Hefei Conver Holding 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	1,235	1,066	758.1	623.25	412.98
Other Revenue	-	9.03	6.49	5.07	4.21
Revenue	1,235	1,075	764.59	628.32	417.2
Revenue Growth (YoY)	14.90%	40.59%	21.69%	50.60%	42.41%
Cost of Revenue	921.01	760.03	507.67	385.14	297.37
Gross Profit	314.07	314.88	256.92	243.18	119.82
Selling, General & Admin	89.46	73.66	51.6	42.06	31.04
Research & Development	58.82	47.44	32.49	23.07	15.2
Other Operating Expenses	-4.89	-5.68	2.69	4.03	3.09
Operating Expenses	143.38	121.64	89.41	70.72	52.65
Operating Income	170.69	193.24	167.5	172.46	67.17
Interest Expense	-	-3.93	-2.43	-2.76	-3.7
Interest & Investment Income	1.07	0.53	1.18	1.18	0.24
Other Non Operating Income (Expenses)	-1.25	0.58	0.18	-0.18	-0.29
EBT Excluding Unusual Items	170.51	190.42	166.43	170.7	63.43
Gain (Loss) on Sale of Investments	3.59	-	-	-	-
Gain (Loss) on Sale of Assets	0.5	0.11	0.17	-0.07	-
Asset Writedown	-1.77	-0.03	-0	-0.05	-0.32
Other Unusual Items	-	2.97	8.54	7.14	3.92
Pretax Income	172.83	193.47	175.14	177.72	67.03
Income Tax Expense	24.56	25.05	22.15	15.68	10.25
Earnings From Continuing Operations	148.27	168.42	152.99	162.05	56.78
Minority Interest in Earnings	-0.89	-0.49	-0.63	0.09	0.13
Net Income	147.39	167.93	152.36	162.14	56.91
Net Income to Common	147.39	167.93	152.36	162.14	56.91
Net Income Growth	-12.23%	10.22%	-6.03%	184.90%	30.18%
Shares Outstanding (Basic)	121	94	95	94	95
Shares Outstanding (Diluted)	121	94	95	94	95
Shares Change (YoY)	28.06%	-0.31%	0.39%	-0.62%	-0.19%
EPS (Basic)	1.22	1.78	1.61	1.72	0.60
EPS (Diluted)	1.22	1.78	1.61	1.72	0.60
EPS Growth	-31.46%	10.56%	-6.40%	186.67%	30.44%
Free Cash Flow	57.81	-91.36	-43.4	75.84	3.94
Free Cash Flow Per Share	0.48	-0.97	-0.46	0.81	0.04
Dividend Per Share	-	0.500	-	-	-
Gross Margin	25.43%	29.29%	33.60%	38.70%	28.72%
Operating Margin	13.82%	17.98%	21.91%	27.45%	16.10%
Profit Margin	11.93%	15.62%	19.93%	25.80%	13.64%
Free Cash Flow Margin	4.68%	-8.50%	-5.68%	12.07%	0.94%
EBITDA	234.9	228.5	195.87	191.79	81.44
EBITDA Margin	19.02%	21.26%	25.62%	30.52%	19.52%
D&A For EBITDA	64.21	35.26	28.36	19.33	14.27
EBIT	170.69	193.24	167.5	172.46	67.17
EBIT Margin	13.82%	17.98%	21.91%	27.45%	16.10%
Effective Tax Rate	14.21%	12.95%	12.65%	8.82%	15.29%
Revenue as Reported	-	1,075	764.59	628.32	417.2

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