GHW International (09933.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	8.4B	4.1B	3.9B	3.2B	3.4B
Cost of Revenue	7.6B	3.8B	3.5B	2.9B	2.7B
Gross Profit	806.9M	360.9M	391.0M	337.0M	657.9M
Operating Expenses
R&D Expense	105.1M	57.1M	48.9M	75.2M	77.3M
SG&A Expense	606.2M	283.8M	310.4M	256.3M	257.5M
General & Admin Expense	278.5M	136.5M	137.8M	123.5M	104.5M
Selling & Marketing Expense	331.4M	147.3M	172.6M	132.8M	151.8M
Other Expenses	—	(2.3M)	249.0K	(4.1M)	(17.0M)
Total Operating Expenses	711.4M	338.6M	359.5M	327.5M	317.8M
Cost and Expenses	8.3B	4.1B	3.8B	3.2B	3.0B
Operating Income (EBIT)	95.5M	22.2M	31.5M	9.5M	323.1M
Non-Operating
Interest Income	3.5M	2.0M	2.2M	2.3M	4.9M
Interest Expense	53.8M	36.3M	39.9M	39.2M	37.0M
Net Interest Income	(69.0M)	(34.3M)	(37.7M)	(36.9M)	(32.1M)
Other Non-Op Income/Expense	(27.4M)	(4.4M)	(44.3M)	(16.3M)	(15.1M)
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	68.1M	17.8M	12.6M	(6.8M)	308.0M
Income Tax Expense	14.5M	4.4M	(339.0K)	(9.5M)	33.4M
Bottom Line
Net Income	50.4M	12.7M	12.8M	2.7M	274.6M
Earnings from Cont. Ops	53.6M	13.4M	12.9M	2.7M	274.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	50.4M	12.7M	12.8M	2.7M	274.6M
Per Share
Basic EPS	HK$0.05	HK$0.01	HK$0.01	HK$0.00	HK$0.27
Diluted EPS	HK$0.05	HK$0.01	HK$0.01	HK$0.00	HK$0.27
Revenue Per Share	HK$8.88	HK$4.35	HK$4.09	HK$3.30	HK$3.38
Shares
Basic Shares Outstanding	948.0M	945.1M	944.0M	974.8M	1.0B
Diluted Shares Outstanding	945.1M	945.1M	944.0M	974.8M	1.0B
Profitability Metrics
EBITDA	129.9M	38.4M	39.4M	17.3M	329.4M
D&A	34.4M	16.2M	7.9M	7.9M	6.3M
EBIT	95.5M	22.2M	31.5M	9.5M	323.1M

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 Jun 1, 2026