China Rare Earth Holdings Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	756.66	686.07	810.41	1,212	1,112
Revenue Growth (YoY)	10.29%	-15.34%	-33.16%	9.00%	9.21%
Cost of Revenue	809.65	837.39	809.3	1,126	1,036
Gross Profit	-52.99	-151.32	1.12	85.98	75.83
Selling, General & Admin	36.43	55.86	48.61	57.7	49.85
Other Operating Expenses	-3.97	11.88	341.5	7.94	11.57
Operating Expenses	32.46	67.73	390.11	65.64	61.42
Operating Income	-85.45	-219.05	-388.99	20.34	14.4
Interest Expense	-0.04	-0.31	-0.3	-0.46	-0.44
Interest & Investment Income	2.01	2.86	4.87	5.86	5.18
Currency Exchange Gain (Loss)	-1.55	0.61	-7.93	1.85	6.06
EBT Excluding Unusual Items	-85.04	-215.88	-392.34	27.59	25.2
Gain (Loss) on Sale of Assets	0.29	5.72	0.4	0.33	1.3
Asset Writedown	-21.83	-	-	-	-
Other Unusual Items	-	-	-	0.16	-
Pretax Income	-106.58	-210.17	-391.95	28.08	26.5
Income Tax Expense	0.57	-0.56	1.73	2.65	5.89
Earnings From Continuing Operations	-107.15	-209.6	-393.68	25.44	20.61
Minority Interest in Earnings	2.22	9.06	20.38	-1.16	-0.9
Net Income	-104.92	-200.55	-373.3	24.27	19.71
Net Income to Common	-104.92	-200.55	-373.3	24.27	19.71
Net Income Growth	-	-	-	23.16%	-49.31%
Shares Outstanding (Basic)	2,342	2,342	2,342	2,342	2,342
Shares Outstanding (Diluted)	2,342	2,342	2,342	2,342	2,342
EPS (Basic)	-0.04	-0.09	-0.16	0.01	0.01
EPS (Diluted)	-0.04	-0.09	-0.16	0.01	0.01
EPS Growth	-	-	-	23.16%	-49.32%
Free Cash Flow	-312.75	-169.79	-237.45	24.85	147.09
Free Cash Flow Per Share	-0.13	-0.07	-0.10	0.01	0.06
Gross Margin	-7.00%	-22.05%	0.14%	7.09%	6.82%
Operating Margin	-11.29%	-31.93%	-48.00%	1.68%	1.29%
Profit Margin	-13.87%	-29.23%	-46.06%	2.00%	1.77%
Free Cash Flow Margin	-41.33%	-24.75%	-29.30%	2.05%	13.22%
EBITDA	-59.58	-188.54	-354.25	51.8	46.4
EBITDA Margin	-7.87%	-27.48%	-43.71%	4.27%	4.17%
D&A For EBITDA	25.88	30.51	34.74	31.46	32
EBIT	-85.45	-219.05	-388.99	20.34	14.4
EBIT Margin	-11.29%	-31.93%	-48.00%	1.68%	1.29%
Effective Tax Rate	-	-	-	9.43%	22.22%

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