Hwatsing Technology Co., Ltd. (SHA:688120)

Hwatsing Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,638	3,406	2,508	1,649	804.88	385.89
Revenue Growth (YoY)	41.46%	35.82%	52.11%	104.86%	108.58%	82.95%
Cost of Revenue	2,074	1,958	1,439	870.64	451.06	242.87
Gross Profit	1,564	1,448	1,069	778.2	353.82	143.02
Selling, General & Admin	351.83	307.49	211.62	196.73	131.96	72.88
Research & Development	414.21	382.22	303.93	216.59	114.07	50.55
Other Operating Expenses	-155.45	-178.85	-97.51	-55.52	1.82	0.54
Operating Expenses	623.23	528.97	429.49	362.92	247.43	124.97
Operating Income	940.77	919.33	639.63	415.28	106.39	18.05
Interest Expense	-11.43	-12.32	-10.05	-5.52	-3.9	-8.12
Interest & Investment Income	71.45	84.64	96.42	42.04	11.12	5.58
Currency Exchange Gain (Loss)	0.04	0.04	0.78	0.74	2.69	0.91
Other Non Operating Income (Expenses)	3.35	-0.55	-0.38	-0.19	-0.01	-0.8
EBT Excluding Unusual Items	1,004	991.14	726.4	452.36	116.28	15.62
Gain (Loss) on Sale of Investments	13.02	2.57	-16.74	33.04	0.25	0.29
Gain (Loss) on Sale of Assets	-0.02	-0.01	-0	-	-	-0
Asset Writedown	6.33	-	-	-0.01	-0	-
Other Unusual Items	124.71	124.6	80.18	71.49	79.28	81.88
Pretax Income	1,148	1,118	789.83	556.89	195.82	97.79
Income Tax Expense	93.54	94.88	66.09	55.29	-2.46	-
Net Income	1,055	1,023	723.75	501.6	198.28	97.79
Net Income to Common	1,055	1,023	723.75	501.6	198.28	97.79
Net Income Growth	44.08%	41.40%	44.29%	152.98%	102.76%	-
Shares Outstanding (Basic)	236	236	237	212	177	167
Shares Outstanding (Diluted)	238	237	237	212	177	167
Shares Change (YoY)	0.32%	0.39%	11.39%	19.63%	6.29%	-
EPS (Basic)	4.47	4.33	3.06	2.36	1.12	0.59
EPS (Diluted)	4.44	4.31	3.06	2.36	1.12	0.59
EPS Growth	43.62%	40.85%	29.53%	111.48%	90.76%	-
Free Cash Flow	660.92	832.8	313.4	-149.75	215.48	1.3
Free Cash Flow Per Share	2.78	3.51	1.32	-0.70	1.21	0.01
Dividend Per Share	0.550	0.550	0.369	0.225	-	-
Dividend Growth	49.01%	49.01%	63.90%	-	-	-
Gross Margin	42.98%	42.52%	42.63%	47.20%	43.96%	37.06%
Operating Margin	25.86%	26.99%	25.50%	25.19%	13.22%	4.68%
Profit Margin	28.99%	30.04%	28.86%	30.42%	24.63%	25.34%
Free Cash Flow Margin	18.16%	24.45%	12.50%	-9.08%	26.77%	0.34%
EBITDA	1,029	1,004	710.93	466.87	134.69	35.05
EBITDA Margin	28.27%	29.47%	28.35%	28.32%	16.73%	9.08%
D&A For EBITDA	87.96	84.63	71.3	51.59	28.3	17
EBIT	940.77	919.33	639.63	415.28	106.39	18.05
EBIT Margin	25.86%	26.99%	25.50%	25.19%	13.22%	4.68%
Effective Tax Rate	8.15%	8.48%	8.37%	9.93%	-	-
Revenue as Reported	3,638	3,406	2,508	1,649	804.88	385.89
Advertising Expenses	-	1.85	0.98	0.59	1.3	0.52

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.