Wah Hong Industrial Corp. (TPEX: 8240)

Wah Hong Industrial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,368	7,518	9,183	10,969	10,312	9,813
Revenue Growth (YoY)	-3.83%	-18.13%	-16.28%	6.37%	5.09%	26.60%
Cost of Revenue	6,284	6,467	8,006	9,724	9,215	8,689
Gross Profit	1,083	1,051	1,177	1,245	1,098	1,124
Selling, General & Admin	631.05	579.65	622.53	656.2	619.22	623.03
Research & Development	226.15	229.29	214.34	222.16	213.75	226.7
Operating Expenses	856.81	807.63	834.31	879.83	833.69	824.39
Operating Income	226.67	243.79	342.89	365.59	263.86	299.47
Interest Expense	-67.26	-69.03	-47.01	-26.75	-34.28	-56.63
Interest & Investment Income	59.42	68.54	64.01	21.97	17.22	15.26
Earnings From Equity Investments	-3.64	-5.15	0.45	-	-	-
Currency Exchange Gain (Loss)	-4.65	5.01	53.22	-9.01	-31.41	3.36
Other Non Operating Income (Expenses)	94	52	10.55	366.53	122.13	12.33
EBT Excluding Unusual Items	304.54	295.16	424.12	718.32	337.52	273.79
Gain (Loss) on Sale of Assets	158.11	-3.58	-1.37	-3.86	-2.86	-1.24
Other Unusual Items	-0.12	-0.54	0.24	0.04	-0.3	34.48
Pretax Income	462.53	291.04	422.99	714.5	334.36	307.02
Income Tax Expense	132.34	69.61	138.82	256.72	91.22	54.59
Earnings From Continuing Operations	330.2	221.43	284.17	457.78	243.14	252.43
Minority Interest in Earnings	-9.82	-19.05	-21.7	-27.41	-26.72	-43.93
Net Income	320.38	202.38	262.47	430.37	216.42	208.5
Net Income to Common	320.38	202.38	262.47	430.37	216.42	208.5
Net Income Growth	58.16%	-22.89%	-39.01%	98.86%	3.80%	38.44%
Shares Outstanding (Basic)	99	99	99	98	98	99
Shares Outstanding (Diluted)	101	100	101	101	99	101
Shares Change (YoY)	0.32%	-0.95%	-0.18%	1.84%	-1.08%	-0.27%
EPS (Basic)	3.25	2.05	2.66	4.39	2.21	2.10
EPS (Diluted)	3.19	2.02	2.60	4.25	2.18	2.07
EPS Growth	58.14%	-22.31%	-38.82%	94.95%	5.31%	38.93%
Free Cash Flow	272.05	264.16	1,122	454.14	32.12	283.97
Free Cash Flow Per Share	2.71	2.64	11.10	4.48	0.32	2.82
Dividend Per Share	1.500	1.500	1.500	2.500	1.600	1.300
Dividend Growth	0%	0%	-40.00%	56.25%	23.08%	52.94%
Gross Margin	14.71%	13.98%	12.82%	11.35%	10.64%	11.45%
Operating Margin	3.08%	3.24%	3.73%	3.33%	2.56%	3.05%
Profit Margin	4.35%	2.69%	2.86%	3.92%	2.10%	2.12%
Free Cash Flow Margin	3.69%	3.51%	12.21%	4.14%	0.31%	2.89%
EBITDA	459.25	469.61	616.78	637.26	567.69	604.74
EBITDA Margin	6.23%	6.25%	6.72%	5.81%	5.50%	6.16%
D&A For EBITDA	232.59	225.82	273.89	271.68	303.83	305.27
EBIT	226.67	243.79	342.89	365.59	263.86	299.47
EBIT Margin	3.08%	3.24%	3.73%	3.33%	2.56%	3.05%
Effective Tax Rate	28.61%	23.92%	32.82%	35.93%	27.28%	17.78%

Source: S&P Capital IQ. Standard template. Financial Sources.