Hengbao Co.,Ltd. (SHE:002104)

Hengbao 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	908.29	897.74	1,247	1,022	958.19	1,043
Other Revenue	5.05	5.05	15.25	11.27	1.7	8.91
Revenue	913.34	902.79	1,262	1,034	959.89	1,052
Revenue Growth (YoY)	-23.55%	-28.47%	22.10%	7.69%	-8.77%	-31.48%
Cost of Revenue	626.18	613.4	872.25	745.48	727.03	738.6
Gross Profit	287.17	289.39	389.89	288.25	232.85	313.57
Selling, General & Admin	122.31	123.02	121.08	110.53	125.48	143.05
Research & Development	102.37	104.22	97.57	92.26	100.36	127.47
Other Operating Expenses	7.38	6.47	9.09	5.83	-4.44	5.74
Operating Expenses	234.69	236.04	233.55	207.2	223.24	280.99
Operating Income	52.47	53.36	156.35	81.05	9.61	32.58
Interest Expense	-1.76	-2.14	-1.67	-2.44	-2.37	-0.44
Interest & Investment Income	35.34	30.97	14.76	6.48	53.54	32.42
Currency Exchange Gain (Loss)	8.11	8.11	2.54	4.15	-1.28	-1.19
Other Non Operating Income (Expenses)	-2.31	-0.27	-0.08	0.99	-0.79	-0.94
EBT Excluding Unusual Items	91.85	90.04	171.9	90.22	58.71	62.43
Impairment of Goodwill	-	-	-	-	-4.43	-52.51
Gain (Loss) on Sale of Investments	6.13	10.84	5.43	-6.57	4.85	3.54
Gain (Loss) on Sale of Assets	0	0	-0.01	-0.03	0.03	-1.02
Asset Writedown	-0.71	-0.71	-0.88	-4.69	0.01	-56.21
Other Unusual Items	1.09	1.09	-0.81	3.76	-	12.65
Pretax Income	98.36	101.25	175.62	82.69	59.18	-31.12
Income Tax Expense	5.63	6.23	18.05	0.78	6.09	-4.65
Earnings From Continuing Operations	92.72	95.02	157.58	81.91	53.08	-26.47
Minority Interest in Earnings	-	-	-	-	-	28.2
Net Income	92.72	95.02	157.58	81.91	53.08	1.72
Net Income to Common	92.72	95.02	157.58	81.91	53.08	1.72
Net Income Growth	-37.99%	-39.70%	92.37%	54.31%	2978.31%	-98.01%
Shares Outstanding (Basic)	705	703	701	698	697	690
Shares Outstanding (Diluted)	705	703	701	698	697	690
Shares Change (YoY)	0.47%	0.38%	0.42%	0.16%	0.99%	-1.59%
EPS (Basic)	0.13	0.14	0.22	0.12	0.08	0.00
EPS (Diluted)	0.13	0.14	0.22	0.12	0.08	0.00
EPS Growth	-38.28%	-39.93%	91.57%	54.07%	2948.00%	-97.98%
Free Cash Flow	242.74	181.98	144.4	-196.44	37.89	345.93
Free Cash Flow Per Share	0.34	0.26	0.21	-0.28	0.05	0.50
Dividend Per Share	0.081	0.081	0.130	-	0.215	-
Dividend Growth	-38.08%	-38.08%	-	-	-	-
Gross Margin	31.44%	32.05%	30.89%	27.88%	24.26%	29.80%
Operating Margin	5.75%	5.91%	12.39%	7.84%	1.00%	3.10%
Profit Margin	10.15%	10.53%	12.48%	7.92%	5.53%	0.16%
Free Cash Flow Margin	26.58%	20.16%	11.44%	-19.00%	3.95%	32.88%
EBITDA	78.01	79.86	186.75	112.84	43.71	77.59
EBITDA Margin	8.54%	8.85%	14.80%	10.92%	4.55%	7.37%
D&A For EBITDA	25.53	26.51	30.4	31.8	34.1	45.01
EBIT	52.47	53.36	156.35	81.05	9.61	32.58
EBIT Margin	5.75%	5.91%	12.39%	7.84%	1.00%	3.10%
Effective Tax Rate	5.73%	6.16%	10.27%	0.94%	10.30%	-
Revenue as Reported	913.34	902.79	1,262	1,034	959.89	1,052
Advertising Expenses	-	0.63	0.13	0.01	0.03	3.31

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