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

SHE:300699 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,443	2,508	2,502	2,587	2,102
Other Revenue	7.18	9.95	8.7	20.09	13.32
Revenue	2,450	2,518	2,511	2,607	2,116
Revenue Growth (YoY)	-2.69%	0.26%	-3.69%	23.25%	23.36%
Cost of Revenue	1,392	1,356	1,323	1,475	1,122
Gross Profit	1,058	1,162	1,188	1,132	993.27
Selling, General & Admin	149.99	152.63	145.54	106.79	105.42
Research & Development	161.75	163.39	177.15	212.74	231.07
Other Operating Expenses	22.96	-0.29	-42.08	-28.8	14.18
Operating Expenses	324.43	366.37	301.21	281.84	343.91
Operating Income	733.88	795.23	886.57	849.97	649.36
Interest Expense	-23	-9.61	-5.94	-5.22	-11.86
Interest & Investment Income	20.42	18.16	17.65	4.9	4.59
Earnings From Equity Investments	0.08	-	-	1.6	5.53
Currency Exchange Gain (Loss)	6.2	19.06	91.94	-7.81	-7
Other Non Operating Income (Expenses)	-0.79	4.18	-8.7	-0.85	-5.28
EBT Excluding Unusual Items	736.79	827.04	981.52	842.59	635.34
Merger & Restructuring Charges	-	-10.52	-7.75	-	-
Gain (Loss) on Sale of Investments	1.94	10.19	8.11	9.35	17.1
Gain (Loss) on Sale of Assets	1.22	-	0.24	2.37	0.49
Asset Writedown	-0.01	-13.34	-0.87	-1.38	-2.56
Other Unusual Items	73.77	179.53	62.74	-1.38	74.52
Pretax Income	813.71	992.88	1,044	851.56	724.9
Income Tax Expense	127.57	151.97	137.82	95.37	84.17
Earnings From Continuing Operations	686.14	840.91	906.15	756.19	640.74
Minority Interest in Earnings	55.05	32.25	28.1	2.2	0.97
Net Income	741.18	873.17	934.25	758.38	641.71
Net Income to Common	741.18	873.17	934.25	758.38	641.71
Net Income Growth	-15.12%	-6.54%	23.19%	18.18%	22.98%
Shares Outstanding (Basic)	826	831	829	831	828
Shares Outstanding (Diluted)	826	831	829	831	828
Shares Change (YoY)	-0.57%	0.15%	-0.21%	0.37%	0.18%
EPS (Basic)	0.90	1.05	1.13	0.91	0.78
EPS (Diluted)	0.90	1.05	1.13	0.91	0.78
EPS Growth	-14.63%	-6.68%	23.45%	17.74%	22.76%
Free Cash Flow	23.79	-210.45	-550.53	595.23	374.97
Free Cash Flow Per Share	0.03	-0.25	-0.66	0.72	0.45
Dividend Per Share	0.500	0.500	0.438	0.313	0.313
Dividend Growth	-	14.29%	40.00%	-	-
Gross Margin	43.20%	46.14%	47.30%	43.41%	46.95%
Operating Margin	29.95%	31.59%	35.31%	32.60%	30.70%
Profit Margin	30.25%	34.68%	37.20%	29.09%	30.33%
Free Cash Flow Margin	0.97%	-8.36%	-21.92%	22.83%	17.72%
EBITDA	1,003	990.1	1,061	993.49	743.23
EBITDA Margin	40.94%	39.33%	42.27%	38.10%	35.13%
D&A For EBITDA	269.22	194.86	174.83	143.52	93.88
EBIT	733.88	795.23	886.57	849.97	649.36
EBIT Margin	29.95%	31.59%	35.31%	32.60%	30.70%
Effective Tax Rate	15.68%	15.31%	13.20%	11.20%	11.61%
Revenue as Reported	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.