Huitongda Network 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	52,297	60,059	82,433	82,106	65,763
Revenue Growth (YoY)	-12.92%	-27.14%	0.40%	24.85%	32.51%
Cost of Revenue	49,966	57,750	79,693	79,518	63,895
Gross Profit	2,332	2,309	2,740	2,588	1,868
Selling, General & Admin	1,290	1,440	1,755	1,758	1,253
Research & Development	59.79	67.07	93.5	113.23	78.55
Other Operating Expenses	-33.95	-54.9	5.96	30.19	-57.18
Operating Expenses	1,680	1,757	2,129	2,122	1,365
Operating Income	651.16	552.27	610.75	466.5	503.4
Interest Expense	-190.52	-242.16	-259.46	-286.55	-879.29
Interest & Investment Income	108.81	163.95	263.3	225.87	166.31
Earnings From Equity Investments	-0.61	-0.48	-0.83	0.08	-1.82
Currency Exchange Gain (Loss)	-0.27	-0.15	35.66	151.24	-2.4
EBT Excluding Unusual Items	568.57	473.43	649.42	557.13	-213.8
Gain (Loss) on Sale of Investments	67.94	69.63	171.17	151.22	136.85
Gain (Loss) on Sale of Assets	-15.49	-12.93	-19.35	-54.31	0.84
Asset Writedown	-11.32	-10.89	-4.22	-	-
Pretax Income	609.71	519.23	797.02	654.04	-76.12
Income Tax Expense	80.35	57.46	99.72	96.23	100.93
Earnings From Continuing Operations	529.36	461.77	697.3	557.82	-177.05
Minority Interest in Earnings	-229.06	-192.03	-249.02	-241.44	-172.83
Net Income	300.29	269.74	448.28	316.38	-349.88
Preferred Dividends & Other Adjustments	-	-	-	-16.73	-130.32
Net Income to Common	300.29	269.74	448.28	333.11	-219.56
Net Income Growth	11.33%	-39.83%	41.69%	-	-
Shares Outstanding (Basic)	554	554	562	531	319
Shares Outstanding (Diluted)	554	554	562	531	319
Shares Change (YoY)	-0.05%	-1.30%	5.81%	66.32%	9.51%
EPS (Basic)	0.54	0.49	0.80	0.63	-0.69
EPS (Diluted)	0.54	0.49	0.80	0.63	-0.69
EPS Growth	10.99%	-39.05%	27.23%	-	-
Free Cash Flow	418.97	247.4	437.85	206.48	792.52
Free Cash Flow Per Share	0.76	0.45	0.78	0.39	2.48
Gross Margin	4.46%	3.84%	3.32%	3.15%	2.84%
Operating Margin	1.24%	0.92%	0.74%	0.57%	0.77%
Profit Margin	0.57%	0.45%	0.54%	0.41%	-0.33%
Free Cash Flow Margin	0.80%	0.41%	0.53%	0.25%	1.21%
EBITDA	677.73	578.47	633.29	485.18	524.36
EBITDA Margin	1.30%	0.96%	0.77%	0.59%	0.80%
D&A For EBITDA	26.57	26.21	22.54	18.68	20.96
EBIT	651.16	552.27	610.75	466.5	503.4
EBIT Margin	1.24%	0.92%	0.74%	0.57%	0.77%
Effective Tax Rate	13.18%	11.07%	12.51%	14.71%	-

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