Weichai Heavy Machinery Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	5,182	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	5,498	4,002	3,762	3,455	3,411	3,308
Revenue Growth (YoY)	41.29%	6.37%	8.90%	1.29%	3.09%	24.44%
Cost of Revenue	4,927	3,550	3,325	3,015	2,944	2,830
Gross Profit	571.23	451.61	436.64	439.06	467.09	478.78
Selling, General & Admin	174.5	158.69	190.21	186.71	217.97	242.82
Research & Development	242.58	229.23	200.99	201.95	242.79	205.86
Other Operating Expenses	-1.78	-10.53	8.36	-5.19	-20.05	1.84
Operating Expenses	435.56	384.82	399.7	384.46	445.07	451.06
Operating Income	135.67	66.79	36.94	54.59	22.01	27.72
Interest Expense	-0.52	-0.14	-	-	-	-
Interest & Investment Income	31.71	42.11	33.67	26.28	25.78	18.49
Earnings From Equity Investments	52.72	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)	-3.48	-0.45	-0.25	-0.53	-0.87	-0.15
EBT Excluding Unusual Items	215.93	165.05	129.18	123.54	115.71	99.92
Gain (Loss) on Sale of Assets	6.3	0.79	1.97	10.87	19.64	2.89
Asset Writedown	6.55	-3.07	-0.13	-2.09	-1.01	-0.34
Other Unusual Items	29.95	29.95	22.64	19.76	4.14	1.69
Pretax Income	258.73	192.72	153.66	152.07	138.49	104.17
Income Tax Expense	13.42	7.76	-12.81	11.33	1.7	-5.52
Earnings From Continuing Operations	245.3	184.96	166.48	140.75	136.78	109.69
Net Income	245.3	184.96	166.48	140.75	136.78	109.69
Net Income to Common	245.3	184.96	166.48	140.75	136.78	109.69
Net Income Growth	55.00%	11.10%	18.28%	2.90%	24.70%	31.09%
Shares Outstanding (Basic)	461	462	466	469	467	465
Shares Outstanding (Diluted)	461	462	466	469	467	465
Shares Change (YoY)	-2.39%	-0.81%	-0.63%	0.46%	0.35%	-0.67%
EPS (Basic)	0.53	0.40	0.36	0.30	0.29	0.24
EPS (Diluted)	0.53	0.40	0.36	0.30	0.29	0.24
EPS Growth	58.79%	12.01%	19.03%	2.42%	24.27%	31.97%
Free Cash Flow	874.04	395.81	431.25	251.71	131.84	190.57
Free Cash Flow Per Share	1.90	0.86	0.93	0.54	0.28	0.41
Dividend Per Share	0.186	0.143	0.129	0.107	0.018	0.030
Dividend Growth	23.87%	11.12%	20.08%	498.32%	-39.93%	150.42%
Gross Margin	10.39%	11.29%	11.61%	12.71%	13.69%	14.47%
Operating Margin	2.47%	1.67%	0.98%	1.58%	0.65%	0.84%
Profit Margin	4.46%	4.62%	4.42%	4.07%	4.01%	3.31%
Free Cash Flow Margin	15.90%	9.89%	11.46%	7.29%	3.86%	5.76%
EBITDA	234.12	181.67	173.71	203.56	186.16	185.33
EBITDA Margin	4.26%	4.54%	4.62%	5.89%	5.46%	5.60%
D&A For EBITDA	98.46	114.88	136.78	148.97	164.14	157.6
EBIT	135.67	66.79	36.94	54.59	22.01	27.72
EBIT Margin	2.47%	1.67%	0.98%	1.58%	0.65%	0.84%
Effective Tax Rate	5.19%	4.03%	-	7.45%	1.23%	-
Revenue as Reported	5,498	4,002	3,762	3,455	3,411	3,308

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