Income Statement Century Wind Power Co., Ltd.

Equities

2072

TW0002072006

Renewable Energy Equipment & Services

End-of-day quote Taipei Exchange Other stock markets 2026-02-11			5-day change	1st Jan Change
302.50 ^TWD	+0.33%		+1.34%	+12.45%

11-12	Century Wind Power Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
11-12	Century Wind Power says Jan-Sept net profit T$1.28 bln	RE

00937fbaf55ce9ee9173296891db13.3VueEzzDPIeorxe1zsremD2myaMh_Rs_4IT05XrSRDU.jWitJwiIcOX342_3-ZqJzgXsvNpKmX5MjeGllRKAKgCWD8dpWPdPw5iZTg

Published financial data: CENTURY WIND POWER CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.51B	4.81B	2.89B	8.21B	9.66B
Total Revenues	2.51B	4.81B	2.89B	8.21B	9.66B
Cost of Goods Sold, Total	1.49B	3.66B	3.39B	6.79B	7.55B
Gross Profit	1.03B	1.15B	-493M	1.42B	2.11B
Selling General & Admin Expenses, Total	90.27M	188M	189M	263M	242M
Provision for Bad Debts	-	-	-	1.4M	-
Other Operating Expenses, Total	90.27M	188M	189M	265M	242M
Operating Income	935M	967M	-682M	1.15B	1.87B
Interest Expense, Total	-15.39M	-23.29M	-95.59M	-163M	-156M
Interest And Investment Income	1.24M	7.76M	8.8M	29.89M	55.14M
Net Interest Expenses	-14.15M	-15.53M	-86.79M	-133M	-101M
Income (Loss) On Equity Invest.	-977K	2.32M	6.2M	6.45M	5.46M
Currency Exchange Gains (Loss)	-8.22M	35.66M	58.52M	3.4M	91.64M
Other Non Operating Income (Expenses)	-4.78M	11.51M	3.35M	-1.8M	-1.26M
EBT, Excl. Unusual Items	907M	1B	-701M	1.03B	1.86B
Gain (Loss) On Sale Of Investments	13.68M	305K	-	-	-
Gain (Loss) On Sale Of Assets	19K	-164K	158K	-9.33M	607K
Other Unusual Items	3.08M	2K	65K	10K	-
EBT, Incl. Unusual Items	924M	1B	-701M	1.02B	1.86B
Income Tax Expense	156M	201M	-140M	212M	360M
Earnings From Continuing Operations	767M	800M	-561M	808M	1.5B
Net Income to Company	767M	800M	-561M	808M	1.5B
Minority Interest	815K	4.02M	-33K	14.02M	-7K
Net Income - (IS)	768M	804M	-561M	822M	1.5B
Net Income to Common Incl Extra Items	768M	804M	-561M	822M	1.5B
Net Income to Common Excl. Extra Items	768M	804M	-561M	822M	1.5B
Per Share Items
Net EPS - Basic	8.09	8.04	-5.41	6.67	10.62
Basic EPS - Continuing Operations	8.09	8.04	-5.41	6.67	10.62
Basic Weighted Average Shares Outstanding	94.98M	100M	104M	123M	142M
Net EPS - Diluted	8.08	8.03	-5.41	6.67	10.61
Diluted EPS - Continuing Operations	8.08	8.03	-5.41	6.67	10.61
Diluted Weighted Average Shares Outstanding	95.01M	100M	104M	123M	142M
Normalized Basic EPS	5.98	6.29	-4.23	5.33	8.22
Normalized Diluted EPS	5.97	6.29	-4.23	5.33	8.22
Dividend Per Share	5	4.2	-	3	6
Payout Ratio	-	62.19	-74.84	-	27.91
Supplemental Items
EBITDA	1.02B	1.11B	-388M	1.78B	2.76B
EBITA	935M	967M	-682M	1.15B	1.87B
EBIT	935M	967M	-682M	1.15B	1.87B
