Hangcha Group 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	Sep '26 Sep 30, 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	18,599	17,446	16,495	16,054	13,662	13,452
Other Revenue	292.16	292.16	254.37	244.2	750.72	1,038
Revenue	18,891	17,739	16,750	16,299	14,412	14,490
Revenue Growth	5.73%	5.91%	2.77%	13.09%	-0.53%	26.53%
Cost of Revenue	13,882	13,385	12,825	12,933	11,863	12,266
Gross Profit	5,009	4,353	3,924	3,366	2,549	2,224
Selling, General & Admin	1,562	1,362	1,164	932.39	764.03	712.22
Research & Development	971.97	858.95	817.49	739.84	657.8	601.93
Other Operating Expenses	51.95	31.04	-92.1	-19.35	55.69	42.25
Operating Expenses	2,636	2,288	1,957	1,680	1,513	1,380
Operating Income	2,373	2,065	1,967	1,686	1,037	844.49
Interest Expense	-46.15	-43.04	-47.44	-51.83	-87.66	-57.3
Interest & Investment Income	409.07	500.05	448.12	360.13	179.56	282.97
Currency Exchange Gain (Loss)	13.16	13.16	27.1	54.86	24.8	-15.59
Other Non Operating Income (Expenses)	-191.66	-7.54	-10.58	-7.87	-2.97	-4.78
EBT Excluding Unusual Items	2,557	2,528	2,385	2,041	1,150	1,050
Gain (Loss) on Sale of Investments	-1.62	0.71	1.28	-0	-14.06	-2.26
Gain (Loss) on Sale of Assets	-5.13	0.3	2.38	4.49	2.7	-0.72
Asset Writedown	-14.9	-	-	-	-	-
Other Unusual Items	67.28	70.4	71.2	41.41	40.7	36.26
Pretax Income	2,603	2,599	2,459	2,087	1,180	1,083
Income Tax Expense	280.35	281.47	282.97	258.25	106.13	91.96
Earnings From Continuing Operations	2,323	2,318	2,177	1,829	1,073	991.11
Minority Interest in Earnings	-94.35	-126.32	-163.65	-113.2	-86.14	-82.64
Net Income	2,228	2,191	2,013	1,716	987.35	908.47
Net Income to Common	2,228	2,191	2,013	1,716	987.35	908.47
Net Income Growth	1.76%	8.87%	17.33%	73.76%	8.68%	8.42%
Shares Outstanding (Basic)	1,311	1,312	1,307	1,290	1,213	1,211
Shares Outstanding (Diluted)	1,311	1,312	1,307	1,310	1,257	1,211
Shares Change	0.60%	0.39%	-0.20%	4.21%	3.74%	0.16%
EPS (Basic)	1.70	1.67	1.54	1.33	0.81	0.75
EPS (Diluted)	1.70	1.67	1.54	1.31	0.79	0.75
EPS Growth	1.16%	8.44%	17.56%	66.73%	4.76%	8.24%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	1,142	1,132	907.99	1,037	361.81	-336.04
Free Cash Flow Per Share	0.87	0.86	0.69	0.79	0.29	-0.28
Dividend Per Share	0.400	0.600	0.500	0.357	0.286	0.286
Dividend Growth	-42.86%	20.00%	40.02%	24.99%	0%	0%
Gross Margin	26.52%	24.54%	23.43%	20.65%	17.69%	15.35%
Operating Margin	12.56%	11.64%	11.75%	10.34%	7.19%	5.83%
Profit Margin	11.79%	12.35%	12.02%	10.53%	6.85%	6.27%
Free Cash Flow Margin	6.04%	6.38%	5.42%	6.36%	2.51%	-2.32%
EBITDA	2,825	2,479	2,329	1,995	1,263	1,045
EBITDA Margin	14.96%	13.97%	13.90%	12.24%	8.76%	7.21%
D&A For EBITDA	452.54	413.47	361.36	308.85	226.48	200.65
EBIT	2,373	2,065	1,967	1,686	1,037	844.49
EBIT Margin	12.56%	11.64%	11.75%	10.34%	7.19%	5.83%
Effective Tax Rate	10.77%	10.83%	11.51%	12.37%	9.00%	8.49%
Revenue as Reported	18,891	17,739	16,750	16,299	14,412	14,490
Advertising Expenses	-	55	39.43	37.38	21.85	16.65