Hongfa Technology Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	19,090	16,531	13,539	12,527	11,233	9,632
Other Revenue	787.37	671.27	563.94	402.32	412.69	390.27
Revenue	19,877	17,202	14,102	12,930	11,646	10,023
Revenue Growth	30.61%	21.98%	9.07%	11.02%	16.20%	28.18%
Cost of Revenue	13,293	11,314	9,010	8,187	7,581	6,577
Gross Profit	6,585	5,889	5,092	4,743	4,065	3,446
Selling, General & Admin	2,514	2,282	1,954	1,686	1,487	1,344
Research & Development	1,015	913.62	784.92	673.33	616.3	494.82
Other Operating Expenses	153.05	64.51	3.65	59.57	88.9	75.78
Operating Expenses	3,746	3,291	2,758	2,470	2,196	1,944
Operating Income	2,838	2,598	2,334	2,273	1,869	1,501
Interest Expense	-91.5	-138.83	-144.34	-124.38	-117.84	-55.93
Interest & Investment Income	109.57	83.81	71.21	22.79	47.96	114.01
Currency Exchange Gain (Loss)	-153.21	-8.21	6.62	55.31	99.66	-56.47
Other Non Operating Income (Expenses)	-8.05	-8.82	-4.73	-15.76	-5.74	-5.33
EBT Excluding Unusual Items	2,695	2,526	2,263	2,211	1,893	1,497
Gain (Loss) on Sale of Investments	10.39	11.77	18.55	-108.07	-87.52	0.34
Gain (Loss) on Sale of Assets	-0.81	-1.13	24.79	1.24	-1.08	0.03
Asset Writedown	-3.48	-6.04	-3.2	-6.19	-14.95	-6.85
Other Unusual Items	231	158.45	142.81	147.06	119.31	128.53
Pretax Income	2,932	2,689	2,445	2,245	1,908	1,620
Income Tax Expense	356.58	349.62	282.29	326.29	173.53	167.21
Earnings From Continuing Operations	2,576	2,339	2,163	1,918	1,735	1,452
Minority Interest in Earnings	-626.27	-581.5	-532.17	-525.45	-484.66	-389.76
Net Income	1,949	1,758	1,631	1,393	1,250	1,063
Net Income to Common	1,949	1,758	1,631	1,393	1,250	1,063
Net Income Growth	11.34%	7.76%	17.09%	11.42%	17.66%	27.69%
Shares Outstanding (Basic)	1,509	1,465	1,456	1,455	1,459	1,456
Shares Outstanding (Diluted)	1,509	1,465	1,469	1,455	1,459	1,456
Shares Change	1.37%	-0.33%	0.96%	-0.22%	0.16%	0.00%
EPS (Basic)	1.29	1.20	1.12	0.96	0.86	0.73
EPS (Diluted)	1.29	1.20	1.11	0.96	0.86	0.73
EPS Growth	9.83%	8.11%	15.97%	11.67%	17.47%	27.69%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	900.45	1,786	1,077	1,627	93.93	-12.92
Free Cash Flow Per Share	0.60	1.22	0.73	1.12	0.06	-0.01
Dividend Per Share	0.347	0.347	0.368	0.314	0.257	0.219
Dividend Growth	-5.68%	-5.68%	17.32%	21.98%	17.45%	26.17%
Gross Margin	33.13%	34.23%	36.11%	36.68%	34.90%	34.38%
Operating Margin	14.28%	15.10%	16.55%	17.58%	16.05%	14.98%
Profit Margin	9.81%	10.22%	11.56%	10.77%	10.73%	10.60%
Free Cash Flow Margin	4.53%	10.38%	7.64%	12.58%	0.81%	-0.13%
EBITDA	3,846	3,573	3,244	3,090	2,551	2,044
EBITDA Margin	19.35%	20.77%	23.00%	23.90%	21.90%	20.39%
D&A For EBITDA	1,008	975.44	909.83	817.69	682.04	542.52
EBIT	2,838	2,598	2,334	2,273	1,869	1,501
EBIT Margin	14.28%	15.10%	16.55%	17.58%	16.05%	14.98%
Effective Tax Rate	12.16%	13.00%	11.54%	14.54%	9.09%	10.32%
Revenue as Reported	19,877	17,202	14,102	12,930	11,646	10,023