EBITDAR	1.02B	1.17B	-254M	1.83B	2.78B
Effective Tax Rate - (Ratio)	16.92	20.05	19.92	20.81	19.31
Current Domestic Taxes	160M	298M	230K	-	336M
Total Current Taxes	160M	298M	230K	-	336M
Deferred Domestic Taxes	-3.42M	-97.38M	-140M	212M	23.97M
Total Deferred Taxes	-3.42M	-97.38M	-140M	212M	23.97M
Normalized Net Income	568M	629M	-438M	658M	1.17B
Interest Capitalized	-	39.29M	34.59M	33.94M	-
Interest on Long-Term Debt	13.91M	21.66M	24.91M	36.28M	35.23M
Supplemental Operating Expense Items
Marketing Expenses	6.19M	-	-	-	-
Selling and Marketing Expenses	6.19M	24.75M	48.13M	93.03M	50.58M
General and Administrative Expenses	84.08M	163M	141M	170M	192M
Net Rental Expense, Total	4.04M	62.53M	134M	53.85M	24.99M
Imputed Operating Lease Interest Expense	420K	8.46M	21.75M	11.69M	6.59M
Imputed Operating Lease Depreciation	3.62M	54.07M	113M	42.16M	18.4M
Stock-Based Comp., Other (Total)	-	-	4.87M	5.42M	2.7M
Total Stock-Based Compensation	-	-	4.87M	5.42M	2.7M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	612M	263M	248M	720M	4.02B
Short Term Investments	-	494M	1.18B	-	-
Total Cash And Short Term Investments	612M	757M	1.43B	720M	4.02B
Accounts Receivable, Total	985M	2.25B	2.63B	4.4B	5.98B
Other Receivables	5.06M	93.46M	105M	69.73M	168M
Total Receivables	990M	2.35B	2.74B	4.47B	6.14B
Inventory	1.32M	7.92M	15.36M	102M	53.29M
Prepaid Expenses	94.87M	187M	317M	597M	278M
Other Current Assets, Total	282M	16.29M	44.15M	1.6B	1.98B
Total Current Assets	1.98B	3.31B	4.55B	7.48B	12.47B
Gross Property Plant And Equipment	4.53B	7.63B	9.81B	11.9B	13.06B
Accumulated Depreciation	-85.43M	-228M	-522M	-1.14B	-1.98B
Net Property Plant And Equipment	4.44B	7.4B	9.28B	10.76B	11.08B
Long-term Investments	15.55M	1.07B	397M	26.25M	47M
Other Intangibles, Total	2.44M	5.86M	7.4M	3.8M	6.28M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	3.42M	99.13M	243M	31.02M	18.9M
Other Long-Term Assets, Total	589M	63.01M	54.42M	454M	922M
Total Assets	7.03B	11.96B	14.53B	18.76B	24.54B
Liabilities
Accounts Payable, Total	232M	334M	632M	1.83B	1.92B
Accrued Expenses, Total	149M	257M	375M	430M	391M
Short-term Borrowings	333M	680M	856M	1.63B	104M
Current Portion of Long-Term Debt	-	-	148M	289M	-
Current Portion of Leases	90.81M	129M	153M	176M	175M
Current Income Taxes Payable	160M	218M	-	-	331M
Unearned Revenue Current, Total	434M	524M	471M	193M	524M
Other Current Liabilities	302M	807M	962M	329M	582M
Total Current Liabilities	1.7B	2.95B	3.6B	4.88B	4.03B
Long-Term Debt	-	3.46B	4.18B	3.46B	150M
Long-Term Leases	1.22B	1.49B	1.77B	1.82B	1.65B
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	4.06M	4.46M	16.32M
Other Non Current Liabilities	85K	-	223K	293K	9.99M
Total Liabilities	2.92B	7.9B	9.55B	10.16B	5.86B
