Zhejiang Hangmin Co.,Ltd Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	10,913	11,454	9,653	9,549	9,462	5,215
Other Revenue	13.46	13.46	12.46	21.45	29.58	18.11
Revenue	10,927	11,468	9,666	9,570	9,491	5,233
Revenue Growth (YoY)	-0.76%	18.65%	1.00%	0.83%	81.38%	-21.83%
Cost of Revenue	9,222	9,904	8,341	8,325	8,216	4,177
Gross Profit	1,704	1,564	1,325	1,246	1,275	1,056
Selling, General & Admin	398.29	377.63	310.81	285.4	268.38	216.82
Research & Development	185.01	181.71	184.18	188.83	174.03	138.87
Other Operating Expenses	13.57	1.83	-4.49	13.47	29.76	26.32
Operating Expenses	601.61	559.04	494.38	484.55	477.93	378.95
Operating Income	1,103	1,005	830.72	761.22	796.8	677.12
Interest Expense	-52.7	-58.64	-31.82	-28.15	-28.32	-26.56
Interest & Investment Income	54.92	54.23	104.96	107.79	83.14	75.24
Currency Exchange Gain (Loss)	2.42	2.42	0.22	1.21	-0.69	-0.24
Other Non Operating Income (Expenses)	8.24	13.92	-4.97	-1.76	-0.93	-0.57
EBT Excluding Unusual Items	1,116	1,017	899.11	840.3	849.99	724.98
Impairment of Goodwill	-	-	-	-	-0.36	-
Gain (Loss) on Sale of Investments	-169.64	-71.16	-18.06	-13.97	-8.09	38.31
Gain (Loss) on Sale of Assets	2.74	1.97	-0.32	12.47	-6.69	-0.54
Other Unusual Items	22.99	22.99	9.38	16.05	34.69	27.76
Pretax Income	971.82	970.59	890.1	854.84	869.55	790.51
Income Tax Expense	137.87	141.56	115.21	110.49	112.27	117.14
Earnings From Continuing Operations	833.95	829.03	774.89	744.35	757.28	673.37
Minority Interest in Earnings	-106.7	-109.32	-89.72	-86.34	-90.68	-72.14
Net Income	727.25	719.71	685.17	658.01	666.61	601.23
Net Income to Common	727.25	719.71	685.17	658.01	666.61	601.23
Net Income Growth	2.61%	5.04%	4.13%	-1.29%	10.87%	-18.42%
Shares Outstanding (Basic)	1,022	1,045	1,054	1,044	1,075	1,074
Shares Outstanding (Diluted)	1,022	1,045	1,054	1,044	1,075	1,074
Shares Change (YoY)	-3.13%	-0.87%	0.92%	-2.86%	0.14%	-0.94%
EPS (Basic)	0.71	0.69	0.65	0.63	0.62	0.56
EPS (Diluted)	0.71	0.69	0.65	0.63	0.62	0.56
EPS Growth	5.92%	5.96%	3.17%	1.61%	10.71%	-17.65%
Free Cash Flow	935.66	1,097	551.99	659.46	348.12	837.02
Free Cash Flow Per Share	0.92	1.05	0.52	0.63	0.32	0.78
Dividend Per Share	0.400	0.300	0.300	0.300	0.300	0.200
Dividend Growth	33.33%	-	-	-	50.00%	-9.09%
Gross Margin	15.60%	13.64%	13.71%	13.02%	13.43%	20.18%
Operating Margin	10.09%	8.76%	8.60%	7.95%	8.39%	12.94%
Profit Margin	6.66%	6.28%	7.09%	6.88%	7.02%	11.49%
Free Cash Flow Margin	8.56%	9.56%	5.71%	6.89%	3.67%	16.00%
EBITDA	1,390	1,282	1,094	1,024	1,060	934.27
EBITDA Margin	12.72%	11.18%	11.32%	10.70%	11.16%	17.85%
D&A For EBITDA	286.8	276.77	263.39	262.99	262.93	257.14
EBIT	1,103	1,005	830.72	761.22	796.8	677.12
EBIT Margin	10.09%	8.76%	8.60%	7.95%	8.39%	12.94%
Effective Tax Rate	14.19%	14.59%	12.94%	12.93%	12.91%	14.82%
Revenue as Reported	10,927	11,468	9,666	9,570	9,491	5,233

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