HONGFA TECHNOLOGY CO LTD

HONGFA TECHNOLOGY CO LTD — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	14.1B	12.9B	11.6B	10.0B	7.8B	7.1B	6.9B	6.0B	5.1B	4.2B	4.1B	3.4B	3.0B	3.0B	661.0M	595.0M	632.0M	557.0M	452.0M	318.0M
Revenue Growth %	9.1%	11.0%	16.2%	28.2%	10.4%	2.9%	14.3%	18.4%	19.7%	4.6%	18.6%	13.9%	-0.4%	356.9%	11.1%	-5.9%	13.5%	23.2%	42.1%	--
Total Revenue	14.1B	12.9B	11.6B	10.0B	7.8B	7.1B	6.9B	6.0B	5.1B	4.2B	4.1B	3.4B	3.0B	3.0B	661.0M	595.0M	632.0M	557.0M	452.0M	318.0M
Cost Of Revenue	9.0B	8.2B	7.6B	6.6B	4.9B	4.5B	4.3B	3.6B	3.1B	2.6B	2.6B	2.2B	2.0B	2.1B	569.0M	530.0M	508.0M	442.0M	398.0M	262.0M
+Gross Profit	5.1B	4.8B	4.1B	3.5B	2.9B	2.6B	2.5B	2.4B	2.0B	1.6B	1.5B	1.2B	976.0M	944.0M	92.0M	65.0M	124.0M	115.0M	54.0M	56.0M
Gross Margin %	36.2%	36.8%	35.0%	34.6%	36.9%	37.1%	36.8%	39.9%	39.5%	38.7%	36.2%	34.7%	32.4%	31.3%	13.9%	10.9%	19.6%	20.6%	11.9%	17.6%
Total Operating Cost	11.9B	10.8B	9.8B	8.6B	6.7B	6.0B	5.8B	4.9B	4.1B	3.5B	3.4B	2.9B	2.6B	2.6B	683.0M	678.0M	639.0M	541.0M	515.0M	318.0M
Selling Expenses	518.0M	474.0M	405.0M	344.0M	393.0M	363.0M	310.0M	309.0M	292.0M	205.0M	197.0M	159.0M	139.0M	149.0M	21.9M	29.5M	30.0M	20.9M	19.4M	7.7M
Admin Expenses	1.4B	1.2B	1.1B	1.0B	809.0M	746.0M	736.0M	574.0M	706.0M	623.0M	536.0M	436.0M	340.0M	313.0M	40.9M	44.3M	41.9M	39.0M	39.0M	23.7M
Rd Expenses	785.0M	673.0M	618.0M	495.0M	381.0M	350.0M	331.0M	294.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	69.7M	49.1M	3.5M	110.0M	83.5M	24.6M	20.2M	60.8M	-18.7M	-2.1M	43.9M	54.1M	51.6M	76.9M	53.7M	37.7M	34.7M	27.5M	28.7M	22.7M
+Operating Income	2.4B	2.3B	1.9B	1.6B	1.3B	1.1B	1.1B	1.1B	952.0M	761.0M	656.0M	536.0M	432.0M	378.0M	-21.3M	-82.3M	-9.2M	16.6M	-62.5M	4.2M
Operating Margin %	17.3%	17.4%	16.4%	16.2%	16.7%	16.1%	16.2%	19.1%	18.7%	17.9%	16.1%	15.6%	14.4%	12.5%	-3.2%	-13.8%	-1.5%	3.0%	-13.8%	1.3%
Non Operating Income	5.4M	1.9M	2.4M	1.9M	1.2M	2.8M	2.6M	1.4M	40.5M	45.4M	52.8M	38.6M	34.4M	30.7M	40.6M	10.5M	2.7M	942,600	305,900	164,200
Non Operating Expenses	4.4M	8.4M	2.9M	8.0M	4.0M	18.2M	1.7M	1.2M	4.3M	5.8M	7.1M	950,800	1.6M	1.7M	1.4M	36.9M	29.0M	540,800	3.9M	298,200
Investment Income	-25.4M	-94.5M	30.2M	107.0M	-30,200	-10.1M	-13.7M	1.9M	-15.6M	17.5M	931,700	24.5M	9.0M	--	331,500	1.2M	-1.7M	962,200	626,500	3.3M
