Hsino Tower Group 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	9,663	9,897	9,025	8,395	6,758	5,877
Other Revenue	241.37	241.37	269.85	375.7	404.49	229.98
Revenue	9,904	10,139	9,295	8,771	7,162	6,107
Revenue Growth (YoY)	-3.79%	9.07%	5.98%	22.46%	17.29%	-23.69%
Cost of Revenue	8,842	9,277	8,634	8,114	6,439	4,891
Gross Profit	1,062	861.74	661.05	657.2	723.68	1,216
Selling, General & Admin	422.56	412.19	364.74	328.07	289.29	210.75
Research & Development	119.24	121.33	94.4	67.33	52.17	50.58
Other Operating Expenses	45.17	41.9	34.04	39.2	7.82	42.72
Operating Expenses	625.25	577.43	503.96	437	363.47	324.96
Operating Income	436.38	284.32	157.09	220.21	360.21	890.94
Interest Expense	-13.99	-14.11	-20.56	-44.13	-73.18	-153.8
Interest & Investment Income	19.76	14.57	6.67	3.81	7.74	5.26
Currency Exchange Gain (Loss)	4.43	4.43	3.87	11.25	-0.78	-1.58
Other Non Operating Income (Expenses)	-21.92	-15.38	-8.65	-6.81	-13.84	0.65
EBT Excluding Unusual Items	424.66	273.83	138.42	184.32	280.14	741.47
Gain (Loss) on Sale of Investments	2.14	5.22	-9.11	-21.66	-9.54	-2.23
Gain (Loss) on Sale of Assets	-0.7	-0.73	-3.94	-2.26	-2.82	-2.53
Asset Writedown	-25.23	-10.53	-	-	-	-
Other Unusual Items	23.72	23.72	24.03	32.88	-1.21	-4.37
Pretax Income	424.59	291.5	149.4	193.28	266.57	732.35
Income Tax Expense	89.97	61.38	25.36	27.53	55.1	201.25
Earnings From Continuing Operations	334.62	230.12	124.04	165.75	211.47	531.09
Minority Interest in Earnings	-	-	-	-	-4.52	-9.17
Net Income	334.62	230.12	124.04	165.75	206.94	521.93
Net Income to Common	334.62	230.12	124.04	165.75	206.94	521.93
Net Income Growth	56.69%	85.52%	-25.16%	-19.91%	-60.35%	97.86%
Shares Outstanding (Basic)	2,675	2,676	2,007	2,007	1,992	1,066
Shares Outstanding (Diluted)	2,675	2,676	2,007	2,007	1,992	1,066
Shares Change (YoY)	6.52%	33.32%	0.02%	0.75%	86.88%	-58.75%
EPS (Basic)	0.13	0.09	0.06	0.08	0.10	0.49
EPS (Diluted)	0.13	0.09	0.06	0.08	0.10	0.49
EPS Growth	47.10%	39.16%	-25.18%	-20.50%	-78.78%	379.63%
Free Cash Flow	491.16	684.36	832.43	589.12	264.02	1,135
Free Cash Flow Per Share	0.18	0.26	0.41	0.29	0.13	1.06
Dividend Per Share	0.040	0.028	0.014	-	-	-
Dividend Growth	57.92%	98.13%	-	-	-	-
Gross Margin	10.72%	8.50%	7.11%	7.49%	10.10%	19.91%
Operating Margin	4.41%	2.80%	1.69%	2.51%	5.03%	14.59%
Profit Margin	3.38%	2.27%	1.33%	1.89%	2.89%	8.55%
Free Cash Flow Margin	4.96%	6.75%	8.96%	6.72%	3.69%	18.58%
EBITDA	519.19	368.09	242.15	300.7	438.6	967.96
EBITDA Margin	5.24%	3.63%	2.60%	3.43%	6.12%	15.85%
D&A For EBITDA	82.81	83.77	85.06	80.5	78.39	77.02
EBIT	436.38	284.32	157.09	220.21	360.21	890.94
EBIT Margin	4.41%	2.80%	1.69%	2.51%	5.03%	14.59%
Effective Tax Rate	21.19%	21.06%	16.98%	14.24%	20.67%	27.48%
Revenue as Reported	9,904	10,139	9,295	8,771	7,162	6,107
Advertising Expenses	-	78.79	40.42	23.19	4.73	2.69

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