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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,485	2,443	2,508	2,502	2,587	2,102
Other Revenue	10.09	7.18	9.95	8.7	20.09	13.32
Revenue	2,495	2,450	2,518	2,511	2,607	2,116
Revenue Growth (YoY)	1.82%	-2.69%	0.26%	-3.69%	23.25%	23.36%
Cost of Revenue	1,446	1,392	1,356	1,323	1,475	1,122
Gross Profit	1,048	1,058	1,162	1,188	1,132	993.27
Selling, General & Admin	155.54	149.99	152.63	145.54	106.79	105.42
Research & Development	191.3	161.75	163.39	177.15	212.74	231.07
Other Operating Expenses	78.06	22.96	-0.29	-42.08	-28.8	14.18
Operating Expenses	428.63	324.43	366.37	301.21	281.84	343.91
Operating Income	619.79	733.88	795.23	886.57	849.97	649.36
Interest Expense	-31.99	-23	-9.61	-5.94	-5.22	-11.86
Interest & Investment Income	26.46	20.42	18.16	17.65	4.9	4.59
Earnings From Equity Investments	-0.02	0.08	-	-	1.6	5.53
Currency Exchange Gain (Loss)	1.28	6.2	19.06	91.94	-7.81	-7
Other Non Operating Income (Expenses)	-1.78	-0.79	4.18	-8.7	-0.85	-5.28
EBT Excluding Unusual Items	613.74	736.79	827.04	981.52	842.59	635.34
Merger & Restructuring Charges	-	-	-10.52	-7.75	-	-
Gain (Loss) on Sale of Investments	0.99	1.94	10.19	8.11	9.35	17.1
Gain (Loss) on Sale of Assets	0.04	1.22	-	0.24	2.37	0.49
Asset Writedown	-0.01	-0.01	-13.34	-0.87	-1.38	-2.56
Other Unusual Items	102.95	73.77	179.53	62.74	-1.38	74.52
Pretax Income	717.71	813.71	992.88	1,044	851.56	724.9
Income Tax Expense	114.76	127.57	151.97	137.82	95.37	84.17
Earnings From Continuing Operations	602.95	686.14	840.91	906.15	756.19	640.74
Minority Interest in Earnings	39.33	55.05	32.25	28.1	2.2	0.97
Net Income	642.28	741.18	873.17	934.25	758.38	641.71
Net Income to Common	642.28	741.18	873.17	934.25	758.38	641.71
Net Income Growth	-22.45%	-15.12%	-6.54%	23.19%	18.18%	22.98%
Shares Outstanding (Basic)	828	826	831	829	831	828
Shares Outstanding (Diluted)	828	826	831	829	831	828
Shares Change (YoY)	-0.10%	-0.57%	0.15%	-0.21%	0.37%	0.18%
EPS (Basic)	0.78	0.90	1.05	1.13	0.91	0.78
EPS (Diluted)	0.78	0.90	1.05	1.13	0.91	0.78
EPS Growth	-22.38%	-14.63%	-6.68%	23.45%	17.74%	22.76%
Free Cash Flow	64.44	23.79	-210.45	-550.53	595.23	374.97
Free Cash Flow Per Share	0.08	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	42.03%	43.20%	46.14%	47.30%	43.41%	46.95%
Operating Margin	24.84%	29.95%	31.59%	35.31%	32.60%	30.70%
Profit Margin	25.75%	30.25%	34.68%	37.20%	29.09%	30.33%
Free Cash Flow Margin	2.58%	0.97%	-8.36%	-21.92%	22.83%	17.72%
EBITDA	943.68	1,003	990.1	1,061	993.49	743.23
EBITDA Margin	37.83%	40.94%	39.33%	42.27%	38.10%	35.13%
D&A For EBITDA	323.89	269.22	194.86	174.83	143.52	93.88
EBIT	619.79	733.88	795.23	886.57	849.97	649.36
EBIT Margin	24.84%	29.95%	31.59%	35.31%	32.60%	30.70%
Effective Tax Rate	15.99%	15.68%	15.31%	13.20%	11.20%	11.61%
Revenue as Reported	2,495	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.