Hanwei Electronics Group Corporation (SHE:300007)

Hanwei Electronics Group 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	2,181	2,172	2,221	2,326	2,253	1,891
Other Revenue	55.88	55.88	66.42	68.86	63.32	50.26
Revenue	2,237	2,228	2,287	2,395	2,316	1,941
Revenue Growth (YoY)	-2.59%	-2.61%	-4.50%	3.40%	19.32%	6.69%
Cost of Revenue	1,567	1,563	1,599	1,717	1,541	1,292
Gross Profit	669.6	664.73	688.62	678.37	775.41	648.67
Selling, General & Admin	440.35	432.55	400.76	380.15	325.06	298.19
Research & Development	208.57	211.14	191.32	180.43	158.05	128.51
Other Operating Expenses	-7.68	-9.02	-9.62	-146.27	5.94	7
Operating Expenses	682.22	681.14	611.98	464.66	506.51	456.6
Operating Income	-12.62	-16.41	76.63	213.72	268.9	192.07
Interest Expense	-30.61	-32.28	-27.98	-39.9	-48.68	-55.19
Interest & Investment Income	12.28	13.6	16.8	164.29	27.97	24.52
Currency Exchange Gain (Loss)	1.23	1.23	0.33	1.76	-1.39	-3.05
Other Non Operating Income (Expenses)	0.88	0.88	-3.61	-4.03	-2.75	-1.97
EBT Excluding Unusual Items	-28.84	-32.97	62.17	335.84	244.05	156.38
Impairment of Goodwill	-6.82	-6.82	-16.55	-	-	-
Gain (Loss) on Sale of Investments	0	-	-9.37	0.1	0.07	-
Gain (Loss) on Sale of Assets	0.06	0.07	-0.38	-0.09	-0.11	-0.01
Asset Writedown	1.34	-0.38	-0.53	-8.29	-1.91	-0.1
Other Unusual Items	114.42	114.23	122.48	0.89	140.36	129.5
Pretax Income	80.16	74.14	157.83	328.45	382.46	285.76
Income Tax Expense	20.2	20.35	25.03	52.21	57.24	36.08
Earnings From Continuing Operations	59.96	53.79	132.8	276.24	325.22	249.68
Minority Interest in Earnings	19.17	22.89	-2	-0.04	-62.03	-44.15
Net Income	79.13	76.68	130.8	276.2	263.19	205.53
Net Income to Common	79.13	76.68	130.8	276.2	263.19	205.53
Net Income Growth	-39.69%	-41.38%	-52.64%	4.94%	28.05%	-
Shares Outstanding (Basic)	328	333	327	325	303	294
Shares Outstanding (Diluted)	328	333	327	325	303	294
Shares Change (YoY)	-0.61%	1.95%	0.64%	7.41%	3.03%	-0.97%
EPS (Basic)	0.24	0.23	0.40	0.85	0.87	0.70
EPS (Diluted)	0.24	0.23	0.40	0.85	0.87	0.70
EPS Growth	-39.32%	-42.50%	-52.94%	-2.30%	24.29%	-
Free Cash Flow	62.53	-70.2	-134.23	-100.71	-30.31	209.31
Free Cash Flow Per Share	0.19	-0.21	-0.41	-0.31	-0.10	0.71
Dividend Per Share	0.070	0.070	0.100	0.120	0.080	0.060
Dividend Growth	-30.00%	-30.00%	-16.67%	50.00%	33.33%	172.73%
Gross Margin	29.94%	29.84%	30.11%	28.32%	33.48%	33.42%
Operating Margin	-0.56%	-0.74%	3.35%	8.92%	11.61%	9.89%
Profit Margin	3.54%	3.44%	5.72%	11.53%	11.36%	10.59%
Free Cash Flow Margin	2.80%	-3.15%	-5.87%	-4.21%	-1.31%	10.78%
EBITDA	168.54	161.56	241.83	408.16	443.45	332.2
EBITDA Margin	7.54%	7.25%	10.57%	17.04%	19.15%	17.11%
D&A For EBITDA	181.16	177.97	165.2	194.44	174.56	140.13
EBIT	-12.62	-16.41	76.63	213.72	268.9	192.07
EBIT Margin	-0.56%	-0.74%	3.35%	8.92%	11.61%	9.89%
Effective Tax Rate	25.20%	27.45%	15.86%	15.90%	14.97%	12.63%
Revenue as Reported	2,237	2,228	2,287	2,395	2,316	1,941
Advertising Expenses	-	11.52	12.47	7.29	6.77	4.87

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.