Hwaxin Environmental Co.,Ltd. (SHE:301265)

Hwaxin Environmental Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	789.31	628.31	712.45	739.18	772.19	559.29
Other Revenue	15.3	12.86	17.58	13.04	9.53	10.22
Revenue	804.61	641.17	730.03	752.22	781.72	569.51
Revenue Growth (YoY)	30.03%	-12.17%	-2.95%	-3.77%	37.26%	-2.35%
Cost of Revenue	665.81	530.43	547.62	542.43	517.54	341.22
Gross Profit	138.81	110.73	182.4	209.78	264.18	228.29
Selling, General & Admin	61.86	59.18	58.68	53.33	55.13	48.52
Research & Development	18.73	16.63	17.77	17.76	26.73	23.68
Other Operating Expenses	6.03	4.66	8.09	7.6	9.46	7.52
Operating Expenses	85.24	79.89	92.42	88.35	100.7	85.57
Operating Income	53.57	30.84	89.98	121.44	163.49	142.72
Interest Expense	-5.07	-5.03	-4.95	-6.56	-4.48	-5
Interest & Investment Income	12.65	16.28	23.18	4.62	4.06	4.37
Currency Exchange Gain (Loss)	0	-	-0	-	-	-
Other Non Operating Income (Expenses)	2.91	4.79	-15.37	-0.65	0.55	-0.7
EBT Excluding Unusual Items	64.05	46.88	92.84	118.85	163.61	141.39
Gain (Loss) on Sale of Investments	0.01	0.01	-	-	-	0
Gain (Loss) on Sale of Assets	-4.24	-4.37	-0.01	0.2	0.03	-0.35
Asset Writedown	-0.01	-	-0.41	-0.19	-3.55	-1.39
Other Unusual Items	2.16	1.09	4.26	4.29	7.7	3.85
Pretax Income	61.96	43.6	96.68	123.14	167.78	143.5
Income Tax Expense	2.25	-0.37	8.79	11.84	11.48	11.55
Earnings From Continuing Operations	59.71	43.97	87.89	111.3	156.31	131.95
Minority Interest in Earnings	3.55	3.27	0.74	0.26	0.1	-0.03
Net Income	63.26	47.24	88.63	111.56	156.41	131.92
Net Income to Common	63.26	47.24	88.63	111.56	156.41	131.92
Net Income Growth	30.91%	-46.70%	-20.56%	-28.67%	18.56%	53.77%
Shares Outstanding (Basic)	293	300	306	228	227	227
Shares Outstanding (Diluted)	293	300	306	228	227	227
Shares Change (YoY)	-7.21%	-1.73%	34.23%	0.44%	-0.34%	11.35%
EPS (Basic)	0.22	0.16	0.29	0.49	0.69	0.58
EPS (Diluted)	0.22	0.16	0.29	0.49	0.69	0.58
EPS Growth	41.08%	-45.76%	-40.82%	-28.99%	18.97%	38.09%
Free Cash Flow	-180.07	-123.77	-124.55	44.12	29.47	92.87
Free Cash Flow Per Share	-0.61	-0.41	-0.41	0.19	0.13	0.41
Dividend Per Share	0.040	0.040	-	0.200	-	-
Gross Margin	17.25%	17.27%	24.99%	27.89%	33.79%	40.09%
Operating Margin	6.66%	4.81%	12.33%	16.14%	20.91%	25.06%
Profit Margin	7.86%	7.37%	12.14%	14.83%	20.01%	23.16%
Free Cash Flow Margin	-22.38%	-19.30%	-17.06%	5.87%	3.77%	16.31%
EBITDA	90.4	64.96	122.5	152.23	192.11	163.71
EBITDA Margin	11.24%	10.13%	16.78%	20.24%	24.58%	28.75%
D&A For EBITDA	36.83	34.11	32.52	30.8	28.63	21
EBIT	53.57	30.84	89.98	121.44	163.49	142.72
EBIT Margin	6.66%	4.81%	12.33%	16.14%	20.91%	25.06%
Effective Tax Rate	3.63%	-	9.10%	9.62%	6.84%	8.05%
Revenue as Reported	804.61	641.17	730.03	752.22	781.72	-

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