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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,133	1,101	1,347	1,553	1,329	941.42
Other Revenue	7.28	7.28	0.9	3.4	-	-
Revenue	1,140	1,109	1,348	1,556	1,329	941.42
Revenue Growth (YoY)	-8.91%	-17.76%	-13.38%	17.15%	41.12%	-15.21%
Cost of Revenue	838.86	799.68	855.19	903.15	864.02	747.23
Gross Profit	300.94	309.05	492.98	653.26	464.49	194.18
Selling, General & Admin	87.89	90	101.83	82.92	78.84	99.64
Research & Development	102.31	99.93	116.64	125.49	98.8	57.43
Other Operating Expenses	8.22	9.3	9.21	7.13	7.7	6.21
Operating Expenses	197.48	199.35	227.52	216	185.41	163.56
Operating Income	103.47	109.71	265.46	437.27	279.09	30.62
Interest Expense	-14.48	-20.99	-41.91	-45.39	-39.73	-35.3
Interest & Investment Income	22.54	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)	-3.54	-0.71	-0.44	-0.56	-1.43	-1.34
EBT Excluding Unusual Items	120.45	122.6	236.13	402.59	237.54	-3.63
Gain (Loss) on Sale of Investments	0.2	0.16	-	-	-	-
Gain (Loss) on Sale of Assets	-1.21	-0.97	-0.52	-1.53	0.24	2.07
Asset Writedown	4.49	-1.2	-	-3.04	-	-
Other Unusual Items	15.21	15.21	39.33	11.23	7.9	77.46
Pretax Income	139.14	135.79	274.94	409.24	245.67	75.9
Income Tax Expense	17.42	15.01	28.07	44.35	33.83	19.13
Net Income	121.72	120.78	246.86	364.89	211.85	56.77
Net Income to Common	121.72	120.78	246.86	364.89	211.85	56.77
Net Income Growth	-40.85%	-51.07%	-32.35%	72.24%	273.17%	-52.47%
Shares Outstanding (Basic)	661	653	596	598	573	568
Shares Outstanding (Diluted)	664	656	602	598	573	568
Shares Change (YoY)	9.58%	8.98%	0.60%	4.47%	0.86%	4.56%
EPS (Basic)	0.18	0.18	0.41	0.61	0.37	0.10
EPS (Diluted)	0.18	0.18	0.41	0.61	0.37	0.10
EPS Growth	-47.20%	-56.10%	-32.79%	64.86%	270.00%	-54.55%
Free Cash Flow	39.51	119.94	205.84	489.69	42.39	-378.42
Free Cash Flow Per Share	0.06	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	26.40%	27.87%	36.57%	41.97%	34.96%	20.63%
Operating Margin	9.08%	9.89%	19.69%	28.09%	21.01%	3.25%
Profit Margin	10.68%	10.89%	18.31%	23.44%	15.95%	6.03%
Free Cash Flow Margin	3.47%	10.82%	15.27%	31.46%	3.19%	-40.20%
EBITDA	373.16	373.95	507.94	661.35	459.25	164.68
EBITDA Margin	32.74%	33.73%	37.68%	42.49%	34.57%	17.49%
D&A For EBITDA	269.69	264.25	242.48	224.09	180.16	134.05
EBIT	103.47	109.71	265.46	437.27	279.09	30.62
EBIT Margin	9.08%	9.89%	19.69%	28.09%	21.01%	3.25%
Effective Tax Rate	12.52%	11.05%	10.21%	10.84%	13.77%	25.20%
Revenue as Reported	1,140	1,109	1,348	1,556	-	-

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