Common Stock, Total	1B	1B	1.2B	1.4B	1.7B
Additional Paid In Capital	2.32B	2.32B	4.03B	6.23B	14.93B
Retained Earnings	768M	715M	-267M	963M	2.05B
Total Common Equity	4.09B	4.04B	4.96B	8.59B	18.68B
Minority Interest	21.64M	16.37M	16.4M	2.38M	2.38M
Total Equity	4.11B	4.06B	4.98B	8.59B	18.68B
Total Liabilities And Equity	7.03B	11.96B	14.53B	18.76B	24.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	100M	100M	120M	140M	170M
ECS Total Common Shares Outstanding	100M	100M	120M	140M	170M
Book Value / Share	40.93	40.39	41.36	61.36	109.87
Tangible Book Value	4.09B	4.03B	4.96B	8.59B	18.67B
Tangible Book Value Per Share	40.9	40.33	41.29	61.34	109.84
Total Debt	1.64B	5.76B	7.11B	7.38B	2.08B
Net Debt	1.03B	5B	5.67B	6.66B	-1.93B
Debt Equivalent Oper. Leases	32.35M	500M	1.08B	431M	200M
Minority Interest, Total (Incl. Fin. Div)	21.64M	16.37M	16.4M	2.38M	2.38M
Equity Method Investments, Total	15.55M	17.87M	24.07M	26.25M	47M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.32M	5.56M	14.59M	100M	51.67M
Inventories - Others	2K	2.36M	762K	1.7M	1.62M
Land - (BS)	-	-	174M	174M	174M
Buildings, Total	1.38B	1.83B	4.87B	5.43B	6.45B
Machinery, Total	333M	607M	1.32B	2.5B	2.81B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	768M	804M	-561M	822M	1.5B
Depreciation & Amortization - CF	148M	264M	438M	809M	1.08B
Depreciation & Amortization, Total	148M	264M	438M	809M	1.08B
Amortization of Deferred Charges, Total - (CF)	175K	1.24M	1.81M	1.91M	1.41M
(Gain) Loss From Sale Of Asset	-19K	164K	-158K	9.33M	-607K
(Gain) Loss on Sale of Investments - (CF)	-13.68M	-305K	-	-	-
(Income) Loss On Equity Investments - (CF)	977K	-2.32M	-6.2M	-6.45M	-5.46M
Stock-Based Compensation (CF)	-	-	4.87M	5.42M	2.7M
Provision and Write-off of Bad Debts	-	-	-	1.4M	-
Other Operating Activities, Total	154M	-48.8M	-367M	260M	296M
Change In Accounts Receivable	-936M	-1.27B	-378M	-1.77B	-1.58B
Change In Inventories	-973K	-6.6M	-7.43M	-86.72M	48.79M
Change In Accounts Payable	5.92M	-80.93M	204M	1.32B	101M
Change in Unearned Revenues	427M	16.06M	-52.95M	-278M	331M
Change in Other Net Operating Assets	157M	285M	288M	-924M	410M
Cash from Operations	710M	-35.02M	-435M	165M	2.19B
Capital Expenditure	-1.46B	-2.68B	-1.99B	-2.14B	-1.52B
Sale of Property, Plant, and Equipment	21K	231K	52.67M	-	87.51M
Divestitures	-	-1.59M	-	-	-
Sale (Purchase) of Intangible assets	-2.49M	-4.66M	-3.35M	-209K	-3.89M
Investment in Marketable and Equity Securities, Total	-526M	-818M	-11.39M	-402M	-805M
Other Investing Activities, Total	1.68M	3.93M	-2.82M	27.59M	63.07M
Cash from Investing	-1.99B	-3.5B	-1.96B	-2.52B	-2.18B
Short Term Debt Issued, Total	532M	1.6B	4.46B	5.54B	4.41B
