Shenzhen Zhongheng Huafa 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	750.41	809.95	769.16	674.26	604.68	683.79
Other Revenue	47.94	47.94	47.52	52.29	59.75	81.82
Revenue	798.35	857.89	816.68	726.54	664.44	765.61
Revenue Growth (YoY)	-1.39%	5.05%	12.41%	9.35%	-13.21%	10.68%
Cost of Revenue	707.79	766.42	727.5	659.08	600.09	687.58
Gross Profit	90.56	91.47	89.18	67.46	64.34	78.03
Selling, General & Admin	24.84	30.13	30.03	32.01	38.97	46.7
Research & Development	18.45	18.73	11.65	10.09	8.82	10.79
Other Operating Expenses	7.25	3.9	3.55	3.69	3.62	3.36
Operating Expenses	50.19	52.4	50	45.89	51.39	60.88
Operating Income	40.37	39.07	39.19	21.57	12.96	17.15
Interest Expense	-0	-	-	-1	-5.19	-7.87
Interest & Investment Income	2.63	2.55	1.63	1.38	0.93	0.54
Currency Exchange Gain (Loss)	-1.51	-1.51	1.65	-0.08	2.39	0.02
Other Non Operating Income (Expenses)	-1.63	0.73	-1.05	0.27	-0.75	0.81
EBT Excluding Unusual Items	39.86	40.84	41.42	22.14	10.33	10.65
Gain (Loss) on Sale of Assets	0	0	-1.45	-4.96	0.59	0.01
Asset Writedown	-	-	-	-	-1.02	-
Other Unusual Items	4.01	3.85	0.54	1.25	5.41	1.29
Pretax Income	43.87	44.69	40.52	18.43	15.32	11.95
Income Tax Expense	9.15	9.25	3.78	5.09	5.19	4.75
Net Income	34.72	35.44	36.74	13.34	10.13	7.2
Net Income to Common	34.72	35.44	36.74	13.34	10.13	7.2
Net Income Growth	-6.86%	-3.53%	175.35%	31.74%	40.63%	5.44%
Shares Outstanding (Basic)	283	283	283	283	283	284
Shares Outstanding (Diluted)	283	283	283	283	283	284
Shares Change (YoY)	-0.12%	-0.06%	-0.01%	0.13%	-0.23%	0.05%
EPS (Basic)	0.12	0.13	0.13	0.05	0.04	0.03
EPS (Diluted)	0.12	0.13	0.13	0.05	0.04	0.03
EPS Growth	-6.74%	-3.47%	175.37%	31.56%	40.95%	5.39%
Free Cash Flow	51.53	3.77	92.64	113.53	79.27	-18.91
Free Cash Flow Per Share	0.18	0.01	0.33	0.40	0.28	-0.07
Gross Margin	11.34%	10.66%	10.92%	9.29%	9.68%	10.19%
Operating Margin	5.06%	4.55%	4.80%	2.97%	1.95%	2.24%
Profit Margin	4.35%	4.13%	4.50%	1.84%	1.52%	0.94%
Free Cash Flow Margin	6.45%	0.44%	11.34%	15.63%	11.93%	-2.47%
EBITDA	49.5	48.15	48.09	32.36	32.93	30.71
EBITDA Margin	6.20%	5.61%	5.89%	4.45%	4.96%	4.01%
D&A For EBITDA	9.12	9.08	8.91	10.79	19.97	13.56
EBIT	40.37	39.07	39.19	21.57	12.96	17.15
EBIT Margin	5.06%	4.55%	4.80%	2.97%	1.95%	2.24%
Effective Tax Rate	20.86%	20.70%	9.33%	27.61%	33.88%	39.74%
Revenue as Reported	798.35	857.89	816.68	726.54	664.44	765.61

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