Hengbo Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	1,140	837.95	756.75	687.41	589.05
Other Revenue	-	27.16	28.67	25.64	44.09
Revenue	1,140	865.11	785.43	713.04	633.14
Revenue Growth (YoY)	31.72%	10.14%	10.15%	12.62%	10.43%
Cost of Revenue	808.31	593.25	544.81	483.85	421.15
Gross Profit	331.26	271.86	240.62	229.19	211.99
Selling, General & Admin	106.13	81.71	75.13	67.26	62.64
Research & Development	65.61	52.59	45.71	41.25	38.6
Other Operating Expenses	-2.55	1.35	4.87	6.49	6.12
Operating Expenses	169.2	137.64	126.96	118.24	109.65
Operating Income	162.06	134.23	113.66	110.94	102.35
Interest Expense	-	-0.73	-0.12	-0.07	-1.32
Interest & Investment Income	5.97	13.71	8.03	0.88	1.48
Currency Exchange Gain (Loss)	-	0.24	0.19	0.77	2.21
Other Non Operating Income (Expenses)	-2.79	-0.35	-0.46	0.72	2.1
EBT Excluding Unusual Items	165.23	147.1	121.3	113.24	106.81
Gain (Loss) on Sale of Investments	0.29	5.15	1.99	-	-0
Gain (Loss) on Sale of Assets	-0.92	-0.14	-0.82	-1.15	-0.03
Asset Writedown	-12.73	-0.31	-1.22	-0.04	-0.13
Other Unusual Items	-	1.92	9.86	4.19	1.25
Pretax Income	151.87	153.72	131.11	116.25	107.9
Income Tax Expense	15.49	22.68	16.38	12.37	12.52
Net Income	136.38	131.05	114.72	103.88	95.38
Net Income to Common	136.38	131.05	114.72	103.88	95.38
Net Income Growth	4.07%	14.23%	10.44%	8.91%	47.32%
Shares Outstanding (Basic)	102	102	90	78	78
Shares Outstanding (Diluted)	102	102	90	78	78
Shares Change (YoY)	0.18%	12.46%	16.53%	0.03%	4.97%
EPS (Basic)	1.34	1.29	1.27	1.34	1.23
EPS (Diluted)	1.34	1.29	1.27	1.34	1.23
EPS Growth	3.88%	1.57%	-5.22%	8.94%	40.27%
Free Cash Flow	-274.97	-118.72	38.48	15.72	66.52
Free Cash Flow Per Share	-2.70	-1.17	0.43	0.20	0.86
Dividend Per Share	-	0.420	0.400	-	-
Dividend Growth	-	5.00%	-	-	-
Gross Margin	29.07%	31.42%	30.64%	32.14%	33.48%
Operating Margin	14.22%	15.52%	14.47%	15.56%	16.16%
Profit Margin	11.97%	15.15%	14.61%	14.57%	15.06%
Free Cash Flow Margin	-24.13%	-13.72%	4.90%	2.20%	10.51%
EBITDA	203.66	167.22	138.64	132.85	123.16
EBITDA Margin	17.87%	19.33%	17.65%	18.63%	19.45%
D&A For EBITDA	41.6	33	24.98	21.91	20.81
EBIT	162.06	134.23	113.66	110.94	102.35
EBIT Margin	14.22%	15.52%	14.47%	15.56%	16.16%
Effective Tax Rate	10.20%	14.75%	12.50%	10.64%	11.60%
Revenue as Reported	-	865.11	785.43	713.04	-
Advertising Expenses	-	0.29	0.64	1.05	1.81

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