Huadian Heavy Industries 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	10,535	10,408	7,518	7,153	8,186	10,306
Other Revenue	18.47	18.47	22.74	21.62	20.41	23.07
Revenue	10,553	10,426	7,541	7,174	8,206	10,329
Revenue Growth (YoY)	35.94%	38.26%	5.11%	-12.57%	-20.55%	15.97%
Cost of Revenue	9,442	9,349	6,695	6,384	7,156	9,400
Gross Profit	1,112	1,077	846.64	790.61	1,050	928.56
Selling, General & Admin	557.88	536.15	504.74	456.92	422.75	379.29
Research & Development	279.83	298.72	221.59	241.07	236.42	189.49
Other Operating Expenses	7.06	10.14	13.46	26.57	27.39	44.67
Operating Expenses	873.77	874.01	734.19	702.56	667.77	614.33
Operating Income	238.06	203.4	112.45	88.05	382.11	314.23
Interest Expense	-4.37	-4.37	-6.46	-19.01	-25.96	-27.99
Interest & Investment Income	6.42	6.42	10.31	15.85	25.91	31.67
Currency Exchange Gain (Loss)	-1.78	-1.78	-0.21	-1.72	0.41	0.5
Other Non Operating Income (Expenses)	-20.43	-16.51	-11.48	-5.81	-13.28	-9.17
EBT Excluding Unusual Items	217.9	187.16	104.61	77.36	369.2	309.23
Gain (Loss) on Sale of Investments	-0.06	-0.06	0.04	-0.07	0.03	-0.38
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.19	-0.02	0.32	0.25
Asset Writedown	-12.31	-12.31	20.06	13.3	-	26.96
Other Unusual Items	4.04	4.04	32.65	20.27	8.1	10.12
Pretax Income	209.57	178.83	157.18	110.83	377.65	346.18
Income Tax Expense	28.55	27.64	39.18	12.12	67.74	42.27
Earnings From Continuing Operations	181.02	151.19	118	98.71	309.91	303.91
Minority Interest in Earnings	5.87	5.52	-2.83	-1.2	0.03	-0.65
Net Income	186.89	156.71	115.18	97.52	309.94	303.26
Net Income to Common	186.89	156.71	115.18	97.52	309.94	303.26
Net Income Growth	43.85%	36.06%	18.11%	-68.54%	2.20%	213.60%
Shares Outstanding (Basic)	1,165	1,166	1,160	1,162	1,159	1,155
Shares Outstanding (Diluted)	1,165	1,166	1,162	1,162	1,167	1,157
Shares Change (YoY)	0.29%	0.33%	-0.01%	-0.40%	0.82%	0.18%
EPS (Basic)	0.16	0.13	0.10	0.08	0.27	0.26
EPS (Diluted)	0.16	0.13	0.10	0.08	0.27	0.26
EPS Growth	43.43%	35.62%	18.12%	-68.41%	1.37%	213.02%
Free Cash Flow	-487.75	-751.62	255.38	406.98	129.42	397.7
Free Cash Flow Per Share	-0.42	-0.65	0.22	0.35	0.11	0.34
Dividend Per Share	0.048	0.048	0.034	0.026	0.100	0.085
Dividend Growth	41.05%	41.05%	30.89%	-74.00%	17.65%	226.92%
Gross Margin	10.54%	10.33%	11.23%	11.02%	12.79%	8.99%
Operating Margin	2.26%	1.95%	1.49%	1.23%	4.66%	3.04%
Profit Margin	1.77%	1.50%	1.53%	1.36%	3.78%	2.94%
Free Cash Flow Margin	-4.62%	-7.21%	3.39%	5.67%	1.58%	3.85%
EBITDA	353.55	317.74	222.2	194.54	478.37	393.04
EBITDA Margin	3.35%	3.05%	2.95%	2.71%	5.83%	3.81%
D&A For EBITDA	115.48	114.34	109.75	106.49	96.26	78.81
EBIT	238.06	203.4	112.45	88.05	382.11	314.23
EBIT Margin	2.26%	1.95%	1.49%	1.23%	4.66%	3.04%
Effective Tax Rate	13.62%	15.46%	24.92%	10.94%	17.94%	12.21%
Revenue as Reported	10,426	10,426	7,541	7,174	8,206	10,329

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