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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	857.07	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	862.13	902.79	1,262	1,034	959.89	1,052
Revenue Growth (YoY)	-20.82%	-28.47%	22.10%	7.69%	-8.77%	-31.48%
Cost of Revenue	610.55	613.4	872.25	745.48	727.03	738.6
Gross Profit	251.58	289.39	389.89	288.25	232.85	313.57
Selling, General & Admin	127.84	123.02	121.08	110.53	125.48	143.05
Research & Development	101.7	104.22	97.57	92.26	100.36	127.47
Other Operating Expenses	6.24	6.47	9.09	5.83	-4.44	5.74
Operating Expenses	236.66	236.04	233.55	207.2	223.24	280.99
Operating Income	14.92	53.36	156.35	81.05	9.61	32.58
Interest Expense	-2.14	-2.14	-1.67	-2.44	-2.37	-0.44
Interest & Investment Income	25.38	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)	0.17	-0.27	-0.08	0.99	-0.79	-0.94
EBT Excluding Unusual Items	46.45	90.04	171.9	90.22	58.71	62.43
Impairment of Goodwill	-	-	-	-	-4.43	-52.51
Gain (Loss) on Sale of Investments	9.8	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	4.22	-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	61.56	101.25	175.62	82.69	59.18	-31.12
Income Tax Expense	-5.21	6.23	18.05	0.78	6.09	-4.65
Earnings From Continuing Operations	66.78	95.02	157.58	81.91	53.08	-26.47
Minority Interest in Earnings	-	-	-	-	-	28.2
Net Income	66.78	95.02	157.58	81.91	53.08	1.72
Net Income to Common	66.78	95.02	157.58	81.91	53.08	1.72
Net Income Growth	-45.61%	-39.70%	92.37%	54.31%	2978.31%	-98.01%
Shares Outstanding (Basic)	706	703	701	698	697	690
Shares Outstanding (Diluted)	706	703	701	698	697	690
Shares Change (YoY)	0.54%	0.38%	0.42%	0.16%	0.99%	-1.59%
EPS (Basic)	0.09	0.14	0.22	0.12	0.08	0.00
EPS (Diluted)	0.09	0.14	0.22	0.12	0.08	0.00
EPS Growth	-45.91%	-39.93%	91.57%	54.07%	2948.00%	-97.98%
Free Cash Flow	214.88	181.98	144.4	-196.44	37.89	345.93
Free Cash Flow Per Share	0.30	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	29.18%	32.05%	30.89%	27.88%	24.26%	29.80%
Operating Margin	1.73%	5.91%	12.39%	7.84%	1.00%	3.10%
Profit Margin	7.75%	10.53%	12.48%	7.92%	5.53%	0.16%
Free Cash Flow Margin	24.93%	20.16%	11.44%	-19.00%	3.95%	32.88%
EBITDA	41.21	79.86	186.75	112.84	43.71	77.59
EBITDA Margin	4.78%	8.85%	14.80%	10.92%	4.55%	7.37%
D&A For EBITDA	26.29	26.51	30.4	31.8	34.1	45.01
EBIT	14.92	53.36	156.35	81.05	9.61	32.58
EBIT Margin	1.73%	5.91%	12.39%	7.84%	1.00%	3.10%
Effective Tax Rate	-	6.16%	10.27%	0.94%	10.30%	-
Revenue as Reported	862.13	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.