2025 Financial Settlement Report
During the reporting period, Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company") strictly adhered to the provisions of the Company Law, Accounting Law, and Enterprise Accounting Standards for accounting. The financial statements for the year 2025 were audited by Shinewing Certified Public Accountants (Special General Partnership), which issued a standard unqualified audit report (No.: XYZH/2026JNAA1B0017). The financial settlement situation for the year 2025 is reported as follows:
I. Operating Results for 2025
The changes in the profit statement items during the reporting period are shown in the table below (unit: yuan).
| Item | 2025 Amount | 2024 Amount | Year-on-Year Change |
|---|---|---|---|
| Operating Revenue | 2,426,794,600.12 | 2,322,202,947.07 | 4.50% |
| Less: Operating Costs | 1,104,448,872.37 | 1,188,919,649.01 | -7.10% |
| Taxes and Surcharges | 32,026,572.75 | 30,793,756.77 | 4.00% |
| Selling Expenses | 251,513,769.27 | 209,622,678.74 | 19.98% |
| Administrative Expenses | 169,580,865.40 | 143,903,478.06 | 17.84% |
| R&D Expenses | 88,470,681.24 | 81,360,934.02 | 8.74% |
| Financial Expenses | -26,087,029.44 | -12,585,401.87 | 107.28% |
| Add: Other Income | 6,430,634.43 | 11,047,615.26 | -41.79% |
| Investment Income | -12,148,158.04 | 17,175,640.57 | -170.73% |
| Fair Value Change Income | 6,518.56 | - | - |
| Credit Impairment Loss | -800,924.73 | -4,548,652.68 | -82.39% |
| Asset Impairment Loss | -5,199,873.65 | -6,246,667.66 | -16.76% |
| Asset Disposal Income | 39,134,781.27 | -1,275,040.60 | -3169.30% |
| Operating Profit | 834,263,846.37 | 696,340,747.23 | 19.81% |
| Non-operating Income | 22,280,891.77 | 33,627,751.74 | -33.74% |
| Non-operating Expenses | 8,332,510.58 | 3,332,202.39 | 150.06% |
| Total Profit | 848,212,227.56 | 726,636,296.58 | 16.73% |
| Income Tax Expense | 128,585,316.15 | 106,855,244.88 | 20.34% |
| Net Profit | 719,626,911.41 | 619,781,051.70 | 16.11% |
| Net Profit Attributable to Shareholders of the Parent Company | 709,737,360.27 | 614,298,729.87 | 15.54% |