Weihai Guangwei Composites Co., Ltd. (SHE:300699)

SHE:300699 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	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,527	2,443	2,508	2,502	2,587	2,102
Other Revenue	7.18	7.18	9.95	8.7	20.09	13.32
Revenue	2,534	2,450	2,518	2,511	2,607	2,116
Revenue Growth (YoY)	-5.21%	-2.69%	0.26%	-3.69%	23.25%	23.36%
Cost of Revenue	1,547	1,392	1,356	1,323	1,475	1,122
Gross Profit	986.59	1,058	1,162	1,188	1,132	993.27
Selling, General & Admin	147.77	149.99	152.63	145.54	106.79	105.42
Research & Development	242.94	161.75	163.39	177.15	212.74	231.07
Other Operating Expenses	46.83	22.96	-0.29	-42.08	-28.8	14.18
Operating Expenses	433.86	324.43	366.37	301.21	281.84	343.91
Operating Income	552.73	733.88	795.23	886.57	849.97	649.36
Interest Expense	-37.71	-23	-9.61	-5.94	-5.22	-11.86
Interest & Investment Income	29.77	20.42	18.16	17.65	4.9	4.59
Earnings From Equity Investments	-0.09	0.08	-	-	1.6	5.53
Currency Exchange Gain (Loss)	6.2	6.2	19.06	91.94	-7.81	-7
Other Non Operating Income (Expenses)	-7.94	-0.79	4.18	-8.7	-0.85	-5.28
EBT Excluding Unusual Items	542.97	736.79	827.04	981.52	842.59	635.34
Merger & Restructuring Charges	-	-	-10.52	-7.75	-	-
Gain (Loss) on Sale of Investments	0.86	1.94	10.19	8.11	9.35	17.1
Gain (Loss) on Sale of Assets	0.15	1.22	-	0.24	2.37	0.49
Asset Writedown	-1.83	-0.01	-13.34	-0.87	-1.38	-2.56
Other Unusual Items	73.77	73.77	179.53	62.74	-1.38	74.52
Pretax Income	615.91	813.71	992.88	1,044	851.56	724.9
Income Tax Expense	99.47	127.57	151.97	137.82	95.37	84.17
Earnings From Continuing Operations	516.44	686.14	840.91	906.15	756.19	640.74
Minority Interest in Earnings	24.57	55.05	32.25	28.1	2.2	0.97
Net Income	541	741.18	873.17	934.25	758.38	641.71
Net Income to Common	541	741.18	873.17	934.25	758.38	641.71
Net Income Growth	-37.60%	-15.12%	-6.54%	23.19%	18.18%	22.98%
Shares Outstanding (Basic)	830	826	831	829	831	828
Shares Outstanding (Diluted)	830	826	831	829	831	828
Shares Change (YoY)	0.28%	-0.57%	0.15%	-0.21%	0.37%	0.18%
EPS (Basic)	0.65	0.90	1.05	1.13	0.91	0.78
EPS (Diluted)	0.65	0.90	1.05	1.13	0.91	0.78
EPS Growth	-37.77%	-14.63%	-6.68%	23.45%	17.74%	22.76%
Free Cash Flow	366	23.79	-210.45	-550.53	595.23	374.97
Free Cash Flow Per Share	0.44	0.03	-0.25	-0.66	0.72	0.45
Dividend Per Share	0.500	0.500	0.500	0.438	0.313	0.313
Dividend Growth	-	-	14.29%	40.00%	-	-
Gross Margin	38.94%	43.20%	46.14%	47.30%	43.41%	46.95%
Operating Margin	21.82%	29.95%	31.59%	35.31%	32.60%	30.70%
Profit Margin	21.35%	30.25%	34.68%	37.20%	29.09%	30.33%
Free Cash Flow Margin	14.45%	0.97%	-8.36%	-21.92%	22.83%	17.72%
EBITDA	877.71	1,003	990.1	1,061	993.49	743.23
EBITDA Margin	34.64%	40.94%	39.33%	42.27%	38.10%	35.13%
D&A For EBITDA	324.98	269.22	194.86	174.83	143.52	93.88
EBIT	552.73	733.88	795.23	886.57	849.97	649.36
EBIT Margin	21.82%	29.95%	31.59%	35.31%	32.60%	30.70%
Effective Tax Rate	16.15%	15.68%	15.31%	13.20%	11.20%	11.61%
Revenue as Reported	2,534	2,450	2,518	2,511	2,607	2,116
Advertising Expenses	-	4.49	2.57	4	1.82	3.82

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