Fair Value Change Income	44.0M	-13.5M	-87.5M	338,800	84.3M	-2.7M	-19.1M	6.1M	2.1M	-6.4M	6.0M	7.4M	2.1M	--	--	--	--	--	--	--
Asset Disposal Income	24.8M	1.2M	-1.1M	28,700	43.8M	1.2M	-219,600	177,100	3.1M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	16.4M	20.2M	27.4M	25.2M	34.4M	3.6M	12.1M	19.7M	18.9M	28.7M	7.9M	6.3M	7.4M	12.8M	-5.7M	33.4M	21.4M	9.3M	27.8M	--
Other Income	246.0M	188.0M	120.0M	132.0M	102.0M	85.4M	85.0M	63.5M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	2.4B	2.2B	1.9B	1.6B	1.3B	1.1B	1.1B	1.2B	989.0M	801.0M	701.0M	574.0M	465.0M	407.0M	17.9M	-109.0M	-35.5M	17.0M	-66.1M	4.0M
Income Tax	282.0M	326.0M	174.0M	167.0M	173.0M	159.0M	153.0M	193.0M	178.0M	140.0M	110.0M	102.0M	67.0M	66.0M	4.5M	6.8M	11.5M	7.5M	2.6M	2.4M
+Net Income	2.2B	1.9B	1.7B	1.5B	1.1B	964.0M	960.0M	958.0M	811.0M	660.0M	592.0M	472.0M	398.0M	341.0M	13.4M	-116.0M	-47.0M	9.5M	-68.7M	1.6M
Net Margin %	15.3%	14.8%	14.9%	14.5%	14.4%	13.6%	14.0%	15.9%	16.0%	15.5%	14.6%	13.8%	13.2%	11.3%	2.0%	-19.5%	-7.4%	1.7%	-15.2%	0.5%
Net Income Attributable	1.6B	1.4B	1.2B	1.1B	832.0M	704.0M	699.0M	685.0M	582.0M	472.0M	430.0M	328.0M	279.0M	227.0M	10.0M	-122.0M	-54.8M	2.9M	-69.0M	1.7M
Minority Interest	532.0M	525.0M	485.0M	390.0M	297.0M	260.0M	261.0M	273.0M	229.0M	188.0M	162.0M	144.0M	119.0M	114.0M	3.4M	6.4M	7.8M	6.5M	324,800	-47,000
Eps Basic	1.56	1.34	1.20	1.43	1.12	0.95	0.94	0.92	1.09	0.89	0.81	0.69	0.80	0.72	0.06	-0.79	-0.36	0.02	-0.45	0.01
Eps Diluted	1.54	1.34	1.21	1.43	1.12	0.95	0.94	0.92	1.09	0.89	0.81	0.69	0.80	0.72	0.06	-0.79	-0.36	0.02	-0.45	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	4.0B	1.9B	1.4B	1.7B	898.0M	1.4B	907.0M	722.0M	638.0M	623.0M	778.0M	1.2B	255.0M	340.0M	39.7M	44.0M	91.0M	77.1M	84.1M	96.7M
Trading Financial Assets	112.0M	947.0M	510.0M	--	54.5M	--	--	4.2M	--	225,300	6.0M	9.6M	2.1M	--	--	--	--	--	--	2.0M
Accounts Receivable	3.3B	3.1B	2.8B	2.6B	2.2B	2.0B	1.8B	1.5B	1.3B	1.1B	985.0M	884.0M	828.0M	667.0M	72.0M	31.0M	50.7M	78.6M	71.3M	88.7M
Notes Receivable	1.6B	1.8B	1.5B	1.2B	1.2B	732.0M	584.0M	622.0M	545.0M	340.0M	462.0M	317.0M	181.0M	161.0M	5.4M	1.7M	820,000	6.6M	7.5M	810,000
Notes And Accounts Receivable	4.9B	4.9B	4.3B	3.7B	3.4B	2.8B	2.3B	2.1B	1.9B	1.4B	1.4B	1.2B	1.0B	828.0M	77.3M	32.7M	51.5M	85.2M	78.8M	89.5M
