Freewon China Co.,Ltd. (SHA:688678)

Freewon China 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	1,357	1,264	979.64	915.95	721.83	511.78
Other Revenue	20.85	20.85	11.99	10.9	4.66	5.17
Revenue	1,378	1,285	991.63	926.84	726.49	516.95
Revenue Growth (YoY)	27.50%	29.60%	6.99%	27.58%	40.53%	16.63%
Cost of Revenue	1,098	1,004	720.74	635.73	489.57	307.57
Gross Profit	279.23	281.03	270.89	291.11	236.92	209.38
Selling, General & Admin	96.19	87.65	73.04	71.72	49.16	31.65
Research & Development	127.52	122.43	98.56	80	60.57	41.57
Other Operating Expenses	10.21	6.13	4.56	4.2	2.15	3.06
Operating Expenses	239.99	222.43	179.38	160.86	115.48	76.91
Operating Income	39.24	58.6	91.51	130.25	121.45	132.47
Interest Expense	-43.06	-43.65	-21.37	-3.31	-1.66	-4.61
Interest & Investment Income	13.67	14.81	7.4	6.75	8.22	0.58
Currency Exchange Gain (Loss)	9.33	9.33	0.89	14.86	1.83	-6.69
Other Non Operating Income (Expenses)	-0.64	-0.64	-1.05	-1.48	-0.73	-0.69
EBT Excluding Unusual Items	18.54	38.45	77.38	147.08	129.1	121.05
Impairment of Goodwill	-6.09	-6.09	-	-	-	-
Gain (Loss) on Sale of Investments	1.18	0.53	2.15	2.07	1.3	-
Gain (Loss) on Sale of Assets	-0.2	-0.2	-0.06	-0.03	0.05	-0.12
Asset Writedown	1.97	-	-	-	-	-
Other Unusual Items	8.18	8.2	13.03	6.91	6.5	4.79
Pretax Income	23.57	40.89	92.49	156.03	136.95	125.73
Income Tax Expense	-12.4	-7.33	0.17	-10.05	11.77	12.87
Earnings From Continuing Operations	35.97	48.22	92.33	166.08	125.19	112.85
Minority Interest in Earnings	5.53	6.31	-3.83	-4.13	-3.05	-1.29
Net Income	41.5	54.53	88.49	161.95	122.14	111.56
Net Income to Common	41.5	54.53	88.49	161.95	122.14	111.56
Net Income Growth	-61.69%	-38.38%	-45.36%	32.59%	9.48%	3.91%
Shares Outstanding (Basic)	259	241	243	241	244	182
Shares Outstanding (Diluted)	259	241	243	241	244	182
Shares Change (YoY)	8.77%	-0.72%	0.70%	-1.26%	34.51%	2.70%
EPS (Basic)	0.16	0.23	0.36	0.67	0.50	0.61
EPS (Diluted)	0.16	0.23	0.36	0.67	0.50	0.61
EPS Growth	-64.77%	-37.94%	-45.74%	34.28%	-18.61%	1.19%
Free Cash Flow	-416.57	-497.2	-213.01	-265.72	-206.45	-35.53
Free Cash Flow Per Share	-1.61	-2.06	-0.88	-1.10	-0.84	-0.20
Dividend Per Share	0.100	0.100	0.214	0.214	0.214	0.214
Dividend Growth	-53.34%	-53.34%	-	-	-	-
Gross Margin	20.27%	21.87%	27.32%	31.41%	32.61%	40.50%
Operating Margin	2.85%	4.56%	9.23%	14.05%	16.72%	25.63%
Profit Margin	3.01%	4.24%	8.92%	17.47%	16.81%	21.58%
Free Cash Flow Margin	-30.24%	-38.69%	-21.48%	-28.67%	-28.42%	-6.87%
EBITDA	169.59	183.5	194.61	199.97	168.38	164.98
EBITDA Margin	12.31%	14.28%	19.63%	21.57%	23.18%	31.91%
D&A For EBITDA	130.35	124.9	103.09	69.71	46.94	32.5
EBIT	39.24	58.6	91.51	130.25	121.45	132.47
EBIT Margin	2.85%	4.56%	9.23%	14.05%	16.72%	25.63%
Effective Tax Rate	-	-	0.18%	-	8.59%	10.24%
Revenue as Reported	1,378	1,285	991.63	926.84	726.49	516.95

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