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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	7,512	7,197	5,996	6,507	7,382	6,173
Other Revenue	145.24	145.24	108.1	120.39	145.48	96.7
Revenue	7,657	7,342	6,104	6,628	7,527	6,270
Revenue Growth (YoY)	18.15%	20.29%	-7.91%	-11.95%	20.05%	0.80%
Cost of Revenue	5,569	5,305	4,391	4,851	5,788	4,531
Gross Profit	2,088	2,037	1,713	1,777	1,739	1,739
Selling, General & Admin	1,016	969.88	750.02	840.75	830.03	958.77
Research & Development	289.94	288.69	230.52	250.38	285.86	236.69
Other Operating Expenses	24.97	20.4	19.27	46.69	39.97	40.66
Operating Expenses	1,337	1,301	1,032	1,174	1,269	1,241
Operating Income	751.54	736.82	681.19	603.33	469.98	497.55
Interest Expense	-39.08	-36.11	-17.67	-14.97	-16.81	-23.47
Interest & Investment Income	73.55	69.72	47.84	24.35	30.8	42.18
Currency Exchange Gain (Loss)	68.42	68.42	9.34	99.64	-31.69	-38.19
Other Non Operating Income (Expenses)	2.04	-6.43	-4.28	9.47	-10.48	-18.77
EBT Excluding Unusual Items	856.48	832.43	716.42	721.82	441.81	459.29
Gain (Loss) on Sale of Investments	-92.84	-78.75	-69.87	-131.62	-27.38	232.02
Gain (Loss) on Sale of Assets	4.57	4.37	0.1	-0.08	-2.93	-0.89
Asset Writedown	-9.63	-5.63	-2.34	0.75	-22.34	-11.88
Other Unusual Items	17.77	14.03	9.59	40.51	25.97	34.23
Pretax Income	776.49	766.59	654.27	632.17	415.39	712.77
Income Tax Expense	105.56	108.96	86.04	82.64	58.52	100.9
Earnings From Continuing Operations	670.93	657.63	568.23	549.54	356.88	611.87
Minority Interest in Earnings	-	-	-	0.5	1.38	-0.52
Net Income	670.93	657.63	568.23	550.04	358.26	611.34
Net Income to Common	670.93	657.63	568.23	550.04	358.26	611.34
Net Income Growth	9.81%	15.73%	3.31%	53.53%	-41.40%	2.22%
Shares Outstanding (Basic)	745	747	748	743	746	746
Shares Outstanding (Diluted)	745	747	748	743	746	746
Shares Change (YoY)	-1.27%	-0.05%	0.59%	-0.41%	0.11%	-0.28%
EPS (Basic)	0.90	0.88	0.76	0.74	0.48	0.82
EPS (Diluted)	0.90	0.88	0.76	0.74	0.48	0.82
EPS Growth	11.23%	15.79%	2.70%	54.17%	-41.46%	2.50%
Free Cash Flow	54.19	173.81	981.19	695.86	313.52	1,130
Free Cash Flow Per Share	0.07	0.23	1.31	0.94	0.42	1.52
Dividend Per Share	0.440	0.440	0.400	0.400	0.330	0.330
Dividend Growth	10.00%	10.00%	-	21.21%	-	-
Gross Margin	27.27%	27.75%	28.07%	26.82%	23.10%	27.73%
Operating Margin	9.81%	10.04%	11.16%	9.10%	6.24%	7.94%
Profit Margin	8.76%	8.96%	9.31%	8.30%	4.76%	9.75%
Free Cash Flow Margin	0.71%	2.37%	16.07%	10.50%	4.17%	18.02%
EBITDA	-	866.89	819.89	751.88	620.48	661.91
EBITDA Margin	-	11.81%	13.43%	11.34%	8.24%	10.56%
D&A For EBITDA	-	130.07	138.71	148.55	150.5	164.36
EBIT	751.54	736.82	681.19	603.33	469.98	497.55
EBIT Margin	9.81%	10.04%	11.16%	9.10%	6.24%	7.94%
Effective Tax Rate	13.59%	14.21%	13.15%	13.07%	14.09%	14.16%
Revenue as Reported	7,657	7,342	6,104	6,628	7,527	6,270
Advertising Expenses	-	64.64	73.58	46.98	44.67	40.41

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