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

Weichai Heavy Machinery Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,685	3,380	3,093	2,974	2,926
Other Revenue	316.23	381.97	361.05	436.8	382.04
Revenue	4,002	3,762	3,455	3,411	3,308
Revenue Growth (YoY)	6.37%	8.90%	1.29%	3.09%	24.44%
Cost of Revenue	3,550	3,325	3,015	2,944	2,830
Gross Profit	451.61	436.64	439.06	467.09	478.78
Selling, General & Admin	158.69	190.21	186.71	217.97	242.82
Research & Development	229.23	200.99	201.95	242.79	205.86
Other Operating Expenses	-10.53	8.36	-5.19	-20.05	1.84
Operating Expenses	384.82	399.7	384.46	445.07	451.06
Operating Income	66.79	36.94	54.59	22.01	27.72
Interest Expense	-0.14	-	-	-	-
Interest & Investment Income	42.11	33.67	26.28	25.78	18.49
Earnings From Equity Investments	56.92	58.48	43.2	68.79	53.93
Currency Exchange Gain (Loss)	-0.17	0.34	-	-	-0.07
Other Non Operating Income (Expenses)	-0.45	-0.25	-0.53	-0.87	-0.15
EBT Excluding Unusual Items	165.05	129.18	123.54	115.71	99.92
Gain (Loss) on Sale of Assets	0.79	1.97	10.87	19.64	2.89
Asset Writedown	-3.07	-0.13	-2.09	-1.01	-0.34
Other Unusual Items	29.95	22.64	19.76	4.14	1.69
Pretax Income	192.72	153.66	152.07	138.49	104.17
Income Tax Expense	7.76	-12.81	11.33	1.7	-5.52
Earnings From Continuing Operations	184.96	166.48	140.75	136.78	109.69
Net Income	184.96	166.48	140.75	136.78	109.69
Net Income to Common	184.96	166.48	140.75	136.78	109.69
Net Income Growth	11.10%	18.28%	2.90%	24.70%	31.09%
Shares Outstanding (Basic)	330	333	335	334	332
Shares Outstanding (Diluted)	330	333	335	334	332
Shares Change (YoY)	-0.80%	-0.64%	0.45%	0.37%	-0.69%
EPS (Basic)	0.56	0.50	0.42	0.41	0.33
EPS (Diluted)	0.56	0.50	0.42	0.41	0.33
EPS Growth	12.00%	19.05%	2.44%	24.24%	32.00%
Free Cash Flow	395.81	431.25	251.71	131.84	190.57
Free Cash Flow Per Share	1.20	1.29	0.75	0.40	0.57
Dividend Per Share	0.200	0.180	0.150	0.025	0.042
Dividend Growth	11.11%	20.00%	500.00%	-40.05%	149.70%
Gross Margin	11.29%	11.61%	12.71%	13.69%	14.47%
Operating Margin	1.67%	0.98%	1.58%	0.65%	0.84%
Profit Margin	4.62%	4.42%	4.07%	4.01%	3.31%
Free Cash Flow Margin	9.89%	11.46%	7.29%	3.86%	5.76%
EBITDA	181.67	173.71	203.56	186.16	185.33
EBITDA Margin	4.54%	4.62%	5.89%	5.46%	5.60%
D&A For EBITDA	114.88	136.78	148.97	164.14	157.6
EBIT	66.79	36.94	54.59	22.01	27.72
EBIT Margin	1.67%	0.98%	1.58%	0.65%	0.84%
Effective Tax Rate	4.03%	-	7.45%	1.23%	-
Revenue as Reported	4,002	3,762	3,455	3,411	3,308

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