Huaqin Technology 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	157,642	104,771	82,799	89,610	80,304	58,280
Other Revenue	5,107	5,107	2,540	3,036	3,454	1,586
Revenue	162,750	109,878	85,338	92,646	83,759	59,866
Revenue Growth (YoY)	68.72%	28.75%	-7.89%	10.61%	39.91%	69.59%
Cost of Revenue	149,901	99,748	75,896	83,595	77,306	53,980
Gross Profit	12,849	10,130	9,443	9,051	6,453	5,885
Selling, General & Admin	3,100	2,509	2,366	2,235	1,823	1,236
Research & Development	6,040	5,156	4,548	4,985	3,567	2,402
Other Operating Expenses	442.01	317.11	255.04	165.93	123.77	55.23
Operating Expenses	9,594	7,977	7,213	7,412	5,514	3,700
Operating Income	3,255	2,153	2,230	1,638	938.33	2,186
Interest Expense	-299.28	-244.09	-270.33	-222.08	-110.13	-148.62
Interest & Investment Income	816.78	740.46	373.13	213.02	159.19	327.57
Currency Exchange Gain (Loss)	73.39	73.39	-39.08	282.74	0.18	-297.06
Other Non Operating Income (Expenses)	-32.23	29.11	38.19	51.47	79.55	32.85
EBT Excluding Unusual Items	3,814	2,752	2,332	1,964	1,067	2,100
Gain (Loss) on Sale of Investments	117.25	-225.05	162.95	185.18	582.73	208.96
Gain (Loss) on Sale of Assets	1.36	-1.03	-14.36	-9.71	-1.7	-4.02
Asset Writedown	-80.87	-0.32	-0.1	-	-0.37	-1.26
Other Unusual Items	509.04	509.04	353.23	661	399.65	169.56
Pretax Income	4,360	3,034	2,834	2,800	2,047	2,474
Income Tax Expense	365.14	120.71	178.21	307.5	172.42	282.85
Earnings From Continuing Operations	3,995	2,914	2,655	2,493	1,875	2,191
Minority Interest in Earnings	-20.17	12.59	51.44	71.16	17.84	0.77
Net Income	3,975	2,926	2,707	2,564	1,893	2,191
Net Income to Common	3,975	2,926	2,707	2,564	1,893	2,191
Net Income Growth	43.37%	8.10%	5.59%	35.44%	-13.63%	333.60%
Shares Outstanding (Basic)	1,008	1,013	953	913	913	883
Shares Outstanding (Diluted)	1,008	1,013	953	913	913	883
Shares Change (YoY)	-1.26%	6.23%	4.45%	-0.00%	3.36%	-
EPS (Basic)	3.94	2.89	2.84	2.81	2.07	2.48
EPS (Diluted)	3.94	2.89	2.84	2.81	2.07	2.48
EPS Growth	45.19%	1.76%	1.09%	35.45%	-16.43%	-
Free Cash Flow	-3,824	-691.17	2,385	202.3	-1,115	319.65
Free Cash Flow Per Share	-3.79	-0.68	2.50	0.22	-1.22	0.36
Dividend Per Share	0.900	0.900	0.857	-	-	-
Dividend Growth	5.00%	5.00%	-	-	-	-
Gross Margin	7.90%	9.22%	11.06%	9.77%	7.70%	9.83%
Operating Margin	2.00%	1.96%	2.61%	1.77%	1.12%	3.65%
Profit Margin	2.44%	2.66%	3.17%	2.77%	2.26%	3.66%
Free Cash Flow Margin	-2.35%	-0.63%	2.79%	0.22%	-1.33%	0.53%
EBITDA	4,298	3,149	3,163	2,379	1,414	2,474
EBITDA Margin	2.64%	2.87%	3.71%	2.57%	1.69%	4.13%
D&A For EBITDA	1,043	996.14	933.44	741.09	475.89	288.37
EBIT	3,255	2,153	2,230	1,638	938.33	2,186
EBIT Margin	2.00%	1.96%	2.61%	1.77%	1.12%	3.65%
Effective Tax Rate	8.37%	3.98%	6.29%	10.98%	8.42%	11.43%
Revenue as Reported	162,750	109,878	85,338	92,646	-	-

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