Long-Term Debt Issued, Total	-	4.02B	6.52B	2.24B	650M
Total Debt Issued	532M	5.62B	10.98B	7.78B	5.06B
Short Term Debt Repaid, Total	-199M	-1.25B	-4.29B	-4.76B	-5.94B
Long-Term Debt Repaid, Total	-46.41M	-689M	-5.8B	-2.99B	-4.43B
Total Debt Repaid	-245M	-1.94B	-10.08B	-7.75B	-10.37B
Issuance of Common Stock	720M	-	1.9B	2.8B	9B
Common Dividends Paid	-	-500M	-420M	-	-420M
Common & Preferred Stock Dividends Paid	-	-500M	-420M	-	-420M
Other Financing Activities, Total	-	-85K	223K	70K	9.69M
Cash from Financing	1.01B	3.18B	2.38B	2.82B	3.28B
Net Change in Cash	-271M	-349M	-15.24M	472M	3.3B
Supplemental Items
Cash Interest Paid	17.2M	27.32M	100M	168M	177M
Cash Income Tax Paid (Refund)	-58K	238M	219M	-87.21M	4.14M
Levered Free Cash Flow	-1.01B	-2.78B	-2.29B	-2.83B	-87.65M
Unlevered Free Cash Flow	-997M	-2.77B	-2.23B	-2.73B	9.8M
Change In Net Working Capital	267M	956M	255M	2.13B	720M
Net Debt Issued / Repaid	287M	3.68B	897M	24.45M	-5.31B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	10.93	6.33	-3.22	4.34	5.4
Return on Total Capital	12.83	7.94	-3.89	5.15	6.36
Return On Equity %	22.77	20.48	-12.42	11.91	11.04
Return on Common Equity	22.94	20.68	-12.47	12.14	11.04
Margin Analysis
Gross Profit Margin %	40.77	23.99	-17.05	17.29	21.85
SG&A Margin	3.59	3.9	6.53	3.21	2.51
EBITDA Margin %	40.54	23.06	-13.42	21.63	28.53
EBITA Margin %	37.18	20.08	-23.58	14.06	19.34
EBIT Margin %	37.18	20.08	-23.58	14.06	19.34
Income From Continuing Operations Margin %	30.52	16.62	-19.39	9.84	15.57
Net Income Margin %	30.55	16.71	-19.39	10.01	15.57
Net Avail. For Common Margin %	30.55	16.71	-19.39	10.01	15.57
Normalized Net Income Margin	22.57	13.08	-15.14	8.01	12.06
Levered Free Cash Flow Margin	-40.04	-57.78	-79.23	-34.5	-0.91
Unlevered Free Cash Flow Margin	-39.65	-57.48	-77.16	-33.26	0.1
Asset Turnover
Asset Turnover	0.47	0.5	0.22	0.49	0.45
Fixed Assets Turnover	0.76	0.81	0.35	0.82	0.89
Receivables Turnover (Average Receivables)	5.11	2.97	1.19	2.34	1.86
Inventory Turnover (Average Inventory)	1.78K	791.19	291.01	115.7	97.23
Short Term Liquidity
Current Ratio	1.16	1.12	1.26	1.53	3.09
Quick Ratio	0.94	1.05	1.16	1.06	2.52
Operating Cash Flow to Current Liabilities	0.42	-0.01	-0.12	0.03	0.54
Days Sales Outstanding (Average Receivables)	71.67	122.76	307.92	156.21	196.47
Days Outstanding Inventory (Average Inventory)	0.21	0.46	1.25	3.15	3.76
Average Days Payable Outstanding	48.6	46.76	51.91	65.28	91.53
Cash Conversion Cycle (Average Days)	23.28	76.46	257.26	94.08	108.71
Long Term Solvency
Total Debt/Equity	39.89	142.06	142.76	85.86	11.15
Total Debt / Total Capital	28.52	58.69	58.81	46.2	10.04
LT Debt/Equity	29.59	122.11	119.53	61.48	9.66
Long-Term Debt / Total Capital	21.15	50.44	49.24	33.08	8.69
