Hengtong Optic-Electric 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
Period Ending	Sep '25 Sep 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
Operating Revenue	66,676	59,454	46,939	46,132	40,945	31,683
Other Revenue	529.74	529.74	682.84	331.61	325.97	701.33
Revenue	67,205	59,984	47,622	46,464	41,271	32,384
Revenue Growth (YoY)	22.37%	25.96%	2.49%	12.58%	27.44%	1.97%
Cost of Revenue	59,122	52,101	40,395	39,914	34,718	27,128
Gross Profit	8,084	7,883	7,227	6,550	6,553	5,256
Selling, General & Admin	2,931	2,805	2,704	2,644	2,505	2,041
Research & Development	1,698	1,742	1,905	1,648	1,604	1,215
Other Operating Expenses	-225.27	-330.15	-52	172.06	189.4	178.34
Operating Expenses	4,471	4,305	4,637	4,588	4,468	3,476
Operating Income	3,613	3,577	2,590	1,962	2,085	1,779
Interest Expense	-428.77	-485.38	-577.89	-528.02	-753.79	-698.32
Interest & Investment Income	171.03	172.13	195.32	278.16	287.85	107.47
Currency Exchange Gain (Loss)	-30.1	-30.1	100.01	30.96	9.88	-36.46
Other Non Operating Income (Expenses)	-99.58	-98.12	-58.08	-37.58	-7.26	-85.61
EBT Excluding Unusual Items	3,226	3,136	2,249	1,705	1,622	1,066
Impairment of Goodwill	-55.81	-55.81	-40.25	-69.81	-	-
Gain (Loss) on Sale of Investments	-68.57	7.24	-33.17	-168.53	-170.32	-11.72
Gain (Loss) on Sale of Assets	35.17	28.45	-5.91	34.06	8.49	-9.57
Asset Writedown	3.56	-	-56.11	-5.9	-0.03	-
Other Unusual Items	179.87	179.87	271.23	190.89	277.85	294.73
Pretax Income	3,320	3,296	2,385	1,686	1,737	1,340
Income Tax Expense	316.04	325.36	158.49	92.08	159.54	180.93
Earnings From Continuing Operations	3,004	2,970	2,227	1,594	1,578	1,159
Minority Interest in Earnings	-174.14	-201.54	-73.16	-7.84	-141.65	-97.25
Net Income	2,830	2,769	2,154	1,586	1,436	1,062
Net Income to Common	2,830	2,769	2,154	1,586	1,436	1,062
Net Income Growth	6.20%	28.57%	35.77%	10.44%	35.28%	-22.05%
Shares Outstanding (Basic)	2,400	2,429	2,475	2,368	2,355	1,930
Shares Outstanding (Diluted)	2,400	2,429	2,475	2,368	2,355	1,930
Shares Change (YoY)	-2.79%	-1.88%	4.56%	0.55%	21.97%	0.63%
EPS (Basic)	1.18	1.14	0.87	0.67	0.61	0.55
EPS (Diluted)	1.18	1.14	0.87	0.67	0.61	0.55
EPS Growth	9.25%	31.03%	29.85%	9.84%	10.91%	-22.54%
Free Cash Flow	1,287	1,228	-248.46	-1,788	-1,330	94.02
Free Cash Flow Per Share	0.54	0.51	-0.10	-0.76	-0.56	0.05
Dividend Per Share	0.230	0.230	0.150	0.080	0.070	0.060
Dividend Growth	53.33%	53.33%	87.50%	14.29%	16.67%	-25.00%
Gross Margin	12.03%	13.14%	15.18%	14.10%	15.88%	16.23%
Operating Margin	5.38%	5.96%	5.44%	4.22%	5.05%	5.50%
Profit Margin	4.21%	4.62%	4.52%	3.41%	3.48%	3.28%
Free Cash Flow Margin	1.92%	2.05%	-0.52%	-3.85%	-3.22%	0.29%
EBITDA	5,381	5,185	3,986	3,210	3,263	2,948
EBITDA Margin	8.01%	8.64%	8.37%	6.91%	7.91%	9.11%
D&A For EBITDA	1,767	1,608	1,395	1,248	1,179	1,169
EBIT	3,613	3,577	2,590	1,962	2,085	1,779
EBIT Margin	5.38%	5.96%	5.44%	4.22%	5.05%	5.50%
Effective Tax Rate	9.52%	9.87%	6.64%	5.46%	9.18%	13.50%
Revenue as Reported	67,205	59,984	47,622	46,464	41,271	32,384

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