Hotai Motor Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	243,835	242,350	241,767	214,889	220,561	210,379	Upgrade
Other Revenue	39,126	39,495	36,811	30,423	25,750	20,957	Upgrade
Revenue	282,960	281,846	278,579	245,312	246,311	231,336	Upgrade
Revenue Growth (YoY)	1.22%	1.17%	13.56%	-0.41%	6.47%	8.36%	Upgrade
Cost of Revenue	214,588	213,728	213,104	186,634	192,812	185,546	Upgrade
Gross Profit	59,426	59,833	57,196	7,819	43,665	38,252	Upgrade
Selling, General & Admin	19,190	19,397	18,560	16,006	16,017	14,233	Upgrade
Research & Development	338.43	260.69	136.13	122.67	110.89	95.23	Upgrade
Other Operating Expenses	511.6	288.66	246.8	77.3	103.91	42.78	Upgrade
Operating Expenses	25,474	25,513	22,389	18,064	17,370	15,742	Upgrade
Operating Income	33,952	34,320	34,807	-10,246	26,295	22,510	Upgrade
Interest Expense	-7,369	-7,166	-5,741	-3,195	-1,930	-1,862	Upgrade
Currency Exchange Gain (Loss)	377.65	246.62	711.75	439.53	586.12	446.47	Upgrade
Other Non Operating Income (Expenses)	-	-	-	539.99	-	-	Upgrade
EBT Excluding Unusual Items	26,960	27,401	29,778	-12,462	24,951	21,094	Upgrade
Impairment of Goodwill	-	-	-	-662.32	-	-	Upgrade
Gain (Loss) on Sale of Investments	-235.27	-228.39	-465.76	-1,104	-	-	Upgrade
Gain (Loss) on Sale of Assets	68.99	709.26	186.73	23.09	20.07	30.75	Upgrade
Asset Writedown	-	-	-	-430.15	-	-	Upgrade
Pretax Income	26,794	27,882	29,499	-14,635	24,971	21,125	Upgrade
Income Tax Expense	5,380	3,931	3,368	1,111	5,413	4,590	Upgrade
Earnings From Continuing Operations	21,414	23,950	26,130	-15,746	19,558	16,535	Upgrade
Minority Interest in Earnings	-3,137	-3,483	-3,273	-3,584	-3,347	-2,686	Upgrade
Net Income	18,277	20,467	22,858	-19,330	16,211	13,849	Upgrade
Net Income to Common	18,277	20,467	22,858	-19,330	16,211	13,849	Upgrade
Net Income Growth	-10.58%	-10.46%	-	-	17.05%	17.67%	Upgrade
Shares Outstanding (Basic)	557	557	557	557	557	557	Upgrade
Shares Outstanding (Diluted)	558	558	557	557	557	557	Upgrade
Shares Change (YoY)	0.02%	0.02%	0.06%	-0.07%	0.01%	0.01%	Upgrade
EPS (Basic)	32.81	36.74	41.03	-34.70	29.10	24.86	Upgrade
EPS (Diluted)	32.78	36.71	41.00	-34.70	29.08	24.84	Upgrade
EPS Growth	-10.58%	-10.46%	-	-	17.05%	17.64%	Upgrade
Free Cash Flow	25,459	-1,356	-44,179	-66,650	-22,907	-4,422	Upgrade
Free Cash Flow Per Share	45.66	-2.43	-79.25	-119.64	-41.09	-7.93	Upgrade
Dividend Per Share	20.000	20.000	20.000	1.961	19.608	16.667	Upgrade
Dividend Growth	-	-	919.99%	-90.00%	17.65%	21.43%	Upgrade
Gross Margin	21.00%	21.23%	20.53%	3.19%	17.73%	16.54%	Upgrade
Operating Margin	12.00%	12.18%	12.50%	-4.18%	10.67%	9.73%	Upgrade
Profit Margin	6.46%	7.26%	8.21%	-7.88%	6.58%	5.99%	Upgrade
Free Cash Flow Margin	9.00%	-0.48%	-15.86%	-27.17%	-9.30%	-1.91%	Upgrade
EBITDA	48,001	47,678	47,301	1,240	36,499	31,649	Upgrade
EBITDA Margin	16.96%	16.92%	16.98%	0.51%	14.82%	13.68%	Upgrade
D&A For EBITDA	14,049	13,358	12,494	11,486	10,204	9,140	Upgrade
EBIT	33,952	34,320	34,807	-10,246	26,295	22,510	Upgrade
EBIT Margin	12.00%	12.18%	12.50%	-4.18%	10.67%	9.73%	Upgrade
Effective Tax Rate	20.08%	14.10%	11.42%	-	21.68%	21.73%	Upgrade
Revenue as Reported	283,214	282,802	279,477	245,775	246,917	231,813	Upgrade

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