Shuanghua Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	35	82.78	100.69	20.41	32.69	63.79
Revenue Growth (YoY)	-73.59%	-17.79%	393.41%	-37.58%	-48.76%	122.93%
Cost of Revenue	36.02	80.47	86.23	17.17	27.72	54.2
Gross Profit	-1.01	2.31	14.46	3.23	4.97	9.6
Selling, General & Admin	19.31	19.93	19.42	20.72	22.01	27.88
Operating Expenses	19.08	22.26	21.32	22.75	27.24	28.47
Operating Income	-20.09	-19.95	-6.87	-19.52	-22.28	-18.87
Interest Expense	-0.01	-0.02	-0.05	-0.02	-0.06	-0.03
Interest & Investment Income	3.19	3.12	3.89	3.29	2.3	3.64
Currency Exchange Gain (Loss)	0.17	0.62	-0.44	-0.01	-0.2	-0.32
Other Non Operating Income (Expenses)	-1.45	-2.56	-8.47	-3.97	5.09	4.04
EBT Excluding Unusual Items	-18.19	-18.79	-11.93	-20.23	-15.14	-11.54
Gain (Loss) on Sale of Investments	2.61	2.42	0.46	-1.06	-0.87	-1.27
Gain (Loss) on Sale of Assets	0.03	0.03	0.83	-0.03	-2.37	4.79
Pretax Income	-15.55	-16.34	-10.64	-21.32	-18.38	-8.01
Income Tax Expense	0.28	0.56	1.47	-1.37	-0.19	-0.88
Earnings From Continuing Operations	-15.83	-16.9	-12.11	-19.95	-18.19	-7.13
Minority Interest in Earnings	-	-	-	-	-0.39	1.97
Net Income	-15.83	-16.9	-12.11	-19.95	-18.58	-5.15
Net Income to Common	-15.83	-16.9	-12.11	-19.95	-18.58	-5.15
Shares Outstanding (Basic)	650	650	650	650	650	650
Shares Outstanding (Diluted)	650	650	650	650	650	650
EPS (Basic)	-0.02	-0.03	-0.02	-0.03	-0.03	-0.01
EPS (Diluted)	-0.02	-0.03	-0.02	-0.03	-0.03	-0.01
Free Cash Flow	-11.98	14.01	-24.14	-7.85	-28.31	-49.77
Free Cash Flow Per Share	-0.02	0.02	-0.04	-0.01	-0.04	-0.08
Gross Margin	-2.89%	2.79%	14.36%	15.84%	15.19%	15.04%
Operating Margin	-57.38%	-24.10%	-6.82%	-95.65%	-68.14%	-29.58%
Profit Margin	-45.22%	-20.41%	-12.03%	-97.76%	-56.84%	-8.08%
Free Cash Flow Margin	-34.23%	16.92%	-23.98%	-38.45%	-86.60%	-78.02%
EBITDA	-8.58	-8.43	4.14	-8.84	-11.7	-11.56
EBITDA Margin	-24.51%	-10.18%	4.11%	-43.33%	-35.77%	-18.12%
D&A For EBITDA	11.51	11.52	11.01	10.68	10.58	7.31
EBIT	-20.09	-19.95	-6.87	-19.52	-22.28	-18.87
EBIT Margin	-57.38%	-24.10%	-6.82%	-95.65%	-68.14%	-29.58%

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