HGTECH Co., Ltd. (HUAGONGTECH) income statement

SHZ · Industrials · Electrical Equipment & Parts · 9,462 employees · CEO Xinqiang Ma

Price: CN¥63.63 +2.38%
Market cap: CN¥64B
Enterprise value: CN¥67.8B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-01

HGTECH Co., Ltd. (HUAGONGTECH) reported revenue of CN¥4.83B for Q3 '26 (+41.8% year on year), operating income of CN¥560M (11.6% of revenue) and net income of CN¥480M. Over the last four quarters revenue was CN¥16B.

Income statement

Income statement	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Revenue	CN¥3.02B	CN¥2.2B	CN¥3.07B	CN¥3.8B	CN¥2.71B	CN¥3.36B	CN¥4.27B	CN¥3.41B	CN¥3.32B	CN¥4.27B	CN¥3.56B	CN¥4.83B
Cost of revenue	CN¥2.48B	CN¥1.68B	CN¥2.41B	CN¥3.12B	CN¥2.15B	CN¥2.67B	CN¥3.43B	CN¥2.56B	CN¥2.71B	CN¥3.42B	CN¥2.85B	CN¥3.83B
Gross profit	CN¥537M	CN¥526M	CN¥662M	CN¥677M	CN¥562M	CN¥687M	CN¥846M	CN¥851M	CN¥610M	CN¥845M	CN¥707M	CN¥1B
Research & development	CN¥292M	CN¥143M	CN¥209M	CN¥183M	CN¥356M	CN¥204M	CN¥203M	CN¥276M	CN¥180M	CN¥236M	CN¥233M	CN¥264M
Sales & marketing	CN¥58.5M	CN¥103M	CN¥108M	CN¥155M	CN¥105M	CN¥114M	CN¥117M	CN¥0	CN¥0	CN¥138M	CN¥0	CN¥316M
General & administrative	CN¥199M	CN¥79.2M	CN¥52.2M	CN¥85.6M	CN¥30.6M	CN¥66.8M	CN¥61.5M	CN¥218M	CN¥312M	CN¥76.5M	CN¥0	CN¥186M
Other operating expenses	-CN¥199M	-CN¥110M	-CN¥85.6M	-CN¥94M	-CN¥190M	-CN¥144M	-CN¥108M	CN¥18.2M	CN¥82.7M	-CN¥84M	-CN¥380M	-CN¥324M
Operating expenses	CN¥350M	CN¥215M	CN¥284M	CN¥330M	CN¥301M	CN¥240M	CN¥274M	CN¥512M	CN¥575M	CN¥367M	CN¥65.6M	CN¥442M
Operating income	CN¥187M	CN¥311M	CN¥378M	CN¥347M	CN¥261M	CN¥447M	CN¥572M	CN¥339M	CN¥34.7M	CN¥478M	CN¥641M	CN¥560M
Interest income	CN¥147M	CN¥46.9M	CN¥40.7M	CN¥30.9M	CN¥138M	CN¥30.4M	CN¥33.1M	CN¥16.7M	CN¥41.5M	CN¥31.3M	CN¥177M	CN¥27.3M
Interest expense	CN¥22.6M	CN¥16.8M	CN¥18.2M	CN¥21.2M	CN¥20M	CN¥18.7M	CN¥20.9M	CN¥18.5M	CN¥21.4M	CN¥19.6M	CN¥0	CN¥17.1M
Other non-operating income (gains on investments, FX ...)	CN¥251M	CN¥23.5M	CN¥18.3M	CN¥45M	CN¥203M	CN¥37.6M	CN¥183M	-CN¥105M	-CN¥143M	-CN¥308M	CN¥419M	CN¥0
Total non-operating income	CN¥132K	CN¥3.74M	CN¥211K	CN¥3.59M	CN¥1.26M	CN¥602K	CN¥1.69M	CN¥102M	CN¥122M	CN¥289M	CN¥280K	CN¥1.24M
Income before tax	CN¥187M	CN¥315M	CN¥378M	CN¥351M	CN¥262M	CN¥448M	CN¥574M	CN¥440M	CN¥157M	CN¥767M	CN¥641M	CN¥561M
Income tax	-CN¥2.85M	CN¥23.6M	CN¥36.2M	CN¥37.1M	-CN¥1.68M	CN¥40.9M	CN¥74.5M	CN¥32.9M	CN¥15.7M	CN¥123M	CN¥90.2M	CN¥77.4M
Net income	CN¥194M	CN¥291M	CN¥338M	CN¥313M	CN¥283M	CN¥410M	CN¥501M	CN¥410M	CN¥149M	CN¥638M	CN¥548M	CN¥480M
EPS (basic)	CN¥0.19	CN¥0.29	CN¥0.34	CN¥0.31	CN¥0.28	CN¥0.41	CN¥0.50	CN¥0.41	CN¥0.15	CN¥0.64	CN¥0.54	CN¥0.48
EPS (diluted)	CN¥0.19	CN¥0.29	CN¥0.34	CN¥0.31	CN¥0.28	CN¥0.41	CN¥0.50	CN¥0.41	CN¥0.15	CN¥0.64	CN¥0.54	CN¥0.48
Shares (basic, weighted)	1.01B	1.01B	1.01B	1.01B	1.01B	1B	998M	996M	996M	998M	996M	996M
Shares (diluted, weighted)	1.01B	1.01B	1.01B	1.01B	1.01B	1B	998M	996M	996M	998M	996M	996M
Depreciation & amortization	CN¥70.7M	CN¥66.7M	CN¥66.7M	CN¥84.3M	CN¥84.3M	CN¥92.7M	CN¥92.7M	CN¥109M	CN¥109M	CN¥0	CN¥124M	CN¥0
EBITDA	CN¥7.25M	CN¥354M	CN¥427M	CN¥387M	CN¥142M	CN¥502M	CN¥482M	CN¥553M	CN¥287M	CN¥787M	CN¥347M	CN¥465M

