Hongfa Technology Co., Ltd. (SHA:600885)

Hongfa Technology Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	13,539	12,527	11,233	9,632	7,540
Other Revenue	563.94	402.32	412.69	390.27	279.45
Revenue	14,102	12,930	11,646	10,023	7,819
Revenue Growth (YoY)	9.07%	11.02%	16.20%	28.18%	10.42%
Cost of Revenue	9,010	8,187	7,581	6,577	4,961
Gross Profit	5,092	4,743	4,065	3,446	2,858
Selling, General & Admin	1,954	1,686	1,487	1,344	1,203
Research & Development	784.92	673.33	616.3	494.82	380.78
Other Operating Expenses	5.33	59.57	88.9	75.78	64.1
Operating Expenses	2,760	2,470	2,196	1,944	1,695
Operating Income	2,332	2,273	1,869	1,501	1,164
Interest Expense	-144.34	-124.38	-117.84	-55.93	-54.66
Interest & Investment Income	71.21	22.79	47.96	114.01	29.52
Currency Exchange Gain (Loss)	6.62	55.31	99.66	-56.47	-51.38
Other Non Operating Income (Expenses)	-4.73	-15.76	-5.74	-5.33	-7.66
EBT Excluding Unusual Items	2,261	2,211	1,893	1,497	1,079
Gain (Loss) on Sale of Investments	18.55	-108.07	-87.52	0.34	84.29
Gain (Loss) on Sale of Assets	24.79	1.24	-1.08	0.03	43.84
Asset Writedown	-3.2	-6.19	-14.95	-6.85	-4.63
Other Unusual Items	144.49	147.06	119.31	128.53	99.42
Pretax Income	2,445	2,245	1,908	1,620	1,302
Income Tax Expense	282.29	326.29	173.53	167.21	173.11
Earnings From Continuing Operations	2,163	1,918	1,735	1,452	1,129
Minority Interest in Earnings	-532.17	-525.45	-484.66	-389.76	-297.12
Net Income	1,631	1,393	1,250	1,063	832.14
Net Income to Common	1,631	1,393	1,250	1,063	832.14
Net Income Growth	17.09%	11.42%	17.66%	27.69%	18.19%
Shares Outstanding (Basic)	1,046	1,040	1,042	1,040	1,040
Shares Outstanding (Diluted)	1,059	1,040	1,042	1,040	1,040
Shares Change (YoY)	1.88%	-0.22%	0.15%	0.01%	0.26%
EPS (Basic)	1.56	1.34	1.20	1.02	0.80
EPS (Diluted)	1.54	1.34	1.20	1.02	0.80
EPS Growth	14.92%	11.67%	17.49%	27.68%	17.89%
Free Cash Flow	1,077	1,627	93.93	-12.92	42.21
Free Cash Flow Per Share	1.02	1.56	0.09	-0.01	0.04
Dividend Per Share	0.515	0.439	0.360	0.306	0.243
Dividend Growth	17.31%	21.94%	17.49%	26.14%	17.29%
Gross Margin	36.11%	36.68%	34.90%	34.38%	36.56%
Operating Margin	16.54%	17.58%	16.05%	14.98%	14.88%
Profit Margin	11.56%	10.77%	10.73%	10.60%	10.64%
Free Cash Flow Margin	7.64%	12.58%	0.81%	-0.13%	0.54%
EBITDA	3,229	3,090	2,551	2,044	1,672
EBITDA Margin	22.89%	23.90%	21.90%	20.39%	21.38%
D&A For EBITDA	896.42	817.69	682.04	542.52	508
EBIT	2,332	2,273	1,869	1,501	1,164
EBIT Margin	16.54%	17.58%	16.05%	14.98%	14.88%
Effective Tax Rate	11.54%	14.54%	9.09%	10.32%	13.29%
Revenue as Reported	14,102	12,930	11,646	10,023	7,819

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.