Zhejiang Huayou Cobalt 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	Mar '26 Mar 31, 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	87,800	79,839	59,678	64,912	61,676	34,260
Other Revenue	1,180	1,180	1,267	1,392	1,358	1,056
Revenue	88,980	81,019	60,946	66,304	63,034	35,317
Revenue Growth (YoY)	39.41%	32.94%	-8.08%	5.19%	78.48%	66.69%
Cost of Revenue	72,176	66,897	50,759	57,317	52,604	28,147
Gross Profit	16,805	14,122	10,186	8,987	10,430	7,170
Selling, General & Admin	2,268	2,180	2,054	2,266	2,039	1,218
Research & Development	2,030	1,682	1,300	1,441	1,709	816.27
Other Operating Expenses	427.36	327.24	346.56	257.46	474.42	253.18
Operating Expenses	5,032	4,388	3,687	4,006	4,432	2,370
Operating Income	11,773	9,734	6,499	4,980	5,998	4,800
Interest Expense	-2,325	-2,271	-2,513	-1,961	-1,344	-502.3
Interest & Investment Income	1,657	1,273	1,752	1,194	1,477	710.04
Currency Exchange Gain (Loss)	-325.77	-325.77	170.97	270.84	26.39	30.17
Other Non Operating Income (Expenses)	-544.19	-141.28	-117.94	-124.79	-125.82	-96.46
EBT Excluding Unusual Items	10,235	8,269	5,791	4,359	6,032	4,941
Impairment of Goodwill	-2.06	-2.06	-195.07	-2.06	-2.06	-0.9
Gain (Loss) on Sale of Investments	14.08	12.45	-61.51	218.77	-147.5	-14.59
Gain (Loss) on Sale of Assets	-17.89	-25.32	-44.2	-5.89	2.41	-3.12
Asset Writedown	-135.39	-10.9	-	-	-31.79	-94.16
Other Unusual Items	86.61	86.61	93.93	203.73	178.32	-
Pretax Income	10,180	8,330	5,585	4,774	6,031	4,828
Income Tax Expense	1,244	809.52	426.17	268.88	324.38	804.64
Earnings From Continuing Operations	8,936	7,520	5,158	4,505	5,707	4,024
Minority Interest in Earnings	-1,581	-1,410	-1,004	-1,154	-1,797	-126.14
Net Income	7,356	6,110	4,155	3,351	3,910	3,898
Net Income to Common	7,356	6,110	4,155	3,351	3,910	3,898
Net Income Growth	50.59%	47.07%	23.99%	-14.30%	0.32%	234.60%
Shares Outstanding (Basic)	1,876	1,829	1,662	1,635	1,578	1,565
Shares Outstanding (Diluted)	1,876	1,835	1,738	1,635	1,579	1,565
Shares Change (YoY)	4.81%	5.55%	6.35%	3.52%	0.88%	6.47%
EPS (Basic)	3.92	3.34	2.50	2.05	2.48	2.49
EPS (Diluted)	3.92	3.33	2.39	2.05	2.48	2.49
EPS Growth	43.68%	39.33%	16.59%	-17.25%	-0.51%	214.28%
Free Cash Flow	-8,838	-6,746	5,710	-13,363	-13,940	-8,262
Free Cash Flow Per Share	-4.71	-3.68	3.28	-8.18	-8.83	-5.28
Dividend Per Share	0.500	0.500	0.500	1.000	0.200	0.231
Dividend Growth	-	-	-50.00%	400.00%	-13.35%	50.07%
Gross Margin	18.89%	17.43%	16.71%	13.55%	16.55%	20.30%
Operating Margin	13.23%	12.02%	10.66%	7.51%	9.52%	13.59%
Profit Margin	8.27%	7.54%	6.82%	5.05%	6.20%	11.04%
Free Cash Flow Margin	-9.93%	-8.33%	9.37%	-20.16%	-22.12%	-23.39%
EBITDA	16,712	14,599	11,066	8,298	7,869	5,871
EBITDA Margin	18.78%	18.02%	18.16%	12.52%	12.48%	16.62%
D&A For EBITDA	4,940	4,865	4,566	3,318	1,870	1,071
EBIT	11,773	9,734	6,499	4,980	5,998	4,800
EBIT Margin	13.23%	12.02%	10.66%	7.51%	9.52%	13.59%
Effective Tax Rate	12.22%	9.72%	7.63%	5.63%	5.38%	16.66%
Revenue as Reported	88,980	81,019	60,946	66,304	63,034	35,317

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