Guangdong Vanward New Electric Co., Ltd. (SHE:002543)

SHE:002543 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	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	6,817	5,996	6,507	7,382	6,173	6,129
Other Revenue	108.1	108.1	120.39	145.48	96.7	91.14
Revenue	6,925	6,104	6,628	7,527	6,270	6,220
Revenue Growth (YoY)	16.11%	-7.91%	-11.95%	20.05%	0.80%	-10.04%
Cost of Revenue	4,719	4,187	4,851	5,788	4,531	4,170
Gross Profit	2,207	1,917	1,777	1,739	1,739	2,050
Selling, General & Admin	1,193	953.65	840.75	830.03	958.77	1,153
Research & Development	260.94	230.52	250.38	285.86	236.69	257.94
Other Operating Expenses	28.96	19.27	46.69	39.97	40.66	52.7
Operating Expenses	1,518	1,236	1,174	1,269	1,241	1,482
Operating Income	689.03	681.19	603.33	469.98	497.55	568.08
Interest Expense	-42.67	-17.67	-14.97	-16.81	-23.47	-27.88
Interest & Investment Income	68.21	47.84	24.35	30.8	42.18	43.35
Currency Exchange Gain (Loss)	9.34	9.34	99.64	-31.69	-38.19	-0.67
Other Non Operating Income (Expenses)	25.68	-4.28	9.47	-10.48	-18.77	-6.45
EBT Excluding Unusual Items	749.59	716.42	721.82	441.81	459.29	576.43
Gain (Loss) on Sale of Investments	-238.37	-69.87	-131.62	-27.38	232.02	45
Gain (Loss) on Sale of Assets	4.41	0.1	-0.08	-2.93	-0.89	2.88
Asset Writedown	-14.82	-2.34	0.75	-22.34	-11.88	-0.58
Other Unusual Items	34.96	9.59	40.51	25.97	34.23	102.51
Pretax Income	536.15	654.27	632.17	415.39	712.77	728.28
Income Tax Expense	73.23	86.04	82.64	58.52	100.9	119.6
Earnings From Continuing Operations	462.91	568.23	549.54	356.88	611.87	608.68
Minority Interest in Earnings	-	-	0.5	1.38	-0.52	-10.6
Net Income	462.91	568.23	550.04	358.26	611.34	598.08
Net Income to Common	462.91	568.23	550.04	358.26	611.34	598.08
Net Income Growth	-18.02%	3.31%	53.53%	-41.40%	2.22%	22.33%
Shares Outstanding (Basic)	747	748	743	746	746	748
Shares Outstanding (Diluted)	747	748	743	746	746	748
Shares Change (YoY)	0.48%	0.59%	-0.41%	0.11%	-0.28%	0.92%
EPS (Basic)	0.62	0.76	0.74	0.48	0.82	0.80
EPS (Diluted)	0.62	0.76	0.74	0.48	0.82	0.80
EPS Growth	-18.41%	2.70%	54.17%	-41.46%	2.50%	21.21%
Free Cash Flow	617.21	981.19	695.86	313.52	1,130	664.77
Free Cash Flow Per Share	0.83	1.31	0.94	0.42	1.52	0.89
Dividend Per Share	0.600	0.400	0.400	0.330	0.330	0.330
Dividend Growth	50.00%	-	21.21%	-	-	-0.24%
Gross Margin	31.86%	31.41%	26.82%	23.10%	27.73%	32.95%
Operating Margin	9.95%	11.16%	9.10%	6.24%	7.94%	9.13%
Profit Margin	6.69%	9.31%	8.30%	4.76%	9.75%	9.62%
Free Cash Flow Margin	8.91%	16.07%	10.50%	4.17%	18.02%	10.69%
EBITDA	803.86	810.47	751.88	620.48	661.91	720.39
EBITDA Margin	11.61%	13.28%	11.34%	8.24%	10.56%	11.58%
D&A For EBITDA	114.83	129.28	148.55	150.5	164.36	152.31
EBIT	689.03	681.19	603.33	469.98	497.55	568.08
EBIT Margin	9.95%	11.16%	9.10%	6.24%	7.94%	9.13%
Effective Tax Rate	13.66%	13.15%	13.07%	14.09%	14.16%	16.42%
Revenue as Reported	6,925	6,104	6,628	7,527	6,270	6,220
Advertising Expenses	-	73.58	46.98	44.67	40.41	80.03

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.