HICON NETWORK TECHNOLOGY (SHANDONG) CO.,LTD.

Income Statement Hicon Network Technology (Shandong) Co.,Ltd.

Stocks

301262

CNE1000064B4

Broadcasting

End-of-day quote Shenzhen S.E. 2026-09-03			5-day change	1st Jan Change
20.33 ^CNY	-2.26%		+9.54%	-18.32%

08-26	Hicon Network Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
06-19	Certain A Shares of Hicon Network Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 20-JUN-2026.	CI

4991f7e961.aZ5gYu3judYHCMv57VWRNnAFLUMxg3DPcyWZ5eTtitY.KtMYVaqH2LExTvmegTzSfzRVXSlTzQT_OkLTlJ3V4rxR7hg9l9faoj96uA

Published financial data: HICON NETWORK TECHNOLOGY (SHANDONG) CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CNY)	2022 (CNY)	2023 (CNY)	2024 (CNY)	2025 (CNY)
Revenues	952M	984M	960M	934M	882M
Other Revenues, Total	21.23M	37.23M	32.69M	45.12M	56.86M
Total Revenues	973M	1.02B	992M	979M	939M
Cost of Goods Sold, Total	401M	470M	439M	429M	419M
Gross Profit	572M	551M	553M	549M	520M
Selling General & Admin Expenses, Total	60.82M	68.79M	80.05M	74M	70.68M
Provision for Bad Debts	1.87M	5.86M	3.18M	18.03M	-5.8M
R&D Expenses	40.91M	42.31M	48.28M	41.4M	37.57M
Other Operating Expenses	3.9M	5.24M	5.04M	6.97M	5.35M
Other Operating Expenses, Total	108M	122M	137M	140M	108M
Operating Income	464M	428M	417M	409M	412M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	25.17M	32.99M	37.48M	48.86M	31.95M
Net Interest Expenses	25.17M	32.99M	37.48M	48.86M	31.95M
Other Non Operating Income (Expenses)	-68.64K	-257K	-190K	-164K	20.06M
EBT, Excl. Unusual Items	489M	461M	454M	458M	464M
Gain (Loss) On Sale Of Investments	8.56M	11.23M	16.61M	16.94M	-
Gain (Loss) On Sale Of Assets	-5.7K	-	-	-	-22.52K
Asset Writedown	-	-	-	-	-
Other Unusual Items	14.39M	8.96M	5.94M	-8.61M	19.81M
EBT, Incl. Unusual Items	512M	481M	477M	466M	484M
Income Tax Expense	72.58M	67.3M	66.52M	65.72M	68.74M
Earnings From Continuing Operations	440M	414M	410M	400M	415M
Net Income to Company	440M	414M	410M	400M	415M
Minority Interest	-	-	-	-	-
Net Income - (IS)	440M	414M	410M	400M	415M
Net Income to Common Incl Extra Items	440M	414M	410M	400M	415M
Net Income to Common Excl. Extra Items	440M	414M	410M	400M	415M
Per Share Items
Net EPS - Basic	1.17	1.1	1.04	0.96	1
Basic EPS - Continuing Operations	1.17	1.1	1.04	0.96	1
Basic Weighted Average Shares Outstanding	376M	376M	394M	417M	415M
Net EPS - Diluted	1.17	1.1	1.04	0.96	1
Diluted EPS - Continuing Operations	1.17	1.1	1.04	0.96	1
Diluted Weighted Average Shares Outstanding	376M	376M	394M	417M	415M
Normalized Basic EPS	0.81	0.77	0.72	0.69	0.7
Normalized Diluted EPS	0.81	0.77	0.72	0.69	0.7
Dividend Per Share	-	-	1.04	0.5	0.62
Payout Ratio	53.66	-	86.45	30	45.22
Supplemental Items
EBITDA	491M	444M	431M	425M	430M
EBITA	464M	429M	417M	410M	413M
EBIT	464M	428M	417M	409M	412M
EBITDAR	-	-	-	-	431M
Total Revenues (As Reported)	-	-	992M	979M	939M
Effective Tax Rate - (Ratio)	14.17	13.98	13.96	14.1	14.21
Total Current Taxes	72.93M	67.55M	66.78M	70.64M	65.48M
Total Deferred Taxes	-354K	-254K	-257K	-4.92M	3.25M
Normalized Net Income	306M	288M	284M	286M	290M
Non-Cash Pension Expense	-	-	377K	1.04M	472K
Supplemental Operating Expense Items
Advertising Expense	-	4.69M	7.19M	12.8M	5.51M
Selling and Marketing Expenses	10.47M	12.34M	14.59M	18.48M	13M
General and Administrative Expenses	50.35M	56.44M	65.46M	55.52M	57.68M
Research And Development Expense From Footnotes	40.91M	42.31M	48.28M	41.4M	37.57M
Net Rental Expense, Total	-	-	-	-	134K