Prepayments	169.0M	177.0M	195.0M	169.0M	134.0M	139.0M	69.3M	42.6M	48.4M	27.0M	31.8M	42.3M	32.1M	46.6M	36.7M	34.5M	67.5M	43.1M	50.9M	65.8M
Inventory	3.5B	2.5B	2.9B	2.5B	1.5B	1.3B	1.4B	1.3B	944.0M	776.0M	734.0M	594.0M	510.0M	624.0M	107.0M	110.0M	161.0M	116.0M	132.0M	105.0M
Total Current Assets	12.9B	10.6B	9.4B	8.3B	6.2B	5.8B	4.9B	4.3B	3.6B	3.1B	3.1B	3.1B	1.9B	1.9B	314.0M	252.0M	403.0M	355.0M	356.0M	415.0M
Long Term Equity Investment	15.0M	14.5M	14.1M	12.8M	--	--	--	--	--	--	--	--	--	--	106.0M	59.7M	59.5M	58.3M	57.9M	57.9M
Fixed Assets	--	4.9B	4.5B	3.4B	2.8B	2.6B	2.4B	2.1B	1.7B	1.3B	1.1B	928.0M	889.0M	865.0M	281.0M	199.0M	278.0M	284.0M	297.0M	313.0M
Fixed Assets Total	5.3B	4.9B	4.5B	3.4B	2.8B	2.6B	2.4B	2.1B	1.7B	1.3B	1.1B	928.0M	889.0M	865.0M	281.0M	199.0M	278.0M	284.0M	297.0M	313.0M
Construction In Progress	--	345.0M	441.0M	251.0M	504.0M	404.0M	278.0M	391.0M	346.0M	422.0M	140.0M	26.3M	12.1M	52.5M	14.3M	1.8M	1.3M	2.6M	388,400	208,500
Construction In Progress Total	359.0M	345.0M	441.0M	251.0M	504.0M	404.0M	278.0M	391.0M	346.0M	422.0M	140.0M	26.3M	12.1M	52.5M	14.3M	2.2M	1.8M	4.6M	1.5M	381,800
Intangible Assets	485.0M	476.0M	490.0M	415.0M	418.0M	429.0M	473.0M	313.0M	305.0M	310.0M	172.0M	151.0M	74.4M	63.5M	93.4M	34.1M	29.2M	23.3M	18.8M	34.5M
Long Term Deferred Expenses	378.0M	350.0M	246.0M	172.0M	111.0M	107.0M	66.4M	48.0M	47.1M	51.6M	46.4M	41.9M	30.2M	12.5M	42,700	238,900	494,900	750,900	972,800	--
Total Non Current Assets	7.8B	7.1B	6.8B	5.4B	4.7B	4.4B	3.9B	3.3B	2.9B	2.3B	1.6B	1.2B	1.1B	1.1B	507.0M	326.0M	398.0M	401.0M	407.0M	406.0M
Total Assets	20.7B	17.7B	16.2B	13.7B	10.8B	10.2B	8.9B	7.6B	6.5B	5.4B	4.7B	4.4B	3.0B	2.9B	821.0M	578.0M	801.0M	756.0M	763.0M	821.0M
Short Term Borrowings	1.2B	42.8M	40.8M	45.2M	403.0M	1.2B	1.3B	820.0M	600.0M	587.0M	252.0M	404.0M	470.0M	689.0M	259.0M	286.0M	421.0M	353.0M	259.0M	235.0M
Accounts Payable	1.7B	1.4B	1.4B	1.3B	977.0M	716.0M	761.0M	726.0M	652.0M	437.0M	448.0M	403.0M	317.0M	450.0M	70.7M	71.3M	82.8M	53.2M	66.7M	59.5M
Advance Receipts	554,600	769,600	1.7M	2.1M	2.4M	26.6M	22.9M	14.2M	19.3M	10.8M	14.3M	12.8M	5.9M	6.2M	21.4M	24.5M	44.4M	49.5M	30.0M	44.8M
