Hanshow Technology Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Operating Revenue	4,138	4,486	3,775	2,862	1,613	1,078
Other Revenue	-	-	-	-	-	111.89
Revenue	4,138	4,486	3,775	2,862	1,613	1,190
Revenue Growth (YoY)	3.02%	18.84%	31.91%	77.44%	35.50%	-
Cost of Revenue	2,810	2,940	2,554	2,347	1,269	827.82
Gross Profit	1,328	1,546	1,222	514.4	343.98	362.46
Selling, General & Admin	569.65	523.84	389.46	210.65	203.26	162.36
Research & Development	185.54	197.63	168.42	123.73	122.09	99.59
Other Operating Expenses	24.49	6.67	7.29	2.2	2.49	-0.09
Operating Expenses	781.6	756.36	549.01	351.56	345.52	264.31
Operating Income	546.39	789.86	672.55	162.84	-1.54	98.16
Interest Expense	-4.67	-6.07	-3.55	-5.69	-12.05	-10.98
Interest & Investment Income	57.37	45.83	22.67	12.68	17.37	18.3
Currency Exchange Gain (Loss)	-22.6	-22.6	114.55	78.08	-30.67	0.92
Other Non Operating Income (Expenses)	85.18	-2.63	-2.44	-1.36	-1.68	-27.3
EBT Excluding Unusual Items	661.68	804.39	803.78	246.55	-28.56	79.11
Gain (Loss) on Sale of Investments	-68.36	7.29	-30.72	-35.27	-	-0.35
Gain (Loss) on Sale of Assets	0.07	-0.01	-0.01	0.3	-0.01	0.01
Asset Writedown	-9.94	-	-0.09	-	-	-
Other Unusual Items	14.74	14.74	10.28	14.3	14.84	5.78
Pretax Income	598.19	826.41	783.24	225.88	-13.73	84.55
Income Tax Expense	102.03	116.18	105.59	18.15	-7.11	2.24
Earnings From Continuing Operations	496.15	710.23	677.65	207.73	-6.61	82.31
Minority Interest in Earnings	-	-	-	0.01	0.01	0.18
Net Income	496.15	710.23	677.65	207.74	-6.6	82.49
Net Income to Common	496.15	710.23	677.65	207.74	-6.6	82.49
Net Income Growth	-32.39%	4.81%	226.20%	-	-	-
Shares Outstanding (Basic)	404	380	381	378	330	359
Shares Outstanding (Diluted)	404	380	381	378	330	359
Shares Change (YoY)	6.38%	-0.14%	0.79%	14.41%	-7.95%	-
EPS (Basic)	1.23	1.87	1.78	0.55	-0.02	0.23
EPS (Diluted)	1.23	1.87	1.78	0.55	-0.02	0.23
EPS Growth	-36.45%	4.96%	223.64%	-	-	-
Free Cash Flow	125.02	954.63	566.17	591.11	-96.5	-74.03
Free Cash Flow Per Share	0.31	2.51	1.49	1.56	-0.29	-0.21
Gross Margin	32.09%	34.47%	32.36%	17.97%	21.33%	30.45%
Operating Margin	13.21%	17.61%	17.82%	5.69%	-0.10%	8.25%
Profit Margin	11.99%	15.83%	17.95%	7.26%	-0.41%	6.93%
Free Cash Flow Margin	3.02%	21.28%	15.00%	20.65%	-5.98%	-6.22%
EBITDA	562.35	802.04	679.71	167.7	1.64	100.21
EBITDA Margin	13.59%	17.88%	18.00%	5.86%	0.10%	8.42%
D&A For EBITDA	15.95	12.18	7.15	4.86	3.17	2.05
EBIT	546.39	789.86	672.55	162.84	-1.54	98.16
EBIT Margin	13.21%	17.61%	17.82%	5.69%	-0.10%	8.25%
Effective Tax Rate	17.06%	14.06%	13.48%	8.03%	-	2.65%
Advertising Expenses	-	22.94	-	-	-	-

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