HGTECH revenue and financials
¥92.25Change from previous close: −2.12%Absolute change: −¥2.00
In the fiscal year ended December 2025, HGTECH reported revenue of ¥14.35B (+22.59% year over year). Net income was ¥1.47B, a net margin of 10.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +22.59%
- 2025 vs 2024
- Net income growth
- +20.48%
- 2025 vs 2024
- Net margin
- 10.2%
- 2024: 10.4%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -70.6 | -1,127 | 1,389 | 313 | -139 | -342 | 966 | 16.4 | -112 | -139 | 722 | 410 |
| Depreciation and amortization | 211 | — | 334 | -157 | 162 | — | 266 | -122 | 122 | — | 241 | -101 |
| Capital expenditure | -336 | -231 | -401 | -172 | -308 | -133 | -244 | -163 | -172 | -132 | -113 | -148 |
| Investing cash flow | -333 | -191 | -503 | -159 | -290 | -136 | -56.6 | -172 | -691 | -196 | -78.8 | -136 |
| Financing cash flow | 734 | -334 | -235 | 344 | 15.1 | -299 | 16.5 | 324 | 10.0 | 203 | -493 | -153 |
| Dividends paid | -270 | -21.7 | -9.1 | -19.7 | -227 | -16.5 | -18.2 | -23.0 | -170 | -16.0 | -28.3 | -22.1 |
| Share repurchases | — | — | -395 | — | -395 | — | -0.1 | — | — | — | — | — |
| Debt issued | 1,388 | 1,229 | 371 | 732 | 1,175 | 120 | 213 | 366 | 289 | 250 | 189 | 20.0 |
| Debt repaid | -389 | -1,537 | -613 | -352 | -544 | -398 | -196 | -2.2 | -114 | -25.4 | -664 | -140 |
| Effect of exchange rates | -6.8 | -7.3 | -2.9 | -0.5 | -0.1 | 0.0 | -0.4 | -0.6 | 0.0 | -0.8 | 1.7 | -1.2 |
| Net change in cash | 324 | -1,660 | 648 | 497 | -414 | -778 | 926 | 168 | -793 | -133 | 152 | 121 |
| Free cash flow | -407 | -1,358 | 989 | 141 | -447 | -476 | 722 | -146 | -284 | -271 | 610 | 263 |
| Levered free cash flow | -242 | -1,453 | 1,190 | -125 | -289 | -855 | 1,937 | -550 | 751 | -2,561 | 687 | 38.4 |