HGTECH Company Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	13,360	11,324	9,718	11,768	9,990	6,018
Other Revenue	385.44	385.44	592.14	243.12	176.8	119.93
Revenue	13,745	11,709	10,310	12,011	10,167	6,138
Revenue Growth (YoY)	14.37%	13.57%	-14.16%	18.14%	65.65%	12.40%
Cost of Revenue	10,789	9,259	8,028	9,751	8,451	4,705
Gross Profit	2,957	2,451	2,282	2,260	1,716	1,433
Selling, General & Admin	760.71	785.62	895.36	1,033	946.49	727.27
Research & Development	1,020	877.58	761.26	565.66	406.57	330.64
Other Operating Expenses	-125.64	-79.67	-61.64	27.69	19.6	-88.4
Operating Expenses	1,667	1,591	1,628	1,668	1,420	1,002
Operating Income	1,290	859.34	653.93	591.11	295.89	430.69
Interest Expense	-78.07	-76.16	-93.24	-74.32	-35	-25.53
Interest & Investment Income	230.33	255.91	418.82	390.41	430.82	287.35
Currency Exchange Gain (Loss)	6.3	6.3	8.08	12.64	-3.19	-9.42
Other Non Operating Income (Expenses)	0.5	-4.24	-8.4	-8.29	-6.42	-4.2
EBT Excluding Unusual Items	1,449	1,041	979.19	911.55	682.09	678.9
Gain (Loss) on Sale of Investments	31.99	1.89	-1.87	5.89	23.88	-46.51
Gain (Loss) on Sale of Assets	-4.35	3.56	0.81	-0.19	2.45	-0.37
Asset Writedown	-0.68	0.78	-0.28	1.34	-0.37	-2.72
Other Unusual Items	247.92	249.7	132.81	90.6	116.5	3.12
Pretax Income	1,724	1,297	1,111	1,009	824.56	632.42
Income Tax Expense	146.59	93.99	107.37	118.75	76.51	92
Earnings From Continuing Operations	1,577	1,203	1,003	890.43	748.05	540.42
Minority Interest in Earnings	27.43	17.66	4.19	15.51	12.93	10.07
Net Income	1,604	1,221	1,007	905.94	760.98	550.49
Net Income to Common	1,604	1,221	1,007	905.94	760.98	550.49
Net Income Growth	41.85%	21.17%	11.21%	19.05%	38.24%	9.49%
Shares Outstanding (Basic)	1,003	1,009	1,007	1,007	1,001	1,001
Shares Outstanding (Diluted)	1,003	1,009	1,007	1,007	1,001	1,001
Shares Change (YoY)	-0.64%	0.14%	0.09%	0.53%	0.04%	-0.47%
EPS (Basic)	1.60	1.21	1.00	0.90	0.76	0.55
EPS (Diluted)	1.60	1.21	1.00	0.90	0.76	0.55
EPS Growth	42.76%	21.00%	11.11%	18.42%	38.18%	10.00%
Free Cash Flow	-59.57	22.1	1,090	283.65	-272.15	139.3
Free Cash Flow Per Share	-0.06	0.02	1.08	0.28	-0.27	0.14
Dividend Per Share	0.200	0.200	0.150	0.100	0.080	0.060
Dividend Growth	33.33%	33.33%	50.00%	25.00%	33.33%	-
Gross Margin	21.51%	20.93%	22.13%	18.81%	16.87%	23.34%
Operating Margin	9.38%	7.34%	6.34%	4.92%	2.91%	7.02%
Profit Margin	11.67%	10.43%	9.77%	7.54%	7.49%	8.97%
Free Cash Flow Margin	-0.43%	0.19%	10.57%	2.36%	-2.68%	2.27%
EBITDA	1,536	1,095	876	805.4	504.98	605.96
EBITDA Margin	11.17%	9.35%	8.50%	6.71%	4.97%	9.87%
D&A For EBITDA	245.98	235.73	222.06	214.3	209.09	175.27
EBIT	1,290	859.34	653.93	591.11	295.89	430.69
EBIT Margin	9.38%	7.34%	6.34%	4.92%	2.91%	7.02%
Effective Tax Rate	8.51%	7.25%	9.67%	11.77%	9.28%	14.55%
Revenue as Reported	13,745	11,709	10,310	12,011	10,167	6,138

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.