GuangZhou Wahlap Technology Corporation Limited (SHE:301011)

SHE:301011 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	989.01	999.05	788.47	577.06	608.49	417.01
Other Revenue	18.42	18.42	27.81	27.7	18.54	7.94
Revenue	1,007	1,017	816.28	604.77	627.02	424.95
Revenue Growth (YoY)	3.50%	24.65%	34.97%	-3.55%	47.55%	-14.70%
Cost of Revenue	733.5	740.88	594.89	472.44	456.11	307.42
Gross Profit	273.94	276.59	221.39	132.33	170.92	117.53
Selling, General & Admin	119.52	111.4	89.75	80.58	68.58	36.77
Research & Development	39.64	31.32	27.34	23.96	17.25	12.21
Other Operating Expenses	7.61	7.51	7.02	2.95	0.24	1.32
Operating Expenses	173.18	165.01	131.73	133.38	95.27	62.56
Operating Income	100.76	111.58	89.66	-1.06	75.65	54.97
Interest Expense	-8.27	-7.53	-9.54	-10.34	-13.87	-7.89
Interest & Investment Income	2.04	3.22	0.85	0.26	0.29	0.07
Currency Exchange Gain (Loss)	-6.11	-6.11	-4.09	-11.95	3.53	5.95
Other Non Operating Income (Expenses)	5.08	1.31	-7.33	-3.53	-6.5	-1.22
EBT Excluding Unusual Items	93.51	102.48	69.55	-26.61	59.1	51.88
Impairment of Goodwill	-	-	-	-45.78	-7.72	-
Gain (Loss) on Sale of Investments	-0.2	-	-0.82	-	-	-
Gain (Loss) on Sale of Assets	-0	-	0.3	0.48	0.01	0.05
Asset Writedown	-1.48	-5.28	-0.12	-0.36	-0.14	-
Other Unusual Items	1.99	1.99	0.21	1.5	6.15	-5.61
Pretax Income	93.81	99.18	69.11	-70.77	57.4	46.32
Income Tax Expense	11.91	14.53	17.16	0.45	4.87	0.26
Earnings From Continuing Operations	81.91	84.65	51.96	-71.22	52.53	46.06
Minority Interest in Earnings	0.02	-	-	-	-	-
Net Income	81.93	84.65	51.96	-71.22	52.53	46.06
Net Income to Common	81.93	84.65	51.96	-71.22	52.53	46.06
Net Income Growth	6.59%	62.93%	-	-	14.06%	-22.94%
Shares Outstanding (Basic)	144	146	148	145	129	110
Shares Outstanding (Diluted)	144	146	148	145	129	110
Shares Change (YoY)	-2.61%	-1.68%	2.14%	12.79%	17.53%	-0.14%
EPS (Basic)	0.57	0.58	0.35	-0.49	0.41	0.42
EPS (Diluted)	0.57	0.58	0.35	-0.49	0.41	0.42
EPS Growth	9.44%	65.71%	-	-	-2.95%	-22.83%
Free Cash Flow	-22.53	123.85	202.76	-56.55	-58.47	-10.99
Free Cash Flow Per Share	-0.16	0.85	1.37	-0.39	-0.45	-0.10
Dividend Per Share	0.200	0.200	0.200	-	0.118	-
Gross Margin	27.19%	27.18%	27.12%	21.88%	27.26%	27.66%
Operating Margin	10.00%	10.97%	10.98%	-0.18%	12.06%	12.94%
Profit Margin	8.13%	8.32%	6.37%	-11.78%	8.38%	10.84%
Free Cash Flow Margin	-2.24%	12.17%	24.84%	-9.35%	-9.32%	-2.59%
EBITDA	148.34	159.58	138.22	45.04	118.59	92.4
EBITDA Margin	14.72%	15.68%	16.93%	7.45%	18.91%	21.74%
D&A For EBITDA	47.57	48	48.56	46.1	42.94	37.42
EBIT	100.76	111.58	89.66	-1.06	75.65	54.97
EBIT Margin	10.00%	10.97%	10.98%	-0.18%	12.06%	12.94%
Effective Tax Rate	12.69%	14.65%	24.82%	-	8.48%	0.56%
Revenue as Reported	1,007	1,017	816.28	604.77	627.02	424.95
Advertising Expenses	-	19.77	15.5	12.6	10.29	2.59

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