Hai Kwang Enterprise Income Statement

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

Millions TWD. 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,923	9,724	9,365	11,045	10,225
Revenue Growth (YoY)	-8.24%	3.84%	-15.21%	8.02%	34.53%
Cost of Revenue	8,806	9,484	9,113	10,736	9,492
Gross Profit	117.58	240.52	252.32	309.07	732.83
Selling, General & Admin	191.76	203.78	202.72	207.24	211.14
Research & Development	3.5	3.03	1.21	0.58	0.79
Operating Expenses	195.26	206.81	203.93	207.82	211.93
Operating Income	-77.68	33.71	48.38	101.25	520.9
Interest Expense	-100.39	-93.03	-86	-63.6	-37.64
Interest & Investment Income	4.97	50.17	73.66	45.34	31.25
Currency Exchange Gain (Loss)	-	-1.46	-27.82	-128.07	39.42
Other Non Operating Income (Expenses)	46.23	7.57	5.15	285.61	3.92
EBT Excluding Unusual Items	-126.86	-3.03	13.37	240.53	557.85
Gain (Loss) on Sale of Investments	-	37.82	23.92	-	-
Gain (Loss) on Sale of Assets	-	10.16	-	-2.46	0.04
Pretax Income	-126.86	44.95	37.29	238.07	557.89
Income Tax Expense	1.02	25.26	7.3	53.97	114.93
Earnings From Continuing Operations	-127.88	19.69	29.99	184.1	442.96
Minority Interest in Earnings	18.83	18.03	23.33	26.73	16.75
Net Income	-109.05	37.72	53.32	210.83	459.71
Net Income to Common	-109.05	37.72	53.32	210.83	459.71
Net Income Growth	-	-29.26%	-74.71%	-54.14%	190.90%
Shares Outstanding (Basic)	195	194	194	194	194
Shares Outstanding (Diluted)	195	194	194	195	195
Shares Change (YoY)	0.18%	0.04%	-0.16%	0.03%	0.10%
EPS (Basic)	-0.56	0.19	0.27	1.09	2.37
EPS (Diluted)	-0.56	0.19	0.27	1.08	2.36
EPS Growth	-	-29.22%	-74.55%	-54.35%	190.82%
Free Cash Flow	128.86	-557.76	-417.87	-399.88	605.15
Free Cash Flow Per Share	0.66	-2.87	-2.15	-2.06	3.11
Dividend Per Share	-	0.196	-	-	1.401
Dividend Growth	-	-	-	-	199.98%
Gross Margin	1.32%	2.47%	2.69%	2.80%	7.17%
Operating Margin	-0.87%	0.35%	0.52%	0.92%	5.09%
Profit Margin	-1.22%	0.39%	0.57%	1.91%	4.50%
Free Cash Flow Margin	1.44%	-5.74%	-4.46%	-3.62%	5.92%
EBITDA	262.33	361.97	347.49	359.61	725.26
EBITDA Margin	2.94%	3.72%	3.71%	3.26%	7.09%
D&A For EBITDA	340.01	328.26	299.1	258.36	204.36
EBIT	-77.68	33.71	48.38	101.25	520.9
EBIT Margin	-0.87%	0.35%	0.52%	0.92%	5.09%
Effective Tax Rate	-	56.19%	19.57%	22.67%	20.60%
Revenue as Reported	8,923	9,724	9,365	11,045	10,225

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.