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

59.3%

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	2025-12-31	2025-06-30	2025-03-31
Revenue	2,629,430,332	2,199,417,832	2,629,430,332	1,285,948,405
Cost of Revenue	1,310,685,486	1,327,270,252	1,310,685,486	641,003,448
Gross Profit	1,318,744,846	872,147,580	1,318,744,846	644,944,956
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	221,927,734	0	221,927,734	108,535,910
Operating Expenses	221,927,734	367,590,868	221,927,734	108,535,910
Operating Income	1,096,817,112	504,556,709	1,096,817,112	536,409,047
Interest Expense	1,200,627,926	445,095,734	1,200,627,926	0
Income Before Tax	551,821,320	108,753,788	551,821,320	269,873,568
Income Tax Expense	121,361,592	99,147,240	121,361,592	59,353,064
Net Income	314,306,310	-63,566,337	314,306,310	153,714,549
Per Share
EPS	0.14	-0.03	0.14	0.07
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)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	4,781,296,972	4,423,147,000	4,963,431,000	5,296,197,000	6,023,419,000
Cost of Revenue	2,615,898,567	2,401,770,000	2,552,221,000	2,735,702,000	3,446,896,000
Gross Profit	2,165,398,404	2,021,377,000	2,411,210,000	2,560,495,000	2,576,523,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	0	354,085,000	486,482,000	515,323,000	512,359,000
Operating Expenses	579,940,191	354,085,000	486,482,000	687,656,000	1,537,070,000
Operating Income	1,585,458,208	1,667,292,000	1,924,728,000	2,012,942,000	726,229,000
Interest Expense	1,047,043,327	1,147,255,000	1,517,497,000	1,803,324,000	1,518,742,000
Income Before Tax	653,896,014	658,754,000	630,297,000	283,466,000	-264,874,000
Income Tax Expense	218,336,244	195,984,000	242,832,000	57,655,000	23,960,000
Net Income	248,109,665	284,242,000	378,198,000	258,236,000	-321,312,000
Per Share
EPS	0.11	0.13	0.17	0.14	-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)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	5,271,715,547	3,645,621,000	4,892,415,000	3,637,264,000
Short Term Investments	476,477,419	553,173,000	542,514,000	411,916,000
Net Receivables	10,094,686,532	9,364,417,000	9,440,457,000	9,386,480,000
Inventory	37,536,648	44,686,000	71,424,000	95,003,000
Total Current Assets	18,597,557,848	16,577,295,000	18,499,401,000	16,585,420,000
Property Plant Equipment	26,306,514,726	25,406,255,051	27,295,692,000	25,045,556,000
Goodwill and Intangibles	4,591,412,375	4,353,064,000	5,015,938,000	2,965,670,000
Total Assets	54,069,853,742	48,404,532,000	54,705,772,000	52,028,265,000
Liabilities
Account Payables	1,122,633,279	890,344,000	1,485,817,000	1,941,813,000
Short Term Debt	9,528,981,465	7,194,877,000	8,980,525,000	6,118,460,000
Total Current Liabilities	11,483,806,518	8,846,209,000	12,021,579,000	10,162,375,000
Long Term Debt	20,147,619,516	21,397,488,661	22,882,133,000	24,981,627,000
Total Liabilities	32,074,639,397	29,046,565,000	35,414,760,000	36,936,541,000
Shareholders Equity
Retained Earnings	0	3,971,147,000	4,256,826,000	3,878,628,000
Total Shareholders Equity	14,987,760,977	13,227,328,000	14,394,006,000	14,556,221,000

Balance sheet annual history for Shandong HiSpeed New Energy Group Limited (1250.HK).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	5,271,715,547	3,645,621,000	4,892,415,000	3,637,264,000	1,140,832,000
Short Term Investments	476,477,419	553,173,000	542,514,000	411,916,000	581,123,000
Net Receivables	10,094,686,532	9,364,417,000	9,440,457,000	9,386,480,000	0
Inventory	37,536,648	44,686,000	71,424,000	95,003,000	126,520,000
Total Current Assets	18,597,557,848	16,577,295,000	18,499,401,000	16,585,420,000	16,132,479,000
Property Plant Equipment	26,306,514,726	25,406,255,051	27,295,692,000	25,045,556,000	27,732,405,000
Goodwill and Intangibles	4,591,412,375	4,353,064,000	5,015,938,000	2,965,670,000	3,726,597,000
Total Assets	54,069,853,742	48,404,532,000	54,705,772,000	52,028,265,000	54,874,237,000
Liabilities
Account Payables	1,122,633,279	890,344,000	1,485,817,000	1,941,813,000	3,296,057,000
Short Term Debt	9,528,981,465	7,194,877,000	8,980,525,000	6,118,460,000	11,239,217,000
Total Current Liabilities	11,483,806,518	8,846,209,000	12,021,579,000	10,162,375,000	18,702,835,000
Long Term Debt	20,147,619,516	21,397,488,661	22,882,133,000	24,981,627,000	20,930,265,000
Total Liabilities	32,074,639,397	29,046,565,000	35,414,760,000	36,936,541,000	42,792,183,000
Shareholders Equity
Retained Earnings	0	3,971,147,000	4,256,826,000	3,878,628,000	0
Total Shareholders Equity	14,987,760,977	13,227,328,000	14,394,006,000	14,556,221,000	11,250,423,000

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