Shenzhen HQVT Technology Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	856.45	668.52	522.57	117.06
Revenue Growth	-	27.93%	346.40%	-
Cost of Revenue	684.89	519.13	424.4	102.76
Gross Profit	171.56	149.39	98.17	14.31
Selling, General & Admin	78.01	62.44	27.81	27.26
Research & Development	70.32	50.79	25.15	11.08
Other Operating Expenses	-0.12	-2.52	-2.32	-2.73
Operating Expenses	154.11	116.62	55.68	36.65
Operating Income	17.45	32.77	42.49	-22.35
Interest Expense	-5.47	-3.57	-0.9	-2.94
Interest & Investment Income	2.01	2.12	1.37	3.02
Currency Exchange Gain (Loss)	-0.73	0.03	0.01	0.02
Other Non Operating Income (Expenses)	-0.87	-0.88	-0.49	-0.71
EBT Excluding Unusual Items	12.38	30.48	42.48	-22.96
Gain (Loss) on Sale of Assets	1.77	-3.79	-0.02	-0.17
Other Unusual Items	0.01	0.8	-0.01	0.27
Pretax Income	14.16	27.49	42.46	-22.85
Income Tax Expense	-12.69	-1.86	2.05	-4.44
Net Income	26.85	29.35	40.41	-18.41
Net Income to Common	26.85	29.35	40.41	-18.41
Net Income Growth	-	-27.36%	-	-
Shares Outstanding (Basic)	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8
Shares Change	-	5.84%	0.53%	-
EPS (Basic)	3.18	3.49	5.09	-2.33
EPS (Diluted)	3.18	3.49	5.09	-2.33
EPS Growth	-	-31.37%	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-176.81	-207.67	-40.48	46.81
Free Cash Flow Per Share	-20.96	-24.70	-5.09	5.92
Gross Margin	20.03%	22.35%	18.79%	12.22%
Operating Margin	2.04%	4.90%	8.13%	-19.09%
Profit Margin	3.14%	4.39%	7.73%	-15.73%
Free Cash Flow Margin	-20.64%	-31.06%	-7.75%	39.98%
EBITDA	24.61	38.75	47.73	-17.02
EBITDA Margin	2.87%	5.80%	9.13%	-14.54%
D&A For EBITDA	7.16	5.97	5.23	5.33
EBIT	17.45	32.77	42.49	-22.35
EBIT Margin	2.04%	4.90%	8.13%	-19.09%
Effective Tax Rate	-	-	4.82%	-