Hangzhou Innover Technology Co., Ltd. (SHE:002767)

SHE:002767 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	623.35	588.18	591.98	523.27	439.3	338.12
Other Revenue	32.35	32.35	32.03	39.37	36.24	16.32
Revenue	655.7	620.54	624	562.63	475.54	354.44
Revenue Growth (YoY)	4.91%	-0.56%	10.91%	18.32%	34.17%	11.55%
Cost of Revenue	418.49	402.37	413.02	381.48	332.49	259.99
Gross Profit	237.21	218.16	210.98	181.15	143.05	94.45
Selling, General & Admin	153.56	146.62	130.87	114.97	102.15	67.77
Research & Development	47.77	45.36	40.44	32.99	27.9	23.54
Other Operating Expenses	-7.29	-8.85	-12.01	-3.2	-4.89	-4.49
Operating Expenses	199.77	190.29	160.9	154.44	129.96	92.66
Operating Income	37.44	27.88	50.08	26.71	13.09	1.79
Interest Expense	-0.67	-0.49	-0.42	-0.25	-0.17	-0.18
Interest & Investment Income	3.14	3.47	2.73	7.7	11.04	7.51
Currency Exchange Gain (Loss)	0.01	0.01	0.04	0.25	0.02	-
Other Non Operating Income (Expenses)	-0.09	-0.29	0.36	-0.9	-0.19	-0.14
EBT Excluding Unusual Items	39.83	30.59	52.79	33.51	23.79	8.98
Gain (Loss) on Sale of Investments	-6.39	-8.94	-46.87	-1.57	-1	13.55
Gain (Loss) on Sale of Assets	-0.06	-0.01	0.01	0.5	-	-0.01
Asset Writedown	-0.14	-0.14	-0.03	0	-0.01	-0.07
Other Unusual Items	5.46	4.93	2.88	4.23	3.24	1.59
Pretax Income	38.71	26.43	8.78	36.67	26.02	24.05
Income Tax Expense	0.38	0.75	-0.62	1.52	1.5	3.89
Earnings From Continuing Operations	38.33	25.68	9.4	35.15	24.52	20.16
Minority Interest in Earnings	-0.8	0.79	-1.78	-1.74	-1.26	0.76
Net Income	37.53	26.47	7.62	33.41	23.27	20.91
Net Income to Common	37.53	26.47	7.62	33.41	23.27	20.91
Net Income Growth	-	247.40%	-77.19%	43.62%	11.24%	-24.00%
Shares Outstanding (Basic)	147	147	152	152	145	149
Shares Outstanding (Diluted)	147	147	152	152	145	149
Shares Change (YoY)	-3.49%	-3.50%	0.35%	4.45%	-2.66%	-2.28%
EPS (Basic)	0.26	0.18	0.05	0.22	0.16	0.14
EPS (Diluted)	0.26	0.18	0.05	0.22	0.16	0.14
EPS Growth	-	260.00%	-77.27%	37.50%	14.29%	-22.22%
Free Cash Flow	72.63	35.19	85.94	-48.54	-90.14	-46.97
Free Cash Flow Per Share	0.49	0.24	0.56	-0.32	-0.62	-0.31
Dividend Per Share	0.044	0.044	0.016	-	0.027	0.028
Dividend Growth	175.00%	175.00%	-	-	-3.57%	-20.00%
Gross Margin	36.18%	35.16%	33.81%	32.20%	30.08%	26.65%
Operating Margin	5.71%	4.49%	8.03%	4.75%	2.75%	0.51%
Profit Margin	5.72%	4.27%	1.22%	5.94%	4.89%	5.90%
Free Cash Flow Margin	11.08%	5.67%	13.77%	-8.63%	-18.96%	-13.25%
EBITDA	62.77	52.83	74.53	44.51	27.2	5.25
EBITDA Margin	9.57%	8.51%	11.94%	7.91%	5.72%	1.48%
D&A For EBITDA	25.33	24.95	24.44	17.8	14.11	3.45
EBIT	37.44	27.88	50.08	26.71	13.09	1.79
EBIT Margin	5.71%	4.49%	8.03%	4.75%	2.75%	0.51%
Effective Tax Rate	0.98%	2.84%	-	4.14%	5.75%	16.18%
Revenue as Reported	655.7	620.54	624	562.63	475.54	354.44
Advertising Expenses	-	8.99	6.2	4.93	2.12	1.11

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