NYSE : HTT
High Templar Tech Limited — Financial statements
Financials · Financial - Credit Services · China
Last price 1.82 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 282.62M
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Financial statements
High Templar Tech Limited (HTT) reported revenue of 19.69M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 19.69M | 40.96M | 216.43M | 126.34M | 215.33M | 327.30M |
| Other Revenue | 308.72M | 1.26B | ||||
| Revenue | 19.69M | 40.96M | 216.43M | 126.34M | 524.05M | 1.59B |
| Cost of Revenue | 1.07M | 36.10M | 198.17M | 155.16M | 168.61M | 87.10M |
| Gross Profit | 18.62M | 4.87M | 18.25M | -28.82M | 355.44M | 1.50B |
| Selling, General & Admin | 367.31M | 299.57M | 282.43M | 277.39M | 559.07M | 570.65M |
| Research & Development | 27.46M | 45.73M | 58.46M | 47.76M | 58.28M | 141.26M |
| Other Operating Expenses | -137.47K | -377.47K | -298.36K | -58.37M | -90.70M | -149.59M |
| Operating Expenses | 394.36M | 344.64M | 340.70M | 266.98M | 526.61M | 562.24M |
| Operating Income | -375.74M | -339.78M | -322.45M | -295.80M | -171.17M | 937.39M |
| Interest & Investment Income | 1.67B | 990.37M | 380.06M | 255.33M | 112.82M | 129.46M |
| Earnings From Equity Investments | -17.54M | -18.94M | -4.05M | 3.21M | 14.00M | -221.80M |
| Currency Exchange Gain (Loss) | -84.20M | -46.30M | 20.66M | -2.93M | 250.23K | -51.36K |
| Other Non Operating Income (Expenses) | -467.79M | 208.23M | 84.89M | 147.47M | -60.58M | -43.80M |
| EBT Excluding Unusual Items | 722.74M | 793.58M | 159.11M | 107.27M | -104.69M | 801.20M |
| Asset Writedown | -18.93M | -54.28M | -1.57M | -5.80M | -268.93M | -156.39M |
| Other Unusual Items | 103.99M | 201.60M | ||||
| Pretax Income | 703.81M | 739.30M | 157.54M | 101.47M | -269.62M | 846.41M |
| Income Tax Expense | 40.19M | 30.67M | 65.81M | 62.34M | 92.43M | 260.48M |
| Earnings From Continuing Operations | 663.62M | 708.63M | 91.73M | 39.13M | -362.05M | 585.93M |
| Minority Interest in Earnings | 87.83K | 3.15M | ||||
| Net Income | 663.62M | 708.63M | 91.73M | 39.13M | -361.96M | 589.07M |
| Net Income to Common | 663.62M | 708.63M | 91.73M | 39.13M | -361.96M | 589.07M |
| Shares Outstanding (Basic) | 157.29M | 162.12M | 182.86M | 217.28M | 246.02M | 253.44M |
| Shares Outstanding (Diluted) | 160.93M | 166.91M | 187.78M | 222.22M | 246.02M | 266.29M |
| EPS (Basic) | 4.22 | 4.37 | 0.50 | 0.18 | -1.47 | 2.32 |
| EPS (Diluted) | 4.13 | 4.25 | 0.49 | 0.18 | -1.47 | 2.27 |
| Free Cash Flow | 570.44M | -429.00M | -213.01M | -12.76M | 443.63M | |
| Free Cash Flow Per Share | 3.42 | -2.29 | -0.96 | -0.05 | 1.67 | |
| Gross Margin | 94.56% | 11.88% | 8.43% | -22.81% | 67.83% | 94.51% |
| Operating Margin | -1,908.01% | -829.46% | -148.99% | -234.13% | -32.66% | 59.08% |
| Profit Margin | 3,369.89% | 1,729.89% | 42.38% | 30.98% | -69.07% | 37.12% |
| Free Cash Flow Margin | 1,392.56% | -198.22% | -168.60% | -2.43% | 27.96% | |
