HGTECH

000988 · SZSE · CNY

¥92.25−2.12%−¥2.00

Close · September 30, 2026

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.

Income statement · Quarterly
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
Total revenue	3,556	4,266	3,317	3,409	4,274	3,355	2,707	3,728	3,070	2,204	3,016	2,270
Cost of revenue	2,849	3,421	2,764	2,547	3,428	2,668	2,146	3,027	2,409	1,677	2,479	1,669
Gross profit	707	845	553	862	846	687	562	700	662	526	537	601
Selling, general and administrative	201	215	323	214	197	181	169	261	173	182	282	203
Research and development	233	236	206	276	199	204	341	184	209	143	292	183
Operating income	222	481	-149	617	562	409	-124	338	360	288	-63.5	243
EBIT	222	481	-149	617	562	409	-124	338	360	288	-63.5	243
EBITDA	322	558	-71.5	676	637	471	-62.6	394	417	343	-7.9	296
Interest expense	18.6	19.6	21.4	18.5	20.9	18.7	20.0	21.0	18.4	16.8	22.6	25.2
Pre-tax income	641	767	157	440	574	448	262	342	378	315	187	259
Income tax	90.2	123	15.7	32.9	74.5	40.9	-1.7	35.9	36.2	23.6	-2.8	24.8
Net income	548	638	149	410	501	410	283	309	338	291	194	232
Net income to common shareholders	548	638	149	410	501	410	283	309	338	291	194	232
Basic EPS	0.54	0.64	0.15	0.41	0.50	0.41	0.28	0.30	0.34	0.29	0.19	0.23
Diluted EPS	0.54	0.64	0.15	0.41	0.50	0.41	0.28	0.30	0.34	0.29	0.19	0.23
Average shares (basic)	1,013	998	999	1,000	1,003	1,000	1,011	1,028	993	1,003	1,015	1,008
Average shares (diluted)	1,013	998	999	1,000	1,003	1,000	1,011	1,028	993	1,003	1,015	1,008
Dividend per share	—	—	0.25	—	—	—	0.20	—	—	—	0.15	—