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<0>Reliable cash flow. You need to purchase a great business yielding revenue.</0><0>Growing net profit will ensure stable payments.</0><0>Regular payments over the past 20-25 years.</0><0>High dividend yield is not always good. High dividend stocks are not the only option for the dividend investor.</0>

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Huabao Technology Co., Ltd. engages in research and development, production, sale, and service of flavors and food ingredients to the food, beverages, tobacco, and daily chemicals industries in China and internationally. It operates through three divisions: Food Flavors, Daily Fragrance, and Food Ingredients. The company offers products in the fields of sweet flavoring and savory flavoring that are used in used in dairy products, beverages, frozen drinks, candies, nuts and seeds, puffed food, baking, meat products, and snack food. It also provides noodle products; popping boba, crystal balls, and jams; edible flavorings, food ingredients, and daily chemical flavorings used in food and beverage, tobacco, health products, catering, daily chemicals, and other industries; and fruit and vegetable, milk, floral, whole grain, tea, flavor profiles, and meat flavorings used in dairy products, beverages, confectionery, baking, meat products, snack food, and new-style tea drinks, as well as provision of technical services. The company offers its products under the Huabao, Peacock, Jiacui, Tianhong, HEDON, Xiden, Yifang, Owada, H&K Flavor, Jiapin Jiawei, and Amber brands. The company was formerly known as Huabao Flavours & Fragrances Co., Ltd. changed its name to Huabao Technology Co., Ltd. in June 2026. The company was founded in 1996 and is based in Shanghai, China. Huabao Technology Co., Ltd operates as a subsidiary of Huabao International Holdings Limited.

Huabao Flavours & Fragrances Co Ltd Class A

	2021	2022	2023	2024	2025	TTM
Revenue
Total revenue	1,941.4	1,893.9	1,484.6	1,356.8	1,329.1	1,381.3
COGS	548.1	700	670.2	684.8	738.8	740.9
Gross Profit	1,393.3	1,193.9	814.4	672	590.2	640.3
Operating Expenses & Income
Operating Income	1,185.2	872.4	441.5	(293.8)	1.411558	9.570223
Total Operating Expenses	208.1	321.5	372.9	965.8	588.8	825.2
R&D Expenses	152.2	153.7	133.8	136.5	137.3	148.1
Selling General & Admin Expenses	148.7	184.1	196.6	238.8	203.6	402.1
Earnings from Continuing Operations
Interest Expense	(1.000993)	(23.55)	(26.79)	(24.29)	(3.504441)	(3.180502)
Interest Income	79.16	55.99	55.28	46.05	63.33	33.24
Income Tax Expense	158.1	134.5	62.94	14.29	47.91	32.93
Net Income
Net Income	1,004.4	724.9	379	(296.3)	83.8	79.64
Supplemental
EBIT	921.2	648	312	93.46	1.411558	-
EBITDA	954.8	699.7	373.5	153	84.14	-