| EBITDA | -310.94M | -289.08M | -299.94M | -281.88M | -163.23M | 959.01M |
| EBITDA Margin | -138.59% | -223.12% | -31.15% | 60.44% | ||
| D&A For EBITDA | 64.79M | 50.70M | 22.51M | 13.92M | 7.95M | 21.62M |
| EBIT | -375.74M | -339.78M | -322.45M | -295.80M | -171.17M | 937.39M |
| EBIT Margin | -148.99% | -234.13% | -32.66% | 59.08% | ||
| Effective Tax Rate | 5.71% | 4.15% | 41.77% | 61.43% | 30.78% | |
| Revenue as Reported | 19.69M | 40.96M | 216.43M | 126.34M | 577.49M | 1.65B |
| Advertising Expenses | 3.99M | 53.98K | 946.66K | 207.91M | 19.05M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.81B | 5.53B | 4.26B | 7.21B | 3.49B | 2.07B |
| Short-Term Investments | 2.69B | 2.76B | 3.13B | 2.20B | 5.38B | 5.93B |
| Cash & Short-Term Investments | 6.50B | 8.30B | 7.39B | 9.40B | 8.86B | 7.99B |
| Accounts Receivable | 5.35M | 34.28M | 25.88M | 1.38M | 2.43B | |
| Other Receivables | 845.80M | 304.41M | 445.25M | 1.17B | 1.38B | |
| Receivables | 851.15M | 338.68M | 471.13M | 1.17B | 3.81B | |
| Inventory | 54.68M | 10.67M | 10.38M | 116.71M | 15.21M | |
| Prepaid Expenses | 36.12M | |||||
| Restricted Cash | 1.53B | 1.52B | 781.19M | 59.44M | 86.37M | 177.92M |
| Other Current Assets | 2.98B | 665.89M | 1.62B | 214.64M | 823.64M | 184.72M |
| Total Current Assets | 11.02B | 11.39B | 10.14B | 10.16B | 11.06B | 12.22B |
| Property, Plant & Equipment | 1.76B | 1.77B | 1.74B | 1.47B | 877.03M | 959.71M |
| Long-Term Investments | 218.28M | 199.30M | 225.09M | 347.40M | 350.10M | 371.65M |
| Other Intangible Assets | 1.30M | 1.59M | 2.21M | 3.09M | 9.70M | 11.01M |
| Long-Term Accounts Receivable | 430.39K | |||||
| Long-Term Deferred Tax Assets | 87.29M | |||||
| Other Long-Term Assets | 1.07B | 249.19M | 353.37M | 498.84M | 451.08M | 442.95M |
| Total Assets | 14.06B | 13.61B | 12.46B | 12.48B | 12.75B | 14.09B |
| Accounts Payable | 153.18M | 115.79M | 109.33M | 52.63M | 32.10M | |
| Accrued Expenses | 270.05M | 29.09M | 30.50M | 31.91M | 103.55M | 249.71M |
| Short-Term Debt | 1.58B | 1.58B | 720.00M | 29.06M | ||
| Current Portion of Leases | 846.00K | 4.23M | 18.70M | 29.94M | 6.31M | 37.47M |
| Current Income Taxes Payable | 33.75M | 58.16M | 33.42M | 111.84M | 90.75M | 78.29M |
| Other Current Liabilities | 414.88M | 160.00M | 205.68M | 471.46M | 302.62M | 95.94M |
| Total Current Liabilities | 2.30B | 1.98B | 1.12B | 754.49M | 584.93M | 493.52M |
| Long-Term Debt | 680.00M | 116.25M | 826.71M | |||
| Long-Term Leases | 254.00K | 655.07K | 48.71M | 39.76M | 425.96K | 168.80M |
| Long-Term Deferred Tax Liabilities | 2.12M | 68.54M | ||||
| Other Long-Term Liabilities | 10.01M | |||||
| Total Liabilities | 2.98B | 1.98B | 1.17B | 794.24M | 703.72M | 1.57B |
| Common Stock | 176.00K | 175.89K | 175.89K | 175.89K | 175.89K | 175.89K |
| Additional Paid-In Capital | 3.94B | 4.02B | 4.03B | 4.03B | 4.04B | 4.02B |
| Retained Earnings | 9.80B | 9.38B | 8.67B | 8.58B | 8.54B | 8.90B |
