Hengxin Technology Ltd. (HKG:1085)

Hengxin Technology 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,427	2,520	2,256	2,040	1,626	1,139
Revenue Growth (YoY)	5.40%	11.71%	10.61%	25.45%	42.69%	-20.25%
Cost of Revenue	1,982	2,053	1,821	1,664	1,329	878.58
Gross Profit	444.42	467.31	434.7	375.53	296.56	260.76
Selling, General & Admin	214.24	231	180.21	179	150.57	132.62
Other Operating Expenses	135.45	117.74	96.15	105.95	69.63	78.31
Operating Expenses	365.12	355.78	302.98	284.95	223.56	210.93
Operating Income	79.3	111.53	131.72	90.58	72.99	49.83
Interest Expense	-58.73	-51.47	-30.99	-11.88	-7.14	-12.96
Interest & Investment Income	30.89	34.02	22.51	14.42	13.57	21.25
Earnings From Equity Investments	0.02	0.02	0.01	-	-	-
Currency Exchange Gain (Loss)	1.83	2.81	10.68	17	-5.71	14.5
EBT Excluding Unusual Items	53.31	96.91	133.92	110.11	73.72	72.62
Gain (Loss) on Sale of Investments	1.65	1.65	-2.53	-32.36	-	-
Gain (Loss) on Sale of Assets	-0.72	-0.72	-	-	-	0.11
Asset Writedown	-9.12	-9.12	-5.86	-0.8	-0.06	-0.12
Pretax Income	45.13	88.72	125.53	76.95	73.66	72.6
Income Tax Expense	76.27	15.4	21.36	8.87	10.73	12.18
Earnings From Continuing Operations	-31.14	73.32	104.18	68.08	62.92	60.43
Minority Interest in Earnings	-23.68	-31.13	-34.47	-4.48	8.38	0.87
Net Income	-54.82	42.19	69.7	63.6	71.3	61.3
Net Income to Common	-54.82	42.19	69.7	63.6	71.3	61.3
Net Income Growth	-	-39.47%	9.59%	-10.80%	16.32%	-45.98%
Shares Outstanding (Basic)	464	437	388	388	388	388
Shares Outstanding (Diluted)	464	437	388	388	388	388
Shares Change (YoY)	16.57%	12.59%	-	-	-	-
EPS (Basic)	-0.12	0.10	0.18	0.16	0.18	0.16
EPS (Diluted)	-0.12	0.10	0.18	0.16	0.18	0.16
EPS Growth	-	-46.24%	9.59%	-10.80%	16.32%	-45.98%
Free Cash Flow	-	4.27	297.36	403.91	-333.43	358.59
Free Cash Flow Per Share	-	0.01	0.77	1.04	-0.86	0.92
Dividend Per Share	-	-	-	-	-	0.016
Dividend Growth	-	-	-	-	-	-45.89%
Gross Margin	18.31%	18.54%	19.27%	18.41%	18.24%	22.89%
Operating Margin	3.27%	4.43%	5.84%	4.44%	4.49%	4.37%
Profit Margin	-2.26%	1.67%	3.09%	3.12%	4.39%	5.38%
Free Cash Flow Margin	-	0.17%	13.18%	19.80%	-20.51%	31.47%
EBITDA	162.57	193.35	210.67	121.99	90.4	75.68
EBITDA Margin	6.70%	7.67%	9.34%	5.98%	5.56%	6.64%
D&A For EBITDA	83.26	81.82	78.95	31.41	17.41	25.85
EBIT	79.3	111.53	131.72	90.58	72.99	49.83
EBIT Margin	3.27%	4.43%	5.84%	4.44%	4.49%	4.37%
Effective Tax Rate	169.00%	17.36%	17.01%	11.53%	14.57%	16.77%

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