Fiscal Period: December	2021 (CNY)	2022 (CNY)	2023 (CNY)	2024 (CNY)	2025 (CNY)
Assets
Cash And Equivalents	308M	403M	1.21B	1.05B	1.74B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	1.18B	1.39B	1.81B	2.05B	1.6B
Total Cash And Short Term Investments	1.48B	1.79B	3.02B	3.1B	3.35B
Accounts Receivable, Total	486M	596M	647M	922M	814M
Other Receivables	-9.52K	3.85M	850K	446K	510K
Notes Receivable	-	-	-	-	-
Total Receivables	486M	600M	648M	923M	815M
Inventory	1.75M	42.06K	0	1.7M	1.42M
Prepaid Expenses	776K	189K	2.67M	-	-
Other Current Assets, Total	4.26M	6.24M	4.21M	6.48M	28.08M
Total Current Assets	1.98B	2.4B	3.68B	4.03B	4.19B
Gross Property Plant And Equipment	214M	227M	231M	249M	271M
Accumulated Depreciation	-101M	-114M	-127M	-142M	-156M
Net Property Plant And Equipment	114M	112M	104M	107M	114M
Long-term Investments	8.29M	17.34M	17.51M	17.98M	18.5M
Other Intangibles, Total	30.96M	27.95M	25.34M	22.5M	19.58M
Deferred Tax Assets Long-Term	4.26M	4.51M	4.77M	9.69M	6.44M
Deferred Charges Long-Term	11.42M	7.88M	4.85M	3.69M	2.67M
Other Long-Term Assets, Total	23.77M	22.58M	21.54M	20.65M	22.07M
Total Assets	2.17B	2.59B	3.86B	4.21B	4.37B
Liabilities
Accounts Payable, Total	290M	282M	293M	375M	347M
Accrued Expenses, Total	30.01M	63.67M	88.75M	83.65M	66.51M
Current Income Taxes Payable	30.07M	14.67M	18.39M	13.64M	9.58M
Unearned Revenue Current, Total	15.73M	14.63M	16.13M	9.74M	7.99M
Other Current Liabilities	2.8M	3.51M	5.24M	3.67M	221M
Total Current Liabilities	369M	379M	422M	486M	652M
Unearned Revenue Non Current	10.7M	7.65M	4.33M	2.19M	1.03M
Other Non Current Liabilities	-	-	1.06M	15M	-
Total Liabilities	380M	386M	427M	503M	653M
Common Stock, Total	375M	375M	417M	417M	417M
Additional Paid In Capital	559M	559M	1.69B	1.69B	1.69B
Retained Earnings	856M	1.27B	1.33B	1.61B	1.62B
Total Common Equity	1.79B	2.2B	3.43B	3.71B	3.72B
Minority Interest	-	-	-	-	-
Total Equity	1.79B	2.2B	3.43B	3.71B	3.72B
Total Liabilities And Equity	2.17B	2.59B	3.86B	4.21B	4.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	375M	375M	417M	417M	417M
ECS Total Common Shares Outstanding	375M	375M	417M	417M	417M
Book Value / Share	4.77	5.87	8.22	8.9	8.92
Tangible Book Value	1.76B	2.18B	3.4B	3.69B	3.7B
Tangible Book Value Per Share	4.69	5.8	8.16	8.84	8.87
Total Debt	0	0	0	0	0
Net Debt	-1.48B	-1.79B	-3.02B	-3.1B	-3.35B
Debt Equivalent Oper. Leases	-	-	-	-	1.07M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	8.29M	17.34M	17.51M	17.98M	18.5M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	2.41M	709K	-	2.36M	2.09M
Inventories - Others	-	-	664K	-	-
Buildings, Total	109M	109M	109M	109M	106M
Machinery, Total	105M	117M	122M	140M	165M
Full Time Employees	342	-	328	307	312
Accumulated Allowance for Doubtful Accounts (Supple)	26.07M	31.93M	34.65M	52.68M	45.78M

