Wanhua Chemical Group Co., Ltd. (SHA:600309)

Wanhua Chemical Group 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	175,475	181,350	173,567	164,508	144,901	73,006
Other Revenue	428.19	719.25	1,794	1,057	637.23	426.55
Revenue	175,903	182,069	175,361	165,565	145,538	73,433
Revenue Growth (YoY)	-4.81%	3.82%	5.92%	13.76%	98.19%	7.91%
Cost of Revenue	150,470	152,976	146,048	138,189	107,327	55,919
Gross Profit	25,434	29,093	29,313	27,376	38,211	17,514
Selling, General & Admin	4,445	4,642	3,796	3,119	2,943	2,208
Research & Development	4,760	4,550	4,081	3,420	3,168	2,043
Other Operating Expenses	610.87	421.1	772.93	783.38	800.28	630.76
Operating Expenses	9,553	9,815	8,693	7,387	7,097	4,998
Operating Income	15,881	19,277	20,620	19,989	31,115	12,516
Interest Expense	-2,868	-2,817	-2,837	-2,047	-2,034	-1,208
Interest & Investment Income	1,690	1,654	1,907	1,317	1,296	505.72
Currency Exchange Gain (Loss)	495.33	-37.76	25.33	7.79	-81.72	-89.15
Other Non Operating Income (Expenses)	-55.13	-137.56	-150.95	-104.95	-166.22	-105.55
EBT Excluding Unusual Items	15,143	17,939	19,564	19,162	30,128	11,619
Gain (Loss) on Sale of Investments	-243.47	-76.39	81.57	172.96	6.61	-6.34
Gain (Loss) on Sale of Assets	-1,040	-845.79	-242.32	-221.4	-309.52	-88.49
Asset Writedown	-402.84	-406.18	-13.56	-134.44	-1,065	-485.36
Other Unusual Items	533.11	313.3	619.87	561.46	391.25	693.83
Pretax Income	13,990	16,924	20,010	19,541	29,151	11,732
Income Tax Expense	1,455	2,133	1,710	2,499	4,112	1,317
Earnings From Continuing Operations	12,535	14,791	18,300	17,042	25,039	10,415
Minority Interest in Earnings	-1,553	-1,758	-1,484	-808.28	-390.68	-373.49
Net Income	10,981	13,033	16,816	16,234	24,649	10,041
Net Income to Common	10,981	13,033	16,816	16,234	24,649	10,041
Net Income Growth	-33.13%	-22.50%	3.59%	-34.14%	145.47%	-0.87%
Shares Outstanding (Basic)	3,138	3,140	3,137	3,140	3,140	3,138
Shares Outstanding (Diluted)	3,138	3,140	3,137	3,140	3,140	3,138
Shares Change (YoY)	-0.05%	0.10%	-0.09%	-	0.06%	0.06%
EPS (Basic)	3.50	4.15	5.36	5.17	7.85	3.20
EPS (Diluted)	3.50	4.15	5.36	5.17	7.85	3.20
EPS Growth	-33.10%	-22.57%	3.67%	-34.14%	145.31%	-0.93%
Free Cash Flow	-2,504	-5,777	-16,302	3,680	922.71	-6,386
Free Cash Flow Per Share	-0.80	-1.84	-5.20	1.17	0.29	-2.04
Dividend Per Share	0.730	1.250	1.625	1.600	2.500	1.300
Dividend Growth	-65.97%	-23.08%	1.56%	-36.00%	92.31%	-
Gross Margin	14.46%	15.98%	16.72%	16.54%	26.25%	23.85%
Operating Margin	9.03%	10.59%	11.76%	12.07%	21.38%	17.04%
Profit Margin	6.24%	7.16%	9.59%	9.80%	16.94%	13.67%
Free Cash Flow Margin	-1.42%	-3.17%	-9.30%	2.22%	0.63%	-8.70%
EBITDA	29,176	31,087	30,756	28,263	38,340	17,747
EBITDA Margin	16.59%	17.07%	17.54%	17.07%	26.34%	24.17%
D&A For EBITDA	13,295	11,810	10,136	8,275	7,225	5,231
EBIT	15,881	19,277	20,620	19,989	31,115	12,516
EBIT Margin	9.03%	10.59%	11.76%	12.07%	21.38%	17.04%
Effective Tax Rate	10.40%	12.60%	8.55%	12.79%	14.11%	11.23%
Revenue as Reported	175,903	182,069	175,361	165,565	145,538	73,433
Advertising Expenses	-	39.59	28.21	13.11	18.61	9.2

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.