Contract Liabilities	46.8M	52.1M	52.5M	41.0M	31.6M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	4.7B	4.0B	3.1B	2.7B	2.4B	3.3B	2.7B	2.2B	1.9B	1.4B	1.2B	1.1B	1.2B	1.4B	550.0M	560.0M	676.0M	591.0M	599.0M	480.0M
Long Term Borrowings	711.0M	119.0M	591.0M	5.2M	618.0M	18.8M	19.9M	19.6M	21.4M	20.5M	19.7M	273.0M	64.6M	255.0M	87.0M	25.0M	--	--	--	130.0M
Total Non Current Liabilities	3.4B	2.7B	3.0B	2.2B	1.0B	330.0M	204.0M	143.0M	86.6M	66.7M	48.3M	307.0M	99.5M	261.0M	87.0M	25.0M	4.0M	435,500	--	130.0M
Total Liabilities	8.1B	6.7B	6.2B	4.9B	3.4B	3.6B	2.9B	2.4B	2.0B	1.5B	1.2B	1.4B	1.3B	1.7B	637.0M	585.0M	680.0M	592.0M	599.0M	611.0M
Paid In Capital	1.0B	1.0B	1.0B	745.0M	745.0M	745.0M	745.0M	532.0M	532.0M	532.0M	532.0M	532.0M	477.0M	280.0M	154.0M	154.0M	154.0M	154.0M	154.0M	130.0M
Capital Reserve	--	--	23.3M	329.0M	446.0M	446.0M	449.0M	663.0M	663.0M	663.0M	670.0M	670.0M	--	214.0M	224.0M	42.4M	38.6M	35.4M	43.8M	62.6M
Surplus Reserve	1.5B	1.3B	1.1B	889.0M	740.0M	621.0M	520.0M	410.0M	311.0M	227.0M	143.0M	96.2M	66.8M	38.3M	6.1M	6.1M	6.1M	6.1M	6.1M	6.1M
Retained Earnings	6.6B	5.7B	5.0B	4.3B	3.6B	3.1B	2.7B	2.3B	1.9B	1.5B	1.3B	875.0M	576.0M	329.0M	-225.0M	-231.0M	-109.0M	-54.5M	-57.5M	11.7M
Minority Equity	3.0B	2.7B	2.5B	2.2B	1.9B	1.7B	1.5B	1.3B	1.1B	991.0M	892.0M	771.0M	539.0M	414.0M	25.7M	22.3M	31.3M	23.6M	17.0M	95,900
Equity Attributable	9.5B	8.3B	7.5B	6.5B	5.5B	4.9B	4.4B	3.9B	3.4B	2.9B	2.6B	2.2B	1.1B	859.0M	158.0M	-29.1M	89.1M	141.0M	146.0M	210.0M
Total Equity	12.5B	11.1B	10.0B	8.7B	7.4B	6.6B	6.0B	5.3B	4.5B	3.9B	3.5B	2.9B	1.7B	1.3B	184.0M	-6.8M	120.0M	164.0M	163.0M	210.0M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	13.7B	12.2B	11.3B	9.1B	7.5B	6.8B	5.7B	5.5B	4.4B	3.9B	3.1B	2.4B	2.3B	2.0B	790.0M	697.0M	884.0M	724.0M	493.0M	365.0M
Tax Refunds Received	390.0M	396.0M	557.0M	491.0M	357.0M	314.0M	230.0M	163.0M	113.0M	126.0M	92.4M	108.0M	109.0M	130.0M	7.1M	866,000	3.3M	1.6M	4.4M	--
Total Operating Cash Inflow	14.4B	12.9B	12.2B	9.9B	8.2B	7.3B	6.1B	5.9B	4.6B	4.2B	3.4B	2.8B	2.5B	2.2B	968.0M	713.0M	896.0M	743.0M	590.0M	374.0M
Cash Paid For Goods	7.8B	6.2B	6.9B	5.9B	4.9B	3.3B	2.8B	3.0B	2.2B	1.7B	1.3B	1.1B	1.1B	1.2B	667.0M	529.0M	695.0M	547.0M	409.0M	184.0M
Cash Paid To Employees	2.8B	2.4B	2.3B	2.0B	1.6B	1.5B	1.5B	1.3B	1.1B	999.0M	905.0M	663.0M	532.0M	541.0M	64.1M	49.2M	48.7M	35.4M	29.6M	20.9M
