Hunan Development Group 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	335.36	334.9	323.17	280.17	409.69	471.63
Other Revenue	14.26	14.26	13.62	12.31	11.05	6.76
Revenue	349.62	349.17	336.79	292.48	420.74	478.4
Revenue Growth (YoY)	13.61%	3.67%	15.15%	-30.48%	-12.05%	53.88%
Selling, General & Admin	56.29	56.24	50.75	52.98	45.8	42.05
Provision for Bad Debts	1.25	-4.62	1.93	-0.17	2.37	2.69
Other Operating Expenses	209.81	222.75	197.37	189.44	320.22	351.04
Total Operating Expenses	274.81	281.97	258.54	254.98	378.71	404.43
Operating Income	74.82	67.19	78.25	37.5	42.02	73.97
Interest Expense	-5.91	-5.96	-1.34	-0.65	-1.21	-5.29
Interest Income	13.14	13.33	9.89	24.68	39.04	62.89
Net Interest Expense	7.23	7.37	8.54	24.04	37.83	57.59
Other Non-Operating Income (Expenses)	-0.67	-0.61	-0.03	14.25	-0.06	-0.08
EBT Excluding Unusual Items	81.37	73.95	86.77	75.79	79.79	131.48
Gain (Loss) on Sale of Investments	1.33	-2.55	-9	-10.43	-13	-
Gain (Loss) on Sale of Assets	0.01	0.01	0.01	0.01	-0	0.09
Asset Writedown	-1.81	-0.44	-0.15	-7.71	-0	-0.24
Other Unusual Items	14.07	14.07	24.81	10.41	20.61	8.07
Pretax Income	94.98	85.05	102.43	68.07	87.4	139.4
Income Tax Expense	18.45	18.3	40.33	24.86	18.93	21.54
Earnings From Continuing Ops.	76.53	66.75	62.11	43.21	68.47	117.86
Minority Interest in Earnings	4.45	5.39	5.7	6.26	0.67	1.87
Net Income	80.98	72.14	67.8	49.47	69.14	119.73
Net Income to Common	80.98	72.14	67.8	49.47	69.14	119.73
Net Income Growth	74.94%	6.40%	37.07%	-28.46%	-42.25%	22.32%
Shares Outstanding (Basic)	454	451	452	450	461	461
Shares Outstanding (Diluted)	454	451	452	450	461	461
Shares Change (YoY)	0.66%	-0.26%	0.52%	-2.44%	0.10%	-1.20%
EPS (Basic)	0.18	0.16	0.15	0.11	0.15	0.26
EPS (Diluted)	0.18	0.16	0.15	0.11	0.15	0.26
EPS Growth	73.80%	6.67%	36.36%	-26.67%	-42.31%	23.81%
Free Cash Flow	140.23	150.78	65.37	290.64	-35.21	-221.5
Free Cash Flow Per Share	0.31	0.33	0.14	0.65	-0.08	-0.48
Dividend Per Share	0.050	0.050	0.050	0.050	-	0.100
Profit Margin	23.16%	20.66%	20.13%	16.91%	16.43%	25.03%
Free Cash Flow Margin	40.11%	43.18%	19.41%	99.37%	-8.37%	-46.30%
EBITDA	164.55	157.32	169.93	124.07	117.95	143.64
EBITDA Margin	47.07%	45.05%	50.46%	42.42%	28.03%	30.03%
D&A For EBITDA	89.74	90.12	91.67	86.57	75.93	69.68
EBIT	74.82	67.19	78.25	37.5	42.02	73.97
EBIT Margin	21.40%	19.24%	23.23%	12.82%	9.99%	15.46%
Effective Tax Rate	19.42%	21.52%	39.37%	36.53%	21.65%	15.46%
Revenue as Reported	349.62	349.17	336.79	292.48	420.74	478.4

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