Hengbo Holdings 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	955.17	837.95	756.75	687.41	589.05	472.27
Other Revenue	27.16	27.16	28.67	25.64	44.09	101.09
Revenue	982.33	865.11	785.43	713.04	633.14	573.36
Revenue Growth (YoY)	18.28%	10.14%	10.15%	12.62%	10.43%	15.85%
Cost of Revenue	678	593.25	544.81	483.85	421.15	382.16
Gross Profit	304.32	271.86	240.62	229.19	211.99	191.2
Selling, General & Admin	95.27	81.71	75.13	67.26	62.64	51.5
Research & Development	59.98	52.59	45.71	41.25	38.6	30.44
Other Operating Expenses	1.97	1.35	4.87	6.49	6.12	6.24
Operating Expenses	160.06	137.64	126.96	118.24	109.65	98.91
Operating Income	144.26	134.23	113.66	110.94	102.35	92.29
Interest Expense	-0.6	-0.73	-0.12	-0.07	-1.32	-7.18
Interest & Investment Income	7.1	13.71	8.03	0.88	1.48	0.47
Currency Exchange Gain (Loss)	0.24	0.24	0.19	0.77	2.21	-2.45
Other Non Operating Income (Expenses)	0.49	-0.35	-0.46	0.72	2.1	-4.27
EBT Excluding Unusual Items	151.49	147.1	121.3	113.24	106.81	78.87
Gain (Loss) on Sale of Investments	2.55	5.15	1.99	-	-0	-
Gain (Loss) on Sale of Assets	-0.54	-0.14	-0.82	-1.15	-0.03	-1.05
Asset Writedown	5.08	-0.31	-1.22	-0.04	-0.13	-6.18
Other Unusual Items	1.92	1.92	9.86	4.19	1.25	1.9
Pretax Income	160.5	153.72	131.11	116.25	107.9	73.53
Income Tax Expense	21.76	22.68	16.38	12.37	12.52	8.79
Earnings From Continuing Operations	138.74	131.05	114.72	103.88	95.38	64.74
Minority Interest in Earnings	0	-	-	-	-	-
Net Income	138.74	131.05	114.72	103.88	95.38	64.74
Net Income to Common	138.74	131.05	114.72	103.88	95.38	64.74
Net Income Growth	13.28%	14.23%	10.44%	8.91%	47.32%	80.35%
Shares Outstanding (Basic)	101	102	90	78	78	74
Shares Outstanding (Diluted)	101	102	90	78	78	74
Shares Change (YoY)	-0.52%	12.46%	16.53%	0.03%	4.97%	0.89%
EPS (Basic)	1.37	1.29	1.27	1.34	1.23	0.88
EPS (Diluted)	1.37	1.29	1.27	1.34	1.23	0.88
EPS Growth	13.87%	1.57%	-5.22%	8.94%	40.27%	78.96%
Free Cash Flow	-213.68	-118.72	38.48	15.72	66.52	79.79
Free Cash Flow Per Share	-2.11	-1.17	0.43	0.20	0.86	1.08
Dividend Per Share	0.420	0.420	0.400	-	-	-
Dividend Growth	5.00%	5.00%	-	-	-	-
Gross Margin	30.98%	31.42%	30.64%	32.14%	33.48%	33.35%
Operating Margin	14.69%	15.52%	14.47%	15.56%	16.16%	16.10%
Profit Margin	14.12%	15.15%	14.61%	14.57%	15.06%	11.29%
Free Cash Flow Margin	-21.75%	-13.72%	4.90%	2.20%	10.51%	13.92%
EBITDA	183.27	167.22	138.64	132.85	123.16	112.58
EBITDA Margin	18.66%	19.33%	17.65%	18.63%	19.45%	19.63%
D&A For EBITDA	39.01	33	24.98	21.91	20.81	20.29
EBIT	144.26	134.23	113.66	110.94	102.35	92.29
EBIT Margin	14.69%	15.52%	14.47%	15.56%	16.16%	16.10%
Effective Tax Rate	13.56%	14.75%	12.50%	10.64%	11.60%	11.96%
Revenue as Reported	982.33	865.11	785.43	713.04	-	-
Advertising Expenses	-	0.29	0.64	1.05	1.81	0.59

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