悍高集团 (001221.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.7B	3.6B	2.9B	2.2B	1.6B
Cost of Revenue	2.3B	2.3B	1.8B	1.5B	1.1B
Gross Profit	1.4B	1.3B	1.0B	765.1M	513.2M
Operating Expenses
R&D Expense	127.7M	121.8M	111.0M	94.2M	63.7M
SG&A Expense	—	—	—	—	—
General & Admin Expense	136.1M	134.8M	100.8M	76.7M	71.5M
Selling & Marketing Expense	275.8M	260.6M	215.2M	207.1M	150.4M
Other Expenses	—	—	—	—	—
Total Operating Expenses	563.7M	538.2M	438.9M	391.7M	289.8M
Cost and Expenses	2.9B	2.8B	2.3B	1.8B	1.4B
Operating Income (EBIT)	839.8M	823.7M	595.2M	383.1M	228.6M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	833.7M	816.5M	595.8M	382.6M	227.8M
Income Tax Expense	117.2M	113.0M	64.4M	49.9M	22.1M
Bottom Line
Net Income	716.4M	703.5M	531.4M	332.7M	205.7M
Earnings from Cont. Ops	716.4M	703.5M	531.4M	332.7M	205.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	716.4M	703.5M	531.4M	332.7M	205.7M
Per Share
Basic EPS	CN¥1.91	CN¥1.87	CN¥1.48	CN¥0.92	CN¥0.57
Diluted EPS	CN¥1.91	CN¥1.87	CN¥1.48	CN¥0.92	CN¥0.57
Revenue Per Share	CN¥9.15	CN¥9.55	CN¥7.96	CN¥6.14	CN¥4.49
Shares
Basic Shares Outstanding	401.7M	376.2M	359.0M	361.6M	360.8M
Diluted Shares Outstanding	401.7M	376.2M	359.0M	361.6M	360.8M
Profitability Metrics
EBITDA	193.6M	905.0M	658.9M	431.6M	258.8M
D&A	19.6M	81.2M	63.7M	48.5M	30.2M
EBIT	—	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026