Hengxin Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,247	2,520	2,256	2,040	1,626
Revenue Growth (YoY)	-10.82%	11.71%	10.61%	25.45%	42.69%
Cost of Revenue	1,785	2,053	1,821	1,664	1,329
Gross Profit	462.67	467.31	434.7	375.53	296.56
Selling, General & Admin	222.35	231	180.21	179	150.57
Other Operating Expenses	139.22	116.91	96.15	105.95	69.63
Operating Expenses	381.93	354.96	302.98	284.95	223.56
Operating Income	80.74	112.35	131.72	90.58	72.99
Interest Expense	-57.45	-51.47	-30.99	-11.88	-7.14
Interest & Investment Income	25.58	34.02	22.51	14.42	13.57
Earnings From Equity Investments	-	0.02	0.01	-	-
Currency Exchange Gain (Loss)	-	2.81	10.68	17	-5.71
EBT Excluding Unusual Items	48.86	97.73	133.92	110.11	73.72
Gain (Loss) on Sale of Investments	3	0.83	-2.53	-32.36	-
Gain (Loss) on Sale of Assets	-	-0.72	-	-	-
Asset Writedown	-0.18	-9.12	-5.86	-0.8	-0.06
Pretax Income	51.68	88.72	125.53	76.95	73.66
Income Tax Expense	94.18	15.4	21.36	8.87	10.73
Earnings From Continuing Operations	-42.5	73.32	104.18	68.08	62.92
Minority Interest in Earnings	0.08	-31.13	-34.47	-4.48	8.38
Net Income	-42.43	42.19	69.7	63.6	71.3
Net Income to Common	-42.43	42.19	69.7	63.6	71.3
Net Income Growth	-	-39.47%	9.59%	-10.80%	16.32%
Shares Outstanding (Basic)	437	437	388	388	388
Shares Outstanding (Diluted)	437	437	388	388	388
Shares Change (YoY)	-	12.59%	-	-	-
EPS (Basic)	-0.10	0.10	0.18	0.16	0.18
EPS (Diluted)	-0.10	0.10	0.18	0.16	0.18
EPS Growth	-	-46.24%	9.59%	-10.80%	16.32%
Free Cash Flow	-	4.27	297.36	403.91	-333.43
Free Cash Flow Per Share	-	0.01	0.77	1.04	-0.86
Gross Margin	20.59%	18.54%	19.27%	18.41%	18.24%
Operating Margin	3.59%	4.46%	5.84%	4.44%	4.49%
Profit Margin	-1.89%	1.67%	3.09%	3.12%	4.39%
Free Cash Flow Margin	-	0.17%	13.18%	19.80%	-20.51%
EBITDA	162.56	194.17	210.67	121.99	90.4
EBITDA Margin	7.23%	7.70%	9.34%	5.98%	5.56%
D&A For EBITDA	81.82	81.82	78.95	31.41	17.41
EBIT	80.74	112.35	131.72	90.58	72.99
EBIT Margin	3.59%	4.46%	5.84%	4.44%	4.49%
Effective Tax Rate	182.25%	17.36%	17.01%	11.53%	14.57%

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