Guangdong HEC Technology Holding Co., Ltd (SHA:600673)

SHA:600673 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	12,828	11,730	10,510	11,320	12,222	10,126
Other Revenue	481.89	469.37	344.14	378.86	580.03	244.42
Revenue	13,310	12,199	10,854	11,699	12,802	10,371
Revenue Growth (YoY)	13.86%	12.40%	-7.22%	-8.62%	23.45%	-29.77%
Cost of Revenue	11,002	10,473	9,693	9,358	10,177	7,301
Gross Profit	2,308	1,726	1,161	2,341	2,625	3,070
Selling, General & Admin	695.23	615.35	808.71	511	1,293	1,779
Research & Development	584.78	514.1	428.67	449.32	489.98	410.16
Other Operating Expenses	59.69	6.16	41.75	88.06	88.63	94.32
Operating Expenses	1,344	1,134	1,230	1,040	1,956	2,324
Operating Income	963.69	592.44	-68.68	1,301	668.47	745.86
Interest Expense	-381.65	-317.95	-336.51	-272.8	-645.72	-776.19
Interest & Investment Income	178.27	119.69	137.44	173.51	670.34	85.13
Currency Exchange Gain (Loss)	19.24	16.02	16.6	50.06	33.03	167.35
Other Non Operating Income (Expenses)	-107.84	-77.87	-89.1	-77.35	-31.72	-45.55
EBT Excluding Unusual Items	671.72	332.34	-340.25	1,174	694.41	176.6
Gain (Loss) on Sale of Investments	87.74	10.72	101.25	274.37	241.99	507.32
Gain (Loss) on Sale of Assets	-5.11	-0.96	-0.09	-21.54	-43.8	-0.49
Asset Writedown	-12.42	-12.17	-133.43	-	-82.58	-16.98
Legal Settlements	-4.96	-4.96	-12.53	-4.64	-4.64	-8.94
Other Unusual Items	77.43	34.16	36.22	65.18	100.83	349.42
Pretax Income	823.22	367.84	-340.53	1,497	921.28	1,015
Income Tax Expense	37.71	-7.05	-1.38	197.88	370.55	215.41
Earnings From Continuing Operations	785.51	374.89	-339.15	1,299	550.73	799.11
Minority Interest in Earnings	-24.31	0.1	44.83	-55.28	323.33	-383.41
Net Income	761.2	374.99	-294.32	1,244	874.06	415.7
Net Income to Common	761.2	374.99	-294.32	1,244	874.06	415.7
Net Income Growth	971.88%	-	-	42.28%	110.26%	-62.63%
Shares Outstanding (Basic)	2,861	2,885	2,943	2,892	3,014	2,969
Shares Outstanding (Diluted)	2,861	2,885	2,943	2,892	3,014	2,969
Shares Change (YoY)	-2.10%	-1.96%	1.76%	-4.04%	1.50%	1.43%
EPS (Basic)	0.27	0.13	-0.10	0.43	0.29	0.14
EPS (Diluted)	0.27	0.13	-0.10	0.43	0.29	0.14
EPS Growth	994.90%	-	-	48.28%	107.14%	-63.16%
Free Cash Flow	-683.4	-576.33	-1,188	-277.5	751.27	-1,122
Free Cash Flow Per Share	-0.24	-0.20	-0.40	-0.10	0.25	-0.38
Dividend Per Share	-	-	0.336	0.270	-	-
Dividend Growth	-	-	24.44%	-	-	-
Gross Margin	17.34%	14.15%	10.70%	20.01%	20.50%	29.60%
Operating Margin	7.24%	4.86%	-0.63%	11.12%	5.22%	7.19%
Profit Margin	5.72%	3.07%	-2.71%	10.63%	6.83%	4.01%
Free Cash Flow Margin	-5.13%	-4.72%	-10.95%	-2.37%	5.87%	-10.82%
EBITDA	1,614	1,200	504.36	1,879	1,507	1,458
EBITDA Margin	12.12%	9.83%	4.65%	16.06%	11.77%	14.06%
D&A For EBITDA	649.96	607.25	573.04	578.54	838.23	712.44
EBIT	963.69	592.44	-68.68	1,301	668.47	745.86
EBIT Margin	7.24%	4.86%	-0.63%	11.12%	5.22%	7.19%
Effective Tax Rate	4.58%	-	-	13.22%	40.22%	21.23%
Revenue as Reported	13,310	12,199	10,854	11,699	12,802	10,371

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