See more : Kongsberg Gruppen ASA (KOG.OL) Income Statement Analysis – Financial Results
Complete financial analysis of HIT Welding Industry Co.,Ltd (301137.SZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of HIT Welding Industry Co.,Ltd, a leading company in the Industrial – Machinery industry within the Industrials sector.
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HIT Welding Industry Co.,Ltd (301137.SZ)
About HIT Welding Industry Co.,Ltd
HIT Welding Industry Co.,Ltd develops, manufactures, and sells welding materials, welding accessories, and automatic welding equipment in China. The company offers gas shielding and submerged Arc welding wires; mobile rail flash wending machines; trackless autonomous crawling Arc welding robot machines; quantong stainless steel and aluminum welding wires; and Arc light electric welding electrodes. It also provides flux-cored wires, low alloy steel welding wires, electroless copper plating welding wires, welding strips, carbon steel welding wires, and welding fittings, as well as aluminum alloy and nickel-based welding wire. The company products are used in ships, rail vehicles, automobiles, petrochemicals, construction machinery, pressure vessels, marine engineering, aerospace, nuclear power and hydropower, and other fields. The company also exports its products. HIT Welding Industry Co.,Ltd was founded in 1996 and is based in Changzhou, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.58B | 1.57B | 1.72B | 1.36B | 1.19B | 1.08B | 869.05M |
| Cost of Revenue | 1.41B | 1.43B | 1.51B | 1.16B | 977.57M | 884.26M | 701.71M |
| Gross Profit | 167.79M | 135.99M | 203.77M | 205.65M | 213.44M | 193.97M | 167.34M |
| Gross Profit Ratio | 10.63% | 8.66% | 11.88% | 15.09% | 17.92% | 17.99% | 19.26% |
| Research & Development | 50.43M | 52.72M | 52.42M | 43.16M | 42.21M | 35.05M | 29.54M |
| General & Administrative | 9.69M | 10.17M | -19.08M | -91.42M | -115.52M | -108.57M | 8.41M |
| Selling & Marketing | 21.01M | 14.73M | 16.37M | 15.82M | 51.51M | 43.50M | 40.52M |
| SG&A | 30.03M | 24.90M | -2.70M | -75.60M | -64.01M | -65.07M | 48.93M |
| Other Expenses | 23.94M | 788.29K | 12.19M | 39.29M | 26.97M | 18.05M | -2.16M |
| Operating Expenses | 104.40M | 89.01M | 106.43M | 99.99M | 131.19M | 116.66M | 103.57M |
| Cost & Expenses | 1.52B | 1.52B | 1.62B | 1.26B | 1.11B | 1.00B | 805.28M |
| Interest Income | 2.30M | 1.92M | 1.37M | 2.85M | 5.65M | 5.41M | 402.39K |
| Interest Expense | 7.20M | 10.86M | 17.00M | 35.18M | 28.80M | 28.15M | 3.11M |
| Depreciation & Amortization | 39.61M | 35.82M | 33.52M | 25.17M | 21.12M | 14.09M | 15.77M |
| EBITDA | 109.69M | 93.94M | 127.82M | 124.72M | 105.40M | 91.51M | 69.92M |
| EBITDA Ratio | 6.95% | 5.79% | 8.23% | 11.75% | 11.09% | 11.50% | 8.71% |
| Operating Income | 63.39M | 46.03M | 82.36M | 88.44M | 76.37M | 74.55M | 53.20M |
| Operating Income Ratio | 4.02% | 2.93% | 4.80% | 6.49% | 6.41% | 6.91% | 6.12% |
| Total Other Income/Expenses | -503.72K | 788.29K | 2.78M | 3.18M | 2.51M | 1.35M | -2.16M |
| Income Before Tax | 62.89M | 46.82M | 85.14M | 91.63M | 78.87M | 75.90M | 51.04M |
| Income Before Tax Ratio | 3.98% | 2.98% | 4.96% | 6.72% | 6.62% | 7.04% | 5.87% |
| Income Tax Expense | 4.90M | 761.42K | 8.23M | 12.29M | 9.22M | 8.77M | 6.53M |
| Net Income | 57.99M | 46.05M | 76.92M | 79.33M | 69.65M | 67.13M | 44.54M |
| Net Income Ratio | 3.67% | 2.93% | 4.48% | 5.82% | 5.85% | 6.23% | 5.12% |
| EPS | 0.32 | 0.25 | 0.42 | 0.44 | 0.38 | 0.49 | 0.33 |
| EPS Diluted | 0.32 | 0.25 | 0.42 | 0.44 | 0.38 | 0.49 | 0.33 |
| Weighted Avg Shares Out | 181.22M | 181.81M | 181.81M | 181.81M | 181.81M | 137.00M | 134.97M |
| Weighted Avg Shares Out (Dil) | 181.22M | 181.81M | 181.81M | 181.81M | 181.81M | 137.00M | 134.97M |
Source: https://incomestatements.info
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