Shandong HiSpeed New Energy Group Limited (1250.HK)

Name: Shandong HiSpeed New Energy Group Limited Financial Statements
Creator: Quarter Results

Utilities | Renewable Utilities

Latest reporting period: 2026-04-07

Latest Quarter

2026-04-07

Revenue

$2.6B

Net Income

$314M

Operating Margin

41.7%

Free Cash Flow

$973M

Debt / Assets

60.0%

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

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Income statement quarterly history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Income Statement (Quarterly)	2026-04-07	2025-06-30	2025-03-31	2024-12-31
Revenue	2,629,430,332	2,629,430,332	1,285,948,405	1,817,133,000
Cost of Revenue	1,310,685,486	1,310,685,486	641,003,448	1,122,492,000
Gross Profit	1,318,744,846	1,318,744,846	644,944,956	694,641,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	221,927,734	221,927,734	108,535,910	95,848,000
Operating Expenses	221,927,734	221,927,734	108,535,910	95,848,000
Operating Income	1,096,817,112	1,096,817,112	536,409,047	598,793,000
Interest Expense	1,200,627,926	1,200,627,926	0	427,948,000
Income Before Tax	551,821,320	551,821,320	269,873,568	151,403,000
Income Tax Expense	121,361,592	121,361,592	59,353,064	88,514,000
Net Income	314,306,310	314,306,310	153,714,549	-14,739,000
Per Share
EPS	0.14	0.14	0.07	-0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	4,423,147,000	4,963,431,000	5,296,197,000	6,023,419,000	5,551,791,000
Cost of Revenue	2,401,770,000	2,552,221,000	2,735,702,000	3,446,896,000	2,888,927,000
Gross Profit	2,021,377,000	2,411,210,000	2,560,495,000	2,576,523,000	2,662,864,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	354,085,000	486,482,000	515,323,000	512,359,000	388,599,000
Operating Expenses	354,085,000	486,482,000	687,656,000	1,537,070,000	437,253,000
Operating Income	1,667,292,000	1,924,728,000	2,012,942,000	726,229,000	2,225,611,000
Interest Expense	1,147,255,000	1,517,497,000	1,803,324,000	1,518,742,000	1,323,729,000
Income Before Tax	658,754,000	630,297,000	283,466,000	-264,874,000	1,018,410,000
Income Tax Expense	195,984,000	242,832,000	57,655,000	23,960,000	131,970,000
Net Income	284,242,000	378,198,000	258,236,000	-321,312,000	659,983,000
Per Share
EPS	0.13	0.17	0.14	-0.01	0.01
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	3,645,621,000	4,892,415,000	3,637,264,000	1,140,832,000
Short Term Investments	553,173,000	542,514,000	411,916,000	581,123,000
Net Receivables	9,364,417,000	9,440,457,000	9,386,480,000	0
Inventory	44,686,000	71,424,000	95,003,000	126,520,000
Total Current Assets	16,577,295,000	18,499,401,000	16,585,420,000	16,132,479,000
Property Plant Equipment	25,406,255,051	27,295,692,000	25,045,556,000	27,732,405,000
Goodwill and Intangibles	4,353,064,000	5,015,938,000	2,965,670,000	3,726,597,000
Total Assets	48,404,532,000	54,705,772,000	52,028,265,000	54,874,237,000
Liabilities
Account Payables	890,344,000	1,485,817,000	1,941,813,000	3,296,057,000
Short Term Debt	7,194,877,000	8,980,525,000	6,118,460,000	11,239,217,000
Total Current Liabilities	8,846,209,000	12,021,579,000	10,162,375,000	18,702,835,000
Long Term Debt	21,397,488,661	22,882,133,000	24,981,627,000	20,930,265,000
Total Liabilities	29,046,565,000	35,414,760,000	36,936,541,000	42,792,183,000
Shareholders Equity
Retained Earnings	3,971,147,000	4,256,826,000	3,878,628,000	0
Total Shareholders Equity	13,227,328,000	14,394,006,000	14,556,221,000	11,250,423,000

