Hua Gong Technology Industry Co., Ltd.
2025 Financial Settlement Report
In 2025, Da Xin Accounting Firm (Special General Partnership) conducted an independent audit of the financial statements of Hua Gong Technology Industry Co., Ltd. (hereinafter referred to as "Hua Gong Technology" or "the Company") and issued the standard unqualified audit report No. Da Xin Audit [2026] No. 2-00431. The audit opinion concluded that the Company's financial statements for the year 2025 were prepared in accordance with the provisions of the Enterprise Accounting Standards in all material respects, fairly reflecting the Company's financial position as of December 31, 2025, as well as its operating results and cash flows for the year 2025. The specific situation of the Company's financial settlement for 2025 is as follows:
I. Main Financial Data
Unit: 100 million yuan
| Item | 2025 | 2024 | Year-on-Year Growth |
|---|---|---|---|
| Operating Revenue | 143.55 | 117.09 | 22.59% |
| Operating Profit | 16.21 | 12.88 | 25.79% |
| Total Profit | 16.18 | 12.97 | 24.77% |
| Net Profit Attributable to Shareholders of the Parent Company | 14.71 | 12.21 | 20.48% |
| Basic Earnings Per Share (yuan/share) | 1.47 | 1.21 | 21.49% |
| Weighted Average Return on Equity | 13.97% | 12.65% | 1.32% |
| Total Assets | 229.19 | 208.24 | 10.06% |
| Total Liabilities | 117.82 | 105.47 | 11.71% |
| Total Equity | 111.37 | 102.78 | 8.36% |
| Asset-Liability Ratio | 51.41% | 50.65% | 0.76% |
| Net Cash Flow from Operating Activities | 12.21 | 7.32 | 66.83% |
II. Financial Condition Analysis
(1) Analysis of Asset Changes
Unit: 100 million yuan
| Item | 2025 | 2024 | Year-on-Year Growth | |
|---|---|---|---|---|
| Cash and Cash Equivalents | 45.58 | 45.02 | 1.25% | |
| Trading Financial Assets | 1.35 | 1.07 | 26.36% | |
| Notes Receivable | 2.31 | 1.75 | 31.72% | |
| Accounts Receivable | 43.63 | 49.25 | -11.41% | |
| Financing Receivables | 6.60 | 4.97 | 32.91% | |
| Prepayments | 4.48 | 4.99 | -10.35% | |
| Other Receivables | 1.76 | 0.97 | 80.33% | |
| Inventory | 35.81 | 26.21 | 36.62% | |
| Contract Assets | 7.03 | 5.71 | 23.25% | |
| Current Assets Due Within One Year | -10.37 | -100.00% | ||
| Other Current Assets | 2.94 | 1.76 | 66.82% | |
| Total Current Assets | 151.50 | 152.08 | -0.39% | |
| Long-term Equity Investments | 6.45 | 5.21 | 23.80% | |
| Other Equity Instrument Investments | 0.05 | 0.05 | 0.00% | |
| Other Non-current Financial Assets | 1.682 | 1.677 | 0.32% | |
| Fixed Assets | 28.04 | 22.72 | 23.40% | |
| Construction in Progress | 2.47 | 1.69 | 46.02% | |
| Right-of-use Assets | 0.76 | 0.37 | 109.10% | |
| Intangible Assets | 4.87 | 4.08 | 19.38% | |
| Development Expenditure | 1.67 | 0.90 | 86.45% | |
| Goodwill | -0.005 | -100.00% | ||
| Long-term Deferred Expenses | 1.00 | 0.69 | 44.50% | |
| Deferred Tax Assets | 2.14 | 1.90 | 12.89% | |
| Other Non-current Assets | 28.56 | 16.88 | 69.21% | |
| Total Non-current Assets | 77.69 | 56.16 | 38.34% | |
| Total Assets | 229.19 | 208.24 | 10.06% |