| Treasury Stock | -2.53B | -1.72B | -1.42B | -899.63M | -486.95M | -346.32M |
| Comprehensive Income & Other | -116.60M | -55.18M | 13.75M | -24.13M | -45.96M | -59.00M |
| Total Common Equity | 11.08B | 11.63B | 11.29B | 11.69B | 12.04B | 12.52B |
| Minority Interest | 6.85M | |||||
| Shareholders' Equity | 11.08B | 11.63B | 11.29B | 11.69B | 12.04B | 12.52B |
| Total Liabilities & Equity | 14.06B | 13.61B | 12.46B | 12.48B | 12.75B | 14.09B |
| Total Debt | 2.26B | 1.58B | 787.40M | 69.70M | 152.05M | 1.03B |
| Net Cash (Debt) | 4.24B | 6.72B | 6.60B | 9.33B | 8.71B | 6.96B |
| Net Cash Per Share | 26.36 | 40.24 | 35.17 | 42.01 | 35.41 | 26.13 |
| Filing Date Shares Outstanding | 155.16M | 155.28M | 165.13M | 189.40M | 224.90M | 252.47M |
| Total Common Shares Outstanding | 155.16M | 156.68M | 168.69M | 200.60M | 232.25M | 253.73M |
| Working Capital | 8.72B | 9.41B | 9.02B | 9.41B | 10.47B | 11.72B |
| Book Value Per Share | 71.42 | 74.24 | 66.94 | 58.26 | 51.85 | 49.33 |
| Tangible Book Value | 11.08B | 11.63B | 11.29B | 11.68B | 12.03B | 12.51B |
| Tangible Book Value Per Share | 71.42 | 74.23 | 66.92 | 58.25 | 51.81 | 49.29 |
| Buildings | 1.57B | 118.27M | ||||
| Machinery | 193.23M | 205.40M | 196.45M | 20.54M | 20.06M | |
| Construction In Progress | 1.30B | 1.13B | 767.22M | 660.79M | ||
| Leasehold Improvements | 13.62M | 15.97M | 13.62M | 28.94M | 169.22M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 708.63M | 91.73M | 39.13M | -361.96M | 589.07M | |
| Depreciation & Amortization | 66.82M | 55.47M | 41.27M | 64.33M | 99.47M | |
| Loss (Gain) From Sale of Assets | 982.76K | 690.10K | 2.57M | 8.23M | 256.29K | |
| Asset Writedown & Restructuring Costs | 54.28M | 1.57M | 5.80M | 268.93M | 156.39M | |
| Loss (Gain) From Sale of Investments | -60.66M | 3.51M | 198.77K | 99.65M | 7.42M | |
| Loss (Gain) on Equity Investments | 18.94M | 4.05M | -3.21M | -14.00M | 221.80M | |
| Stock-Based Compensation | 2.26M | 4.94M | 24.05M | 35.34M | ||
| Provision & Write-off of Bad Debts | -281.98K | 105.54K | 199.71K | -31.17K | -87.78K | |
| Other Operating Activities | -138.06M | -55.99M | -121.49M | 110.15M | 43.37M | |
| Change in Accounts Receivable | 29.20M | -8.47M | -26.08M | 72.04M | 165.07M | |
| Change in Other Net Operating Assets | 9.16M | -203.07M | 415.77M | 183.12M | -309.71M | |
| Operating Cash Flow | 687.06M | -111.00M | 352.02M | 260.87M | 922.07M | |
| Capital Expenditures | -116.62M | -318.00M | -565.03M | -273.63M | -478.43M | |
| Investment in Securities | 395.74M | -800.91M | 3.49B | 487.19M | -1.06B | |
| Other Investing Activities | 566.32M | -1.23B | 964.57M | -902.17M | -629.59M | |
| Investing Cash Flow | 845.44M | -2.34B | 3.90B | 1.88B | -246.58M | |
| Short-Term Debt Issued | 1.58B | 720.00M | ||||
| Long-Term Debt Issued | 42.90M | |||||
| Total Debt Issued | 1.58B | 720.00M | 42.90M | |||
| Long-Term Debt Repaid | -720.00M | -145.31M | -689.12M | -119.37M | ||
| Total Debt Repaid | -720.00M | -145.31M | -689.12M | -119.37M | ||
