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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	2,265	2,359	2,172	2,221	2,326	2,253
Other Revenue	54.83	54.83	55.88	66.42	68.86	63.32
Revenue	2,320	2,414	2,228	2,287	2,395	2,316
Revenue Growth (YoY)	3.70%	8.35%	-2.61%	-4.50%	3.40%	19.32%
Cost of Revenue	1,545	1,668	1,563	1,599	1,717	1,541
Gross Profit	774.2	745.84	664.73	688.62	678.37	775.41
Selling, General & Admin	446.7	446.94	432.55	400.76	380.15	325.06
Research & Development	237.24	234.87	211.14	191.32	180.43	158.05
Other Operating Expenses	4.84	-15.6	-9.02	-9.62	-146.27	5.94
Operating Expenses	727.55	704.98	681.14	611.98	464.66	506.51
Operating Income	46.65	40.86	-16.41	76.63	213.72	268.9
Interest Expense	-25.7	-25.7	-32.28	-27.98	-39.9	-48.68
Interest & Investment Income	87.46	87.46	13.6	16.8	164.29	27.97
Currency Exchange Gain (Loss)	-0.72	-0.72	1.23	0.33	1.76	-1.39
Other Non Operating Income (Expenses)	-7.84	-3.84	0.88	-3.61	-4.03	-2.75
EBT Excluding Unusual Items	99.85	98.06	-32.97	62.17	335.84	244.05
Impairment of Goodwill	-10.54	-10.54	-6.82	-16.55	-	-
Gain (Loss) on Sale of Investments	0.25	0.26	-	-9.37	0.1	0.07
Gain (Loss) on Sale of Assets	1.22	0.94	0.07	-0.38	-0.09	-0.11
Asset Writedown	-1.76	-1.87	-0.38	-0.53	-8.29	-1.91
Other Unusual Items	115.43	115.43	114.23	122.48	0.89	140.36
Pretax Income	204.46	202.29	74.14	157.83	328.45	382.46
Income Tax Expense	51.8	50.67	20.35	25.03	52.21	57.24
Earnings From Continuing Operations	152.66	151.62	53.79	132.8	276.24	325.22
Minority Interest in Earnings	13.96	7.2	22.89	-2	-0.04	-62.03
Net Income	166.62	158.82	76.68	130.8	276.2	263.19
Net Income to Common	166.62	158.82	76.68	130.8	276.2	263.19
Net Income Growth	110.56%	107.11%	-41.38%	-52.64%	4.94%	28.05%
Shares Outstanding (Basic)	317	324	333	327	325	303
Shares Outstanding (Diluted)	317	324	333	327	325	303
Shares Change (YoY)	-3.29%	-2.78%	1.95%	0.64%	7.41%	3.03%
EPS (Basic)	0.53	0.49	0.23	0.40	0.85	0.87
EPS (Diluted)	0.53	0.49	0.23	0.40	0.85	0.87
EPS Growth	117.74%	113.04%	-42.50%	-52.94%	-2.30%	24.29%
Free Cash Flow	-124.91	-53.17	-70.2	-134.23	-100.71	-30.31
Free Cash Flow Per Share	-0.39	-0.16	-0.21	-0.41	-0.31	-0.10
Dividend Per Share	0.050	0.050	0.070	0.100	0.120	0.080
Dividend Growth	-28.57%	-28.57%	-30.00%	-16.67%	50.00%	33.33%
Gross Margin	33.38%	30.90%	29.84%	30.11%	28.32%	33.48%
Operating Margin	2.01%	1.69%	-0.74%	3.35%	8.92%	11.61%
Profit Margin	7.18%	6.58%	3.44%	5.72%	11.53%	11.36%
Free Cash Flow Margin	-5.38%	-2.20%	-3.15%	-5.87%	-4.21%	-1.31%
EBITDA	208.68	206.65	164.44	241.83	408.16	443.45
EBITDA Margin	9.00%	8.56%	7.38%	10.57%	17.04%	19.15%
D&A For EBITDA	162.03	165.79	180.85	165.2	194.44	174.56
EBIT	46.65	40.86	-16.41	76.63	213.72	268.9
EBIT Margin	2.01%	1.69%	-0.74%	3.35%	8.92%	11.61%
Effective Tax Rate	25.34%	25.05%	27.45%	15.86%	15.90%	14.97%
Revenue as Reported	2,414	2,414	2,228	2,287	2,395	2,316
Advertising Expenses	-	12.71	11.52	12.47	7.29	6.77

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