Nanjing Wavelength Opto-Electronic Science & Technology Co.,Ltd. (SHE:301421)

SHE:301421 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	418.91	401.77	357.1	337.25	305.04	262.81
Other Revenue	14.11	14.11	6.7	4.66	4.38	3.69
Revenue	433.01	415.88	363.8	341.91	309.42	266.5
Revenue Growth (YoY)	15.73%	14.31%	6.40%	10.50%	16.10%	17.90%
Cost of Revenue	302.58	286.4	228.04	216.29	196.63	169.89
Gross Profit	130.44	129.48	135.76	125.63	112.79	96.61
Selling, General & Admin	73.26	69.93	59.83	38.41	36.58	30.23
Research & Development	27.91	27.87	21.58	20.01	16.85	14.48
Other Operating Expenses	1.14	0.32	1.9	1.59	1.6	2.08
Operating Expenses	103.72	100.06	84.12	61.87	55.12	49.37
Operating Income	26.72	29.43	51.63	63.76	57.67	47.24
Interest Expense	-0.1	-0.14	-1.39	-0.02	-0.01	-0.03
Interest & Investment Income	9.84	12.28	9.05	0.2	0.72	1.37
Currency Exchange Gain (Loss)	0.7	0.7	0.5	0.61	-0.27	-0.08
Other Non Operating Income (Expenses)	-1.18	-0.88	-0.42	-0.47	-0.34	-0.54
EBT Excluding Unusual Items	35.97	41.4	59.39	64.08	57.77	47.96
Impairment of Goodwill	-	-	-1.55	-	-	-
Gain (Loss) on Sale of Investments	2.83	2.3	0	-0.04	-	-
Gain (Loss) on Sale of Assets	0.29	0.29	-0.04	0.09	0.02	-0.07
Asset Writedown	-0.76	-	-	-	-	-
Legal Settlements	-	-	-	-	-0.03	-0.05
Other Unusual Items	4.34	1.82	1.66	6.4	2.16	3.69
Pretax Income	42.68	45.81	59.45	70.52	59.91	51.52
Income Tax Expense	9.98	8.98	7.37	9.74	5.47	6.04
Earnings From Continuing Operations	32.7	36.83	52.08	60.78	54.45	45.48
Minority Interest in Earnings	-	0.13	2.05	0.7	-0.01	-1.43
Net Income	32.7	36.96	54.13	61.48	54.43	44.05
Net Income to Common	32.7	36.96	54.13	61.48	54.43	44.05
Net Income Growth	-40.10%	-31.72%	-11.96%	12.95%	23.56%	91.63%
Shares Outstanding (Basic)	113	115	97	88	86	86
Shares Outstanding (Diluted)	113	115	97	88	86	86
Shares Change (YoY)	7.25%	19.50%	10.04%	1.66%	0.03%	-9.34%
EPS (Basic)	0.29	0.32	0.56	0.70	0.63	0.51
EPS (Diluted)	0.29	0.32	0.56	0.70	0.63	0.51
EPS Growth	-44.14%	-42.86%	-20.00%	11.11%	23.53%	111.36%
Free Cash Flow	-143.54	-113.73	-48.64	-47.63	23.77	38.75
Free Cash Flow Per Share	-1.27	-0.98	-0.50	-0.54	0.28	0.45
Dividend Per Share	0.100	0.100	0.300	-	-	-
Dividend Growth	-66.67%	-66.67%	-	-	-	-
Gross Margin	30.12%	31.14%	37.32%	36.74%	36.45%	36.25%
Operating Margin	6.17%	7.08%	14.19%	18.65%	18.64%	17.73%
Profit Margin	7.55%	8.89%	14.88%	17.98%	17.59%	16.53%
Free Cash Flow Margin	-33.15%	-27.35%	-13.37%	-13.93%	7.68%	14.54%
EBITDA	57.94	58.47	71.96	79.1	70.54	58.49
EBITDA Margin	13.38%	14.06%	19.78%	23.14%	22.80%	21.95%
D&A For EBITDA	31.22	29.04	20.33	15.34	12.87	11.25
EBIT	26.72	29.43	51.63	63.76	57.67	47.24
EBIT Margin	6.17%	7.08%	14.19%	18.65%	18.64%	17.73%
Effective Tax Rate	23.38%	19.61%	12.40%	13.82%	9.13%	11.71%
Revenue as Reported	433.01	415.88	363.8	341.91	309.42	266.5
Advertising Expenses	-	2.02	2.16	0.76	0.96	0.65

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