Zhejiang Wanfeng Auto Wheel Co., Ltd. (SHE:002085)

SHE:002085 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	15,826	15,799	15,749	15,951	11,873	10,296
Other Revenue	465.25	465.25	457.44	431.1	562.9	403.3
Revenue	16,291	16,264	16,207	16,382	12,436	10,699
Revenue Growth (YoY)	0.98%	0.35%	-1.07%	31.73%	16.23%	-15.32%
Cost of Revenue	13,676	13,602	12,937	13,384	10,445	8,547
Gross Profit	2,615	2,662	3,270	2,998	1,991	2,152
Selling, General & Admin	888.96	902.54	998.79	933.63	845.22	792.09
Research & Development	503.12	461.11	495.7	499.38	412.85	337.45
Other Operating Expenses	25.89	19.98	42.88	58.22	51.58	55.72
Operating Expenses	1,591	1,557	1,561	1,501	1,325	1,192
Operating Income	1,024	1,106	1,709	1,497	666.88	960.44
Interest Expense	-203.64	-210.51	-265.26	-303.78	-278.11	-245.82
Interest & Investment Income	39.02	39.75	28.43	12.44	33.9	34.62
Currency Exchange Gain (Loss)	97.36	97.36	-5.87	22.81	22.26	-49.78
Other Non Operating Income (Expenses)	122.15	-9.81	-7.34	-7.71	-10.01	-8.12
EBT Excluding Unusual Items	1,078	1,023	1,459	1,221	434.92	691.33
Impairment of Goodwill	-59.46	-59.46	-279	-39.25	-	-
Gain (Loss) on Sale of Investments	-10.43	-13.02	2.72	-7.32	-1.82	2.25
Gain (Loss) on Sale of Assets	2.88	2.89	2.87	2.57	0.13	0.5
Asset Writedown	0.21	-	-	-0.45	-31.83	-2.69
Legal Settlements	-	-	-	-	70.34	-
Other Unusual Items	129.09	129.09	107.53	77.77	93.27	102.52
Pretax Income	1,141	1,082	1,293	1,254	605.05	829.02
Income Tax Expense	216.17	241.75	259.42	222.49	73.2	64.15
Earnings From Continuing Operations	924.57	840.35	1,034	1,032	531.85	764.88
Minority Interest in Earnings	-222.98	-187.03	-306.97	-222.7	-198.49	-199.06
Net Income	701.59	653.31	727	809.03	333.36	565.82
Net Income to Common	701.59	653.31	727	809.03	333.36	565.82
Net Income Growth	-3.86%	-10.14%	-10.14%	142.69%	-41.08%	-36.83%
Shares Outstanding (Basic)	2,055	2,042	2,077	2,074	2,084	2,096
Shares Outstanding (Diluted)	2,055	2,042	2,077	2,074	2,084	2,096
Shares Change (YoY)	-1.36%	-1.71%	0.13%	-0.43%	-0.58%	-4.08%
EPS (Basic)	0.34	0.32	0.35	0.39	0.16	0.27
EPS (Diluted)	0.34	0.32	0.35	0.39	0.16	0.27
EPS Growth	-2.54%	-8.57%	-10.26%	143.75%	-40.74%	-34.15%
Free Cash Flow	713.16	567.67	1,500	980.37	322.24	1,265
Free Cash Flow Per Share	0.35	0.28	0.72	0.47	0.15	0.60
Dividend Per Share	0.100	0.100	0.150	0.100	-	0.300
Dividend Growth	-33.33%	-33.33%	50.00%	-	-	-
Gross Margin	16.05%	16.37%	20.18%	18.30%	16.01%	20.12%
Operating Margin	6.28%	6.80%	10.55%	9.14%	5.36%	8.98%
Profit Margin	4.31%	4.02%	4.49%	4.94%	2.68%	5.29%
Free Cash Flow Margin	4.38%	3.49%	9.26%	5.98%	2.59%	11.82%
EBITDA	1,447	1,569	2,332	2,146	1,325	1,624
EBITDA Margin	8.88%	9.64%	14.39%	13.10%	10.66%	15.18%
D&A For EBITDA	423.01	462.94	622.68	649.32	658.46	663.48
EBIT	1,024	1,106	1,709	1,497	666.88	960.44
EBIT Margin	6.28%	6.80%	10.55%	9.14%	5.36%	8.98%
Effective Tax Rate	18.95%	22.34%	20.06%	17.74%	12.10%	7.74%
Revenue as Reported	16,291	16,264	16,207	16,382	12,436	10,699

Updated Oct 25, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.