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	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,534	3,858	3,580	3,307	2,459	2,722
Other Revenue	48.5	48.5	47.58	48.23	37.52	-
Revenue	4,582	3,907	3,628	3,356	2,496	2,722
Revenue Growth (YoY)	23.37%	7.67%	8.12%	34.44%	-8.30%	0.39%
Cost of Revenue	2,665	2,310	2,213	2,081	1,535	1,672
Gross Profit	1,918	1,597	1,415	1,274	961.62	1,050
Selling, General & Admin	926.29	761.77	690.56	574.42	504.32	535.77
Research & Development	178.95	158.16	151.38	138.6	103.29	113.21
Other Operating Expenses	21.42	33.39	32.56	30.64	22.52	27.18
Operating Expenses	1,130	959.99	871.05	755.84	630.49	678.86
Operating Income	787.28	636.58	543.61	518.38	331.12	371.15
Interest Expense	-32.74	-35.11	-26	-16.11	-14.6	-6.02
Interest & Investment Income	45.93	34.35	20.73	19.6	126.8	8.29
Currency Exchange Gain (Loss)	8.67	8.67	47.89	-9.93	-19.09	-
Other Non Operating Income (Expenses)	-19.85	-7.88	-11.03	-7.06	-4.93	-0.01
EBT Excluding Unusual Items	789.28	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	-0.62	20.94	-0.75	-4.06	0.55	-3.14
Asset Writedown	-3.24	-3.27	-22.26	-6.94	-1.49	-
Other Unusual Items	11.6	11.6	27.41	21.54	39.87	15.05
Pretax Income	797.38	666.23	579.96	515.79	458.59	385.69
Income Tax Expense	143.98	109.09	93.14	70.41	63.44	66.79
Earnings From Continuing Operations	653.4	557.14	486.82	445.38	395.15	318.9
Earnings From Discontinued Operations	-	-	-	-	-	-35.61
Net Income to Company	653.4	557.14	486.82	445.38	395.15	283.29
Minority Interest in Earnings	-3.99	0.97	1.83	3.26	1.12	7.35
Net Income	649.41	558.11	488.65	448.64	396.27	290.64
Preferred Dividends & Other Adjustments	13.88	13.88	-	-	-	-
Net Income to Common	635.54	544.23	488.65	448.64	396.27	290.64
Net Income Growth	29.71%	14.21%	8.92%	13.22%	36.34%	-6.33%
Shares Outstanding (Basic)	1,149	1,034	1,018	997	991	969
Shares Outstanding (Diluted)	1,149	1,034	1,018	997	991	969
Shares Change (YoY)	12.56%	1.59%	2.11%	0.64%	2.26%	-1.52%
EPS (Basic)	0.55	0.53	0.48	0.45	0.40	0.30
EPS (Diluted)	0.55	0.53	0.48	0.45	0.40	0.30
EPS Growth	12.77%	9.64%	6.67%	12.50%	33.33%	-4.88%
Free Cash Flow	228.65	16.4	60.62	184.78	280.73	235.21
Free Cash Flow Per Share	0.20	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	41.85%	40.87%	38.99%	37.97%	38.52%	38.57%
Operating Margin	17.18%	16.30%	14.98%	15.45%	13.27%	13.63%
Profit Margin	13.87%	13.93%	13.47%	13.37%	15.88%	10.68%
Free Cash Flow Margin	4.99%	0.42%	1.67%	5.51%	11.25%	8.64%
EBITDA	1,013	853.25	747.57	692.27	499.91	517.45
EBITDA Margin	22.12%	21.84%	20.61%	20.63%	20.03%	19.01%
D&A For EBITDA	226.2	216.66	203.96	173.89	168.79	146.31
EBIT	787.28	636.58	543.61	518.38	331.12	371.15
EBIT Margin	17.18%	16.30%	14.98%	15.45%	13.27%	13.63%
Effective Tax Rate	18.06%	16.37%	16.06%	13.65%	13.83%	17.32%
Revenue as Reported	4,582	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.