1,101	1,347	1,553	1,329
Other Revenue	8.98	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	940.32	799.68	855.19	903.15	864.02
Gross Profit	371.02	309.05	492.98	653.26	464.49
Selling, General & Admin	125.68	90	101.83	82.92	78.84
Research & Development	114.21	99.93	116.64	125.49	98.8
Other Operating Expenses	9.1	9.3	9.21	7.13	7.7
Operating Expenses	248.5	199.35	227.52	216	185.41
Operating Income	122.53	109.71	265.46	437.27	279.09
Interest Expense	-2.55	-20.99	-41.91	-45.39	-39.73
Interest & Investment Income	16.39	22.14	6.22	3.33	1.21
Currency Exchange Gain (Loss)	-4.92	12.46	6.81	7.94	-1.6
Other Non Operating Income (Expenses)	-0.29	-0.71	-0.44	-0.56	-1.43
EBT Excluding Unusual Items	131.16	122.6	236.13	402.59	237.54
Gain (Loss) on Sale of Investments	-1.86	0.16	-	-	-
Gain (Loss) on Sale of Assets	-1.5	-0.97	-0.52	-1.53	0.24
Asset Writedown	-0.2	-1.2	-	-3.04	-
Other Unusual Items	18.02	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)	665	653	596	598	573
Shares Outstanding (Diluted)	668	656	602	598	573
Shares Change (YoY)	1.85%	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	4.65%	-56.10%	-32.79%	64.86%	270.00%
Free Cash Flow	-781.71	119.94	205.84	489.69	42.39
Free Cash Flow Per Share	-1.17	0.18	0.34	0.82	0.07
Dividend Per Share	0.100	0.200	0.298	-	-
Dividend Growth	-50.00%	-32.99%	-	-	-
Gross Margin	28.29%	27.87%	36.57%	41.97%	34.96%
Operating Margin	9.34%	9.89%	19.69%	28.09%	21.01%
Profit Margin	9.56%	10.89%	18.31%	23.44%	15.95%
Free Cash Flow Margin	-59.61%	10.82%	15.27%	31.46%	3.19%
EBITDA	400.48	375.7	507.94	661.35	459.25
EBITDA Margin	30.54%	33.89%	37.68%	42.49%	34.57%
D&A For EBITDA	277.95	266	242.48	224.09	180.16
EBIT	122.53	109.71	265.46	437.27	279.09
EBIT Margin	9.34%	9.89%	19.69%	28.09%	21.01%
Effective Tax Rate	13.92%	11.05%	10.21%	10.84%	13.77%
Revenue as Reported	1,311	1,109	1,348	1,556	-

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