Wangsu Science & Technology Co.,Ltd. (SHE:300017)

SHE:300017 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	4,942	4,891	4,671	5,056	4,552	5,672
Other Revenue	40.33	40.84	34.55	27.77	22.65	14.59
Revenue	4,982	4,932	4,705	5,084	4,575	5,687
Revenue Growth (YoY)	6.48%	4.81%	-7.45%	11.13%	-19.55%	-5.34%
Cost of Revenue	3,378	3,384	3,199	3,753	3,418	4,248
Gross Profit	1,604	1,548	1,507	1,331	1,157	1,439
Selling, General & Admin	711.78	707	690.28	658.58	696.75	647.38
Research & Development	413.73	454	481.78	504.4	543.19	586.98
Other Operating Expenses	5.74	4.89	14.06	13.57	13	12.15
Operating Expenses	1,127	1,155	1,161	1,189	1,255	1,274
Operating Income	477.3	392.44	345.93	141.78	-98.29	164.8
Interest Expense	-14.14	-7.29	-7.63	-16.45	-14.13	-0.89
Interest & Investment Income	230.9	213.05	253.47	60.05	154.85	137.43
Currency Exchange Gain (Loss)	16.36	42.46	26.9	34.25	-9.27	-107.93
Other Non Operating Income (Expenses)	-12	-13.71	-1.32	-2.54	-3.09	-3.49
EBT Excluding Unusual Items	698.41	626.95	617.35	217.08	30.06	189.93
Gain (Loss) on Sale of Investments	67.74	38.31	-4.16	-18.53	102.76	25.08
Gain (Loss) on Sale of Assets	18.35	24.35	3.14	7.86	7.6	4.67
Asset Writedown	-8.27	-7.48	-43.66	-37.55	-48.23	-75.5
Other Unusual Items	27.28	44.59	78.77	25.21	45.54	74.16
Pretax Income	803.52	726.73	651.43	194.07	137.74	218.33
Income Tax Expense	65.19	55.55	44.99	9.94	-25.95	-1.17
Earnings From Continuing Operations	738.32	671.17	606.44	184.13	163.69	219.5
Minority Interest in Earnings	11.49	3.35	6.66	6.46	1.55	0.5
Net Income	749.82	674.52	613.1	190.59	165.24	220
Net Income to Common	749.82	674.52	613.1	190.59	165.24	220
Net Income Growth	14.98%	10.02%	221.68%	15.34%	-24.89%	537.99%
Shares Outstanding (Basic)	2,420	2,409	2,452	2,382	2,361	2,444
Shares Outstanding (Diluted)	2,505	2,498	2,452	2,382	2,361	2,444
Shares Change (YoY)	1.70%	1.87%	2.94%	0.92%	-3.43%	-29.11%
EPS (Basic)	0.31	0.28	0.25	0.08	0.07	0.09
EPS (Diluted)	0.30	0.27	0.25	0.08	0.07	0.09
EPS Growth	13.05%	8.00%	212.50%	14.29%	-22.22%	800.00%
Free Cash Flow	872.41	731.31	705.04	743.01	580.69	382.7
Free Cash Flow Per Share	0.35	0.29	0.29	0.31	0.25	0.16
Dividend Per Share	0.250	0.250	0.250	0.050	0.030	0.010
Dividend Growth	-	-	400.00%	66.67%	200.00%	-66.67%
Gross Margin	32.20%	31.38%	32.02%	26.18%	25.29%	25.31%
Operating Margin	9.58%	7.96%	7.35%	2.79%	-2.15%	2.90%
Profit Margin	15.05%	13.68%	13.03%	3.75%	3.61%	3.87%
Free Cash Flow Margin	17.51%	14.83%	14.98%	14.61%	12.69%	6.73%
EBITDA	662.84	616.74	670.35	538.19	387.16	705.08
EBITDA Margin	13.30%	12.50%	14.25%	10.59%	8.46%	12.40%
D&A For EBITDA	185.54	224.3	324.42	396.41	485.45	540.28
EBIT	477.3	392.44	345.93	141.78	-98.29	164.8
EBIT Margin	9.58%	7.96%	7.35%	2.79%	-2.15%	2.90%
Effective Tax Rate	8.11%	7.64%	6.91%	5.12%	-	-
Revenue as Reported	4,982	4,932	4,705	5,084	4,575	5,687
Advertising Expenses	-	10.09	10.91	8.17	9.95	11.94

Source: S&P Global Market Intelligence. Standard template. Financial Sources.