GCL New Energy Holdings Limited (HKG:0451)

GCL New Energy Holdings Income Statement

Financials in millions CNY. 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	1,063	1,108	831.52	929.06	2,845
Revenue Growth (YoY)	-4.08%	33.22%	-10.50%	-67.34%	-43.37%
Selling, General & Admin	223.49	278.86	424.78	571.63	696.51
Provision for Bad Debts	2.54	-	-	0.84	-12.27
Other Operating Expenses	916.5	980.32	450.73	477.99	1,066
Total Operating Expenses	1,173	1,289	875.51	1,050	1,750
Operating Income	-110.83	-180.78	-43.99	-121.4	1,095
Interest Expense	-44.74	-51.42	-443.88	-571.54	-1,578
Interest Income	82.18	94.56	54.75	116.79	47.75
Net Interest Expense	37.44	43.14	-389.14	-454.75	-1,531
Income (Loss) on Equity Investments	64.85	111.04	112.36	122.79	99.48
Currency Exchange Gain (Loss)	-10.4	3.83	-38.35	-238.74	53.91
Other Non-Operating Income (Expenses)	-1,134	-192.12	-127.56	-352.62	-49.51
EBT Excluding Unusual Items	-1,153	-214.89	-486.67	-1,045	-332.26
Gain (Loss) on Sale of Investments	9.87	-15.32	-	-	-
Gain (Loss) on Sale of Assets	-0.1	11.64	-394.99	-60.35	85.19
Asset Writedown	-	-	-191.13	-358.97	-294.21
Insurance Settlements	-	-	-	-	24.9
Other Unusual Items	-	-	123.93	194.57	1.7
Pretax Income	-1,143	-218.56	-948.86	-1,269	-514.68
Income Tax Expense	4.62	4.18	15.15	18.91	47.04
Earnings From Continuing Ops.	-1,148	-222.74	-964.01	-1,288	-561.72
Net Income to Company	-1,148	-222.74	-964.01	-1,288	-561.72
Minority Interest in Earnings	-192.02	-201.3	-201.63	-204.17	-228.55
Net Income	-1,340	-424.04	-1,166	-1,493	-790.27
Net Income to Common	-1,340	-424.04	-1,166	-1,493	-790.27
Shares Outstanding (Basic)	1,521	1,318	1,167	1,100	1,038
Shares Outstanding (Diluted)	1,521	1,318	1,167	1,100	1,038
Shares Change (YoY)	15.38%	12.93%	6.09%	6.06%	8.79%
EPS (Basic)	-0.88	-0.32	-1.00	-1.36	-0.76
EPS (Diluted)	-0.88	-0.32	-1.00	-1.36	-0.76
Free Cash Flow	-	-425.43	-122.76	561.59	-2,358
Free Cash Flow Per Share	-	-0.32	-0.10	0.51	-2.27
Profit Margin	-126.11%	-38.28%	-140.18%	-160.65%	-27.78%
Free Cash Flow Margin	-	-38.40%	-14.76%	60.45%	-82.87%
EBITDA	-54.78	-124.74	195.45	164.47	1,945
EBITDA Margin	-5.16%	-11.26%	23.51%	17.70%	68.37%
D&A For EBITDA	56.05	56.05	239.43	285.87	850.54
EBIT	-110.83	-180.78	-43.99	-121.4	1,095
EBIT Margin	-10.43%	-16.32%	-5.29%	-13.07%	38.47%

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