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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,454	7,518	9,183	10,969	10,312	9,813
Revenue Growth (YoY)	-3.63%	-18.13%	-16.28%	6.37%	5.09%	26.60%
Cost of Revenue	6,341	6,467	8,006	9,724	9,215	8,689
Gross Profit	1,113	1,051	1,177	1,245	1,098	1,124
Selling, General & Admin	598.19	579.65	622.53	656.2	619.22	623.03
Research & Development	229.88	229.29	214.34	222.16	213.75	226.7
Operating Expenses	827.23	807.63	834.31	879.83	833.69	824.39
Operating Income	286	243.79	342.89	365.59	263.86	299.47
Interest Expense	-70.36	-69.03	-47.01	-26.75	-34.28	-56.63
Interest & Investment Income	28.31	68.54	64.01	21.97	17.22	15.26
Earnings From Equity Investments	-6.56	-5.15	0.45	-	-	-
Currency Exchange Gain (Loss)	12.94	5.01	53.22	-9.01	-31.41	3.36
Other Non Operating Income (Expenses)	54.54	52	10.55	366.53	122.13	12.33
EBT Excluding Unusual Items	304.87	295.16	424.12	718.32	337.52	273.79
Gain (Loss) on Sale of Assets	-5.59	-3.58	-1.37	-3.86	-2.86	-1.24
Other Unusual Items	-0.33	-0.54	0.24	0.04	-0.3	34.48
Pretax Income	298.95	291.04	422.99	714.5	334.36	307.02
Income Tax Expense	74.8	69.61	138.82	256.72	91.22	54.59
Earnings From Continuing Operations	224.14	221.43	284.17	457.78	243.14	252.43
Minority Interest in Earnings	-15.26	-19.05	-21.7	-27.41	-26.72	-43.93
Net Income	208.88	202.38	262.47	430.37	216.42	208.5
Net Income to Common	208.88	202.38	262.47	430.37	216.42	208.5
Net Income Growth	1.86%	-22.89%	-39.01%	98.86%	3.80%	38.44%
Shares Outstanding (Basic)	99	99	99	98	98	99
Shares Outstanding (Diluted)	100	100	101	101	99	101
Shares Change (YoY)	-0.50%	-0.95%	-0.18%	1.84%	-1.08%	-0.27%
EPS (Basic)	2.12	2.05	2.66	4.39	2.21	2.10
EPS (Diluted)	2.09	2.02	2.60	4.25	2.18	2.07
EPS Growth	2.51%	-22.31%	-38.82%	94.95%	5.31%	38.93%
Free Cash Flow	487.71	264.16	1,122	454.14	32.12	283.97
Free Cash Flow Per Share	4.88	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	14.93%	13.98%	12.82%	11.35%	10.64%	11.45%
Operating Margin	3.84%	3.24%	3.73%	3.33%	2.56%	3.05%
Profit Margin	2.80%	2.69%	2.86%	3.92%	2.10%	2.12%
Free Cash Flow Margin	6.54%	3.51%	12.21%	4.14%	0.31%	2.89%
EBITDA	517.15	469.61	616.78	637.26	567.69	604.74
EBITDA Margin	6.94%	6.25%	6.72%	5.81%	5.50%	6.16%
D&A For EBITDA	231.14	225.82	273.89	271.68	303.83	305.27
EBIT	286	243.79	342.89	365.59	263.86	299.47
EBIT Margin	3.84%	3.24%	3.73%	3.33%	2.56%	3.05%
Effective Tax Rate	25.02%	23.92%	32.82%	35.93%	27.28%	17.78%

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