Balance sheet annual history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	3,645,621,000	4,892,415,000	3,637,264,000	1,140,832,000	2,521,536,000
Short Term Investments	553,173,000	542,514,000	411,916,000	581,123,000	0
Net Receivables	9,364,417,000	9,440,457,000	9,386,480,000	0	0
Inventory	44,686,000	71,424,000	95,003,000	126,520,000	169,425,000
Total Current Assets	16,577,295,000	18,499,401,000	16,585,420,000	16,132,479,000	17,638,132,000
Property Plant Equipment	25,406,255,051	27,295,692,000	25,045,556,000	27,732,405,000	26,347,029,000
Goodwill and Intangibles	4,353,064,000	5,015,938,000	2,965,670,000	3,726,597,000	3,788,101,000
Total Assets	48,404,532,000	54,705,772,000	52,028,265,000	54,874,237,000	57,127,247,000
Liabilities
Account Payables	890,344,000	1,485,817,000	1,941,813,000	3,296,057,000	5,898,149,000
Short Term Debt	7,194,877,000	8,980,525,000	6,118,460,000	11,239,217,000	6,237,622,000
Total Current Liabilities	8,846,209,000	12,021,579,000	10,162,375,000	18,702,835,000	16,588,807,000
Long Term Debt	21,397,488,661	22,882,133,000	24,981,627,000	20,930,265,000	24,469,470,000
Total Liabilities	29,046,565,000	35,414,760,000	36,936,541,000	42,792,183,000	44,002,357,000
Shareholders Equity
Retained Earnings	3,971,147,000	4,256,826,000	3,878,628,000	0	0
Total Shareholders Equity	13,227,328,000	14,394,006,000	14,556,221,000	11,250,423,000	13,124,890,000

Cash flow quarterly history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	302,453,504	378,198,000	283,466,000	-321,312,000
Depreciation & Amortization	1,985,618,184	1,892,507,000	1,579,347,000	1,687,985,000
Stock Based Compensation	-14,897	-6,000	2,031,000	7,604,000
Change in Working Capital	-1,344,319,967	-1,538,788,000	268,263,000	-1,177,232,000
Operating Cash Flow	2,294,418,869	1,998,004,000	3,664,586,000	2,293,939,000
Investing Activities
Capital Expenditure	-1,321,105,143	-1,641,473,000	-969,322,000	-1,426,614,000
Investments	-1,321,105,143	-1,601,678,000	-969,322,000	-1,346,657,000
Investing Cash Flow	-1,291,610,175	-2,572,783,000	-1,382,664,000	-2,524,564,000
Financing Activities
Debt Repayment	-2,594,149,417	-971,844,000	-13,668,093,000	-8,514,089,000
Common Stock Issued/Repurchased	0	0	4,685,188,000	0
Dividends Paid	0	0	0	0
Financing Cash Flow	-1,860,152,577	1,937,356,000	349,558,000	-1,212,413,000
Summary
Free Cash Flow	973,313,726	356,531,000	2,695,264,000	867,325,000
Net Change in Cash	-4,892,415,000	1,255,151,000	2,496,432,000	-1,380,704,000

Cash flow annual history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	302,453,504	378,198,000	283,466,000	-321,312,000	659,983,000
Depreciation & Amortization	1,985,618,184	1,892,507,000	1,579,347,000	1,687,985,000	1,181,311,000
Stock Based Compensation	-14,897	-6,000	2,031,000	7,604,000	-5,019,000
Change in Working Capital	-1,344,319,967	-1,538,788,000	268,263,000	-1,177,232,000	-1,673,301,000
Operating Cash Flow	2,294,418,869	1,998,004,000	3,664,586,000	2,293,939,000	1,616,097,000
Investing Activities
Capital Expenditure	-1,321,105,143	-1,641,473,000	-969,322,000	-1,426,614,000	-2,371,624,000
Investments	-1,321,105,143	-1,601,678,000	-969,322,000	-1,346,657,000	-2,123,905,000
Investing Cash Flow	-1,291,610,175	-2,572,783,000	-1,382,664,000	-2,524,564,000	-2,848,162,000
Financing Activities
Debt Repayment	-2,594,149,417	-971,844,000	-13,668,093,000	-8,514,089,000	-6,067,612,000
Common Stock Issued/Repurchased	0	0	4,685,188,000	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-1,860,152,577	1,937,356,000	349,558,000	-1,212,413,000	-185,043,000
Summary
Free Cash Flow	973,313,726	356,531,000	2,695,264,000	867,325,000	-755,527,000
Net Change in Cash	-4,892,415,000	1,255,151,000	2,496,432,000	-1,380,704,000	-1,177,299,000