Hefei Conver Holding 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	1,221	1,066	758.1	623.25	412.98	289.18
Other Revenue	9.03	9.03	6.49	5.07	4.21	3.78
Revenue	1,230	1,075	764.59	628.32	417.2	292.96
Revenue Growth (YoY)	30.79%	40.59%	21.69%	50.60%	42.41%	8.18%
Cost of Revenue	900.49	760.03	507.67	385.14	297.37	210.06
Gross Profit	329.28	314.88	256.92	243.18	119.82	82.9
Selling, General & Admin	86.29	73.66	51.6	42.06	31.04	22.94
Research & Development	52.2	47.44	32.49	23.07	15.2	11.4
Other Operating Expenses	0.15	-5.68	2.69	4.03	3.09	1.92
Operating Expenses	143.66	121.64	89.41	70.72	52.65	38.57
Operating Income	185.62	193.24	167.5	172.46	67.17	44.33
Interest Expense	-4.06	-3.93	-2.43	-2.76	-3.7	-3.02
Interest & Investment Income	0.87	0.53	1.18	1.18	0.24	0.12
Other Non Operating Income (Expenses)	0.1	0.58	0.18	-0.18	-0.29	-0.12
EBT Excluding Unusual Items	182.53	190.42	166.43	170.7	63.43	41.32
Gain (Loss) on Sale of Investments	3.53	-	-	-	-	-
Gain (Loss) on Sale of Assets	0.49	0.11	0.17	-0.07	-	0.2
Asset Writedown	-0.55	-0.03	-0	-0.05	-0.32	-0.03
Other Unusual Items	2.97	2.97	8.54	7.14	3.92	9.94
Pretax Income	188.96	193.47	175.14	177.72	67.03	51.43
Income Tax Expense	24.08	25.05	22.15	15.68	10.25	6.65
Earnings From Continuing Operations	164.88	168.42	152.99	162.05	56.78	44.79
Minority Interest in Earnings	-1.09	-0.49	-0.63	0.09	0.13	-1.07
Net Income	163.78	167.93	152.36	162.14	56.91	43.72
Net Income to Common	163.78	167.93	152.36	162.14	56.91	43.72
Net Income Growth	2.15%	10.22%	-6.03%	184.90%	30.18%	19.25%
Shares Outstanding (Basic)	113	94	95	94	95	95
Shares Outstanding (Diluted)	113	94	95	94	95	95
Shares Change (YoY)	19.04%	-0.31%	0.39%	-0.62%	-0.19%	1.10%
EPS (Basic)	1.45	1.78	1.61	1.72	0.60	0.46
EPS (Diluted)	1.45	1.78	1.61	1.72	0.60	0.46
EPS Growth	-14.19%	10.56%	-6.40%	186.67%	30.44%	17.95%
Free Cash Flow	42.82	-91.36	-43.4	75.84	3.94	10.85
Free Cash Flow Per Share	0.38	-0.97	-0.46	0.81	0.04	0.11
Gross Margin	26.78%	29.29%	33.60%	38.70%	28.72%	28.30%
Operating Margin	15.09%	17.98%	21.91%	27.45%	16.10%	15.13%
Profit Margin	13.32%	15.62%	19.93%	25.80%	13.64%	14.92%
Free Cash Flow Margin	3.48%	-8.50%	-5.68%	12.07%	0.94%	3.70%
EBITDA	226.05	228.5	195.87	191.79	81.44	56.83
EBITDA Margin	18.38%	21.26%	25.62%	30.52%	19.52%	19.40%
D&A For EBITDA	40.43	35.26	28.36	19.33	14.27	12.49
EBIT	185.62	193.24	167.5	172.46	67.17	44.33
EBIT Margin	15.09%	17.98%	21.91%	27.45%	16.10%	15.13%
Effective Tax Rate	12.75%	12.95%	12.65%	8.82%	15.29%	12.92%
Revenue as Reported	1,230	1,075	764.59	628.32	417.2	292.96

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