Hanwei Electronics Group 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	2,304	2,172	2,221	2,326	2,253	1,891
Other Revenue	55.88	55.88	66.42	68.86	63.32	50.26
Revenue	2,360	2,228	2,287	2,395	2,316	1,941
Revenue Growth (YoY)	1.91%	-2.61%	-4.50%	3.40%	19.32%	6.69%
Cost of Revenue	1,633	1,563	1,599	1,717	1,541	1,292
Gross Profit	726.69	664.73	688.62	678.37	775.41	648.67
Selling, General & Admin	435.03	432.55	400.76	380.15	325.06	298.19
Research & Development	219.85	211.14	191.32	180.43	158.05	128.51
Other Operating Expenses	-11.29	-9.02	-9.62	-146.27	5.94	7
Operating Expenses	706.18	681.14	611.98	464.66	506.51	456.6
Operating Income	20.52	-16.41	76.63	213.72	268.9	192.07
Interest Expense	-27.3	-32.28	-27.98	-39.9	-48.68	-55.19
Interest & Investment Income	2.98	13.6	16.8	164.29	27.97	24.52
Currency Exchange Gain (Loss)	1.23	1.23	0.33	1.76	-1.39	-3.05
Other Non Operating Income (Expenses)	-7.61	0.88	-3.61	-4.03	-2.75	-1.97
EBT Excluding Unusual Items	-10.17	-32.97	62.17	335.84	244.05	156.38
Impairment of Goodwill	-6.82	-6.82	-16.55	-	-	-
Gain (Loss) on Sale of Investments	-	-	-9.37	0.1	0.07	-
Gain (Loss) on Sale of Assets	-0.98	0.07	-0.38	-0.09	-0.11	-0.01
Asset Writedown	-0.92	-0.38	-0.53	-8.29	-1.91	-0.1
Other Unusual Items	114.23	114.23	122.48	0.89	140.36	129.5
Pretax Income	95.34	74.14	157.83	328.45	382.46	285.76
Income Tax Expense	22.64	20.35	25.03	52.21	57.24	36.08
Earnings From Continuing Operations	72.7	53.79	132.8	276.24	325.22	249.68
Minority Interest in Earnings	9.03	22.89	-2	-0.04	-62.03	-44.15
Net Income	81.73	76.68	130.8	276.2	263.19	205.53
Net Income to Common	81.73	76.68	130.8	276.2	263.19	205.53
Net Income Growth	-14.08%	-41.38%	-52.64%	4.94%	28.05%	-
Shares Outstanding (Basic)	329	333	327	325	303	294
Shares Outstanding (Diluted)	329	333	327	325	303	294
Shares Change (YoY)	-0.04%	1.95%	0.64%	7.41%	3.03%	-0.97%
EPS (Basic)	0.25	0.23	0.40	0.85	0.87	0.70
EPS (Diluted)	0.25	0.23	0.40	0.85	0.87	0.70
EPS Growth	-14.04%	-42.50%	-52.94%	-2.30%	24.29%	-
Free Cash Flow	-148.93	-70.2	-134.23	-100.71	-30.31	209.31
Free Cash Flow Per Share	-0.45	-0.21	-0.41	-0.31	-0.10	0.71
Dividend Per Share	0.040	0.070	0.100	0.120	0.080	0.060
Dividend Growth	-69.23%	-30.00%	-16.67%	50.00%	33.33%	172.73%
Gross Margin	30.79%	29.84%	30.11%	28.32%	33.48%	33.42%
Operating Margin	0.87%	-0.74%	3.35%	8.92%	11.61%	9.89%
Profit Margin	3.46%	3.44%	5.72%	11.53%	11.36%	10.59%
Free Cash Flow Margin	-6.31%	-3.15%	-5.87%	-4.21%	-1.31%	10.78%
EBITDA	208.06	161.56	241.83	408.16	443.45	332.2
EBITDA Margin	8.82%	7.25%	10.57%	17.04%	19.15%	17.11%
D&A For EBITDA	187.54	177.97	165.2	194.44	174.56	140.13
EBIT	20.52	-16.41	76.63	213.72	268.9	192.07
EBIT Margin	0.87%	-0.74%	3.35%	8.92%	11.61%	9.89%
Effective Tax Rate	23.75%	27.45%	15.86%	15.90%	14.97%	12.63%
Revenue as Reported	2,360	2,228	2,287	2,395	2,316	1,941
Advertising Expenses	-	11.52	12.47	7.29	6.77	4.87

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