Hubei Forbon Technology 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	1,320	1,234	1,047	845.76	680.18	618.41
Other Revenue	1	1	1.18	1.76	2.83	27.02
Revenue	1,321	1,235	1,049	847.52	683	645.43
Revenue Growth (YoY)	7.46%	17.79%	23.72%	24.09%	5.82%	10.89%
Cost of Revenue	995.71	892.81	779.74	638.69	492.07	446.76
Gross Profit	324.87	342.27	268.8	208.83	190.94	198.67
Selling, General & Admin	150.09	150.5	122.13	97.01	89.88	82.47
Research & Development	44.06	46.85	42.23	27.75	28.83	19.44
Other Operating Expenses	5.57	5.82	3.8	3.18	2.44	1.85
Operating Expenses	204.07	205.5	169.51	129.72	119.85	116.03
Operating Income	120.8	136.77	99.29	79.12	71.08	82.63
Interest Expense	-16.45	-13.36	-12.89	-14.56	-14.82	-10.26
Interest & Investment Income	6.94	4.04	2.6	4.05	3.35	1.71
Currency Exchange Gain (Loss)	-0.67	-0.67	-0.36	0.59	-3.69	8.67
Other Non Operating Income (Expenses)	-0.4	0.05	-1.21	-0.8	-0.63	-0.77
EBT Excluding Unusual Items	110.22	126.83	87.43	68.39	55.3	81.97
Impairment of Goodwill	-	-	-	-	-10.09	-5.56
Gain (Loss) on Sale of Investments	-0.61	-1.03	0.06	-	-	-0.58
Gain (Loss) on Sale of Assets	-0.04	0.02	0	0.06	-	-
Asset Writedown	-11.37	-11.75	-0	0	-0.56	0.07
Other Unusual Items	7.38	7.38	-1.46	1.37	2.61	1.73
Pretax Income	105.58	121.45	86.03	69.82	47.25	77.63
Income Tax Expense	20.68	25.93	19.36	12.08	7.47	10.57
Earnings From Continuing Operations	84.89	95.52	66.68	57.74	39.78	67.07
Minority Interest in Earnings	-2.61	-1.93	4.87	-3.89	-0.33	2.12
Net Income	82.29	93.59	71.55	53.85	39.45	69.18
Net Income to Common	82.29	93.59	71.55	53.85	39.45	69.18
Net Income Growth	-19.41%	30.81%	32.86%	36.49%	-42.97%	13.59%
Shares Outstanding (Basic)	292	292	286	283	282	288
Shares Outstanding (Diluted)	292	292	286	283	282	288
Shares Change (YoY)	2.20%	2.19%	0.97%	0.57%	-2.24%	-0.61%
EPS (Basic)	0.28	0.32	0.25	0.19	0.14	0.24
EPS (Diluted)	0.28	0.32	0.25	0.19	0.14	0.24
EPS Growth	-21.14%	28.00%	31.58%	35.71%	-41.67%	14.29%
Free Cash Flow	54.17	128	83.54	21.6	73.49	40.26
Free Cash Flow Per Share	0.18	0.44	0.29	0.08	0.26	0.14
Dividend Per Share	0.070	0.070	0.060	0.050	0.050	0.050
Dividend Growth	16.67%	16.67%	20.00%	-	-	-
Gross Margin	24.60%	27.71%	25.64%	24.64%	27.96%	30.78%
Operating Margin	9.15%	11.07%	9.47%	9.34%	10.41%	12.80%
Profit Margin	6.23%	7.58%	6.82%	6.35%	5.78%	10.72%
Free Cash Flow Margin	4.10%	10.36%	7.97%	2.55%	10.76%	6.24%
EBITDA	163.45	174.39	130.2	103.26	94.64	105.56
EBITDA Margin	12.38%	14.12%	12.42%	12.18%	13.86%	16.35%
D&A For EBITDA	42.65	37.62	30.91	24.14	23.56	22.92
EBIT	120.8	136.77	99.29	79.12	71.08	82.63
EBIT Margin	9.15%	11.07%	9.47%	9.34%	10.41%	12.80%
Effective Tax Rate	19.59%	21.35%	22.50%	17.30%	15.82%	13.61%
Revenue as Reported	1,321	1,235	1,049	847.52	683	645.43
Advertising Expenses	-	1.95	1.53	0.86	0.32	0.28

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