Zhejiang Hongxin Technology Co., Ltd. (SHE:301539)

SHE:301539 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	827.21	802.32	771.03	746.86	715.08	617.24
Other Revenue	226.11	226.11	190.58	209.59	231.66	-
Revenue	1,053	1,028	961.61	956.45	946.74	617.24
Revenue Growth (YoY)	6.48%	6.95%	0.54%	1.03%	53.38%	13.81%
Cost of Revenue	900.26	875.89	802.22	817.64	810.02	492.56
Gross Profit	153.06	152.54	159.39	138.81	136.72	124.68
Selling, General & Admin	67.89	64.51	39.35	41.05	42.19	39.82
Research & Development	34.03	33.63	30.5	29.6	29.91	19.65
Other Operating Expenses	0.66	0.33	1.04	-9.09	-6.68	-0.98
Operating Expenses	107.57	102.43	76.75	61.72	65.49	58.91
Operating Income	45.49	50.11	82.65	77.09	71.23	65.77
Interest Expense	-2.28	-2.48	-5.17	-7.84	-3.22	-4.73
Interest & Investment Income	4.27	4.3	2.59	2.26	4.52	3.06
Currency Exchange Gain (Loss)	3.68	3.68	4.19	9.99	-2.43	-2.98
Other Non Operating Income (Expenses)	-0.54	-1.07	-0.53	-0.46	-0.63	-1.05
EBT Excluding Unusual Items	50.61	54.54	83.72	81.04	69.47	60.07
Gain (Loss) on Sale of Investments	-0.44	-0.6	-1.52	-1.15	-	-
Gain (Loss) on Sale of Assets	0.14	0.14	0.02	0.02	-0.22	0.39
Legal Settlements	-	-	-	-0.9	-1.05	-0.72
Other Unusual Items	-0.03	0	-0.48	-0.43	7.1	0.13
Pretax Income	50.4	54.07	81.75	78.57	75.3	59.87
Income Tax Expense	3.03	3.94	8.8	6.11	7.19	7.74
Net Income	47.37	50.13	72.94	72.46	68.11	52.12
Net Income to Common	47.37	50.13	72.94	72.46	68.11	52.12
Net Income Growth	-35.40%	-31.27%	0.67%	6.39%	30.67%	20.83%
Shares Outstanding (Basic)	145	136	111	111	111	111
Shares Outstanding (Diluted)	145	136	111	111	111	111
Shares Change (YoY)	33.15%	22.75%	-0.86%	0.43%	-	-
EPS (Basic)	0.33	0.37	0.66	0.65	0.61	0.47
EPS (Diluted)	0.33	0.37	0.66	0.65	0.61	0.47
EPS Growth	-51.49%	-44.01%	1.54%	6.56%	29.90%	-
Free Cash Flow	-247.94	-158.81	47.83	41.54	-110.23	-2.34
Free Cash Flow Per Share	-1.71	-1.17	0.43	0.37	-0.99	-0.02
Dividend Per Share	0.100	0.100	0.200	-	-	-
Dividend Growth	-50.00%	-50.00%	-	-	-	-
Gross Margin	14.53%	14.83%	16.57%	14.51%	14.44%	20.20%
Operating Margin	4.32%	4.87%	8.59%	8.06%	7.52%	10.66%
Profit Margin	4.50%	4.87%	7.58%	7.58%	7.19%	8.45%
Free Cash Flow Margin	-23.54%	-15.44%	4.97%	4.34%	-11.64%	-0.38%
EBITDA	87.71	91.86	122.51	112.82	95.39	85.33
EBITDA Margin	8.33%	8.93%	12.74%	11.80%	10.08%	13.82%
D&A For EBITDA	42.22	41.75	39.87	35.73	24.16	19.56
EBIT	45.49	50.11	82.65	77.09	71.23	65.77
EBIT Margin	4.32%	4.87%	8.59%	8.06%	7.52%	10.66%
Effective Tax Rate	6.01%	7.29%	10.77%	7.78%	9.55%	12.93%
Revenue as Reported	1,053	1,028	961.61	956.45	-	-

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