Power HF 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	727.29	897.53	1,328	736.25	1,333	1,565
Other Revenue	18.85	18.85	24.54	8.53	20.86	26.53
Revenue	746.14	916.38	1,352	744.78	1,354	1,592
Revenue Growth (YoY)	-30.48%	-32.23%	81.56%	-45.01%	-14.92%	37.54%
Cost of Revenue	668.07	784.92	1,107	656.34	1,092	1,259
Gross Profit	78.07	131.46	245.2	88.44	262.2	332.77
Selling, General & Admin	50.23	60.26	63.6	49.93	49.46	54.46
Research & Development	28.64	31.91	45.13	22.51	44.76	49.32
Other Operating Expenses	0.47	-6.59	11.86	3.56	7.01	7.66
Operating Expenses	75.8	74.53	133.08	76.38	93.94	116.68
Operating Income	2.28	56.93	112.11	12.06	168.26	216.09
Interest Expense	-	-0	-0.01	-0.04	-0.05	-8.12
Interest & Investment Income	25.7	24.09	24.64	22.31	20.28	10.69
Currency Exchange Gain (Loss)	0.06	0.06	-0.81	-2.16	-1.08	0.03
Other Non Operating Income (Expenses)	-5.52	-1.6	-1.79	-0.68	-0.4	-0.26
EBT Excluding Unusual Items	22.51	79.48	134.15	31.48	187	218.44
Gain (Loss) on Sale of Investments	-0.2	0.33	0.56	1.01	0.06	0.67
Gain (Loss) on Sale of Assets	0.1	-0.07	-1.22	-0.02	0.04	-0.31
Asset Writedown	7.19	-1.5	-	-	-	-
Other Unusual Items	0.96	0.95	0.7	1.91	10.54	13.36
Pretax Income	30.58	79.19	134.2	34.38	197.63	232.15
Income Tax Expense	-3.31	5.6	24.96	11.46	34.02	38.82
Earnings From Continuing Operations	33.89	73.59	109.24	22.92	163.61	193.33
Minority Interest in Earnings	0	0	0.05	0.67	0.23	-2.77
Net Income	33.89	73.59	109.29	23.59	163.83	190.56
Net Income to Common	33.89	73.59	109.29	23.59	163.83	190.56
Net Income Growth	-66.94%	-32.67%	363.23%	-85.60%	-14.03%	22.00%
Shares Outstanding (Basic)	181	171	171	169	171	141
Shares Outstanding (Diluted)	181	171	171	169	171	141
Shares Change (YoY)	6.04%	0.21%	1.33%	-1.25%	20.63%	10.91%
EPS (Basic)	0.19	0.43	0.64	0.14	0.96	1.35
EPS (Diluted)	0.19	0.43	0.64	0.14	0.96	1.35
EPS Growth	-68.82%	-32.81%	357.14%	-85.42%	-28.73%	10.00%
Free Cash Flow	-21.56	147.8	-157.12	186.07	-0.86	104.63
Free Cash Flow Per Share	-0.12	0.86	-0.92	1.10	-0.01	0.74
Dividend Per Share	0.300	0.400	0.400	0.100	0.464	0.357
Dividend Growth	-50.00%	-	300.00%	-78.46%	30.02%	-
Gross Margin	10.46%	14.35%	18.13%	11.88%	19.36%	20.91%
Operating Margin	0.30%	6.21%	8.29%	1.62%	12.42%	13.58%
Profit Margin	4.54%	8.03%	8.08%	3.17%	12.10%	11.97%
Free Cash Flow Margin	-2.89%	16.13%	-11.62%	24.98%	-0.06%	6.57%
EBITDA	94.57	150.21	206.71	86.45	235.3	280.08
EBITDA Margin	12.67%	16.39%	15.29%	11.61%	17.37%	17.59%
D&A For EBITDA	92.29	93.28	94.6	74.39	67.04	63.99
EBIT	2.28	56.93	112.11	12.06	168.26	216.09
EBIT Margin	0.30%	6.21%	8.29%	1.62%	12.42%	13.58%
Effective Tax Rate	-	7.08%	18.60%	33.34%	17.21%	16.72%
Revenue as Reported	746.14	916.38	1,352	744.78	1,354	1,592
Advertising Expenses	-	0.17	0.31	0.11	0.2	2.36

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