Wave Cyber (Shanghai) Co., Ltd. (SHA:688718)

Wave Cyber (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	386.77	375.08	384.06	307.86	378.63	313.53
Other Revenue	0.16	0.16	0.15	0.19	0.56	0.07
Revenue	386.93	375.24	384.21	308.05	379.19	313.6
Revenue Growth (YoY)	4.28%	-2.34%	24.72%	-18.76%	20.92%	-13.03%
Cost of Revenue	262.21	250.46	264.09	215.36	249.58	199.68
Gross Profit	124.72	124.77	120.12	92.69	129.61	113.92
Selling, General & Admin	59.95	61	49.42	45.72	44.38	37.68
Research & Development	29.96	29.14	27.39	21.3	23.78	21.28
Other Operating Expenses	3.17	4.16	5.29	3.71	4.35	2.64
Operating Expenses	93.89	95.19	82.3	71.01	72.52	62.23
Operating Income	30.83	29.58	37.82	21.68	57.09	51.69
Interest Expense	-0.02	-0.02	-0.18	-0.36	-1.58	-1.67
Interest & Investment Income	0.91	0.94	1.86	1.61	0.74	1.18
Currency Exchange Gain (Loss)	2.44	2.44	1.78	4.57	-1.13	-2.63
Other Non Operating Income (Expenses)	-0.4	-0.28	0.05	-0.34	-0.36	0.14
EBT Excluding Unusual Items	33.75	32.66	41.34	27.15	54.75	48.7
Gain (Loss) on Sale of Investments	-0.19	-0.22	-0.41	-0.2	-0.18	0.16
Gain (Loss) on Sale of Assets	0.5	0.5	0.15	-0.08	-0.39	-0.14
Asset Writedown	-	-	-	-	-4.5	-0.03
Other Unusual Items	5.61	5.64	5.53	4.99	8.03	4.25
Pretax Income	39.67	38.58	46.6	31.86	57.71	52.95
Income Tax Expense	0.98	1.65	1.67	0.48	7.23	6.19
Earnings From Continuing Operations	38.7	36.93	44.94	31.38	50.48	46.76
Minority Interest in Earnings	1.66	1.66	1	-	-	-
Net Income	40.35	38.59	45.94	31.38	50.48	46.76
Net Income to Common	40.35	38.59	45.94	31.38	50.48	46.76
Net Income Growth	-3.65%	-16.00%	46.41%	-37.84%	7.96%	-29.48%
Shares Outstanding (Basic)	178	175	177	174	148	130
Shares Outstanding (Diluted)	178	175	177	174	148	130
Shares Change (YoY)	5.05%	-0.73%	1.70%	17.06%	13.89%	0.00%
EPS (Basic)	0.23	0.22	0.26	0.18	0.34	0.36
EPS (Diluted)	0.23	0.22	0.26	0.18	0.34	0.36
EPS Growth	-8.28%	-15.38%	43.96%	-46.90%	-5.21%	-29.48%
Free Cash Flow	18.67	9.46	-27.22	-25.25	-92.42	6.77
Free Cash Flow Per Share	0.10	0.05	-0.15	-0.14	-0.62	0.05
Gross Margin	32.23%	33.25%	31.26%	30.09%	34.18%	36.33%
Operating Margin	7.97%	7.88%	9.84%	7.04%	15.05%	16.48%
Profit Margin	10.43%	10.28%	11.96%	10.19%	13.31%	14.91%
Free Cash Flow Margin	4.83%	2.52%	-7.08%	-8.20%	-24.37%	2.16%
EBITDA	68.47	66.45	71.59	48.63	81.35	72.83
EBITDA Margin	17.70%	17.71%	18.63%	15.79%	21.45%	23.22%
D&A For EBITDA	37.64	36.86	33.77	26.95	24.26	21.14
EBIT	30.83	29.58	37.82	21.68	57.09	51.69
EBIT Margin	7.97%	7.88%	9.84%	7.04%	15.05%	16.48%
Effective Tax Rate	2.46%	4.27%	3.58%	1.52%	12.52%	11.68%
Revenue as Reported	386.93	375.24	384.21	308.05	379.19	313.6
Advertising Expenses	-	0.1	0.06	0.05	0.58	0.61

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.