Hexing Electrical 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	4,637	4,678	4,163	3,270	2,658	2,781
Other Revenue	39.38	39.38	36.93	39.89	33.03	24.57
Revenue	4,676	4,717	4,200	3,310	2,691	2,806
Revenue Growth (YoY)	-1.29%	12.30%	26.91%	22.99%	-4.09%	-5.02%
Cost of Revenue	2,861	2,679	2,536	2,095	1,851	1,671
Gross Profit	1,815	2,038	1,665	1,215	839.66	1,135
Selling, General & Admin	619.01	570.2	461.88	423.9	425.08	537.08
Research & Development	338.87	310.88	274.09	238.6	226.07	240.39
Other Operating Expenses	-56.76	-28.83	-36.58	-23.85	-5.16	7.92
Operating Expenses	967.02	868.92	709.67	652.21	668.57	771.24
Operating Income	847.94	1,169	954.86	562.9	171.09	363.91
Interest Expense	-16.05	-24.3	-40.07	-42.71	-33.62	-24.15
Interest & Investment Income	195.88	189.59	204.96	171.16	228.69	207.05
Currency Exchange Gain (Loss)	-128.8	-128.8	33.29	38.53	-73.25	-94.93
Other Non Operating Income (Expenses)	150.12	-2.55	-17.9	-15.62	-1.27	12.38
EBT Excluding Unusual Items	1,049	1,203	1,135	714.25	291.64	464.25
Gain (Loss) on Sale of Investments	-26.36	-27.74	11.78	17.01	90.09	19.58
Gain (Loss) on Sale of Assets	0.41	0.07	0.07	0.08	0.77	-0.83
Asset Writedown	6.14	-0.41	-0.08	-0.13	-0.13	-4.54
Legal Settlements	-0.01	-0.01	-	-	-	-
Other Unusual Items	18.04	18.04	0.38	23.09	-26.67	54.49
Pretax Income	1,047	1,193	1,147	754.3	355.7	532.96
Income Tax Expense	105.62	190.9	165	90.43	42.06	53.78
Earnings From Continuing Operations	941.68	1,002	982.28	663.87	313.64	479.18
Minority Interest in Earnings	1.14	-0.37	0.12	0.41	0.13	2.02
Net Income	942.83	1,002	982.41	664.28	313.77	481.2
Net Income to Common	942.83	1,002	982.41	664.28	313.77	481.2
Net Income Growth	-14.68%	2.00%	47.89%	111.71%	-34.79%	-3.85%
Shares Outstanding (Basic)	486	486	486	488	489	489
Shares Outstanding (Diluted)	486	486	486	488	489	489
Shares Change (YoY)	-0.22%	0.02%	-0.43%	-0.05%	-	0.84%
EPS (Basic)	1.94	2.06	2.02	1.36	0.64	0.98
EPS (Diluted)	1.94	2.06	2.02	1.36	0.64	0.98
EPS Growth	-14.49%	1.98%	48.53%	112.50%	-34.69%	-4.85%
Free Cash Flow	124.55	700.77	876.98	522.08	53.69	228.14
Free Cash Flow Per Share	0.26	1.44	1.80	1.07	0.11	0.47
Dividend Per Share	0.700	0.700	1.100	0.700	0.300	0.500
Dividend Growth	-36.36%	-36.36%	57.14%	133.33%	-40.00%	-16.67%
Gross Margin	38.81%	43.21%	39.63%	36.71%	31.20%	40.46%
Operating Margin	18.13%	24.79%	22.73%	17.01%	6.36%	12.97%
Profit Margin	20.16%	21.24%	23.39%	20.07%	11.66%	17.15%
Free Cash Flow Margin	2.66%	14.86%	20.88%	15.77%	1.99%	8.13%
EBITDA	921.5	1,237	1,016	617.17	224.85	429.03
EBITDA Margin	19.71%	26.23%	24.18%	18.65%	8.36%	15.29%
D&A For EBITDA	73.56	68.04	60.68	54.28	53.76	65.12
EBIT	847.94	1,169	954.86	562.9	171.09	363.91
EBIT Margin	18.13%	24.79%	22.73%	17.01%	6.36%	12.97%
Effective Tax Rate	10.08%	16.00%	14.38%	11.99%	11.82%	10.09%
Revenue as Reported	4,676	4,717	4,200	3,310	2,691	2,806
Advertising Expenses	-	7.76	6.04	4.07	-	-

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