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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	9,804	10,707	11,454	9,653	9,549	9,462
Other Revenue	15.75	15.75	13.46	12.46	21.45	29.58
Revenue	9,820	10,723	11,468	9,666	9,570	9,491
Revenue Growth (YoY)	-13.02%	-6.50%	18.65%	1.00%	0.83%	81.38%
Cost of Revenue	8,441	9,046	9,904	8,341	8,325	8,216
Gross Profit	1,379	1,677	1,564	1,325	1,246	1,275
Selling, General & Admin	384.04	373.3	377.63	310.81	285.4	268.38
Research & Development	193.93	194.11	181.71	184.18	188.83	174.03
Other Operating Expenses	21.51	16.22	1.83	-4.49	13.47	29.76
Operating Expenses	603.15	587.29	559.04	494.38	484.55	477.93
Operating Income	775.91	1,090	1,005	830.72	761.22	796.8
Interest Expense	-57.14	-57.14	-58.64	-31.82	-28.15	-28.32
Interest & Investment Income	49.67	49.67	54.23	104.96	107.79	83.14
Currency Exchange Gain (Loss)	-2.34	-2.34	2.42	0.22	1.21	-0.69
Other Non Operating Income (Expenses)	11.53	-2.73	13.92	-4.97	-1.76	-0.93
EBT Excluding Unusual Items	777.63	1,077	1,017	899.11	840.3	849.99
Impairment of Goodwill	-1.85	-1.85	-	-	-	-0.36
Gain (Loss) on Sale of Investments	205.23	-100.19	-71.16	-18.06	-13.97	-8.09
Gain (Loss) on Sale of Assets	-0.7	-0.89	1.97	-0.32	12.47	-6.69
Other Unusual Items	9.19	9.19	22.99	9.38	16.05	34.69
Pretax Income	989.51	983.27	970.59	890.1	854.84	869.55
Income Tax Expense	144.11	140.86	141.56	115.21	110.49	112.27
Earnings From Continuing Operations	845.39	842.41	829.03	774.89	744.35	757.28
Minority Interest in Earnings	-107.65	-107.59	-109.32	-89.72	-86.34	-90.68
Net Income	737.74	734.82	719.71	685.17	658.01	666.61
Net Income to Common	737.74	734.82	719.71	685.17	658.01	666.61
Net Income Growth	1.39%	2.10%	5.04%	4.13%	-1.29%	10.87%
Shares Outstanding (Basic)	1,020	1,021	1,043	1,054	1,044	1,075
Shares Outstanding (Diluted)	1,020	1,021	1,043	1,054	1,044	1,075
Shares Change (YoY)	-1.54%	-2.15%	-1.05%	0.92%	-2.86%	0.14%
EPS (Basic)	0.72	0.72	0.69	0.65	0.63	0.62
EPS (Diluted)	0.72	0.72	0.69	0.65	0.63	0.62
EPS Growth	2.97%	4.35%	6.15%	3.17%	1.61%	10.71%
Free Cash Flow	391.59	769.37	1,097	551.99	659.46	348.12
Free Cash Flow Per Share	0.38	0.75	1.05	0.52	0.63	0.32
Dividend Per Share	0.350	0.350	0.300	0.300	0.300	0.300
Dividend Growth	16.67%	16.67%	-	-	-	50.00%
Gross Margin	14.04%	15.64%	13.64%	13.71%	13.02%	13.43%
Operating Margin	7.90%	10.16%	8.76%	8.60%	7.95%	8.39%
Profit Margin	7.51%	6.85%	6.28%	7.09%	6.88%	7.02%
Free Cash Flow Margin	3.99%	7.17%	9.56%	5.71%	6.89%	3.67%
EBITDA	1,023	1,342	1,283	1,094	1,024	1,060
EBITDA Margin	10.41%	12.52%	11.19%	11.32%	10.70%	11.16%
D&A For EBITDA	246.72	252.95	277.86	263.39	262.99	262.93
EBIT	775.91	1,090	1,005	830.72	761.22	796.8
EBIT Margin	7.90%	10.16%	8.76%	8.60%	7.95%	8.39%
Effective Tax Rate	14.56%	14.33%	14.59%	12.94%	12.93%	12.91%
Revenue as Reported	10,723	10,723	11,468	9,666	9,570	9,491

Source: S&P Global Market Intelligence. Standard template. Financial Sources.