China Hongqiao Group 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	162,354	156,169	133,624	131,699	114,491
Revenue Growth (YoY)	3.96%	16.87%	1.46%	15.03%	32.91%
Cost of Revenue	121,573	114,267	112,787	113,544	84,128
Gross Profit	40,781	41,901	20,837	18,156	30,363
Selling, General & Admin	5,018	5,654	5,708	6,531	6,234
Other Operating Expenses	-	1.8	0.62	0.08	0.76
Operating Expenses	5,018	5,656	5,709	6,531	6,235
Operating Income	35,763	36,246	15,128	11,624	24,128
Interest Expense	-3,483	-3,363	-3,268	-3,018	-3,626
Interest & Investment Income	1,435	1,258	1,023	701.02	730.98
Earnings From Equity Investments	2,629	1,758	1,193	503.34	61.52
Currency Exchange Gain (Loss)	-	-	-	-	393.89
Other Non Operating Income (Expenses)	-2,870	70.09	2,541	2,977	2,264
EBT Excluding Unusual Items	33,474	35,969	16,618	12,788	23,953
Merger & Restructuring Charges	-	-	-	-0.09	-
Impairment of Goodwill	-80.42	-	-	-	-
Gain (Loss) on Sale of Investments	-	-636.57	21.05	-	-116.81
Gain (Loss) on Sale of Assets	69.44	100.44	69.94	22.78	-
Asset Writedown	-416.74	-2,635	-818.4	-224.84	-1,389
Other Unusual Items	-	-	-	20.52	107.1
Pretax Income	33,046	32,797	15,890	12,607	22,554
Income Tax Expense	8,893	8,252	3,393	2,798	5,705
Earnings From Continuing Operations	24,154	24,546	12,498	9,809	16,849
Minority Interest in Earnings	-1,518	-2,173	-1,037	-1,107	-775.46
Net Income	22,636	22,372	11,461	8,702	16,073
Net Income to Common	22,636	22,372	11,461	8,702	16,073
Net Income Growth	1.18%	95.21%	31.70%	-45.86%	53.14%
Shares Outstanding (Basic)	9,494	9,476	9,476	9,299	9,071
Shares Outstanding (Diluted)	9,494	9,476	9,801	9,299	9,656
Shares Change (YoY)	0.19%	-3.32%	5.39%	-3.69%	12.33%
EPS (Basic)	2.38	2.36	1.21	0.94	1.77
EPS (Diluted)	2.38	2.36	1.20	0.94	1.71
EPS Growth	0.98%	97.55%	27.72%	-45.34%	40.20%
Free Cash Flow	-	21,374	16,356	-1,227	22,650
Free Cash Flow Per Share	-	2.26	1.67	-0.13	2.35
Dividend Per Share	1.483	1.513	0.372	0.451	0.855
Dividend Growth	-1.99%	306.52%	-17.50%	-47.26%	56.29%
Gross Margin	25.12%	26.83%	15.59%	13.79%	26.52%
Operating Margin	22.03%	23.21%	11.32%	8.83%	21.07%
Profit Margin	13.94%	14.33%	8.58%	6.61%	14.04%
Free Cash Flow Margin	-	13.69%	12.24%	-0.93%	19.78%
EBITDA	42,046	42,529	22,088	18,396	30,653
EBITDA Margin	25.90%	27.23%	16.53%	13.97%	26.77%
D&A For EBITDA	6,283	6,283	6,960	6,772	6,524
EBIT	35,763	36,246	15,128	11,624	24,128
EBIT Margin	22.03%	23.21%	11.32%	8.83%	21.07%
Effective Tax Rate	26.91%	25.16%	21.35%	22.19%	25.30%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.