SWX:WILL Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	28,544	25,670	20,966	20,035	24,040	19,753
Other Revenue	60.85	60.85	54.18	43.41	63.87	71.31
Revenue	28,605	25,731	21,021	20,078	24,104	19,824
Revenue Growth (YoY)	15.12%	22.41%	4.69%	-16.70%	21.59%	45.43%
Cost of Revenue	20,328	18,483	16,845	15,263	15,970	14,143
Gross Profit	8,277	7,247	4,176	4,816	8,134	5,681
Selling, General & Admin	1,372	1,367	1,154	1,324	1,221	1,147
Research & Development	2,738	2,560	2,171	2,453	2,090	1,727
Other Operating Expenses	12.07	28.64	-16.07	49.29	18.2	18.71
Operating Expenses	4,156	3,968	3,399	3,791	3,351	2,910
Operating Income	4,121	3,280	776.6	1,024	4,783	2,772
Interest Expense	-310.62	-326.7	-534	-493.89	-410.45	-296.88
Interest & Investment Income	557.34	512.72	169.38	1,075	639.53	46.08
Currency Exchange Gain (Loss)	32.31	32.31	-11.74	-117.43	34.33	-0.34
Other Non Operating Income (Expenses)	-89.27	-22.67	-7.29	-9.41	-5.11	-6.06
EBT Excluding Unusual Items	4,310	3,475	392.95	1,478	5,041	2,514
Impairment of Goodwill	-237.49	-237.49	-	-	-	-
Gain (Loss) on Sale of Investments	157.88	57.99	231.33	-221.24	-80.67	450.86
Gain (Loss) on Sale of Assets	3.72	8.8	1.86	6.79	-1.25	-1.42
Asset Writedown	-79.96	-86.88	-5.59	-22.98	-1.48	-38.56
Other Unusual Items	60.62	60.62	70.89	60.45	44.25	65.88
Pretax Income	4,215	3,278	691.45	1,301	5,002	2,991
Income Tax Expense	97.82	-5.83	147.62	342.75	456.2	308.01
Earnings From Continuing Operations	4,117	3,284	543.82	958.57	4,546	2,683
Minority Interest in Earnings	40.78	38.94	11.8	31.73	-69.69	22.99
Net Income	4,158	3,323	555.62	990.31	4,476	2,706
Net Income to Common	4,158	3,323	555.62	990.31	4,476	2,706
Net Income Growth	62.27%	498.11%	-43.89%	-77.88%	65.41%	481.17%
Shares Outstanding (Basic)	1,202	1,200	1,182	1,179	1,169	1,138
Shares Outstanding (Diluted)	1,202	1,200	1,182	1,179	1,178	1,145
Shares Change (YoY)	-1.78%	1.48%	0.27%	0.08%	2.86%	32.98%
EPS (Basic)	3.46	2.77	0.47	0.84	3.83	2.38
EPS (Diluted)	3.46	2.77	0.47	0.84	3.80	2.36
EPS Growth	65.22%	489.36%	-44.05%	-77.90%	60.81%	337.03%
Free Cash Flow	2,055	3,523	6,488	-4,253	1,070	2,211
Free Cash Flow Per Share	1.71	2.94	5.49	-3.61	0.91	1.93
Dividend Per Share	0.620	0.420	0.140	0.084	0.385	0.233
Dividend Growth	82.35%	200.00%	66.67%	-78.19%	65.11%	349.52%
Gross Margin	28.93%	28.17%	19.87%	23.98%	33.74%	28.66%
Operating Margin	14.41%	12.75%	3.69%	5.10%	19.84%	13.98%
Profit Margin	14.54%	12.92%	2.64%	4.93%	18.57%	13.65%
Free Cash Flow Margin	7.19%	13.69%	30.87%	-21.18%	4.44%	11.15%
EBITDA	4,672	4,023	1,775	1,912	5,598	3,489
EBITDA Margin	16.33%	15.63%	8.44%	9.53%	23.22%	17.60%
D&A For EBITDA	551.06	742.75	998.33	888.15	814.97	717.87
EBIT	4,121	3,280	776.6	1,024	4,783	2,772
EBIT Margin	14.41%	12.75%	3.69%	5.10%	19.84%	13.98%
Effective Tax Rate	2.32%	-	21.35%	26.34%	9.12%	10.30%
Revenue as Reported	28,605	25,731	21,021	20,078	24,104	19,824

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