Huaqin Technology 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	167,054	104,771	82,799	89,610	80,304
Other Revenue	4,383	5,107	2,540	3,036	3,454
Revenue	171,437	109,878	85,338	92,646	83,759
Revenue Growth (YoY)	56.03%	28.75%	-7.89%	10.61%	39.91%
Cost of Revenue	157,940	99,748	75,896	83,595	77,306
Gross Profit	13,496	10,130	9,443	9,051	6,453
Selling, General & Admin	3,398	2,579	2,432	2,235	1,823
Research & Development	6,270	5,086	4,481	4,985	3,567
Other Operating Expenses	401.49	317.11	255.04	165.93	123.77
Operating Expenses	10,080	7,977	7,213	7,412	5,514
Operating Income	3,417	2,153	2,230	1,638	938.33
Interest Expense	-308.36	-244.09	-270.33	-222.08	-110.13
Interest & Investment Income	659.36	740.46	373.13	213.02	159.19
Currency Exchange Gain (Loss)	-14.87	73.39	-39.08	282.74	0.18
Other Non Operating Income (Expenses)	14.99	41.46	38.19	51.47	79.55
EBT Excluding Unusual Items	3,768	2,764	2,332	1,964	1,067
Impairment of Goodwill	-26.78	-	-	-	-
Gain (Loss) on Sale of Investments	196.96	-225.05	162.95	185.18	582.73
Gain (Loss) on Sale of Assets	-0.58	-1.03	-14.36	-9.71	-1.7
Asset Writedown	-1.89	-0.32	-0.1	-	-0.37
Other Unusual Items	513.32	496.7	353.23	661	399.65
Pretax Income	4,449	3,034	2,834	2,800	2,047
Income Tax Expense	344.36	120.71	178.21	307.5	172.42
Earnings From Continuing Operations	4,105	2,914	2,655	2,493	1,875
Minority Interest in Earnings	-50.24	12.59	51.44	71.16	17.84
Net Income	4,054	2,926	2,707	2,564	1,893
Net Income to Common	4,054	2,926	2,707	2,564	1,893
Net Income Growth	38.55%	8.10%	5.59%	35.44%	-13.63%
Shares Outstanding (Basic)	1,009	1,013	953	913	913
Shares Outstanding (Diluted)	1,009	1,013	953	913	913
Shares Change (YoY)	-0.40%	6.23%	4.45%	-0.00%	3.36%
EPS (Basic)	4.02	2.89	2.84	2.81	2.07
EPS (Diluted)	4.02	2.89	2.84	2.81	2.07
EPS Growth	39.10%	1.76%	1.09%	35.45%	-16.43%
Free Cash Flow	-3,655	-691.17	2,385	202.3	-1,115
Free Cash Flow Per Share	-3.62	-0.68	2.50	0.22	-1.22
Dividend Per Share	1.200	0.900	0.857	-	-
Dividend Growth	33.33%	5.00%	-	-	-
Gross Margin	7.87%	9.22%	11.06%	9.77%	7.70%
Operating Margin	1.99%	1.96%	2.61%	1.77%	1.12%
Profit Margin	2.37%	2.66%	3.17%	2.77%	2.26%
Free Cash Flow Margin	-2.13%	-0.63%	2.79%	0.22%	-1.33%
EBITDA	4,731	3,212	3,163	2,379	1,414
EBITDA Margin	2.76%	2.92%	3.71%	2.57%	1.69%
D&A For EBITDA	1,314	1,059	933.44	741.09	475.89
EBIT	3,417	2,153	2,230	1,638	938.33
EBIT Margin	1.99%	1.96%	2.61%	1.77%	1.12%
Effective Tax Rate	7.74%	3.98%	6.29%	10.98%	8.42%
Revenue as Reported	171,437	109,878	85,338	92,646	-

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