China New Energy Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	85.92	85.43	41.83	117.35	386.83
Revenue Growth (YoY)	0.57%	104.25%	-64.36%	-69.66%	-25.83%
Cost of Revenue	70.42	68.56	46.95	102.17	341.51
Gross Profit	15.5	16.87	-5.12	15.19	45.32
Selling, General & Admin	27.78	28.51	25.92	28.86	28.27
Other Operating Expenses	-3.96	2.3	-1.56	-7.21	-16.97
Operating Expenses	35.26	70.89	58.4	37.48	33.99
Operating Income	-19.76	-54.02	-63.52	-22.29	11.33
Interest Expense	-1.34	-1.78	-1.83	-1.67	-2.01
Interest & Investment Income	-	0.01	0.01	0.01	0.01
Earnings From Equity Investments	-0.21	-6.03	0.98	-	-
Currency Exchange Gain (Loss)	-	-0.08	-1.17	-0.77	1.41
Other Non Operating Income (Expenses)	-	1.93	-46.26	-24.98	-1.73
EBT Excluding Unusual Items	-21.31	-59.97	-111.79	-49.7	9.02
Gain (Loss) on Sale of Assets	-	-	-	-	-0.06
Asset Writedown	-5.74	0.5	1.39	-7.02	-
Pretax Income	-27.05	-59.47	-110.4	-56.72	8.96
Income Tax Expense	-0.17	-0.17	16.32	-5.76	1.17
Earnings From Continuing Operations	-26.88	-59.29	-126.72	-50.96	7.8
Minority Interest in Earnings	0.48	-0.2	0.13	0.43	0.63
Net Income	-26.4	-59.5	-126.59	-50.53	8.42
Net Income to Common	-26.4	-59.5	-126.59	-50.53	8.42
Net Income Growth	-	-	-	-	-81.02%
Shares Outstanding (Basic)	587	590	590	590	590
Shares Outstanding (Diluted)	587	590	590	590	590
Shares Change (YoY)	-0.53%	-	-	-	10.35%
EPS (Basic)	-0.04	-0.10	-0.21	-0.09	0.01
EPS (Diluted)	-0.04	-0.10	-0.21	-0.09	0.01
EPS Growth	-	-	-	-	-82.56%
Free Cash Flow	-	-3.42	7.77	2.58	-30.05
Free Cash Flow Per Share	-	-0.01	0.01	0.00	-0.05
Gross Margin	18.04%	19.75%	-12.25%	12.94%	11.72%
Operating Margin	-23.00%	-63.23%	-151.86%	-18.99%	2.93%
Profit Margin	-30.73%	-69.64%	-302.67%	-43.05%	2.18%
Free Cash Flow Margin	-	-4.00%	18.57%	2.20%	-7.77%
EBITDA	-13.2	-47.46	-56.75	-15.86	17.11
EBITDA Margin	-15.37%	-55.55%	-135.67%	-13.51%	4.42%
D&A For EBITDA	6.56	6.56	6.77	6.43	5.78
EBIT	-19.76	-54.02	-63.52	-22.29	11.33
EBIT Margin	-23.00%	-63.23%	-151.86%	-18.99%	2.93%
Effective Tax Rate	-	-	-	-	13.04%

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