Total Liabilities / Total Assets	41.5	66.08	65.73	54.19	23.88
EBIT / Interest Expense	60.77	41.51	-7.14	7.1	11.99
EBITDA / Interest Expense	70.38	52.86	-2.55	12.07	18.92
(EBITDA - Capex) / Interest Expense	-24.54	-62.03	-23.4	-1.1	9.17
Total Debt / EBITDA	1.52	4.68	-29.15	3.76	0.71
Net Debt / EBITDA	0.95	4.07	-23.28	3.39	-0.66
Total Debt / (EBITDA - Capex)	-4.35	-3.99	-3.18	-41.15	1.46
Net Debt / (EBITDA - Capex)	-2.73	-3.46	-2.54	-37.13	-1.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.56K	169.4	-39.87	183.81	17.67
Gross Profit, 1 Yr. Growth %	3.98K	99.62	-142.73	-387.78	48.73
EBITDA, 1 Yr. Growth %	-1.2K	93.84	-135.01	-557.28	55.22
EBITA, 1 Yr. Growth %	-1.1K	98.03	-170.59	-269.28	61.85
EBIT, 1 Yr. Growth %	-1.1K	98.03	-170.59	-269.28	61.85
Earnings From Cont. Operations, 1 Yr. Growth %	-879.08	95.22	-170.15	-244.07	86.15
Net Income, 1 Yr. Growth %	-962.35	95.81	-169.8	-246.56	82.97
Normalized Net Income, 1 Yr. Growth %	-1.19K	118.31	-169.62	-250.15	77.11
Diluted EPS Before Extra, 1 Yr. Growth %	-898.22	85.88	-167.41	-223.2	59.1
Accounts Receivable, 1 Yr. Growth %	2.34M	128.69	16.78	67.27	35.85
Inventory, 1 Yr. Growth %	277.21	498.41	93.8	564.75	-47.8
Net Property, Plant and Equip., 1 Yr. Growth %	104.16	66.65	25.4	15.87	2.96
Total Assets, 1 Yr. Growth %	92.18	67.88	21.53	29.08	30.84
Tangible Book Value, 1 Yr. Growth %	57.05	8.05	22.86	73.29	117.45
Common Equity, 1 Yr. Growth %	57.14	8.14	22.87	73.11	117.42
Cash From Operations, 1 Yr. Growth %	-1.21K	-104.93	1.14K	-138.04	1.23K
Capital Expenditures, 1 Yr. Growth %	6.28	83.19	-25.51	7.53	-29.11
Levered Free Cash Flow, 1 Yr. Growth %	-26.89	323.25	-17.55	-18.53	-96.91
Unlevered Free Cash Flow, 1 Yr. Growth %	-27.34	327.29	-19.27	-20.08	-100.36
Dividend Per Share, 1 Yr. Growth %	-	-16	-	-	100
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	613.32	27.28	30.64	82.75
Gross Profit, 2 Yr. CAGR %	-	577.42	-7.64	10.9	106.89
EBITDA, 2 Yr. CAGR %	292.26	246.28	-17.62	26.53	166.42
EBITA, 2 Yr. CAGR %	274.76	221.89	18.23	9.31	65.52
EBIT, 2 Yr. CAGR %	274.76	221.89	18.23	9.31	65.52
Earnings From Cont. Operations, 2 Yr. CAGR %	236.54	184.99	17.02	0.53	63.76
Net Income, 2 Yr. CAGR %	236.77	200.43	16.91	1.14	63.76
Normalized Net Income, 2 Yr. CAGR %	266	247.21	23.28	2.24	63.08
Diluted EPS Before Extra, 2 Yr. CAGR %	133.65	181.65	11.94	-8.87	40
Accounts Receivable, 2 Yr. CAGR %	-	23.06K	63.42	39.76	50.74
Inventory, 2 Yr. CAGR %	-	375.11	240.55	258.93	86.29
Net Property, Plant and Equip., 2 Yr. CAGR %	370.5	84.45	44.56	20.54	9.23
Total Assets, 2 Yr. CAGR %	56.99	80.76	42.84	25.25	29.96
Tangible Book Value, 2 Yr. CAGR %	23.23	24.44	15.22	45.92	94.12
