Hangzhou Huasu 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	265.75	279.63	281.49	247.96	236.61	205.89
Other Revenue	0.06	0.06	0.07	0.06	0.04	0.02
Revenue	265.8	279.69	281.56	248.02	236.65	205.91
Revenue Growth (YoY)	-16.08%	-0.67%	13.53%	4.80%	14.93%	91.94%
Cost of Revenue	172.34	184.8	176.82	135.32	135.26	109.57
Gross Profit	93.46	94.89	104.75	112.7	101.39	96.34
Selling, General & Admin	45.59	40.74	44.24	33.46	27.33	19.11
Research & Development	29.01	25.06	22.84	15.68	12.06	11.5
Other Operating Expenses	-3.77	-4.76	-5.1	-4.51	-5.19	-5.06
Operating Expenses	72.3	71.66	80.68	54.47	39.5	31.54
Operating Income	21.16	23.23	24.07	58.22	61.89	64.8
Interest Expense	-0.24	-0.42	-1.98	-0.39	-0.25	-0.45
Interest & Investment Income	13.67	16.37	14.55	0.74	1.09	0.69
Currency Exchange Gain (Loss)	0.51	0.51	0.47	2.37	-0.35	-0.37
Other Non Operating Income (Expenses)	1.48	0.09	4.25	-1.48	-0.27	-0.18
EBT Excluding Unusual Items	36.59	39.78	41.36	59.47	62.11	64.49
Gain (Loss) on Sale of Assets	-0	-0.31	0	-0	-	-0.01
Asset Writedown	-0.02	-0.01	-0.02	-0	-0	-0.48
Other Unusual Items	1.35	1.35	0	5.54	1.06	0.77
Pretax Income	37.91	40.82	41.35	65.01	63.18	64.77
Income Tax Expense	3.14	3.24	3.54	7.88	7.98	8.62
Earnings From Continuing Operations	34.77	37.58	37.81	57.13	55.19	56.16
Minority Interest in Earnings	0.21	0.24	-	-	-	-
Net Income	34.99	37.83	37.81	57.13	55.19	56.16
Net Income to Common	34.99	37.83	37.81	57.13	55.19	56.16
Net Income Growth	-12.97%	0.06%	-33.82%	3.51%	-1.72%	246.28%
Shares Outstanding (Basic)	60	60	56	45	45	45
Shares Outstanding (Diluted)	60	60	56	45	45	45
Shares Change (YoY)	-0.19%	6.41%	25.44%	0.25%	-0.12%	-
EPS (Basic)	0.58	0.63	0.67	1.27	1.23	1.25
EPS (Diluted)	0.58	0.63	0.67	1.27	1.23	1.25
EPS Growth	-12.80%	-5.97%	-47.24%	3.25%	-1.60%	-
Free Cash Flow	16.52	3.75	-117.13	-3.02	0.48	6.2
Free Cash Flow Per Share	0.28	0.06	-2.08	-0.07	0.01	0.14
Dividend Per Share	0.200	0.200	0.150	0.200	-	-
Dividend Growth	33.33%	33.33%	-25.00%	-	-	-
Gross Margin	35.16%	33.93%	37.20%	45.44%	42.84%	46.79%
Operating Margin	7.96%	8.31%	8.55%	23.47%	26.15%	31.47%
Profit Margin	13.16%	13.53%	13.43%	23.03%	23.32%	27.27%
Free Cash Flow Margin	6.21%	1.34%	-41.60%	-1.22%	0.20%	3.01%
EBITDA	27.57	29.39	29.88	62.15	65	66.22
EBITDA Margin	10.37%	10.51%	10.61%	25.06%	27.47%	32.16%
D&A For EBITDA	6.41	6.16	5.82	3.93	3.11	1.41
EBIT	21.16	23.23	24.07	58.22	61.89	64.8
EBIT Margin	7.96%	8.31%	8.55%	23.47%	26.15%	31.47%
Effective Tax Rate	8.28%	7.93%	8.56%	12.12%	12.64%	13.30%
Revenue as Reported	265.8	279.69	281.56	248.02	236.65	-
Advertising Expenses	-	0.9	3.21	0.65	0.21	0.2

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