Zhejiang Hangmin Co.,Ltd 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	10,723	11,454	9,653	9,549	9,462
Other Revenue	-	13.46	12.46	21.45	29.58
Revenue	10,723	11,468	9,666	9,570	9,491
Revenue Growth (YoY)	-6.50%	18.65%	1.00%	0.83%	81.38%
Cost of Revenue	9,031	9,904	8,341	8,325	8,216
Gross Profit	1,691	1,564	1,325	1,246	1,275
Selling, General & Admin	373.3	377.63	310.81	285.4	268.38
Research & Development	194.11	181.71	184.18	188.83	174.03
Other Operating Expenses	5.26	1.83	-4.49	13.47	29.76
Operating Expenses	572.66	559.04	494.38	484.55	477.93
Operating Income	1,118	1,005	830.72	761.22	796.8
Interest Expense	-	-58.64	-31.82	-28.15	-28.32
Interest & Investment Income	-	54.23	104.96	107.79	83.14
Currency Exchange Gain (Loss)	-	2.42	0.22	1.21	-0.69
Other Non Operating Income (Expenses)	-18.96	13.92	-4.97	-1.76	-0.93
EBT Excluding Unusual Items	1,099	1,017	899.11	840.3	849.99
Impairment of Goodwill	-	-	-	-	-0.36
Gain (Loss) on Sale of Investments	-100.19	-71.16	-18.06	-13.97	-8.09
Gain (Loss) on Sale of Assets	0.09	1.97	-0.32	12.47	-6.69
Asset Writedown	-16.06	-	-	-	-
Other Unusual Items	-	22.99	9.38	16.05	34.69
Pretax Income	983.27	970.59	890.1	854.84	869.55
Income Tax Expense	140.86	141.56	115.21	110.49	112.27
Earnings From Continuing Operations	842.41	829.03	774.89	744.35	757.28
Minority Interest in Earnings	-107.59	-109.32	-89.72	-86.34	-90.68
Net Income	734.82	719.71	685.17	658.01	666.61
Net Income to Common	734.82	719.71	685.17	658.01	666.61
Net Income Growth	2.10%	5.04%	4.13%	-1.29%	10.87%
Shares Outstanding (Basic)	1,021	1,045	1,054	1,044	1,075
Shares Outstanding (Diluted)	1,021	1,045	1,054	1,044	1,075
Shares Change (YoY)	-2.33%	-0.87%	0.92%	-2.86%	0.14%
EPS (Basic)	0.72	0.69	0.65	0.63	0.62
EPS (Diluted)	0.72	0.69	0.65	0.63	0.62
EPS Growth	4.54%	5.96%	3.17%	1.61%	10.71%
Free Cash Flow	769.37	1,097	551.99	659.46	348.12
Free Cash Flow Per Share	0.75	1.05	0.52	0.63	0.32
Dividend Per Share	-	0.300	0.300	0.300	0.300
Dividend Growth	-	-	-	-	50.00%
Gross Margin	15.77%	13.64%	13.71%	13.02%	13.43%
Operating Margin	10.43%	8.76%	8.60%	7.95%	8.39%
Profit Margin	6.85%	6.28%	7.09%	6.88%	7.02%
Free Cash Flow Margin	7.17%	9.56%	5.71%	6.89%	3.67%
EBITDA	1,375	1,282	1,094	1,024	1,060
EBITDA Margin	12.82%	11.18%	11.32%	10.70%	11.16%
D&A For EBITDA	256.63	276.77	263.39	262.99	262.93
EBIT	1,118	1,005	830.72	761.22	796.8
EBIT Margin	10.43%	8.76%	8.60%	7.95%	8.39%
Effective Tax Rate	14.33%	14.59%	12.94%	12.93%	12.91%
Revenue as Reported	-	11,468	9,666	9,570	9,491

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