HG Technologies 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	1,171	1,168	1,058	1,075	997.9	866.81
Other Revenue	14.13	14.13	11.61	10.59	7.85	7.48
Revenue	1,186	1,182	1,069	1,085	1,006	874.3
Revenue Growth (YoY)	0.53%	10.50%	-1.46%	7.90%	15.04%	7.19%
Cost of Revenue	962.35	954.98	877.27	890.63	812.72	701.08
Gross Profit	223.27	226.68	192.12	194.6	193.03	173.21
Selling, General & Admin	40.7	41.25	39.61	32.61	30.52	22.91
Research & Development	54.1	55.15	51.1	50.36	44.29	37.48
Other Operating Expenses	6.86	1.99	7.76	2.99	6.13	5.57
Operating Expenses	99.85	95.76	99.54	86.49	82.33	69.78
Operating Income	123.42	130.92	92.58	108.11	110.7	103.43
Interest Expense	-0.2	-0.2	-0.1	-0.23	-0.44	-
Interest & Investment Income	6.7	6.64	6.58	8.51	7.58	3.89
Currency Exchange Gain (Loss)	-0.1	-0.1	1.21	8.82	-3.13	-6.51
Other Non Operating Income (Expenses)	-0.85	-0.4	-0.34	-0.1	-0.1	-0.27
EBT Excluding Unusual Items	128.97	136.85	99.93	125.11	114.61	100.54
Gain (Loss) on Sale of Assets	-1.13	-0.61	-0.54	-0.44	-	-0.31
Other Unusual Items	4.65	4.8	7.64	0.01	12.7	3.58
Pretax Income	132.49	141.03	107.02	124.67	127.3	103.81
Income Tax Expense	15.3	14.66	9.31	12.12	13.97	11.86
Earnings From Continuing Operations	117.19	126.37	97.71	112.55	113.33	91.94
Minority Interest in Earnings	-2.23	-2.43	-2.29	-3.86	-3.68	-1.3
Net Income	114.96	123.94	95.42	108.7	109.65	90.64
Net Income to Common	114.96	123.94	95.42	108.7	109.65	90.64
Net Income Growth	-2.66%	29.89%	-12.22%	-0.87%	20.98%	17.40%
Shares Outstanding (Basic)	296	296	296	296	296	259
Shares Outstanding (Diluted)	296	296	296	296	296	259
Shares Change (YoY)	1.10%	-0.01%	0.01%	-0.01%	14.28%	16.69%
EPS (Basic)	0.39	0.42	0.32	0.37	0.37	0.35
EPS (Diluted)	0.39	0.42	0.32	0.37	0.37	0.35
EPS Growth	-3.72%	29.91%	-12.23%	-0.86%	5.86%	0.63%
Free Cash Flow	115.33	185.41	145.44	-157.32	52.2	68.75
Free Cash Flow Per Share	0.39	0.63	0.49	-0.53	0.18	0.27
Dividend Per Share	0.136	0.136	0.100	0.111	0.075	0.061
Dividend Growth	36.00%	36.00%	-9.91%	48.00%	22.35%	-
Gross Margin	18.83%	19.18%	17.96%	17.93%	19.19%	19.81%
Operating Margin	10.41%	11.08%	8.66%	9.96%	11.01%	11.83%
Profit Margin	9.70%	10.49%	8.92%	10.02%	10.90%	10.37%
Free Cash Flow Margin	9.73%	15.69%	13.60%	-14.50%	5.19%	7.86%
EBITDA	168.9	174.83	134.4	145.56	148.14	137.6
EBITDA Margin	14.25%	14.79%	12.57%	13.41%	14.73%	15.74%
D&A For EBITDA	45.48	43.91	41.83	37.45	37.45	34.17
EBIT	123.42	130.92	92.58	108.11	110.7	103.43
EBIT Margin	10.41%	11.08%	8.66%	9.96%	11.01%	11.83%
Effective Tax Rate	11.55%	10.40%	8.70%	9.72%	10.98%	11.43%
Revenue as Reported	1,186	1,182	1,069	1,085	1,006	874.3
Advertising Expenses	-	0.78	0.55	0.32	0.32	0.45

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