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	Jun 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,440	2,508	2,502	2,587	2,102	1,699
Other Revenue	10.02	9.95	8.7	20.09	13.32	16.32
Revenue	2,450	2,518	2,511	2,607	2,116	1,715
Revenue Growth (YoY)	1.23%	0.26%	-3.69%	23.25%	23.36%	25.77%
Cost of Revenue	1,314	1,317	1,298	1,475	1,122	927.47
Gross Profit	1,136	1,200	1,213	1,132	993.27	787.48
Selling, General & Admin	149.47	152.63	145.54	106.79	105.42	124.18
Research & Development	173.88	163.39	177.15	212.74	231.07	160.77
Other Operating Expenses	37.27	-0.29	-42.08	-28.8	14.18	-31.05
Operating Expenses	343.31	315.73	280.61	281.84	343.91	252.13
Operating Income	792.74	884.7	932.09	849.97	649.36	535.36
Interest Expense	-14.5	-9.61	-5.94	-5.22	-11.86	-11.69
Interest & Investment Income	18.86	18.16	17.65	4.9	4.59	4.61
Earnings From Equity Investments	0.12	-	-	1.6	5.53	-6.54
Currency Exchange Gain (Loss)	3.93	19.06	91.94	-7.81	-7	2.49
Other Non Operating Income (Expenses)	-4.24	-0.47	-4.83	-0.85	-5.28	-2.55
EBT Excluding Unusual Items	796.92	911.84	1,031	842.59	635.34	521.67
Merger & Restructuring Charges	-5.26	-10.52	-7.75	-	-	-
Gain (Loss) on Sale of Investments	5.34	10.19	8.11	9.35	17.1	23.02
Gain (Loss) on Sale of Assets	1.31	-	0.24	2.37	0.49	-0.04
Asset Writedown	-96.94	-97.1	-54.14	-1.38	-2.56	-20.34
Other Unusual Items	228.04	178.48	66.62	-1.38	74.52	83.93
Pretax Income	929.42	992.88	1,044	851.56	724.9	608.25
Income Tax Expense	135.89	151.97	137.82	95.37	84.17	86.46
Earnings From Continuing Operations	793.52	840.91	906.15	756.19	640.74	521.79
Minority Interest in Earnings	34.7	32.25	28.1	2.2	0.97	0
Net Income	828.22	873.17	934.25	758.38	641.71	521.79
Net Income to Common	828.22	873.17	934.25	758.38	641.71	521.79
Net Income Growth	-1.63%	-6.54%	23.19%	18.18%	22.98%	38.56%
Shares Outstanding (Basic)	829	831	829	831	828	827
Shares Outstanding (Diluted)	829	831	829	831	828	827
Shares Change (YoY)	-0.06%	0.15%	-0.21%	0.37%	0.18%	0.15%
EPS (Basic)	1.00	1.05	1.13	0.91	0.78	0.63
EPS (Diluted)	1.00	1.05	1.13	0.91	0.78	0.63
EPS Growth	-1.57%	-6.68%	23.45%	17.74%	22.76%	38.35%
Free Cash Flow	-355.45	-210.45	-550.53	595.23	374.97	387.43
Free Cash Flow Per Share	-0.43	-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	46.37%	47.68%	48.29%	43.41%	46.95%	45.92%
Operating Margin	32.36%	35.14%	37.12%	32.60%	30.69%	31.22%
Profit Margin	33.80%	34.68%	37.20%	29.09%	30.33%	30.43%
Free Cash Flow Margin	-14.51%	-8.36%	-21.92%	22.83%	17.72%	22.59%
EBITDA	1,010	1,079	1,107	993.49	743.23	614.09
EBITDA Margin	41.23%	42.85%	44.08%	38.10%	35.13%	35.81%
D&A For EBITDA	217.37	194.23	174.83	143.52	93.88	78.73
EBIT	792.74	884.7	932.09	849.97	649.36	535.36
EBIT Margin	32.36%	35.14%	37.12%	32.60%	30.69%	31.22%
Effective Tax Rate	14.62%	15.31%	13.20%	11.20%	11.61%	14.21%
Revenue as Reported	2,450	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.