Fiscal Period: December	2021 (CNY)	2022 (CNY)	2023 (CNY)	2024 (CNY)	2025 (CNY)
Net Income	440M	414M	410M	400M	415M
Depreciation & Amortization - CF	26.34M	14.53M	14.08M	15.54M	17.75M
Amortization of Goodwill and Intangible Assets - (CF)	-	671K	675K	685K	700K
Depreciation & Amortization, Total	26.34M	15.2M	14.76M	16.22M	18.45M
Amortization of Deferred Charges, Total - (CF)	-	7.67M	8.16M	6.96M	5.65M
(Gain) Loss on Sale of Investments - (CF)	-	-40.26M	-41.34M	-44.93M	-39.06M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision for Credit Losses	-	-	-	-	-
Provision and Write-off of Bad Debts	-	5.86M	3.18M	18.03M	-5.8M
Other Operating Activities, Total	-45.09M	200K	-32.85K	-146K	-1.12M
Change In Accounts Receivable	-	-121M	-51.35M	-292M	93.85M
Change In Inventories	-	1.7M	42.06K	-1.7M	277K
Change In Accounts Payable	-	13M	48.1M	61.68M	-46.21M
Change In Deferred Taxes	-	-254K	-257K	-4.92M	3.25M
Change in Other Net Operating Assets	-	-3.05M	-2.26M	11.84M	-16.16M
Cash from Operations	421M	293M	389M	171M	428M
Capital Expenditure	-13.29M	-16.9M	-8.25M	-18.77M	-34.5M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-7.5M	-7.5M	-420M	-238M	447M
Other Investing Activities, Total	-270M	-173M	39.45M	44.05M	39.96M
Cash from Investing	-291M	-197M	-389M	-213M	452M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	-	-	1.18B	-	252K
Common Dividends Paid	-236M	-	-354M	-120M	-188M
Common & Preferred Stock Dividends Paid	-236M	-	-354M	-120M	-188M
Other Financing Activities, Total	-	-	-16.93M	-	-
Cash from Financing	-236M	-	810M	-120M	-187M
Net Change in Cash	-106M	95.24M	810M	-162M	693M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	106M	91.59M	82.29M	112M	114M
Levered Free Cash Flow	281M	170M	270M	48.53M	499M
Unlevered Free Cash Flow	281M	170M	270M	48.53M	499M
Change In Net Working Capital	22M	104M	5.45M	211M	-252M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021 (CNY)	2022 (CNY)	2023 (CNY)	2024 (CNY)	2025 (CNY)
Profitability
Return on Assets	14.08	11.25	8.08	6.34	6
Return on Total Capital	17.19	13.4	9.25	7.16	6.93
Return On Equity %	26.04	20.72	14.56	11.21	11.17
Return on Common Equity	26.04	20.72	14.56	11.21	11.17
Margin Analysis
Gross Profit Margin %	58.77	53.93	55.76	56.13	55.38
SG&A Margin	6.25	6.74	8.07	7.56	7.53
EBITDA Margin %	50.42	43.45	43.48	43.45	45.86
EBITA Margin %	47.72	42.02	42.06	41.86	43.97
EBIT Margin %	47.72	41.96	42	41.79	43.89
Income From Continuing Operations Margin %	45.2	40.55	41.32	40.9	44.22
Net Income Margin %	45.2	40.55	41.32	40.9	44.22
Net Avail. For Common Margin %	45.2	40.55	41.32	40.9	44.22
Normalized Net Income Margin	31.44	28.23	28.6	29.23	30.9
Levered Free Cash Flow Margin	28.9	16.62	27.18	4.96	53.16
Unlevered Free Cash Flow Margin	28.9	16.62	27.18	4.96	53.16
Asset Turnover
Asset Turnover	0.47	0.43	0.31	0.24	0.22