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥3.31B	CN¥4.48B	CN¥5.23B	CN¥5.46B	CN¥6.14B	CN¥10.2B	CN¥12B	CN¥10.3B	CN¥11.7B	CN¥14.3B
Cost of revenue	CN¥2.49B	CN¥3.35B	CN¥3.96B	CN¥4.1B	CN¥4.7B	CN¥8.45B	CN¥9.75B	CN¥8.03B	CN¥9.26B	CN¥11.5B
Gross profit	CN¥827M	CN¥1.13B	CN¥1.27B	CN¥1.36B	CN¥1.43B	CN¥1.72B	CN¥2.26B	CN¥2.28B	CN¥2.45B	CN¥2.86B
Research & development	CN¥148M	CN¥196M	CN¥229M	CN¥289M	CN¥331M	CN¥407M	CN¥566M	CN¥761M	CN¥893M	CN¥787M
Sales & marketing	CN¥218M	CN¥326M	CN¥478M	CN¥463M	CN¥443M	CN¥507M	CN¥588M	CN¥460M	CN¥506M	CN¥0
General & administrative	CN¥342M	CN¥212M	CN¥231M	CN¥224M	CN¥255M	CN¥413M	CN¥417M	CN¥412M	CN¥246M	CN¥852M
Other operating expenses	-CN¥55.2M	CN¥16.2M	-CN¥9.71M	-CN¥204M	-CN¥228M	-CN¥434M	-CN¥318M	-CN¥465M	-CN¥483M	-CN¥41.7M
Operating expenses	CN¥653M	CN¥750M	CN¥928M	CN¥772M	CN¥801M	CN¥893M	CN¥1.25B	CN¥1.17B	CN¥1.16B	CN¥1.6B
Operating income	CN¥174M	CN¥379M	CN¥343M	CN¥585M	CN¥631M	CN¥822M	CN¥1.01B	CN¥1.11B	CN¥1.29B	CN¥1.26B
Interest income	CN¥7.13M	CN¥21.6M	CN¥35.8M	CN¥39.7M	CN¥82.2M	CN¥101M	CN¥151M	CN¥195M	CN¥157M	CN¥119M
Interest expense	CN¥40.5M	CN¥47.1M	CN¥37.6M	CN¥25.9M	CN¥27.3M	CN¥37.1M	CN¥77.6M	CN¥96M	CN¥79.5M	CN¥84.3M
Other non-operating income (gains on investments, FX ...)	-CN¥20.5M	CN¥83.8M	CN¥96.8M	CN¥327M	CN¥201M	CN¥526M	CN¥415M	CN¥460M	CN¥429M	-CN¥442M
Total non-operating income	CN¥108M	CN¥1.26M	-CN¥2.02M	CN¥860K	CN¥987K	CN¥2.23M	CN¥2.8M	-CN¥3.73M	CN¥8.81M	CN¥357M
Income before tax	CN¥281M	CN¥381M	CN¥341M	CN¥586M	CN¥632M	CN¥825M	CN¥1.01B	CN¥1.11B	CN¥1.3B	CN¥1.62B
Income tax	CN¥43.4M	CN¥59.9M	CN¥70.6M	CN¥90.7M	CN¥92M	CN¥76.5M	CN¥119M	CN¥107M	CN¥94M	CN¥164M
Net income	CN¥230M	CN¥324M	CN¥284M	CN¥503M	CN¥550M	CN¥761M	CN¥906M	CN¥1.01B	CN¥1.22B	CN¥1.47B
EPS (basic)	CN¥0.26	CN¥0.36	CN¥0.28	CN¥0.50	CN¥0.55	CN¥0.76	CN¥0.90	CN¥1.00	CN¥1.21	CN¥1.47
EPS (diluted)	CN¥0.26	CN¥0.36	CN¥0.28	CN¥0.50	CN¥0.55	CN¥0.76	CN¥0.90	CN¥1.00	CN¥1.21	CN¥1.47
Shares (basic, weighted)	884M	900M	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B	1B
Shares (diluted, weighted)	884M	900M	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B	1B
Depreciation & amortization	CN¥162M	CN¥180M	CN¥164M	CN¥167M	CN¥187M	CN¥241M	CN¥257M	CN¥261M	CN¥300M	CN¥404M
EBITDA	CN¥356M	CN¥475M	CN¥411M	CN¥425M	CN¥618M	CN¥537M	CN¥848M	CN¥915M	CN¥1.16B	CN¥2.11B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02