Winshine Science Company Limited (HKG:0209)

Winshine Science Company Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	382.4	515.91	523.26	849.1	724.63
Revenue Growth (YoY)	-25.88%	-1.41%	-38.37%	17.18%	98.90%
Cost of Revenue	412.67	503.11	483.4	750.81	689.47
Gross Profit	-30.27	12.8	39.87	98.28	35.15
Selling, General & Admin	43.26	49.3	55.36	71.97	72.68
Other Operating Expenses	2	2.86	5.5	20.08	8.09
Operating Expenses	44.05	52.73	57.59	83.87	90.21
Operating Income	-74.32	-39.93	-17.72	14.41	-55.06
Interest Expense	-	-18.18	-15.59	-14.35	-16.08
Interest & Investment Income	-	0.03	0.04	0.05	0.07
Currency Exchange Gain (Loss)	-	2.29	7.09	12.69	-2.95
Other Non Operating Income (Expenses)	-11.65	0.46	1.99	-21.48	8.32
EBT Excluding Unusual Items	-85.97	-55.34	-24.19	-8.68	-65.69
Impairment of Goodwill	-	-0.74	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-10	0.1
Gain (Loss) on Sale of Assets	-	-1.59	1.19	30.43	0.07
Asset Writedown	-8.37	-11.77	-	-	-49.83
Legal Settlements	-	-	-	2.65	-14.52
Other Unusual Items	-	-	-	-2.63	-
Pretax Income	-94.34	-69.44	-23	11.77	-129.87
Income Tax Expense	-0.67	4.33	6.36	3.69	6.14
Earnings From Continuing Operations	-93.67	-73.76	-29.36	8.08	-136.02
Minority Interest in Earnings	0.84	0.74	0.71	-	-
Net Income	-92.83	-73.03	-28.65	8.08	-136.02
Net Income to Common	-92.83	-73.03	-28.65	8.08	-136.02
Shares Outstanding (Basic)	220	130	90	73	73
Shares Outstanding (Diluted)	220	130	90	73	73
Shares Change (YoY)	70.17%	43.85%	23.00%	-	-
EPS (Basic)	-0.42	-0.56	-0.32	0.11	-1.86
EPS (Diluted)	-0.42	-0.56	-0.32	0.11	-1.86
Free Cash Flow	-	-37.12	-3.62	25.26	-24.71
Free Cash Flow Per Share	-	-0.29	-0.04	0.34	-0.34
Gross Margin	-7.92%	2.48%	7.62%	11.58%	4.85%
Operating Margin	-19.44%	-7.74%	-3.39%	1.70%	-7.60%
Profit Margin	-24.28%	-14.16%	-5.47%	0.95%	-18.77%
Free Cash Flow Margin	-	-7.20%	-0.69%	2.97%	-3.41%
EBITDA	-62.59	-28.19	-6.27	20.59	-42.38
EBITDA Margin	-16.37%	-5.46%	-1.20%	2.43%	-5.85%
D&A For EBITDA	11.74	11.74	11.45	6.18	12.68
EBIT	-74.32	-39.93	-17.72	14.41	-55.06
EBIT Margin	-19.44%	-7.74%	-3.39%	1.70%	-7.60%
Effective Tax Rate	-	-	-	31.35%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.