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

Hongfa Technology 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	15,584	13,539	12,527	11,233	9,632	7,540
Other Revenue	563.94	563.94	402.32	412.69	390.27	279.45
Revenue	16,148	14,102	12,930	11,646	10,023	7,819
Revenue Growth (YoY)	16.04%	9.07%	11.02%	16.20%	28.18%	10.42%
Cost of Revenue	10,401	9,010	8,187	7,581	6,577	4,961
Gross Profit	5,747	5,092	4,743	4,065	3,446	2,858
Selling, General & Admin	2,162	1,954	1,686	1,487	1,344	1,203
Research & Development	876.98	784.92	673.33	616.3	494.82	380.78
Other Operating Expenses	121.8	5.33	59.57	88.9	75.78	64.1
Operating Expenses	3,143	2,760	2,470	2,196	1,944	1,695
Operating Income	2,604	2,332	2,273	1,869	1,501	1,164
Interest Expense	-43.23	-144.34	-124.38	-117.84	-55.93	-54.66
Interest & Investment Income	30.59	71.21	22.79	47.96	114.01	29.52
Currency Exchange Gain (Loss)	6.62	6.62	55.31	99.66	-56.47	-51.38
Other Non Operating Income (Expenses)	-62.43	-4.73	-15.76	-5.74	-5.33	-7.66
EBT Excluding Unusual Items	2,535	2,261	2,211	1,893	1,497	1,079
Gain (Loss) on Sale of Investments	-4.46	18.55	-108.07	-87.52	0.34	84.29
Gain (Loss) on Sale of Assets	23.64	24.79	1.24	-1.08	0.03	43.84
Asset Writedown	7.49	-3.2	-6.19	-14.95	-6.85	-4.63
Other Unusual Items	220.22	144.49	147.06	119.31	128.53	99.42
Pretax Income	2,782	2,445	2,245	1,908	1,620	1,302
Income Tax Expense	348.68	282.29	326.29	173.53	167.21	173.11
Earnings From Continuing Operations	2,434	2,163	1,918	1,735	1,452	1,129
Minority Interest in Earnings	-602.29	-532.17	-525.45	-484.66	-389.76	-297.12
Net Income	1,831	1,631	1,393	1,250	1,063	832.14
Net Income to Common	1,831	1,631	1,393	1,250	1,063	832.14
Net Income Growth	17.45%	17.09%	11.42%	17.66%	27.69%	18.19%
Shares Outstanding (Basic)	1,464	1,464	1,455	1,459	1,456	1,456
Shares Outstanding (Diluted)	1,511	1,483	1,455	1,459	1,456	1,456
Shares Change (YoY)	3.82%	1.88%	-0.22%	0.16%	0.00%	0.26%
EPS (Basic)	1.25	1.11	0.96	0.86	0.73	0.57
EPS (Diluted)	1.21	1.10	0.96	0.86	0.73	0.57
EPS Growth	13.13%	14.93%	11.67%	17.47%	27.69%	17.89%
Free Cash Flow	1,444	1,077	1,627	93.93	-12.92	42.21
Free Cash Flow Per Share	0.96	0.73	1.12	0.06	-0.01	0.03
Dividend Per Share	0.368	0.368	0.314	0.257	0.219	0.173
Dividend Growth	17.32%	17.32%	21.98%	17.45%	26.17%	17.23%
Gross Margin	35.59%	36.11%	36.68%	34.90%	34.38%	36.56%
Operating Margin	16.13%	16.54%	17.58%	16.05%	14.98%	14.88%
Profit Margin	11.34%	11.56%	10.77%	10.73%	10.60%	10.64%
Free Cash Flow Margin	8.95%	7.64%	12.58%	0.81%	-0.13%	0.54%
EBITDA	3,559	3,229	3,090	2,551	2,044	1,672
EBITDA Margin	22.04%	22.89%	23.90%	21.90%	20.39%	21.38%
D&A For EBITDA	955.47	896.42	817.69	682.04	542.52	508
EBIT	2,604	2,332	2,273	1,869	1,501	1,164
EBIT Margin	16.13%	16.54%	17.58%	16.05%	14.98%	14.88%
Effective Tax Rate	12.53%	11.54%	14.54%	9.09%	10.32%	13.29%
Revenue as Reported	3,233	14,102	12,930	11,646	10,023	7,819

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.