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

SHE:002003 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	4,603	3,858	3,580	3,307	2,459
Other Revenue	71.61	48.5	47.58	48.23	37.52
Revenue	4,674	3,907	3,628	3,356	2,496
Revenue Growth (YoY)	19.66%	7.67%	8.12%	34.44%	-8.30%
Cost of Revenue	2,726	2,310	2,213	2,081	1,535
Gross Profit	1,949	1,597	1,415	1,274	961.62
Selling, General & Admin	918.67	753.47	683.65	574.42	504.32
Research & Development	180.64	159.79	151.38	138.6	103.29
Other Operating Expenses	25.99	25.15	39.48	30.64	22.52
Operating Expenses	1,130	945.08	871.05	755.84	630.49
Operating Income	818.81	651.49	543.61	518.38	331.12
Interest Expense	-32.5	-35.11	-26	-16.11	-14.6
Interest & Investment Income	45.36	34.35	20.73	19.6	126.8
Currency Exchange Gain (Loss)	10.09	8.67	47.89	-9.93	-19.09
Other Non Operating Income (Expenses)	-9.47	-11.19	-11.03	-7.06	-4.93
EBT Excluding Unusual Items	832.29	648.21	575.2	504.89	419.3
Gain (Loss) on Sale of Investments	-0.07	0.36	0.36	0.36	0.36
Gain (Loss) on Sale of Assets	-0.65	20.94	-0.75	-4.06	0.55
Asset Writedown	-2.59	-3.27	-22.26	-6.94	-1.49
Other Unusual Items	18.01	-	27.41	21.54	39.87
Pretax Income	846.98	666.23	579.96	515.79	458.59
Income Tax Expense	140	109.09	93.14	70.41	63.44
Earnings From Continuing Operations	706.98	557.14	486.82	445.38	395.15
Net Income to Company	706.98	557.14	486.82	445.38	395.15
Minority Interest in Earnings	-6.65	0.97	1.83	3.26	1.12
Net Income	700.33	558.11	488.65	448.64	396.27
Net Income to Common	700.33	558.11	488.65	448.64	396.27
Net Income Growth	25.48%	14.21%	8.92%	13.22%	36.34%
Shares Outstanding (Basic)	1,167	1,053	1,018	997	991
Shares Outstanding (Diluted)	1,167	1,053	1,018	997	991
Shares Change (YoY)	10.85%	3.44%	2.11%	0.64%	2.26%
EPS (Basic)	0.60	0.53	0.48	0.45	0.40
EPS (Diluted)	0.60	0.53	0.48	0.45	0.40
EPS Growth	13.21%	10.42%	6.67%	12.50%	33.33%
Free Cash Flow	324.12	16.4	60.62	184.78	280.73
Free Cash Flow Per Share	0.28	0.02	0.06	0.18	0.28
Dividend Per Share	0.500	0.450	0.350	0.385	0.308
Dividend Growth	11.11%	28.57%	-9.00%	24.99%	-
Gross Margin	41.69%	40.87%	38.99%	37.97%	38.52%
Operating Margin	17.52%	16.68%	14.98%	15.45%	13.27%
Profit Margin	14.98%	14.29%	13.47%	13.37%	15.88%
Free Cash Flow Margin	6.93%	0.42%	1.67%	5.51%	11.25%
EBITDA	1,078	895.69	747.57	692.27	499.91
EBITDA Margin	23.05%	22.93%	20.61%	20.63%	20.03%
D&A For EBITDA	258.72	244.2	203.96	173.89	168.79
EBIT	818.81	651.49	543.61	518.38	331.12
EBIT Margin	17.52%	16.68%	14.98%	15.45%	13.27%
Effective Tax Rate	16.53%	16.38%	16.06%	13.65%	13.83%
Revenue as Reported	4,674	3,907	3,628	3,356	2,496
Advertising Expenses	-	-	-	0.44	0.58

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