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	Jun '26 Jun 30, 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	904.31	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	915.11	793.43	916.38	1,352	744.78	1,354
Revenue Growth	25.08%	-13.42%	-32.23%	81.56%	-45.01%	-14.92%
Cost of Revenue	790.25	701.05	784.92	1,107	656.34	1,092
Gross Profit	124.85	92.38	131.46	245.2	88.44	262.2
Selling, General & Admin	50.93	50.98	60.26	63.6	49.93	49.46
Research & Development	32.29	27.83	31.91	45.13	22.51	44.76
Other Operating Expenses	5.36	0.18	-6.59	11.86	3.56	7.01
Operating Expenses	92.7	83.11	74.53	133.08	76.38	93.94
Operating Income	32.15	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	17.73	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)	-6.41	0	-0.21	-1.79	-0.68	-0.4
EBT Excluding Unusual Items	41.09	26.33	79.48	134.15	31.48	187
Gain (Loss) on Sale of Investments	0.88	0.51	0.33	0.56	1.01	0.06
Gain (Loss) on Sale of Assets	-1.55	-1.43	-0.07	-1.22	-0.02	0.04
Asset Writedown	-7.12	-0.61	-1.5	-	-	-
Other Unusual Items	1.22	1.22	0.95	0.7	1.91	10.54
Pretax Income	34.53	26.03	79.19	134.2	34.38	197.63
Income Tax Expense	5.97	3.24	5.6	24.96	11.46	34.02
Earnings From Continuing Operations	28.55	22.79	73.59	109.24	22.92	163.61
Minority Interest in Earnings	0	-0	0	0.05	0.67	0.23
Net Income	28.55	22.79	73.59	109.29	23.59	163.83
Net Income to Common	28.55	22.79	73.59	109.29	23.59	163.83
Net Income Growth	-28.37%	-69.04%	-32.67%	363.23%	-85.60%	-14.03%
Shares Outstanding (Basic)	232	245	240	239	236	239
Shares Outstanding (Diluted)	232	245	240	239	236	239
Shares Change	-8.64%	2.36%	0.22%	1.34%	-1.25%	20.63%
EPS (Basic)	0.12	0.09	0.31	0.46	0.10	0.69
EPS (Diluted)	0.12	0.09	0.31	0.46	0.10	0.69
EPS Growth	-21.59%	-69.75%	-32.82%	357.10%	-85.42%	-28.73%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-27.51	-59.04	147.8	-157.12	186.07	-0.86
Free Cash Flow Per Share	-0.12	-0.24	0.62	-0.66	0.79	-0.00
Dividend Per Share	0.143	0.143	0.286	0.286	0.071	0.332
Dividend Growth	0.07%	-49.98%	0%	300.14%	-78.47%	29.99%
Gross Margin	13.64%	11.64%	14.35%	18.13%	11.88%	19.36%
Operating Margin	3.51%	1.17%	6.21%	8.29%	1.62%	12.42%
Profit Margin	3.12%	2.87%	8.03%	8.08%	3.17%	12.10%
Free Cash Flow Margin	-3.01%	-7.44%	16.13%	-11.62%	24.98%	-0.06%
EBITDA	143.88	120.75	150.39	206.71	86.45	235.3
EBITDA Margin	15.72%	15.22%	16.41%	15.29%	11.61%	17.37%
D&A For EBITDA	111.72	111.48	93.45	94.6	74.39	67.04
EBIT	32.15	9.27	56.93	112.11	12.06	168.26
EBIT Margin	3.51%	1.17%	6.21%	8.29%	1.62%	12.42%
Effective Tax Rate	17.29%	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