Power HF 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	844.89	782.63	897.53	1,328	736.25	1,333
Other Revenue	10.8	10.8	18.85	24.54	8.53	20.86
Revenue	855.69	793.43	916.38	1,352	744.78	1,354
Revenue Growth (YoY)	2.92%	-13.42%	-32.23%	81.56%	-45.01%	-14.92%
Cost of Revenue	752.41	701.05	784.92	1,107	656.34	1,092
Gross Profit	103.28	92.38	131.46	245.2	88.44	262.2
Selling, General & Admin	52.4	50.98	60.26	63.6	49.93	49.46
Research & Development	30.62	27.83	31.91	45.13	22.51	44.76
Other Operating Expenses	1.79	0.18	-6.59	11.86	3.56	7.01
Operating Expenses	88.94	83.11	74.53	133.08	76.38	93.94
Operating Income	14.34	9.27	56.93	112.11	12.06	168.26
Interest Expense	-1.67	-1.67	-1.39	-0.01	-0.04	-0.05
Interest & Investment Income	19.55	19.45	24.09	24.64	22.31	20.28
Currency Exchange Gain (Loss)	-0.72	-0.72	0.06	-0.81	-2.16	-1.08
Other Non Operating Income (Expenses)	-1.97	0	-0.21	-1.79	-0.68	-0.4
EBT Excluding Unusual Items	29.53	26.33	79.48	134.15	31.48	187
Gain (Loss) on Sale of Investments	-0.15	0.51	0.33	0.56	1.01	0.06
Gain (Loss) on Sale of Assets	-1.44	-1.43	-0.07	-1.22	-0.02	0.04
Asset Writedown	-0.46	-0.61	-1.5	-	-	-
Other Unusual Items	1.22	1.22	0.95	0.7	1.91	10.54
Pretax Income	28.71	26.03	79.19	134.2	34.38	197.63
Income Tax Expense	4.67	3.24	5.6	24.96	11.46	34.02
Earnings From Continuing Operations	24.04	22.79	73.59	109.24	22.92	163.61
Minority Interest in Earnings	-	-0	0	0.05	0.67	0.23
Net Income	24.04	22.79	73.59	109.29	23.59	163.83
Net Income to Common	24.04	22.79	73.59	109.29	23.59	163.83
Net Income Growth	-56.45%	-69.04%	-32.67%	363.23%	-85.60%	-14.03%
Shares Outstanding (Basic)	174	175	171	171	169	171
Shares Outstanding (Diluted)	174	175	171	171	169	171
Shares Change (YoY)	1.75%	2.42%	0.21%	1.33%	-1.25%	20.63%
EPS (Basic)	0.14	0.13	0.43	0.64	0.14	0.96
EPS (Diluted)	0.14	0.13	0.43	0.64	0.14	0.96
EPS Growth	-57.20%	-69.77%	-32.81%	357.14%	-85.42%	-28.73%
Free Cash Flow	-9.94	-59.04	147.8	-157.12	186.07	-0.86
Free Cash Flow Per Share	-0.06	-0.34	0.86	-0.92	1.10	-0.01
Dividend Per Share	0.200	0.200	0.400	0.400	0.100	0.464
Dividend Growth	-50.00%	-50.00%	-	300.00%	-78.46%	30.02%
Gross Margin	12.07%	11.64%	14.35%	18.13%	11.88%	19.36%
Operating Margin	1.68%	1.17%	6.21%	8.29%	1.62%	12.42%
Profit Margin	2.81%	2.87%	8.03%	8.08%	3.17%	12.10%
Free Cash Flow Margin	-1.16%	-7.44%	16.13%	-11.62%	24.98%	-0.06%
EBITDA	130.32	120.75	150.39	206.71	86.45	235.3
EBITDA Margin	15.23%	15.22%	16.41%	15.29%	11.61%	17.37%
D&A For EBITDA	115.98	111.48	93.45	94.6	74.39	67.04
EBIT	14.34	9.27	56.93	112.11	12.06	168.26
EBIT Margin	1.68%	1.17%	6.21%	8.29%	1.62%	12.42%
Effective Tax Rate	16.27%	12.45%	7.08%	18.60%	33.34%	17.21%
Revenue as Reported	793.43	793.43	916.38	1,352	744.78	1,354
Advertising Expenses	-	0.01	0.17	0.31	0.11	0.2

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