Zhejiang Wanliyang Co., Ltd. (SHE:002434)

Zhejiang Wanliyang Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	5,676	5,768	5,729	5,038	5,389	5,932
Other Revenue	245.27	245.27	184.19	75	97.4	132.42
Revenue	5,921	6,013	5,913	5,113	5,487	6,065
Revenue Growth (YoY)	-3.05%	1.69%	15.64%	-6.81%	-9.53%	18.92%
Cost of Revenue	5,000	5,102	4,961	4,242	4,565	4,880
Gross Profit	921.08	911	952.21	870.88	921.34	1,185
Selling, General & Admin	249.74	244.64	220.01	299.35	266.3	250.47
Research & Development	355.28	304.71	348.56	333.3	356.87	328.92
Other Operating Expenses	11.94	13.52	16.77	27.68	60.01	23.02
Operating Expenses	624.6	580.66	602.91	696.81	756.7	653.71
Operating Income	296.49	330.34	349.3	174.07	164.64	531.12
Interest Expense	-55.41	-71.38	-54.58	-61.54	-68	-56.75
Interest & Investment Income	141.11	9.1	12.42	20.41	10.11	48.51
Other Non Operating Income (Expenses)	-0.37	-2.3	-3.32	-2.86	-4.22	-3.2
EBT Excluding Unusual Items	381.81	265.76	303.82	130.08	102.53	519.68
Impairment of Goodwill	-	-	-	-	-944.45	-
Gain (Loss) on Sale of Investments	2.23	0.7	-61.19	-1.49	-44.54	-
Gain (Loss) on Sale of Assets	2.35	2.69	29	7.97	-9.36	0.03
Asset Writedown	-7.2	-1.6	-0.01	-	-0.01	-0.01
Other Unusual Items	15.64	15.64	47.27	162.51	113.42	149.8
Pretax Income	394.83	283.2	318.89	299.07	-782.41	669.5
Income Tax Expense	38.86	26.41	25.18	-0.94	0.88	57.6
Earnings From Continuing Operations	355.97	256.78	293.71	300	-783.29	611.9
Minority Interest in Earnings	-32.27	-16.8	7.39	0.11	8.57	5.38
Net Income	323.7	239.99	301.1	300.11	-774.72	617.28
Net Income to Common	323.7	239.99	301.1	300.11	-774.72	617.28
Net Income Growth	36.80%	-20.29%	0.33%	-	-	54.19%
Shares Outstanding (Basic)	1,352	1,333	1,309	1,305	1,313	1,313
Shares Outstanding (Diluted)	1,352	1,333	1,309	1,305	1,313	1,313
Shares Change (YoY)	6.63%	1.85%	0.33%	-0.63%	-0.02%	-1.58%
EPS (Basic)	0.24	0.18	0.23	0.23	-0.59	0.47
EPS (Diluted)	0.24	0.18	0.23	0.23	-0.59	0.47
EPS Growth	28.29%	-21.74%	-	-	-	56.67%
Free Cash Flow	237.82	-78.45	18.65	290.24	49.89	568.77
Free Cash Flow Per Share	0.18	-0.06	0.01	0.22	0.04	0.43
Dividend Per Share	0.100	0.100	0.300	-	-	0.450
Dividend Growth	-66.67%	-66.67%	-	-	-	350.00%
Gross Margin	15.56%	15.15%	16.10%	17.03%	16.79%	19.54%
Operating Margin	5.01%	5.49%	5.91%	3.40%	3.00%	8.76%
Profit Margin	5.47%	3.99%	5.09%	5.87%	-14.12%	10.18%
Free Cash Flow Margin	4.02%	-1.31%	0.32%	5.68%	0.91%	9.38%
EBITDA	820.43	818.92	790.73	607.96	680.06	989.5
EBITDA Margin	13.86%	13.62%	13.37%	11.89%	12.39%	16.31%
D&A For EBITDA	523.94	488.58	441.43	433.89	515.42	458.38
EBIT	296.49	330.34	349.3	174.07	164.64	531.12
EBIT Margin	5.01%	5.49%	5.91%	3.40%	3.00%	8.76%
Effective Tax Rate	9.84%	9.33%	7.90%	-	-	8.60%
Revenue as Reported	5,921	6,013	5,913	5,113	5,487	6,065
Advertising Expenses	-	1.59	0.29	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.