Wanhua Annual Report 2023

Accounts Highlights

• Operating income
• 175,360,935,668.36
• Operating costs
• 145,926,359,223.32
• Selling expenses
• 1,346,361,619.13
• Administrative expenses
• 2,450,051,139.77
• Financial expenses
• 1,676,471,684.26
• Research and development expenditures
• 4,080,709,256.26
• Net cash flow from operating activities
• 26,796,752,552.51
• Net cash flow from investing activities
• -44,830,095,860.93
• Net cash flow from financing activities
• 22,809,059,966.03
• Investment income
• 620,887,150.64
• Profit on changes in fair value
• 81,566,532.81
• Impairment loss of credit
• -42,877,862.46
• Income from disposal of assets
• 521,534.62
• Non-operating income
• 64,396,690.32
• Income tax expenses
• 1,710,066,689.51

The reason for changes in operating income is that: There were no significant changes.

The reason for changes in operating costs is mainly that: There were no significant changes.

The reason for changes in selling expenses is mainly that: There were no significant changes.

The reason for changes in administrative expenses is mainly that: There were no significant changes.

The reason for changes in financial expenses is mainly that: The increase in interest-bearing liabilities cause an increase in interest expenses.

The reason for changes in research and development expenditures is mainly that: There were no significant changes.