| Net Debt Issued (Repaid) | 856.00M | 720.00M | -145.31M | -689.12M | -76.47M | |
| Issuance of Common Stock | 100.00K | 213.00 | 141.00 | 1.24K | ||
| Repurchase of Common Stock | -300.51M | -533.16M | -420.66M | -145.87M | ||
| Other Financing Activities | -7.72M | |||||
| Financing Cash Flow | 555.59M | 186.84M | -565.97M | -834.99M | -84.19M | |
| Foreign Exchange Rate Adjustments | -76.55M | 46.24M | 12.54M | 18.62M | -20.84M | |
| Net Cash Flow | 2.01B | -2.22B | 3.69B | 1.33B | 570.46M | |
| Free Cash Flow | 570.44M | -429.00M | -213.01M | -12.76M | 443.63M | |
| Free Cash Flow Margin | 1,392.56% | -198.22% | -168.60% | -2.43% | 27.96% | |
| Free Cash Flow Per Share | 3.42 | -2.29 | -0.96 | -0.05 | 1.67 | |
| Levered Free Cash Flow | -593.86M | -2.79B | 909.55M | 1.83B | 1.13B | |
| Unlevered Free Cash Flow | -593.86M | -2.79B | 909.55M | 1.83B | 1.13B | |
| Cash Interest Paid | 32.23M | 1.71M | 7.72M | |||
| Cash Income Tax Paid | 5.79M | 144.22M | 43.37M | 59.11M | 137.55M | |
| Change in Working Capital | 38.36M | -211.54M | 387.57M | 276.01M | -19.35M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 286.50M | 586.20M | 534.12M | 458.79M | 240.61M | 245.27M |
| Enterprise Value | -338.07M | -569.83M | -396.80M | -858.87M | -846.67M | -746.36M |
| Last Close Price | 1.80 | 3.55 | 2.82 | 2.04 | 0.95 | 0.97 |
| PE Ratio | 3.04 | 5.79 | 42.50 | 83.13 | 2.65 | |
| Forward PE | 5.93 | 5.93 | 5.93 | 5.93 | 1.67 | |
| PS Ratio | 96.41 | 100.09 | 18.01 | 25.75 | 3.17 | 0.98 |
| PB Ratio | 0.17 | 0.35 | 0.34 | 0.28 | 0.14 | 0.12 |
| P/TBV Ratio | 0.17 | 0.35 | 0.34 | 0.28 | 0.14 | 0.12 |
| P/FCF Ratio | 3.26 | 7.19 | 3.51 | |||
| P/OCF Ratio | 5.97 | 9.24 | 6.36 | 1.69 | ||
| PEG Ratio | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | |
| Debt / Equity Ratio | 0.20 | 0.14 | 0.07 | 0.01 | 0.01 | 0.08 |
| Debt / EBITDA Ratio | 0.99 | |||||
| Debt / FCF Ratio | 2.77 | 2.33 | ||||
| Net Debt / Equity Ratio | -0.38 | -0.58 | -0.58 | -0.80 | -0.72 | -0.56 |
| Net Debt / EBITDA Ratio | 13.64 | 23.23 | 22.02 | 33.12 | 53.38 | -7.26 |
| Net Debt / FCF Ratio | -11.77 | 15.39 | 43.82 | 683.04 | -15.69 | |
| Asset Turnover | 0.00 | 0.00 | 0.02 | 0.01 | 0.04 | 0.12 |
| Inventory Turnover | 1.10 | 18.82 | 2.44 | 2.56 | 1.63 | |
| Quick Ratio | 2.83 | 4.62 | 6.88 | 13.09 | 17.15 | 23.92 |
| Current Ratio | 4.80 | 5.75 | 9.02 | 13.47 | 18.91 | 24.76 |
| Return on Equity (ROE) | 5.86% | 6.18% | 0.80% | 0.33% | -2.95% | 4.80% |
| Return on Assets (ROA) | -1.75% | -1.63% | -1.62% | -1.47% | -0.80% | 4.26% |
| Return on Invested Capital (ROIC) | -5.18% | -6.78% | -5.33% | -4.01% | -3.85% | 10.88% |
| Return on Capital Employed (ROCE) | -3.20% | -2.90% | -2.80% | -2.50% | -1.40% | 6.90% |
| Earnings Yield | 32.93% | 17.28% | 2.35% | 1.20% | -21.81% | 37.81% |
| FCF Yield | 30.68% | 13.91% | -11.00% | -6.55% | -0.77% | 28.47% |
| Buyback Yield / Dilution | 8.19% | 11.12% | 15.50% | 9.68% | 7.61% | 2.93% |