GuangZhou LingWe Technology Co., Ltd. (SHE:301373)

SHE:301373 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	490.97	478.8	465.55	400.72	408.7	349.91
Other Revenue	0.16	0.1	0.35	0.52	0.49	0.28
Revenue	491.13	478.9	465.9	401.24	409.19	350.19
Revenue Growth (YoY)	5.01%	2.79%	16.11%	-1.94%	16.85%	5.29%
Cost of Revenue	274.52	265.05	274.54	249.6	265.98	220.22
Gross Profit	216.61	213.85	191.36	151.64	143.21	129.97
Selling, General & Admin	51.85	50.45	45.69	37.22	33.33	28.24
Research & Development	25.43	25.38	24.07	15.7	13.73	9.96
Other Operating Expenses	4.52	2.5	2.11	3.18	3.78	2.95
Operating Expenses	81.5	79	72.08	56.07	51	42.3
Operating Income	135.1	134.85	119.28	95.57	92.21	87.68
Interest Expense	-0.69	-0.73	-1.17	-0.32	-0.31	-0.01
Interest & Investment Income	27.15	27.34	26.67	7.47	2.5	9.43
Currency Exchange Gain (Loss)	1.08	1.6	0.76	2.69	-0.06	-0.72
Other Non Operating Income (Expenses)	-0.06	-0.17	-0.24	-0.19	-0.28	-0.12
EBT Excluding Unusual Items	162.58	162.89	145.3	105.22	94.06	96.26
Gain (Loss) on Sale of Investments	-0.47	-0.1	0.77	-	-15.98	-
Gain (Loss) on Sale of Assets	0.08	0.06	0.06	0.03	-	-0.02
Asset Writedown	0	-	-0.22	-0.68	-0.12	-0.2
Other Unusual Items	9.24	1.96	4.31	4.3	3.34	2.15
Pretax Income	171.43	164.81	150.23	108.87	81.29	98.2
Income Tax Expense	32.43	29.8	25.23	17.8	13.26	17.95
Earnings From Continuing Operations	139	135.01	125	91.07	68.03	80.26
Minority Interest in Earnings	-0.1	-0.12	-0.12	-0.08	-0.49	-0.65
Net Income	138.9	134.89	124.87	90.99	67.54	79.61
Net Income to Common	138.9	134.89	124.87	90.99	67.54	79.61
Net Income Growth	5.63%	8.02%	37.24%	34.71%	-15.15%	21.83%
Shares Outstanding (Basic)	108	109	106	81	81	81
Shares Outstanding (Diluted)	108	109	106	81	81	81
Shares Change (YoY)	-2.14%	2.79%	30.26%	-0.17%	0.18%	9.40%
EPS (Basic)	1.28	1.24	1.18	1.12	0.83	0.98
EPS (Diluted)	1.28	1.24	1.18	1.12	0.83	0.98
EPS Growth	7.94%	5.08%	5.36%	34.94%	-15.31%	11.36%
Free Cash Flow	57.09	40.8	-83.08	49.09	73.9	16.78
Free Cash Flow Per Share	0.53	0.38	-0.79	0.60	0.91	0.21
Dividend Per Share	0.500	0.500	0.600	0.300	-	-
Dividend Growth	66.67%	-16.67%	100.00%	-	-	-
Gross Margin	44.10%	44.65%	41.07%	37.79%	35.00%	37.11%
Operating Margin	27.51%	28.16%	25.60%	23.82%	22.54%	25.04%
Profit Margin	28.28%	28.17%	26.80%	22.68%	16.51%	22.73%
Free Cash Flow Margin	11.62%	8.52%	-17.83%	12.23%	18.06%	4.79%
EBITDA	158.95	153.54	129	105.45	101.79	96.43
EBITDA Margin	32.37%	32.06%	27.69%	26.28%	24.88%	27.53%
D&A For EBITDA	23.85	18.69	9.72	9.88	9.57	8.75
EBIT	135.1	134.85	119.28	95.57	92.21	87.68
EBIT Margin	27.51%	28.16%	25.60%	23.82%	22.54%	25.04%
Effective Tax Rate	18.92%	18.08%	16.80%	16.35%	16.31%	18.28%
Revenue as Reported	491.13	478.9	465.9	401.24	409.19	350.19
Advertising Expenses	-	1.18	1.11	0.42	0.71	0.56

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.