Hangcha 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	2015 - 2019
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	2015 - 2019
Operating Revenue	17,349	16,232	16,054	13,662	13,452	11,253	Upgrade
Other Revenue	254.3	254.3	244.2	750.72	1,038	198.45	Upgrade
Revenue	17,603	16,486	16,299	14,412	14,490	11,452	Upgrade
Revenue Growth (YoY)	5.95%	1.15%	13.09%	-0.53%	26.53%	29.34%	Upgrade
Cost of Revenue	13,438	12,643	12,933	11,863	12,266	9,490	Upgrade
Gross Profit	4,165	3,842	3,366	2,549	2,224	1,962	Upgrade
Selling, General & Admin	1,254	1,122	932.39	764.03	712.22	606.02	Upgrade
Research & Development	787.68	774.18	739.84	657.8	601.93	537.5	Upgrade
Other Operating Expenses	-13.62	-93.4	-19.35	55.69	42.25	52.68	Upgrade
Operating Expenses	2,074	1,875	1,680	1,513	1,380	1,216	Upgrade
Operating Income	2,091	1,968	1,686	1,037	844.49	746.11	Upgrade
Interest Expense	-26.14	-35.9	-51.83	-87.66	-57.3	-4.35	Upgrade
Interest & Investment Income	482.38	446.4	360.13	179.56	282.97	270.4	Upgrade
Currency Exchange Gain (Loss)	26.27	26.27	54.86	24.8	-15.59	-35.97	Upgrade
Other Non Operating Income (Expenses)	3.44	-10.12	-7.87	-2.97	-4.78	0.76	Upgrade
EBT Excluding Unusual Items	2,577	2,394	2,041	1,150	1,050	976.96	Upgrade
Gain (Loss) on Sale of Investments	0.21	-0.36	-0	-14.06	-2.26	6.93	Upgrade
Gain (Loss) on Sale of Assets	1.53	2.31	4.49	2.7	-0.72	4.83	Upgrade
Asset Writedown	8.17	-	-	-	-	-	Upgrade
Other Unusual Items	47.44	47.44	41.41	40.7	36.26	37.66	Upgrade
Pretax Income	2,634	2,444	2,087	1,180	1,083	1,026	Upgrade
Income Tax Expense	301.32	282.82	258.25	106.13	91.96	98.58	Upgrade
Earnings From Continuing Operations	2,333	2,161	1,829	1,073	991.11	927.8	Upgrade
Minority Interest in Earnings	-133.91	-138.89	-113.2	-86.14	-82.64	-89.88	Upgrade
Net Income	2,199	2,022	1,716	987.35	908.47	837.93	Upgrade
Net Income to Common	2,199	2,022	1,716	987.35	908.47	837.93	Upgrade
Net Income Growth	10.28%	17.86%	73.76%	8.68%	8.42%	29.99%	Upgrade
Shares Outstanding (Basic)	1,309	1,313	1,290	1,213	1,211	1,209	Upgrade
Shares Outstanding (Diluted)	1,309	1,313	1,310	1,257	1,211	1,209	Upgrade
Shares Change (YoY)	-1.65%	0.26%	4.21%	3.74%	0.16%	-0.83%	Upgrade
EPS (Basic)	1.68	1.54	1.33	0.81	0.75	0.69	Upgrade
EPS (Diluted)	1.68	1.54	1.31	0.79	0.75	0.69	Upgrade
EPS Growth	12.12%	17.56%	66.73%	4.76%	8.24%	31.08%	Upgrade
Free Cash Flow	796.45	884.78	1,037	361.81	-336.04	744.06	Upgrade
Free Cash Flow Per Share	0.61	0.67	0.79	0.29	-0.28	0.61	Upgrade
Dividend Per Share	0.500	0.500	0.357	0.286	0.286	0.286	Upgrade
Dividend Growth	40.02%	40.02%	24.99%	-	-	59.97%	Upgrade
Gross Margin	23.66%	23.31%	20.65%	17.69%	15.35%	17.13%	Upgrade
Operating Margin	11.88%	11.94%	10.34%	7.19%	5.83%	6.51%	Upgrade
Profit Margin	12.49%	12.26%	10.53%	6.85%	6.27%	7.32%	Upgrade
Free Cash Flow Margin	4.52%	5.37%	6.36%	2.51%	-2.32%	6.50%	Upgrade
EBITDA	2,465	2,314	1,995	1,263	1,045	922.05	Upgrade
EBITDA Margin	14.01%	14.04%	12.24%	8.76%	7.21%	8.05%	Upgrade
D&A For EBITDA	374.7	346.48	308.85	226.48	200.65	175.94	Upgrade
EBIT	2,091	1,968	1,686	1,037	844.49	746.11	Upgrade
EBIT Margin	11.88%	11.94%	10.34%	7.19%	5.83%	6.51%	Upgrade
Effective Tax Rate	11.44%	11.57%	12.37%	9.00%	8.49%	9.60%	Upgrade
Revenue as Reported	17,603	16,486	16,299	14,412	14,490	11,452	Upgrade
Advertising Expenses	-	38.9	37.38	21.85	16.65	18.26	Upgrade

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