Taxes Paid	962.0M	919.0M	769.0M	597.0M	530.0M	475.0M	495.0M	460.0M	460.0M	333.0M	311.0M	248.0M	212.0M	187.0M	35.8M	42.4M	54.6M	43.3M	42.4M	25.2M
Total Operating Cash Outflow	12.1B	10.2B	10.5B	9.0B	7.4B	5.7B	5.2B	5.1B	4.1B	3.4B	3.0B	2.3B	2.2B	2.2B	892.0M	683.0M	838.0M	704.0M	516.0M	310.0M
Operating Cash Flow	2.2B	2.7B	1.6B	912.0M	720.0M	1.7B	827.0M	709.0M	498.0M	758.0M	352.0M	461.0M	321.0M	86.4M	76.5M	30.4M	58.6M	39.2M	73.3M	64.1M
Total Investing Cash Inflow	1.6B	237.0M	65.1M	170.0M	69.9M	62.7M	1.3M	23.5M	226.0M	109.0M	3.9M	4.0M	43.6M	5.7M	7.9M	4.6M	8.8M	671,900	3.5M	23.5M
Total Investing Cash Outflow	3.8B	1.9B	2.1B	947.0M	773.0M	857.0M	877.0M	670.0M	588.0M	851.0M	572.0M	268.0M	120.0M	278.0M	20.0M	37.1M	89.3M	34.0M	42.0M	32.1M
Investing Cash Flow	-2.2B	-1.7B	-2.0B	-778.0M	-703.0M	-794.0M	-876.0M	-647.0M	-362.0M	-742.0M	-569.0M	-264.0M	-76.4M	-272.0M	-12.1M	-32.5M	-80.6M	-33.4M	-38.5M	-8.6M
Cash From Borrowings	2.2B	586.0M	1.1B	2.4B	2.1B	1.7B	1.6B	1.3B	992.0M	750.0M	488.0M	1.0B	857.0M	1.6B	439.0M	591.0M	833.0M	536.0M	318.0M	279.0M
Dividends And Interest Paid	695.0M	663.0M	571.0M	385.0M	374.0M	300.0M	313.0M	218.0M	181.0M	199.0M	159.0M	76.3M	61.8M	114.0M	51.7M	28.2M	33.1M	26.5M	27.0M	21.6M
Debt Repayments	1.3B	102.0M	595.0M	1.3B	2.2B	1.9B	1.2B	1.1B	978.0M	705.0M	684.0M	1.1B	1.1B	1.2B	467.0M	701.0M	760.0M	523.0M	364.0M	302.0M
Total Financing Cash Inflow	2.2B	594.0M	1.2B	2.4B	2.1B	1.8B	1.7B	1.4B	1.0B	755.0M	584.0M	2.0B	866.0M	1.7B	536.0M	684.0M	833.0M	536.0M	335.0M	279.0M
Total Financing Cash Outflow	2.1B	1.2B	1.2B	1.7B	2.6B	2.2B	1.5B	1.3B	1.2B	930.0M	845.0M	1.2B	1.2B	1.3B	606.0M	729.0M	799.0M	549.0M	391.0M	323.0M
Financing Cash Flow	111.0M	-584.0M	9.9M	639.0M	-474.0M	-430.0M	223.0M	39.5M	-131.0M	-175.0M	-261.0M	774.0M	-339.0M	345.0M	-70.2M	-44.9M	34.2M	-12.8M	-56.3M	-44.1M
Net Change In Cash	122.0M	429.0M	-346.0M	755.0M	-486.0M	479.0M	186.0M	84.7M	13.2M	-148.0M	-455.0M	981.0M	-88.0M	153.0M	-5.8M	-47.1M	14.0M	-7.0M	-21.5M	11.4M
Ending Cash Balance	1.9B	1.7B	1.3B	1.7B	898.0M	1.4B	905.0M	720.0M	635.0M	622.0M	769.0M	1.2B	243.0M	331.0M	39.7M	44.0M	91.0M	77.1M	84.1M	--
Capex	1.2B	1.0B	1.5B	925.0M	677.0M	775.0M	826.0M	668.0M	530.0M	647.0M	405.0M	204.0M	93.1M	278.0M	20.0M	37.1M	89.3M	26.3M	42.0M	30.1M