Huitongda Network Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2020
Revenue	51,545	60,059	82,433	82,106	65,763	49,629	Upgrade
Revenue Growth (YoY)	-28.32%	-27.14%	0.40%	24.85%	32.51%	13.74%	Upgrade
Cost of Revenue	49,249	57,750	79,693	79,518	63,895	48,285	Upgrade
Gross Profit	2,297	2,309	2,740	2,588	1,868	1,345	Upgrade
Selling, General & Admin	1,316	1,440	1,755	1,758	1,253	1,025	Upgrade
Research & Development	58.05	67.07	93.5	113.23	78.55	58.28	Upgrade
Other Operating Expenses	-42.48	-54.9	5.96	30.19	-57.18	-25.33	Upgrade
Operating Expenses	1,701	1,757	2,129	2,122	1,365	1,058	Upgrade
Operating Income	595.46	552.27	610.75	466.5	503.4	286.95	Upgrade
Interest Expense	-228.95	-242.16	-259.46	-286.55	-879.29	-704.88	Upgrade
Interest & Investment Income	119.98	163.95	263.3	225.87	166.31	101.01	Upgrade
Earnings From Equity Investments	-7.23	-0.48	-0.83	0.08	-1.82	-1.41	Upgrade
Currency Exchange Gain (Loss)	-0.06	-0.15	35.66	151.24	-2.4	-	Upgrade
EBT Excluding Unusual Items	479.2	473.43	649.42	557.13	-213.8	-318.33	Upgrade
Gain (Loss) on Sale of Investments	76.45	69.63	171.17	151.22	136.85	113.24	Upgrade
Gain (Loss) on Sale of Assets	-15.64	-12.93	-19.35	-54.31	0.84	6.58	Upgrade
Asset Writedown	-9.48	-10.89	-4.22	-	-	-	Upgrade
Pretax Income	530.54	519.23	797.02	654.04	-76.12	-198.52	Upgrade
Income Tax Expense	59.44	57.46	99.72	96.23	100.93	81.47	Upgrade
Earnings From Continuing Operations	471.1	461.77	697.3	557.82	-177.05	-279.99	Upgrade
Minority Interest in Earnings	-187.84	-192.03	-249.02	-241.44	-172.83	-125.3	Upgrade
Net Income	283.26	269.74	448.28	316.38	-349.88	-405.29	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-16.73	-130.32	-162.15	Upgrade
Net Income to Common	283.26	269.74	448.28	333.11	-219.56	-243.14	Upgrade
Net Income Growth	-13.70%	-39.83%	41.69%	-	-	-	Upgrade
Shares Outstanding (Basic)	554	554	562	531	319	291	Upgrade
Shares Outstanding (Diluted)	554	554	562	531	319	291	Upgrade
Shares Change (YoY)	-0.66%	-1.30%	5.81%	66.32%	9.51%	-	Upgrade
EPS (Basic)	0.51	0.49	0.80	0.63	-0.69	-0.83	Upgrade
EPS (Diluted)	0.50	0.49	0.80	0.63	-0.69	-0.83	Upgrade
EPS Growth	-15.08%	-39.05%	27.23%	-	-	-	Upgrade
Free Cash Flow	410.98	247.4	437.85	206.48	792.52	444.69	Upgrade
Free Cash Flow Per Share	0.74	0.45	0.78	0.39	2.48	1.53	Upgrade
Gross Margin	4.46%	3.84%	3.32%	3.15%	2.84%	2.71%	Upgrade
Operating Margin	1.16%	0.92%	0.74%	0.57%	0.77%	0.58%	Upgrade
Profit Margin	0.55%	0.45%	0.54%	0.41%	-0.33%	-0.49%	Upgrade
Free Cash Flow Margin	0.80%	0.41%	0.53%	0.25%	1.21%	0.90%	Upgrade
EBITDA	622.77	578.47	633.29	485.18	524.36	306.03	Upgrade
EBITDA Margin	1.21%	0.96%	0.77%	0.59%	0.80%	0.62%	Upgrade
D&A For EBITDA	27.31	26.21	22.54	18.68	20.96	19.08	Upgrade
EBIT	595.46	552.27	610.75	466.5	503.4	286.95	Upgrade
EBIT Margin	1.16%	0.92%	0.74%	0.57%	0.77%	0.58%	Upgrade
Effective Tax Rate	11.20%	11.07%	12.51%	14.71%	-	-	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.