Fixed Assets Turnover	8.05	9.02	9.18	9.26	8.47
Receivables Turnover (Average Receivables)	2.02	1.82	1.54	1.19	1.02
Inventory Turnover (Average Inventory)	459.53	526.03	20.88K	505.32	268.31
Short Term Liquidity
Current Ratio	5.36	6.33	8.73	8.29	6.43
Quick Ratio	5.34	6.32	8.71	8.28	6.38
Operating Cash Flow to Current Liabilities	1.14	0.77	0.92	0.35	0.66
Days Sales Outstanding (Average Receivables)	180.41	200.75	236.41	307.59	359.45
Days Outstanding Inventory (Average Inventory)	0.79	0.69	0.02	0.72	1.36
Average Days Payable Outstanding	-	223.03	-	-	315.04
Cash Conversion Cycle (Average Days)	-	-21.58	-	-	45.77
Long Term Solvency
Total Liabilities / Total Assets	17.5	14.91	11.07	11.95	14.93
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Net Debt / EBITDA	-3.03	-4.04	-7.01	-7.29	-7.77
Net Debt / (EBITDA - Capex)	-3.11	-4.2	-7.14	-7.63	-8.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.03	4.92	-2.8	-1.37	-4.1
Gross Profit, 1 Yr. Growth %	10.83	-3.72	0.5	-0.71	-5.39
EBITDA, 1 Yr. Growth %	11.6	-8.54	-3.23	-1.99	0.67
EBITA, 1 Yr. Growth %	14.96	-7.73	-3.24	-2.4	0.16
EBIT, 1 Yr. Growth %	14.96	-7.74	-2.72	-1.86	0.73
Earnings From Cont. Operations, 1 Yr. Growth %	13.3	-5.87	-0.95	-2.38	3.68
Net Income, 1 Yr. Growth %	13.3	-5.87	-0.95	-2.38	3.68
Normalized Net Income, 1 Yr. Growth %	11.92	-5.79	-1.53	0.81	-2.24
Diluted EPS Before Extra, 1 Yr. Growth %	13.59	-5.98	-5.45	-7.69	4.17
Accounts Receivable, 1 Yr. Growth %	6.81	22.67	8.55	42.52	-11.67
Inventory, 1 Yr. Growth %	-	-97.59	-100	-	-16.27
Net Property, Plant and Equip., 1 Yr. Growth %	-10.77	-1.41	-7.52	3.37	6.45
Total Assets, 1 Yr. Growth %	11.24	19.38	48.85	9.24	3.8
Tangible Book Value, 1 Yr. Growth %	13.29	23.7	56.41	8.31	0.37
Common Equity, 1 Yr. Growth %	12.84	23.12	55.57	8.17	0.29
Cash From Operations, 1 Yr. Growth %	3.44	-30.51	32.97	-56.07	150.5
Capital Expenditures, 1 Yr. Growth %	-52.2	27.12	-51.19	127.55	83.78
Levered Free Cash Flow, 1 Yr. Growth %	9.2	-39.98	58.98	-82	928.06
Unlevered Free Cash Flow, 1 Yr. Growth %	9.2	-39.98	58.98	-82	928.06
Dividend Per Share, 1 Yr. Growth %	-	-	-	-52.4	25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.24	4.48	0.99	-2.09	-2.74
Gross Profit, 2 Yr. CAGR %	4.95	3.3	-1.63	-0.11	-3.07
EBITDA, 2 Yr. CAGR %	7.03	1.07	-5.68	-2.35	-0.39
EBITA, 2 Yr. CAGR %	8.19	2.98	-5.25	-2.55	-0.85
EBIT, 2 Yr. CAGR %	8.19	2.98	-5.26	-2.29	-0.57
Earnings From Cont. Operations, 2 Yr. CAGR %	10.24	3.27	-3.44	-1.67	0.61
Net Income, 2 Yr. CAGR %	10.17	3.27	-3.44	-1.67	0.61
Normalized Net Income, 2 Yr. CAGR %	8.3	2.69	-3.68	-0.37	1.09
Diluted EPS Before Extra, 2 Yr. CAGR %	9.83	3.34	-5.72	-6.58	-1.94
Accounts Receivable, 2 Yr. CAGR %	7.74	14.46	15.39	24.38	12.2
Inventory, 2 Yr. CAGR %	77.02	-	-	535.62	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-13.48	-6.2	-4.51	-2.22	4.9
