Hsinjing Holding 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	324.12	352.99	760.17	1,276	675.65
Revenue Growth (YoY)	-8.18%	-53.56%	-40.42%	88.84%	299.74%
Cost of Revenue	282.15	250.03	630.29	1,064	546.06
Gross Profit	41.97	102.96	129.88	211.49	129.59
Selling, General & Admin	94.02	113.06	131.25	96.3	75.93
Other Operating Expenses	-0.42	-0.42	-6.21	2.57	11.2
Operating Expenses	98.83	112.64	125.65	97.21	86.26
Operating Income	-56.86	-9.68	4.23	114.28	43.34
Interest Expense	-48.73	-26.89	-17.55	-10.63	-7.11
Interest & Investment Income	1.74	2.94	2.19	0.52	0.22
Earnings From Equity Investments	-5.56	2.53	-11.28	0.75	2.07
Currency Exchange Gain (Loss)	-0.06	-0.14	-0.47	-1.71	0.07
Other Non Operating Income (Expenses)	-0.29	-18.92	-10.69	-19.1	-5.41
EBT Excluding Unusual Items	-109.77	-50.17	-33.56	84.1	33.18
Gain (Loss) on Sale of Investments	-	-2.59	8.87	-12.12	0.09
Gain (Loss) on Sale of Assets	27.05	-	0.07	-0.02	-0.18
Other Unusual Items	-	10.41	0.67	-	0.01
Pretax Income	-82.71	-42.35	-23.96	71.97	33.09
Income Tax Expense	7.82	0.67	0.58	2.41	-
Earnings From Continuing Operations	-90.53	-43.01	-24.54	69.57	33.09
Minority Interest in Earnings	-1.16	1.41	3.36	-0.87	0.49
Net Income	-91.69	-41.6	-21.17	68.7	33.58
Net Income to Common	-91.69	-41.6	-21.17	68.7	33.58
Net Income Growth	-	-	-	104.56%	556.05%
Shares Outstanding (Basic)	81	78	78	78	78
Shares Outstanding (Diluted)	81	78	78	78	78
Shares Change (YoY)	4.00%	-	-	-	-
EPS (Basic)	-1.13	-0.53	-0.27	0.88	0.43
EPS (Diluted)	-1.13	-0.53	-0.27	0.88	0.43
EPS Growth	-	-	-	104.58%	555.97%
Free Cash Flow	-192.05	-323.34	-362.56	-488.7	-159.93
Free Cash Flow Per Share	-2.37	-4.14	-4.64	-6.26	-2.05
Gross Margin	12.95%	29.17%	17.09%	16.58%	19.18%
Operating Margin	-17.54%	-2.74%	0.56%	8.96%	6.41%
Profit Margin	-28.29%	-11.79%	-2.79%	5.38%	4.97%
Free Cash Flow Margin	-59.25%	-91.60%	-47.69%	-38.30%	-23.67%
EBITDA	31.42	39.27	43.62	142.3	62.75
EBITDA Margin	9.69%	11.12%	5.74%	11.15%	9.29%
D&A For EBITDA	88.28	48.95	39.39	28.02	19.41
EBIT	-56.86	-9.68	4.23	114.28	43.34
EBIT Margin	-17.54%	-2.74%	0.56%	8.96%	6.41%
Effective Tax Rate	-	-	-	3.34%	-

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