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

Weihai Guangwei Composites Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,663	2,508	2,502	2,587	2,102	1,699
Other Revenue	9.95	9.95	8.7	20.09	13.32	16.32
Revenue	2,673	2,518	2,511	2,607	2,116	1,715
Revenue Growth (YoY)	15.33%	0.26%	-3.69%	23.25%	23.36%	25.77%
Cost of Revenue	1,387	1,317	1,298	1,475	1,122	927.47
Gross Profit	1,286	1,200	1,213	1,132	993.27	787.48
Selling, General & Admin	146.03	152.63	145.54	106.79	105.42	124.18
Research & Development	143.45	163.39	177.15	212.74	231.07	160.77
Other Operating Expenses	75.98	-0.29	-42.08	-28.8	14.18	-31.05
Operating Expenses	357.26	315.73	280.61	281.84	343.91	252.13
Operating Income	929.23	884.7	932.09	849.97	649.36	535.36
Interest Expense	-16.29	-9.61	-5.94	-5.22	-11.86	-11.69
Interest & Investment Income	3.49	18.16	17.65	4.9	4.59	4.61
Earnings From Equity Investments	0.17	-	-	1.6	5.53	-6.54
Currency Exchange Gain (Loss)	19.06	19.06	91.94	-7.81	-7	2.49
Other Non Operating Income (Expenses)	-11.85	-0.47	-4.83	-0.85	-5.28	-2.55
EBT Excluding Unusual Items	923.82	911.84	1,031	842.59	635.34	521.67
Merger & Restructuring Charges	-10.52	-10.52	-7.75	-	-	-
Gain (Loss) on Sale of Investments	3.29	10.19	8.11	9.35	17.1	23.02
Gain (Loss) on Sale of Assets	1.17	-	0.24	2.37	0.49	-0.04
Asset Writedown	-127.6	-97.1	-54.14	-1.38	-2.56	-20.34
Other Unusual Items	178.48	178.48	66.62	-1.38	74.52	83.93
Pretax Income	968.63	992.88	1,044	851.56	724.9	608.25
Income Tax Expense	145.76	151.97	137.82	95.37	84.17	86.46
Earnings From Continuing Operations	822.87	840.91	906.15	756.19	640.74	521.79
Minority Interest in Earnings	44.08	32.25	28.1	2.2	0.97	0
Net Income	866.95	873.17	934.25	758.38	641.71	521.79
Net Income to Common	866.95	873.17	934.25	758.38	641.71	521.79
Net Income Growth	7.66%	-6.54%	23.19%	18.18%	22.98%	38.56%
Shares Outstanding (Basic)	827	831	829	831	828	827
Shares Outstanding (Diluted)	827	831	829	831	828	827
Shares Change (YoY)	-0.31%	0.15%	-0.21%	0.37%	0.18%	0.15%
EPS (Basic)	1.05	1.05	1.13	0.91	0.78	0.63
EPS (Diluted)	1.05	1.05	1.13	0.91	0.78	0.63
EPS Growth	8.00%	-6.68%	23.45%	17.74%	22.76%	38.35%
Free Cash Flow	-444.59	-210.45	-550.53	595.23	374.97	387.43
Free Cash Flow Per Share	-0.54	-0.25	-0.66	0.72	0.45	0.47
Dividend Per Share	0.500	0.500	0.438	0.313	0.313	0.313
Dividend Growth	14.29%	14.29%	40.00%	0%	0%	40.01%
Gross Margin	48.13%	47.68%	48.29%	43.41%	46.95%	45.92%
Operating Margin	34.76%	35.14%	37.12%	32.60%	30.69%	31.22%
Profit Margin	32.43%	34.68%	37.20%	29.09%	30.33%	30.43%
Free Cash Flow Margin	-16.63%	-8.36%	-21.92%	22.83%	17.72%	22.59%
EBITDA	1,138	1,079	1,107	993.49	743.23	614.09
EBITDA Margin	42.57%	42.85%	44.08%	38.10%	35.13%	35.81%
D&A For EBITDA	208.78	194.23	174.83	143.52	93.88	78.73
EBIT	929.23	884.7	932.09	849.97	649.36	535.36
EBIT Margin	34.76%	35.14%	37.12%	32.60%	30.69%	31.22%
Effective Tax Rate	15.05%	15.31%	13.20%	11.20%	11.61%	14.21%
Revenue as Reported	2,673	2,518	2,511	2,607	2,116	1,715
Advertising Expenses	-	2.57	4	1.82	3.82	2.61

Source: S&P Capital IQ. Standard template. Financial Sources.