Total Assets, 2 Yr. CAGR %	15.27	15.24	33.3	27.52	6.49
Tangible Book Value, 2 Yr. CAGR %	18.07	18.38	39.09	30.16	4.27
Common Equity, 2 Yr. CAGR %	17.42	17.87	38.4	29.72	4.16
Cash From Operations, 2 Yr. CAGR %	18.53	-15.21	-3.87	-23.57	4.9
Capital Expenditures, 2 Yr. CAGR %	-39.23	-22.05	-21.23	5.39	104.5
Levered Free Cash Flow, 2 Yr. CAGR %	22.59	-19.09	-2.32	-46.51	36.02
Unlevered Free Cash Flow, 2 Yr. CAGR %	22.59	-19.09	-2.32	-46.51	36.02
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-22.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.85	5.79	1.99	0.19	-2.76
Gross Profit, 3 Yr. CAGR %	13.63	1.98	2.36	-1.33	-1.9
EBITDA, 3 Yr. CAGR %	17.57	1.17	-0.21	-4.29	-1.17
EBITA, 3 Yr. CAGR %	17.58	2.65	1.05	-4.13	-1.47
EBIT, 3 Yr. CAGR %	17.61	2.6	1.05	-4.14	-1.29
Earnings From Cont. Operations, 3 Yr. CAGR %	22.38	4.58	1.85	-3.09	0.08
Net Income, 3 Yr. CAGR %	22.37	4.54	1.85	-3.09	0.08
Normalized Net Income, 3 Yr. CAGR %	16.79	3.38	1.26	-2.21	0.21
Diluted EPS Before Extra, 3 Yr. CAGR %	18.75	4.28	0.32	-6.38	-3.13
Accounts Receivable, 3 Yr. CAGR %	15.65	12.5	12.46	23.8	10.97
Inventory, 3 Yr. CAGR %	5.17	-57.74	-	-0.91	223.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-13.26	-9.63	-6.64	-1.95	0.58
Total Assets, 3 Yr. CAGR %	19.2	16.63	25.5	24.75	19.07
Tangible Book Value, 3 Yr. CAGR %	22.56	19.92	29.9	27.97	19.36
Common Equity, 3 Yr. CAGR %	22.01	19.29	29.29	27.48	19.06
Cash From Operations, 3 Yr. CAGR %	29.91	-0.8	-1.49	-25.96	13.53
Capital Expenditures, 3 Yr. CAGR %	-58.49	-22.28	-33.31	12.19	26.85
Levered Free Cash Flow, 3 Yr. CAGR %	84.14	-3.22	1.34	-44.42	43.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	84.15	-3.22	1.34	-44.42	43.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	16.99	7.37	2.57	0.07
Gross Profit, 5 Yr. CAGR %	-	13.84	7.26	1.14	0.15
EBITDA, 5 Yr. CAGR %	-	-	7.4	-0.15	-0.18
EBITA, 5 Yr. CAGR %	-	16.18	7.88	0.65	0.4
EBIT, 5 Yr. CAGR %	-	16.15	7.87	0.61	0.4
Earnings From Cont. Operations, 5 Yr. CAGR %	-	18.09	11.31	2.04	1.35
Net Income, 5 Yr. CAGR %	-	17.99	11.31	2.01	1.35
Normalized Net Income, 5 Yr. CAGR %	-	16.93	8.12	1.86	1.19
Diluted EPS Before Extra, 5 Yr. CAGR %	-	12.52	8.28	-0.21	-0.59
Accounts Receivable, 5 Yr. CAGR %	-	26.96	15.55	17.11	12.35
Inventory, 5 Yr. CAGR %	-	-49.7	-	24.98	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	40.22	-9.86	-6.74	-2.19
Total Assets, 5 Yr. CAGR %	-	29.84	24.65	20.87	17.52
Tangible Book Value, 5 Yr. CAGR %	-	35.49	28.93	23.91	18.97
Common Equity, 5 Yr. CAGR %	-	35.1	28.32	23.36	18.58
Cash From Operations, 5 Yr. CAGR %	-	8.37	15.17	-10.62	1.02
Capital Expenditures, 5 Yr. CAGR %	-	-3.48	-46.37	-12.21	4.4
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	43.04	-23.66	14
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	43.04	-23.66	14