Shenzhen WOTE Advanced Materials Co.,Ltd (SHE:002886)

SHE:002886 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,902	1,775	1,320	1,262	1,356	1,153
Other Revenue	121.72	121.72	216.17	227.95	183.23	-
Revenue	2,024	1,897	1,537	1,490	1,540	1,153
Revenue Growth (YoY)	17.89%	23.45%	3.11%	-3.21%	33.55%	28.07%
Cost of Revenue	1,691	1,567	1,256	1,267	1,306	939.22
Gross Profit	332.74	330.05	280.45	222.71	233.23	213.6
Selling, General & Admin	144.11	142.23	129.99	114.61	91.09	72.42
Research & Development	127.61	115.64	98.45	75.55	75.14	55.75
Other Operating Expenses	15.25	12.48	4.52	6.02	-23.83	4.37
Operating Expenses	289.65	275.94	238.06	198.17	145.28	135.26
Operating Income	43.09	54.1	42.39	24.54	87.95	78.34
Interest Expense	-32.8	-40.1	-38.38	-30.29	-17.03	-13.06
Interest & Investment Income	14.49	10.63	3.16	2.5	3.46	2.84
Currency Exchange Gain (Loss)	1.67	1.67	0.65	6.79	-1.76	-2.68
Other Non Operating Income (Expenses)	-9.48	-0.95	-0.74	-0.56	-1.01	-0.91
EBT Excluding Unusual Items	16.96	25.35	7.09	2.98	71.61	64.53
Impairment of Goodwill	-0.21	-0.21	-0.19	-0.07	-	-
Gain (Loss) on Sale of Investments	0.5	0.5	0.19	-0.67	-	-
Gain (Loss) on Sale of Assets	0.22	0.01	0.66	0.81	0.08	0.42
Asset Writedown	2.01	-0.04	-0.01	-0.12	-0.03	-
Other Unusual Items	10.72	10.72	6.05	11.27	-0.29	12.32
Pretax Income	30.2	36.34	13.8	14.2	71.37	77.26
Income Tax Expense	-8.93	-2.92	-7.22	-11.79	-0.93	5.44
Earnings From Continuing Operations	39.14	39.26	21.01	25.99	72.3	71.82
Minority Interest in Earnings	2.49	-2.66	-15.12	-11.39	-9.08	-7.08
Net Income	41.63	36.6	5.9	14.61	63.22	64.74
Net Income to Common	41.63	36.6	5.9	14.61	63.22	64.74
Net Income Growth	167.14%	520.69%	-59.63%	-76.89%	-2.36%	36.79%
Shares Outstanding (Basic)	270	261	256	228	227	208
Shares Outstanding (Diluted)	270	261	256	228	227	208
Shares Change (YoY)	-1.39%	1.97%	12.33%	0.72%	8.84%	13.83%
EPS (Basic)	0.15	0.14	0.02	0.06	0.28	0.31
EPS (Diluted)	0.15	0.14	0.02	0.06	0.28	0.31
EPS Growth	170.90%	508.70%	-64.06%	-77.06%	-10.29%	20.17%
Free Cash Flow	8.31	-137.68	-305.59	-323.83	-427.85	-46.83
Free Cash Flow Per Share	0.03	-0.53	-1.19	-1.42	-1.89	-0.23
Dividend Per Share	0.042	0.042	0.007	0.015	0.060	0.059
Dividend Growth	500.00%	500.00%	-53.33%	-75.00%	2.04%	24.84%
Gross Margin	16.44%	17.40%	18.25%	14.95%	15.15%	18.53%
Operating Margin	2.13%	2.85%	2.76%	1.65%	5.71%	6.79%
Profit Margin	2.06%	1.93%	0.38%	0.98%	4.11%	5.62%
Free Cash Flow Margin	0.41%	-7.26%	-19.89%	-21.73%	-27.79%	-4.06%
EBITDA	142.3	143.13	117.84	75.48	124.75	109.45
EBITDA Margin	7.03%	7.55%	7.67%	5.07%	8.10%	9.49%
D&A For EBITDA	99.21	89.03	75.45	50.93	36.8	31.11
EBIT	43.09	54.1	42.39	24.54	87.95	78.34
EBIT Margin	2.13%	2.85%	2.76%	1.65%	5.71%	6.79%
Effective Tax Rate	-	-	-	-	-	7.04%
Revenue as Reported	2,024	1,897	1,537	1,490	1,540	1,153
Advertising Expenses	-	3.28	1.89	1.89	-	0.59

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