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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,256	2,172	2,221	2,326	2,253	1,891
Other Revenue	34.4	55.88	66.42	68.86	63.32	50.26
Revenue	2,291	2,228	2,287	2,395	2,316	1,941
Revenue Growth (YoY)	-0.76%	-2.61%	-4.50%	3.40%	19.32%	6.69%
Cost of Revenue	1,577	1,563	1,599	1,717	1,541	1,292
Gross Profit	714.19	664.73	688.62	678.37	775.41	648.67
Selling, General & Admin	443.96	432.55	400.76	380.15	325.06	298.19
Research & Development	220.19	211.14	191.32	180.43	158.05	128.51
Other Operating Expenses	-59.49	-9.02	-9.62	-146.27	5.94	7
Operating Expenses	661.16	681.14	611.98	464.66	506.51	456.6
Operating Income	53.03	-16.41	76.63	213.72	268.9	192.07
Interest Expense	-21.04	-32.28	-27.98	-39.9	-48.68	-55.19
Interest & Investment Income	4.03	13.6	16.8	164.29	27.97	24.52
Currency Exchange Gain (Loss)	0.41	1.23	0.33	1.76	-1.39	-3.05
Other Non Operating Income (Expenses)	-4.04	0.88	-3.61	-4.03	-2.75	-1.97
EBT Excluding Unusual Items	32.4	-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	-	-	-9.37	0.1	0.07	-
Gain (Loss) on Sale of Assets	0.53	0.07	-0.38	-0.09	-0.11	-0.01
Asset Writedown	-0.14	-0.38	-0.53	-8.29	-1.91	-0.1
Other Unusual Items	66.94	114.23	122.48	0.89	140.36	129.5
Pretax Income	92.9	74.14	157.83	328.45	382.46	285.76
Income Tax Expense	23.6	20.35	25.03	52.21	57.24	36.08
Earnings From Continuing Operations	69.3	53.79	132.8	276.24	325.22	249.68
Minority Interest in Earnings	14.85	22.89	-2	-0.04	-62.03	-44.15
Net Income	84.15	76.68	130.8	276.2	263.19	205.53
Net Income to Common	84.15	76.68	130.8	276.2	263.19	205.53
Net Income Growth	-25.19%	-41.38%	-52.64%	4.94%	28.05%	-
Shares Outstanding (Basic)	336	333	327	325	303	294
Shares Outstanding (Diluted)	336	333	327	325	303	294
Shares Change (YoY)	4.49%	1.95%	0.64%	7.41%	3.03%	-0.97%
EPS (Basic)	0.25	0.23	0.40	0.85	0.87	0.70
EPS (Diluted)	0.25	0.23	0.40	0.85	0.87	0.70
EPS Growth	-28.40%	-42.50%	-52.94%	-2.30%	24.29%	-
Free Cash Flow	-15.31	-70.2	-134.23	-100.71	-30.31	209.31
Free Cash Flow Per Share	-0.05	-0.21	-0.41	-0.31	-0.10	0.71
Dividend Per Share	0.040	0.070	0.100	0.120	0.080	0.060
Dividend Growth	-69.23%	-30.00%	-16.67%	50.00%	33.33%	172.73%
Gross Margin	31.18%	29.84%	30.11%	28.32%	33.48%	33.42%
Operating Margin	2.31%	-0.74%	3.35%	8.92%	11.61%	9.89%
Profit Margin	3.67%	3.44%	5.72%	11.53%	11.36%	10.59%
Free Cash Flow Margin	-0.67%	-3.15%	-5.87%	-4.21%	-1.31%	10.78%
EBITDA	238.82	161.56	241.83	408.16	443.45	332.2
EBITDA Margin	10.42%	7.25%	10.57%	17.04%	19.15%	17.11%
D&A For EBITDA	185.78	177.97	165.2	194.44	174.56	140.13
EBIT	53.03	-16.41	76.63	213.72	268.9	192.07
EBIT Margin	2.31%	-0.74%	3.35%	8.92%	11.61%	9.89%
Effective Tax Rate	25.40%	27.45%	15.86%	15.90%	14.97%	12.63%
Revenue as Reported	1,697	2,228	2,287	2,395	2,316	1,941
Advertising Expenses	-	11.52	12.47	7.29	6.77	4.87

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