HG Technologies 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	1,172	1,178	1,168	1,058	1,075	997.9
Other Revenue	13.41	13.41	14.13	11.61	10.59	7.85
Revenue	1,186	1,192	1,182	1,069	1,085	1,006
Revenue Growth (YoY)	-1.42%	0.84%	10.50%	-1.46%	7.90%	15.04%
Cost of Revenue	967.67	971.68	954.98	877.27	890.63	812.72
Gross Profit	218.02	219.9	226.68	192.12	194.6	193.03
Selling, General & Admin	35.64	37.34	41.25	39.61	32.61	30.52
Research & Development	52.31	52.38	55.15	51.1	50.36	44.29
Other Operating Expenses	3.63	3.74	1.99	7.76	2.99	6.13
Operating Expenses	91.12	93	95.76	99.54	86.49	82.33
Operating Income	126.9	126.9	130.92	92.58	108.11	110.7
Interest Expense	-0.17	-0.17	-0.2	-0.1	-0.23	-0.44
Interest & Investment Income	7.22	7.22	6.64	6.58	8.51	7.58
Currency Exchange Gain (Loss)	-1.1	-1.1	-0.1	1.21	8.82	-3.13
Other Non Operating Income (Expenses)	-1.16	-0.27	-0.4	-0.34	-0.1	-0.1
EBT Excluding Unusual Items	131.69	132.57	136.85	99.93	125.11	114.61
Gain (Loss) on Sale of Assets	-0.37	-0.5	-0.61	-0.54	-0.44	-
Other Unusual Items	1.14	1.14	4.8	7.64	0.01	12.7
Pretax Income	132.46	133.21	141.03	107.02	124.67	127.3
Income Tax Expense	15.53	16.2	14.66	9.31	12.12	13.97
Earnings From Continuing Operations	116.93	117	126.37	97.71	112.55	113.33
Minority Interest in Earnings	-2.87	-2.59	-2.43	-2.29	-3.86	-3.68
Net Income	114.06	114.41	123.94	95.42	108.7	109.65
Net Income to Common	114.06	114.41	123.94	95.42	108.7	109.65
Net Income Growth	-8.66%	-7.68%	29.89%	-12.22%	-0.87%	20.98%
Shares Outstanding (Basic)	295	296	296	296	296	296
Shares Outstanding (Diluted)	295	296	296	296	296	296
Shares Change (YoY)	1.77%	0.01%	-0.01%	0.01%	-0.01%	14.28%
EPS (Basic)	0.39	0.39	0.42	0.32	0.37	0.37
EPS (Diluted)	0.39	0.39	0.42	0.32	0.37	0.37
EPS Growth	-10.25%	-7.69%	29.91%	-12.23%	-0.86%	5.86%
Free Cash Flow	51.23	64.99	185.41	145.44	-157.32	52.2
Free Cash Flow Per Share	0.17	0.22	0.63	0.49	-0.53	0.18
Dividend Per Share	0.116	0.116	0.136	0.100	0.111	0.075
Dividend Growth	-14.71%	-14.71%	36.00%	-9.91%	48.00%	22.35%
Gross Margin	18.39%	18.45%	19.18%	17.96%	17.93%	19.19%
Operating Margin	10.70%	10.65%	11.08%	8.66%	9.96%	11.01%
Profit Margin	9.62%	9.60%	10.49%	8.92%	10.02%	10.90%
Free Cash Flow Margin	4.32%	5.45%	15.69%	13.60%	-14.50%	5.19%
EBITDA	168.31	168.84	175.01	134.4	145.56	148.14
EBITDA Margin	14.19%	14.17%	14.81%	12.57%	13.41%	14.73%
D&A For EBITDA	41.41	41.94	44.09	41.83	37.45	37.45
EBIT	126.9	126.9	130.92	92.58	108.11	110.7
EBIT Margin	10.70%	10.65%	11.08%	8.66%	9.96%	11.01%
Effective Tax Rate	11.72%	12.16%	10.40%	8.70%	9.72%	10.98%
Revenue as Reported	1,192	1,192	1,182	1,069	1,085	1,006
Advertising Expenses	-	0.49	0.78	0.55	0.32	0.32

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