Hengxin Technology Ltd (1085.HK)

Name: Hengxin Technology Ltd Financial Statements
Creator: Quarter Results

Technology | Communication Equipment

Latest reporting period: 2026-04-07

Latest Quarter

2026-04-07

Revenue

$1.0B

Net Income

-$70.4M

Operating Margin

3.0%

Free Cash Flow

-$2.2M

Debt / Assets

49.7%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Hengxin Technology Ltd (1085.HK).
Income Statement (Quarterly)	2026-04-07	2025-06-30	2025-03-31	2024-12-31
Revenue	1,022,209,000	1,022,209,000	511,104,500	702,333,500
Cost of Revenue	834,878,000	834,878,000	417,439,000	573,787,500
Gross Profit	187,331,000	187,331,000	93,665,500	128,546,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	108,232,000	108,232,000	54,116,000	60,718,000
Operating Expenses	156,170,000	156,170,000	78,085,000	92,207,500
Operating Income	31,161,000	31,161,000	15,580,500	36,338,500
Interest Expense	0	17,955,000	0	0
Income Before Tax	6,000	6,000	3,000	22,561,000
Income Tax Expense	71,097,000	71,097,000	35,548,500	2,585,500
Net Income	-70,420,000	-70,420,000	-35,210,000	7,800,000
Per Share
EPS	-0.15	-0.15	-0.08	0.02
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Hengxin Technology Ltd (1085.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	2,519,987,000	2,255,903,000	2,039,583,000	1,625,775,000	1,139,341,000
Cost of Revenue	2,052,682,000	1,821,205,000	1,664,058,000	1,329,217,000	878,579,000
Gross Profit	467,305,000	434,698,000	375,525,000	296,558,000	260,762,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	231,001,000	180,214,000	178,997,000	150,565,000	132,620,000
Operating Expenses	327,137,000	278,181,000	281,099,000	221,728,000	182,997,000
Operating Income	140,168,000	156,517,000	125,840,000	80,799,000	77,765,000
Interest Expense	51,470,000	30,993,000	11,881,000	7,142,000	12,964,000
Income Before Tax	88,722,000	125,532,000	76,953,000	73,657,000	72,604,000
Income Tax Expense	15,399,000	21,357,000	8,871,000	10,733,000	12,177,000
Net Income	42,189,000	69,702,000	63,602,000	71,303,000	61,299,000
Per Share
EPS	0.10	0.18	0.16	0.18	0.16
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Hengxin Technology Ltd (1085.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	861,904,000	944,863,000	826,804,000	521,222,000
Short Term Investments	29,649,000	267,075,000	300,000,000	506,000,000
Net Receivables	1,272,534,000	939,000	666,067,000	0
Inventory	227,182,000	192,033,000	151,269,000	254,145,000
Total Current Assets	2,928,291,000	2,517,664,000	2,077,261,000	2,291,260,000
Property Plant Equipment	1,095,044,000	1,154,766,000	212,359,000	168,189,000
Goodwill and Intangibles	429,076,000	443,059,000	211,532,000	0
Total Assets	4,666,187,000	4,247,771,000	2,542,339,000	2,477,454,000
Liabilities
Account Payables	633,966,000	284,883,000	217,172,000	232,802,000
Short Term Debt	427,359,000	182,680,000	232,343,000	357,996,000
Total Current Liabilities	1,229,692,000	648,831,000	632,498,000	677,528,000
Long Term Debt	1,074,351,000	840,283,000	2,906,000	107,000
Total Liabilities	2,319,095,000	1,509,198,000	653,509,000	690,283,000
Shareholders Equity
Retained Earnings	1,685,964,000	1,328,626,000	1,280,996,000	1,231,766,000
Total Shareholders Equity	1,561,877,000	1,925,709,000	1,857,114,000	1,793,422,000

