Hichain Logistics 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	1,849	1,795	1,526	1,744	1,736	1,389
Other Revenue	102.27	102.27	123.87	83.83	64.15	79.01
Revenue	1,951	1,898	1,650	1,828	1,800	1,468
Revenue Growth (YoY)	18.37%	14.99%	-9.74%	1.55%	22.67%	36.66%
Cost of Revenue	1,445	1,408	1,236	1,414	1,348	1,044
Gross Profit	506.14	489.77	414.11	414.06	452.48	423.34
Selling, General & Admin	155.28	156.12	149.12	146.56	134.26	123.91
Research & Development	42.99	41.84	34.21	28.74	26.55	19.96
Other Operating Expenses	28.19	16.82	13.2	4.19	3.78	4.42
Operating Expenses	228.18	214.71	195.64	179.79	170.12	149.33
Operating Income	277.96	275.06	218.47	234.27	282.36	274.01
Interest Expense	-15.49	-14.38	-6.67	-	-	-0.15
Interest & Investment Income	65.96	72.65	65.78	63.8	30.35	33.55
Earnings From Equity Investments	2.49	-	-	-	-	-
Currency Exchange Gain (Loss)	-39.62	-39.62	21.79	13.59	42.7	-8.09
Other Non Operating Income (Expenses)	-64.99	-36.1	-13.43	-14.63	-8.28	-5.46
EBT Excluding Unusual Items	226.31	257.61	285.94	297.03	347.14	293.87
Gain (Loss) on Sale of Investments	-80.86	-39.08	0	-	-0.35	3.5
Gain (Loss) on Sale of Assets	-1.53	-1.53	3.13	2.85	0.21	0.5
Asset Writedown	-0.76	-0.76	-0.37	0.01	-	0.33
Other Unusual Items	97.25	90.09	83.69	39.51	96.35	82.8
Pretax Income	240.86	306.78	372.66	352.97	445.13	381.32
Income Tax Expense	26.24	37.48	65.05	57.41	75.73	58.86
Earnings From Continuing Operations	214.62	269.3	307.61	295.56	369.4	322.45
Minority Interest in Earnings	-6.44	-4.63	-14.18	-14.41	-11.2	-13.16
Net Income	208.19	264.67	293.43	281.15	358.19	309.3
Net Income to Common	208.19	264.67	293.43	281.15	358.19	309.3
Net Income Growth	-29.19%	-9.80%	4.37%	-21.51%	15.81%	58.81%
Shares Outstanding (Basic)	229	228	228	229	214	213
Shares Outstanding (Diluted)	229	228	228	229	214	213
Shares Change (YoY)	0.66%	0.33%	-0.47%	6.95%	0.21%	20.00%
EPS (Basic)	0.91	1.16	1.29	1.23	1.68	1.45
EPS (Diluted)	0.91	1.16	1.29	1.23	1.68	1.45
EPS Growth	-29.65%	-10.10%	4.86%	-26.61%	15.56%	32.34%
Free Cash Flow	185.65	121.97	218.03	116.19	12.87	203.94
Free Cash Flow Per Share	0.81	0.53	0.96	0.51	0.06	0.96
Dividend Per Share	0.330	0.330	0.400	0.400	0.350	0.281
Dividend Growth	-17.50%	-17.50%	-	14.29%	24.42%	199.89%
Gross Margin	25.94%	25.81%	25.09%	22.65%	25.13%	28.85%
Operating Margin	14.24%	14.50%	13.24%	12.81%	15.68%	18.67%
Profit Margin	10.67%	13.95%	17.78%	15.38%	19.90%	21.07%
Free Cash Flow Margin	9.51%	6.43%	13.21%	6.35%	0.71%	13.90%
EBITDA	365.3	358.47	286.17	274.26	316.25	300.14
EBITDA Margin	18.72%	18.89%	17.34%	15.00%	17.57%	20.45%
D&A For EBITDA	87.34	83.41	67.7	39.99	33.89	26.13
EBIT	277.96	275.06	218.47	234.27	282.36	274.01
EBIT Margin	14.24%	14.50%	13.24%	12.81%	15.68%	18.67%
Effective Tax Rate	10.89%	12.22%	17.46%	16.27%	17.01%	15.44%
Revenue as Reported	1,951	1,898	1,650	1,828	1,800	1,468
Advertising Expenses	-	0.13	0.32	15.78	0.38	1.51

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