Common Equity, 2 Yr. CAGR %	23.27	24.53	15.27	45.84	94
Cash From Operations, 2 Yr. CAGR %	218.62	-26.05	-21.72	117.39	124.54
Capital Expenditures, 2 Yr. CAGR %	113.48	39.53	16.81	-10.5	-12.69
Levered Free Cash Flow, 2 Yr. CAGR %	110.25	42.1	86.81	0.94	-84.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	110.69	41.97	85.73	-0.63	-94.65
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-15.48	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	212.76	66.28	26.16
Gross Profit, 3 Yr. CAGR %	-	-	169.67	34.9	22.3
EBITDA, 3 Yr. CAGR %	264.16	155.86	61.32	45.86	35.45
EBITA, 3 Yr. CAGR %	253.6	143.95	94.11	33.26	24.59
EBIT, 3 Yr. CAGR %	253.6	143.95	94.11	33.26	24.59
Earnings From Cont. Operations, 3 Yr. CAGR %	232.84	127.71	78.6	25.42	23.45
Net Income, 3 Yr. CAGR %	232.96	128.12	84.69	26.06	23.24
Normalized Net Income, 3 Yr. CAGR %	252.07	145.81	103.22	31.66	22.79
Diluted EPS Before Extra, 3 Yr. CAGR %	95.13	75.72	74.87	15.57	9.73
Accounts Receivable, 3 Yr. CAGR %	-	-	3.87K	64.69	38.45
Inventory, 3 Yr. CAGR %	-	-	252.36	325.6	88.76
Net Property, Plant and Equip., 3 Yr. CAGR %	1.24K	232.89	62.19	34.29	14.37
Total Assets, 3 Yr. CAGR %	125.58	61.22	58.35	38.1	27.09
Tangible Book Value, 3 Yr. CAGR %	88.45	14.4	23.91	32.01	66.67
Common Equity, 3 Yr. CAGR %	88.49	14.46	23.98	32	66.61
Cash From Operations, 3 Yr. CAGR %	230.6	-20.59	89.39	-38.46	297.13
Capital Expenditures, 3 Yr. CAGR %	706.81	102.86	13.19	13.64	-17.19
Levered Free Cash Flow, 3 Yr. CAGR %	-	130.27	18.52	62.77	-68.41
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	130.92	17.62	61.59	-84.76
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-15.66	12.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	152.27
Gross Profit, 5 Yr. CAGR %	-	-	-	-	142.54
EBITDA, 5 Yr. CAGR %	-	-	79.05	93.05	97.17
EBITA, 5 Yr. CAGR %	-	-	100.32	76.95	82.13
EBIT, 5 Yr. CAGR %	-	-	100.32	76.95	82.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	93.27	64.19	72.51
Net Income, 5 Yr. CAGR %	-	-	93.27	64.77	76.01
Normalized Net Income, 5 Yr. CAGR %	-	-	102.06	73.07	86.1
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	37.85	35.13	59.99
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	973.1
Inventory, 5 Yr. CAGR %	-	-	-	-	173.06
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	451.06	121.74	38.47
Total Assets, 5 Yr. CAGR %	-	-	88.37	45.73	46.32
Tangible Book Value, 5 Yr. CAGR %	-	-	51.98	26.1	48.29
Common Equity, 5 Yr. CAGR %	-	-	52.03	26.11	48.3
Cash From Operations, 5 Yr. CAGR %	-	-	85.8	18.8	102.74
Capital Expenditures, 5 Yr. CAGR %	-	-	272.44	46.23	2.03
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	65.56	-42.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	64.81	-62.79