Zhejiang Weixing Industrial Development Co., Ltd. (SHE: 002003)

Zhejiang Weixing Industrial Development Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,314	3,858	3,580	3,307	2,459	2,722
Other Revenue	60.1	48.5	47.58	48.23	37.52	-
Revenue	4,374	3,907	3,628	3,356	2,496	2,722
Revenue Growth (YoY)	20.56%	7.67%	8.12%	34.44%	-8.30%	0.39%
Cost of Revenue	2,571	2,310	2,213	2,081	1,535	1,672
Gross Profit	1,803	1,597	1,415	1,274	961.62	1,050
Selling, General & Admin	831.33	761.77	690.56	574.42	504.32	535.77
Research & Development	170.4	158.16	151.38	138.6	103.29	113.21
Other Operating Expenses	-1.22	33.39	32.56	30.64	22.52	27.18
Operating Expenses	1,012	959.99	871.05	755.84	630.49	678.86
Operating Income	790.87	636.58	543.61	518.38	331.12	371.15
Interest Expense	-32.46	-35.11	-26	-16.11	-14.6	-6.02
Interest & Investment Income	46.5	34.35	20.73	19.6	126.8	8.29
Currency Exchange Gain (Loss)	-1.61	8.67	47.89	-9.93	-19.09	-
Other Non Operating Income (Expenses)	-4.98	-7.88	-11.03	-7.06	-4.93	-0.01
EBT Excluding Unusual Items	798.32	636.61	575.2	504.89	419.3	373.42
Gain (Loss) on Sale of Investments	0.36	0.36	0.36	0.36	0.36	0.36
Gain (Loss) on Sale of Assets	22.2	20.94	-0.75	-4.06	0.55	-3.14
Asset Writedown	-1.32	-3.27	-22.26	-6.94	-1.49	-
Other Unusual Items	1.97	11.6	27.41	21.54	39.87	15.05
Pretax Income	821.53	666.23	579.96	515.79	458.59	385.69
Income Tax Expense	146.08	109.09	93.14	70.41	63.44	66.79
Earnings From Continuing Operations	675.46	557.14	486.82	445.38	395.15	318.9
Earnings From Discontinued Operations	-	-	-	-	-	-35.61
Net Income to Company	675.46	557.14	486.82	445.38	395.15	283.29
Minority Interest in Earnings	-3.29	0.97	1.83	3.26	1.12	7.35
Net Income	672.17	558.11	488.65	448.64	396.27	290.64
Preferred Dividends & Other Adjustments	13.88	13.88	-	-	-	-
Net Income to Common	658.29	544.23	488.65	448.64	396.27	290.64
Net Income Growth	40.43%	14.21%	8.92%	13.22%	36.34%	-6.33%
Shares Outstanding (Basic)	1,108	1,034	1,018	997	991	969
Shares Outstanding (Diluted)	1,108	1,034	1,018	997	991	969
Shares Change (YoY)	8.75%	1.59%	2.11%	0.64%	2.26%	-1.52%
EPS (Basic)	0.59	0.53	0.48	0.45	0.40	0.30
EPS (Diluted)	0.59	0.53	0.48	0.45	0.40	0.30
EPS Growth	26.46%	9.64%	6.67%	12.50%	33.33%	-4.88%
Free Cash Flow	182.86	16.4	60.62	184.78	280.73	235.21
Free Cash Flow Per Share	0.17	0.02	0.06	0.19	0.28	0.24
Dividend Per Share	0.650	0.450	0.350	0.385	0.308	0.308
Dividend Growth	85.71%	28.57%	-9.00%	24.99%	0%	14.30%
Gross Margin	41.21%	40.87%	38.99%	37.97%	38.52%	38.57%
Operating Margin	18.08%	16.30%	14.98%	15.45%	13.27%	13.63%
Profit Margin	15.05%	13.93%	13.47%	13.37%	15.88%	10.68%
Free Cash Flow Margin	4.18%	0.42%	1.67%	5.51%	11.25%	8.64%
EBITDA	1,025	853.25	747.57	692.27	499.91	517.45
EBITDA Margin	23.43%	21.84%	20.61%	20.63%	20.03%	19.01%
D&A For EBITDA	234.06	216.66	203.96	173.89	168.79	146.31
EBIT	790.87	636.58	543.61	518.38	331.12	371.15
EBIT Margin	18.08%	16.30%	14.98%	15.45%	13.27%	13.63%
Effective Tax Rate	17.78%	16.37%	16.06%	13.65%	13.83%	17.32%
Revenue as Reported	4,374	3,907	3,628	3,356	2,496	2,732
Advertising Expenses	-	-	-	0.44	0.58	-

Source: S&P Capital IQ. Standard template. Financial Sources.