Weichai Heavy Machinery Co., Ltd. (SHE:000880)

Weichai Heavy Machinery 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	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,874	3,685	3,380	3,093	2,974	2,926
Other Revenue	316.23	316.23	381.97	361.05	436.8	382.04
Revenue	4,190	4,002	3,762	3,455	3,411	3,308
Revenue Growth (YoY)	11.27%	6.37%	8.90%	1.29%	3.09%	24.44%
Cost of Revenue	3,740	3,550	3,325	3,015	2,944	2,830
Gross Profit	450.13	451.61	436.64	439.06	467.09	478.78
Selling, General & Admin	154.52	158.69	190.21	186.71	217.97	242.82
Research & Development	238.47	229.23	200.99	201.95	242.79	205.86
Other Operating Expenses	-19.89	-10.53	8.36	-5.19	-20.05	1.84
Operating Expenses	388.25	384.82	399.7	384.46	445.07	451.06
Operating Income	61.88	66.79	36.94	54.59	22.01	27.72
Interest Expense	-0.14	-0.14	-	-	-	-
Interest & Investment Income	40.8	42.11	33.67	26.28	25.78	18.49
Earnings From Equity Investments	60.46	56.92	58.48	43.2	68.79	53.93
Currency Exchange Gain (Loss)	-0.17	-0.17	0.34	-	-	-0.07
Other Non Operating Income (Expenses)	-0.17	-0.45	-0.25	-0.53	-0.87	-0.15
EBT Excluding Unusual Items	162.66	165.05	129.18	123.54	115.71	99.92
Gain (Loss) on Sale of Assets	0.35	0.79	1.97	10.87	19.64	2.89
Asset Writedown	6.57	-3.07	-0.13	-2.09	-1.01	-0.34
Other Unusual Items	30.46	29.95	22.64	19.76	4.14	1.69
Pretax Income	200.04	192.72	153.66	152.07	138.49	104.17
Income Tax Expense	7.16	7.76	-12.81	11.33	1.7	-5.52
Earnings From Continuing Operations	192.89	184.96	166.48	140.75	136.78	109.69
Net Income	192.89	184.96	166.48	140.75	136.78	109.69
Net Income to Common	192.89	184.96	166.48	140.75	136.78	109.69
Net Income Growth	14.10%	11.10%	18.28%	2.90%	24.70%	31.09%
Shares Outstanding (Basic)	325	330	333	335	334	332
Shares Outstanding (Diluted)	325	330	333	335	334	332
Shares Change (YoY)	-1.50%	-0.80%	-0.64%	0.45%	0.37%	-0.69%
EPS (Basic)	0.59	0.56	0.50	0.42	0.41	0.33
EPS (Diluted)	0.59	0.56	0.50	0.42	0.41	0.33
EPS Growth	15.84%	12.00%	19.05%	2.44%	24.24%	32.00%
Free Cash Flow	602.33	395.81	431.25	251.71	131.84	190.57
Free Cash Flow Per Share	1.86	1.20	1.29	0.75	0.40	0.57
Dividend Per Share	0.200	0.200	0.180	0.150	0.025	0.042
Dividend Growth	11.11%	11.11%	20.00%	500.00%	-40.05%	149.70%
Gross Margin	10.74%	11.29%	11.61%	12.71%	13.69%	14.47%
Operating Margin	1.48%	1.67%	0.98%	1.58%	0.65%	0.84%
Profit Margin	4.60%	4.62%	4.42%	4.07%	4.01%	3.31%
Free Cash Flow Margin	14.38%	9.89%	11.46%	7.29%	3.86%	5.76%
EBITDA	171.29	181.67	173.71	203.56	186.16	185.33
EBITDA Margin	4.09%	4.54%	4.62%	5.89%	5.46%	5.60%
D&A For EBITDA	109.41	114.88	136.78	148.97	164.14	157.6
EBIT	61.88	66.79	36.94	54.59	22.01	27.72
EBIT Margin	1.48%	1.67%	0.98%	1.58%	0.65%	0.84%
Effective Tax Rate	3.58%	4.03%	-	7.45%	1.23%	-
Revenue as Reported	4,190	4,002	3,762	3,455	3,411	3,308

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