Shanghai Weihong Electronic Technology Co., Ltd. (SHE:300508)

SHE:300508 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	474.59	465.21	440.96	386.82	412.68	208.14
Other Revenue	0.48	0.48	0.3	0.7	0.8	1.1
Revenue	475.07	465.69	441.26	387.52	413.49	209.24
Revenue Growth (YoY)	6.45%	5.53%	13.87%	-6.28%	97.61%	9.35%
Cost of Revenue	201.66	191.23	179.73	174.05	195.31	77.7
Gross Profit	273.42	274.46	261.53	213.47	218.17	131.54
Selling, General & Admin	104.98	102.08	97.74	64.13	73.5	52.85
Research & Development	114	113.53	125.71	109.09	95.91	62.89
Other Operating Expenses	-7.86	-6.65	-9.04	-15.1	-7.45	-4.92
Operating Expenses	212.16	209.13	213.74	159.34	162.51	108.76
Operating Income	61.26	65.33	47.79	54.13	55.67	22.78
Interest Expense	-0.79	-0.52	-0.58	-0.49	-0.32	-1.35
Interest & Investment Income	6.71	6.31	1.48	4.05	9.44	15.42
Currency Exchange Gain (Loss)	0.1	0.1	0.06	0.74	-0.17	-0.34
Other Non Operating Income (Expenses)	-0.02	-0.03	-0.02	-0.02	0.5	-0.25
EBT Excluding Unusual Items	67.26	71.18	48.72	58.41	65.11	36.27
Impairment of Goodwill	-	-	-7.6	-	-	-
Gain (Loss) on Sale of Investments	0.7	7.12	-4.52	-7.55	-0.85	-7.76
Gain (Loss) on Sale of Assets	13.01	6.5	0.03	0.04	-0.1	-
Asset Writedown	-0.34	-	-	-	-	-
Other Unusual Items	12.75	10.56	3.12	-0.06	-	6.2
Pretax Income	93.39	95.36	39.75	50.84	64.16	34.71
Income Tax Expense	0.31	0.08	0.52	1.83	5.46	5.63
Earnings From Continuing Operations	93.08	95.28	39.23	49.01	58.7	29.08
Minority Interest in Earnings	0.02	0.14	0.3	1.59	0.41	-
Net Income	93.1	95.42	39.53	50.6	59.11	29.08
Net Income to Common	93.1	95.42	39.53	50.6	59.11	29.08
Net Income Growth	186.96%	141.38%	-21.87%	-14.39%	103.25%	-55.85%
Shares Outstanding (Basic)	110	109	109	109	109	109
Shares Outstanding (Diluted)	110	109	109	109	109	109
Shares Change (YoY)	0.45%	0.21%	0.12%	0.01%	0.01%	-0.00%
EPS (Basic)	0.85	0.87	0.36	0.46	0.54	0.27
EPS (Diluted)	0.85	0.87	0.36	0.46	0.54	0.27
EPS Growth	185.66%	140.87%	-21.97%	-14.40%	103.23%	-55.85%
Free Cash Flow	87.23	66.98	61.29	-9.04	-27.03	-49.18
Free Cash Flow Per Share	0.80	0.61	0.56	-0.08	-0.25	-0.45
Dividend Per Share	0.188	0.188	0.080	0.088	0.124	0.028
Dividend Growth	135.00%	135.00%	-9.09%	-29.15%	338.87%	-46.10%
Gross Margin	57.55%	58.94%	59.27%	55.08%	52.76%	62.87%
Operating Margin	12.89%	14.03%	10.83%	13.97%	13.46%	10.89%
Profit Margin	19.60%	20.49%	8.96%	13.06%	14.29%	13.90%
Free Cash Flow Margin	18.36%	14.38%	13.89%	-2.33%	-6.54%	-23.50%
EBITDA	84.23	87.27	65.57	61.51	63.32	29.87
EBITDA Margin	17.73%	18.74%	14.86%	15.87%	15.31%	14.27%
D&A For EBITDA	22.98	21.94	17.78	7.38	7.65	7.08
EBIT	61.26	65.33	47.79	54.13	55.67	22.78
EBIT Margin	12.89%	14.03%	10.83%	13.97%	13.46%	10.89%
Effective Tax Rate	0.33%	0.09%	1.32%	3.60%	8.51%	16.21%
Revenue as Reported	475.07	465.69	441.26	387.52	413.49	209.24
Advertising Expenses	-	2.61	3.17	-	-	-

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