恒兴新材 (603276.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	927.0M	868.3M	730.3M	644.1M	677.2M
Cost of Revenue	740.1M	708.1M	630.1M	489.0M	489.7M
Gross Profit	186.9M	160.3M	100.2M	155.1M	187.4M
Operating Expenses
R&D Expense	44.2M	41.0M	28.7M	19.0M	22.8M
SG&A Expense	—	—	—	—	—
General & Admin Expense	46.1M	44.9M	40.2M	35.2M	38.3M
Selling & Marketing Expense	9.7M	9.1M	5.2M	4.9M	5.6M
Other Expenses	—	—	—	—	—
Total Operating Expenses	106.8M	99.9M	73.6M	63.1M	71.7M
Cost and Expenses	846.9M	808.0M	703.7M	552.1M	561.4M
Operating Income (EBIT)	80.1M	65.5M	41.4M	95.7M	111.7M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	85.1M	69.8M	41.3M	95.2M	111.6M
Income Tax Expense	12.1M	9.8M	6.5M	17.1M	18.3M
Bottom Line
Net Income	73.1M	60.0M	34.9M	78.1M	93.3M
Earnings from Cont. Ops	73.1M	60.0M	34.9M	78.1M	93.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	73.1M	60.0M	34.9M	78.1M	93.3M
Per Share
Basic EPS	CN¥0.35	CN¥0.29	CN¥0.17	CN¥0.46	CN¥0.78
Diluted EPS	CN¥0.35	CN¥0.29	CN¥0.17	CN¥0.46	CN¥0.78
Revenue Per Share	CN¥4.29	CN¥4.19	CN¥3.56	CN¥3.79	CN¥5.66
Shares
Basic Shares Outstanding	216.0M	207.0M	205.0M	169.7M	119.6M
Diluted Shares Outstanding	216.0M	207.0M	205.0M	169.7M	119.6M
Profitability Metrics
EBITDA	—	130.7M	103.5M	149.3M	164.0M
D&A	—	65.2M	62.1M	53.6M	52.3M
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