Chang Wah Technology Income Statement

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

Millions TWD. 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
Revenue	13,094	11,987	11,581	14,431	12,792	9,678
Revenue Growth (YoY)	11.55%	3.50%	-19.75%	12.81%	32.18%	3.84%
Cost of Revenue	10,181	9,102	8,981	10,046	9,386	7,873
Gross Profit	2,913	2,885	2,601	4,386	3,406	1,805
Selling, General & Admin	862.5	800.78	734.76	834.73	739.96	616.94
Research & Development	396.85	431.12	420.52	422.48	461.21	228.58
Operating Expenses	1,259	1,228	1,152	1,264	1,195	844.62
Operating Income	1,654	1,657	1,448	3,122	2,210	960.29
Interest Expense	-127.93	-112.57	-93.24	-47.28	-43.34	-40.18
Interest & Investment Income	436.57	495.19	407.61	165.4	75.71	73.17
Earnings From Equity Investments	-	-	-	-	-	-0.65
Currency Exchange Gain (Loss)	-71.34	245.91	61.23	347.07	-65.72	-127.97
Other Non Operating Income (Expenses)	57.23	58.45	114.14	68.1	45.76	99.16
EBT Excluding Unusual Items	1,949	2,344	1,938	3,655	2,223	963.81
Gain (Loss) on Sale of Investments	12.62	17.49	32.17	-20.7	26.48	2.55
Pretax Income	1,961	2,362	1,970	3,634	2,249	966.36
Income Tax Expense	358.12	430.08	373.04	789.29	510.54	175.74
Earnings From Continuing Operations	1,603	1,931	1,597	2,845	1,739	790.62
Minority Interest in Earnings	-43.74	-35.64	-32.64	-29.07	-24.27	-16.78
Net Income	1,559	1,896	1,565	2,816	1,714	773.84
Net Income to Common	1,559	1,896	1,565	2,816	1,714	773.84
Net Income Growth	-5.46%	21.18%	-44.44%	64.25%	121.54%	27.42%
Shares Outstanding (Basic)	928	936	935	935	892	883
Shares Outstanding (Diluted)	932	940	938	937	898	884
Shares Change (YoY)	-0.83%	0.27%	0.10%	4.29%	1.67%	-0.03%
EPS (Basic)	1.68	2.02	1.67	3.01	1.92	0.88
EPS (Diluted)	1.67	2.02	1.67	3.01	1.91	0.88
EPS Growth	-5.04%	20.96%	-44.52%	57.68%	117.92%	27.36%
Free Cash Flow	1,005	1,464	1,549	2,547	790.83	322.22
Free Cash Flow Per Share	1.08	1.56	1.65	2.72	0.88	0.36
Dividend Per Share	1.350	1.720	1.610	1.510	0.960	0.528
Dividend Growth	-19.64%	6.83%	6.62%	57.29%	81.82%	6.45%
Gross Margin	22.25%	24.07%	22.45%	30.39%	26.62%	18.65%
Operating Margin	12.63%	13.82%	12.50%	21.63%	17.28%	9.92%
Profit Margin	11.91%	15.82%	13.51%	19.51%	13.40%	8.00%
Free Cash Flow Margin	7.67%	12.22%	13.37%	17.65%	6.18%	3.33%
EBITDA	2,342	2,394	2,226	3,813	2,808	1,530
EBITDA Margin	17.88%	19.97%	19.22%	26.42%	21.95%	15.81%
D&A For EBITDA	687.5	737.07	778.09	691.81	598.02	569.81
EBIT	1,654	1,657	1,448	3,122	2,210	960.29
EBIT Margin	12.63%	13.82%	12.50%	21.63%	17.28%	9.92%
Effective Tax Rate	18.26%	18.21%	18.93%	21.72%	22.70%	18.19%

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