Weihai Guangwei Composites Co., Ltd. (SHE:300699)

SHE:300699 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	2,496	2,443	2,508	2,502	2,587	2,102
Other Revenue	7.18	7.18	9.95	8.7	20.09	13.32
Revenue	2,504	2,450	2,518	2,511	2,607	2,116
Revenue Growth (YoY)	1.26%	-2.69%	0.26%	-3.69%	23.25%	23.36%
Cost of Revenue	1,417	1,392	1,356	1,323	1,475	1,122
Gross Profit	1,087	1,058	1,162	1,188	1,132	993.27
Selling, General & Admin	150.66	149.99	152.63	145.54	106.79	105.42
Research & Development	157.34	161.75	163.39	177.15	212.74	231.07
Other Operating Expenses	47.45	22.96	-0.29	-42.08	-28.8	14.18
Operating Expenses	331.86	324.43	366.37	301.21	281.84	343.91
Operating Income	754.66	733.88	795.23	886.57	849.97	649.36
Interest Expense	-27.82	-23	-9.61	-5.94	-5.22	-11.86
Interest & Investment Income	22.71	20.42	18.16	17.65	4.9	4.59
Earnings From Equity Investments	0.12	0.08	-	-	1.6	5.53
Currency Exchange Gain (Loss)	6.2	6.2	19.06	91.94	-7.81	-7
Other Non Operating Income (Expenses)	-3.58	-0.79	4.18	-8.7	-0.85	-5.28
EBT Excluding Unusual Items	752.27	736.79	827.04	981.52	842.59	635.34
Merger & Restructuring Charges	-	-	-10.52	-7.75	-	-
Gain (Loss) on Sale of Investments	1.15	1.94	10.19	8.11	9.35	17.1
Gain (Loss) on Sale of Assets	1.36	1.22	-	0.24	2.37	0.49
Asset Writedown	-3.73	-0.01	-13.34	-0.87	-1.38	-2.56
Other Unusual Items	73.77	73.77	179.53	62.74	-1.38	74.52
Pretax Income	824.82	813.71	992.88	1,044	851.56	724.9
Income Tax Expense	133.11	127.57	151.97	137.82	95.37	84.17
Earnings From Continuing Operations	691.7	686.14	840.91	906.15	756.19	640.74
Minority Interest in Earnings	46.99	55.05	32.25	28.1	2.2	0.97
Net Income	738.69	741.18	873.17	934.25	758.38	641.71
Net Income to Common	738.69	741.18	873.17	934.25	758.38	641.71
Net Income Growth	-14.01%	-15.12%	-6.54%	23.19%	18.18%	22.98%
Shares Outstanding (Basic)	827	826	831	829	831	828
Shares Outstanding (Diluted)	827	826	831	829	831	828
Shares Change (YoY)	-0.45%	-0.57%	0.15%	-0.21%	0.37%	0.18%
EPS (Basic)	0.89	0.90	1.05	1.13	0.91	0.78
EPS (Diluted)	0.89	0.90	1.05	1.13	0.91	0.78
EPS Growth	-13.62%	-14.63%	-6.68%	23.45%	17.74%	22.76%
Free Cash Flow	347.53	23.79	-210.45	-550.53	595.23	374.97
Free Cash Flow Per Share	0.42	0.03	-0.25	-0.66	0.72	0.45
Dividend Per Share	0.500	0.500	0.500	0.438	0.313	0.313
Dividend Growth	-	-	14.29%	40.00%	-	-
Gross Margin	43.40%	43.20%	46.14%	47.30%	43.41%	46.95%
Operating Margin	30.14%	29.95%	31.59%	35.31%	32.60%	30.70%
Profit Margin	29.50%	30.25%	34.68%	37.20%	29.09%	30.33%
Free Cash Flow Margin	13.88%	0.97%	-8.36%	-21.92%	22.83%	17.72%
EBITDA	1,042	1,003	990.1	1,061	993.49	743.23
EBITDA Margin	41.64%	40.94%	39.33%	42.27%	38.10%	35.13%
D&A For EBITDA	287.81	269.22	194.86	174.83	143.52	93.88
EBIT	754.66	733.88	795.23	886.57	849.97	649.36
EBIT Margin	30.14%	29.95%	31.59%	35.31%	32.60%	30.70%
Effective Tax Rate	16.14%	15.68%	15.31%	13.20%	11.20%	11.61%
Revenue as Reported	2,504	2,450	2,518	2,511	2,607	2,116
Advertising Expenses	-	4.49	2.57	4	1.82	3.82

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