Hongfa Technology 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
Operating Revenue	16,531	13,539	12,527	11,233	9,632
Other Revenue	671.27	563.94	402.32	412.69	390.27
Revenue	17,202	14,102	12,930	11,646	10,023
Revenue Growth (YoY)	21.98%	9.07%	11.02%	16.20%	28.18%
Cost of Revenue	11,314	9,010	8,187	7,581	6,577
Gross Profit	5,889	5,092	4,743	4,065	3,446
Selling, General & Admin	2,282	1,954	1,686	1,487	1,344
Research & Development	913.62	784.92	673.33	616.3	494.82
Other Operating Expenses	64.51	3.65	59.57	88.9	75.78
Operating Expenses	3,291	2,758	2,470	2,196	1,944
Operating Income	2,598	2,334	2,273	1,869	1,501
Interest Expense	-138.83	-144.34	-124.38	-117.84	-55.93
Interest & Investment Income	83.81	71.21	22.79	47.96	114.01
Currency Exchange Gain (Loss)	-8.21	6.62	55.31	99.66	-56.47
Other Non Operating Income (Expenses)	-8.82	-4.73	-15.76	-5.74	-5.33
EBT Excluding Unusual Items	2,526	2,263	2,211	1,893	1,497
Gain (Loss) on Sale of Investments	11.77	18.55	-108.07	-87.52	0.34
Gain (Loss) on Sale of Assets	-1.13	24.79	1.24	-1.08	0.03
Asset Writedown	-6.04	-3.2	-6.19	-14.95	-6.85
Other Unusual Items	158.45	142.81	147.06	119.31	128.53
Pretax Income	2,689	2,445	2,245	1,908	1,620
Income Tax Expense	349.62	282.29	326.29	173.53	167.21
Earnings From Continuing Operations	2,339	2,163	1,918	1,735	1,452
Minority Interest in Earnings	-581.5	-532.17	-525.45	-484.66	-389.76
Net Income	1,758	1,631	1,393	1,250	1,063
Net Income to Common	1,758	1,631	1,393	1,250	1,063
Net Income Growth	7.76%	17.09%	11.42%	17.66%	27.69%
Shares Outstanding (Basic)	1,465	1,456	1,455	1,459	1,456
Shares Outstanding (Diluted)	1,465	1,469	1,455	1,459	1,456
Shares Change (YoY)	-0.33%	0.96%	-0.22%	0.16%	0.00%
EPS (Basic)	1.20	1.12	0.96	0.86	0.73
EPS (Diluted)	1.20	1.11	0.96	0.86	0.73
EPS Growth	8.11%	15.97%	11.67%	17.47%	27.69%
Free Cash Flow	1,786	1,077	1,627	93.93	-12.92
Free Cash Flow Per Share	1.22	0.73	1.12	0.06	-0.01
Dividend Per Share	0.347	0.368	0.314	0.257	0.219
Dividend Growth	-5.68%	17.32%	21.98%	17.45%	26.17%
Gross Margin	34.23%	36.11%	36.68%	34.90%	34.38%
Operating Margin	15.10%	16.55%	17.58%	16.05%	14.98%
Profit Margin	10.22%	11.56%	10.77%	10.73%	10.60%
Free Cash Flow Margin	10.38%	7.64%	12.58%	0.81%	-0.13%
EBITDA	3,573	3,244	3,090	2,551	2,044
EBITDA Margin	20.77%	23.00%	23.90%	21.90%	20.39%
D&A For EBITDA	975.44	909.83	817.69	682.04	542.52
EBIT	2,598	2,334	2,273	1,869	1,501
EBIT Margin	15.10%	16.55%	17.58%	16.05%	14.98%
Effective Tax Rate	13.00%	11.54%	14.54%	9.09%	10.32%
Revenue as Reported	17,202	14,102	12,930	11,646	10,023

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