Shaanxi Huaqin Technology Industry Co.,Ltd. (SHA:688281)

SHA:688281 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,195	1,131	916.66	672.16	505.91	401.16
Other Revenue	8.11	8.11	0.8	0.24	5.94	12.71
Revenue	1,203	1,139	917.46	672.4	511.85	413.86
Revenue Growth (YoY)	14.21%	24.18%	36.45%	31.36%	23.68%	254.44%
Cost of Revenue	646.04	561.97	388.74	262.82	211.88	149.3
Gross Profit	556.91	577.28	528.71	409.58	299.97	264.56
Selling, General & Admin	106.91	94.45	246.92	37.45	30.36	40.17
Research & Development	138.36	91.23	72.92	61.96	52.14	42.71
Other Operating Expenses	3.19	4.13	6.46	1.06	-12.81	-3.76
Operating Expenses	292.15	206.15	349.56	111.94	75	87.71
Operating Income	264.76	371.12	179.15	297.64	224.97	176.85
Interest Expense	-20.67	-15.5	-2.45	-0.71	-2.37	-2.25
Interest & Investment Income	61.8	65.51	68.15	62.1	0.82	0.21
Currency Exchange Gain (Loss)	0.04	0.04	-	-	-	-
Other Non Operating Income (Expenses)	-7.69	-4.69	4.9	0.02	-0.06	-0.03
EBT Excluding Unusual Items	298.24	416.48	249.76	359.06	223.36	174.78
Gain (Loss) on Sale of Investments	-4.67	-3.77	5.28	4.32	-	-
Gain (Loss) on Sale of Assets	1.57	0.34	-	-0.01	-0.04	-
Asset Writedown	-0.11	-0.09	-0.03	-	-	-
Other Unusual Items	49.1	28.82	15.32	14.57	42.76	2.12
Pretax Income	344.14	441.79	270.32	377.94	266.07	176.9
Income Tax Expense	26.68	49.1	10.91	44.56	32.9	22.08
Earnings From Continuing Operations	317.46	392.68	259.41	333.38	233.17	154.82
Minority Interest in Earnings	29.99	21.24	75.6	0.03	-	-
Net Income	347.45	413.92	335.01	333.42	233.17	154.82
Net Income to Common	347.45	413.92	335.01	333.42	233.17	154.82
Net Income Growth	-7.09%	23.55%	0.48%	42.99%	50.61%	-
Shares Outstanding (Basic)	273	272	273	216	204	204
Shares Outstanding (Diluted)	273	272	273	216	204	204
Shares Change (YoY)	0.47%	-0.22%	26.01%	5.83%	0.14%	-0.19%
EPS (Basic)	1.27	1.52	1.23	1.54	1.14	0.76
EPS (Diluted)	1.27	1.52	1.23	1.54	1.14	0.76
EPS Growth	-7.53%	23.83%	-20.26%	35.12%	50.40%	-
Free Cash Flow	58.74	-283.63	-387.11	-152.26	94.43	-58.5
Free Cash Flow Per Share	0.21	-1.04	-1.42	-0.70	0.46	-0.29
Dividend Per Share	0.501	0.459	0.173	0.123	0.086	-
Dividend Growth	92.44%	164.32%	40.71%	44.04%	-	-
Gross Margin	46.29%	50.67%	57.63%	60.91%	58.60%	63.92%
Operating Margin	22.01%	32.58%	19.53%	44.27%	43.95%	42.73%
Profit Margin	28.88%	36.33%	36.52%	49.59%	45.55%	37.41%
Free Cash Flow Margin	4.88%	-24.90%	-42.19%	-22.64%	18.45%	-14.13%
EBITDA	318.71	410.41	198.89	307.64	233.04	182.07
EBITDA Margin	26.49%	36.02%	21.68%	45.75%	45.53%	43.99%
D&A For EBITDA	53.95	39.29	19.74	10	8.07	5.22
EBIT	264.76	371.12	179.15	297.64	224.97	176.85
EBIT Margin	22.01%	32.58%	19.53%	44.27%	43.95%	42.73%
Effective Tax Rate	7.75%	11.12%	4.04%	11.79%	12.37%	12.48%
Revenue as Reported	1,203	1,139	917.46	672.4	511.85	413.86
Advertising Expenses	-	3.93	0.3	1.73	0.74	0.5

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