Balance sheet annual history for Hengxin Technology Ltd (1085.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	861,904,000	944,863,000	826,804,000	521,222,000	876,226,000
Short Term Investments	29,649,000	267,075,000	300,000,000	506,000,000	470,000,000
Net Receivables	1,272,534,000	939,000	666,067,000	0	0
Inventory	227,182,000	192,033,000	151,269,000	254,145,000	106,742,000
Total Current Assets	2,928,291,000	2,517,664,000	2,077,261,000	2,291,260,000	2,041,293,000
Property Plant Equipment	1,095,044,000	1,154,766,000	212,359,000	168,189,000	167,495,000
Goodwill and Intangibles	429,076,000	443,059,000	211,532,000	0	0
Total Assets	4,666,187,000	4,247,771,000	2,542,339,000	2,477,454,000	2,227,781,000
Liabilities
Account Payables	633,966,000	284,883,000	217,172,000	232,802,000	109,565,000
Short Term Debt	427,359,000	182,680,000	232,343,000	357,996,000	279,398,000
Total Current Liabilities	1,229,692,000	648,831,000	632,498,000	677,528,000	480,982,000
Long Term Debt	1,074,351,000	840,283,000	2,906,000	107,000	703,000
Total Liabilities	2,319,095,000	1,509,198,000	653,509,000	690,283,000	495,367,000
Shareholders Equity
Retained Earnings	1,685,964,000	1,328,626,000	1,280,996,000	1,231,766,000	1,182,563,000
Total Shareholders Equity	1,561,877,000	1,925,709,000	1,857,114,000	1,793,422,000	1,732,414,000

Cash flow quarterly history for Hengxin Technology Ltd (1085.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	88,722,000	125,532,000	76,953,000	71,303,000
Depreciation & Amortization	89,458,000	86,657,000	35,079,000	19,825,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-175,159,000	79,354,000	337,878,000	-395,038,000
Operating Cash Flow	21,226,000	321,138,000	461,159,000	-312,833,000
Investing Activities
Capital Expenditure	-23,461,000	-51,945,000	-62,211,000	-20,593,000
Investments	-16,952,000	-51,945,000	-62,211,000	-20,593,000
Investing Cash Flow	-65,817,000	-438,891,000	-37,971,000	-59,625,000
Financing Activities
Debt Repayment	485,110,000	181,978,000	-475,293,000	-450,316,000
Common Stock Issued/Repurchased	65,071,000	0	0	0
Dividends Paid	0	0	0	-6,130,000
Financing Cash Flow	-37,486,000	236,307,000	-118,217,000	17,966,000
Summary
Free Cash Flow	-2,235,000	269,193,000	398,948,000	-333,426,000
Net Change in Cash	-82,959,000	119,269,000	305,582,000	-355,004,000

Cash flow annual history for Hengxin Technology Ltd (1085.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	88,722,000	125,532,000	76,953,000	71,303,000	61,299,000
Depreciation & Amortization	89,458,000	86,657,000	35,079,000	19,825,000	28,267,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-175,159,000	79,354,000	337,878,000	-395,038,000	287,360,000
Operating Cash Flow	21,226,000	321,138,000	461,159,000	-312,833,000	376,003,000
Investing Activities
Capital Expenditure	-23,461,000	-51,945,000	-62,211,000	-20,593,000	-17,410,000
Investments	-16,952,000	-51,945,000	-62,211,000	-20,593,000	-17,410,000
Investing Cash Flow	-65,817,000	-438,891,000	-37,971,000	-59,625,000	-63,260,000
Financing Activities
Debt Repayment	485,110,000	181,978,000	-475,293,000	-450,316,000	-310,000,000
Common Stock Issued/Repurchased	65,071,000	0	0	0	0
Dividends Paid	0	0	0	-6,130,000	-11,330,000
Financing Cash Flow	-37,486,000	236,307,000	-118,217,000	17,966,000	-27,981,000
Summary
Free Cash Flow	-2,235,000	269,193,000	398,948,000	-333,426,000	358,593,000
Net Change in Cash	-82,959,000	119,269,000	305,582,000	-355,004,000	284,130,000