China Wantian Holdings Limited (HKG:1854)

China Wantian Holdings Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Mar 31, 2023	Mar 31, 2022
Revenue	1,165	788.63	258.81	202.14	127.67
Revenue Growth (YoY)	47.70%	204.71%	28.04%	58.32%	19.65%
Cost of Revenue	1,124	736.7	220.15	166.25	108.93
Gross Profit	40.38	51.93	38.66	35.89	18.75
Selling, General & Admin	159.09	124.11	138.19	52.36	23.82
Other Operating Expenses	-5.9	-6.13	-2.09	-1.2	-0.13
Operating Expenses	167.66	134.27	138.92	55.52	29.05
Operating Income	-127.28	-82.34	-100.26	-19.63	-10.31
Interest Expense	-2.56	-1.68	-1.68	-1.14	-0.64
Interest & Investment Income	0.06	0.54	0.24	0.18	0.05
Earnings From Equity Investments	-	-	-	-0.02	-0.08
EBT Excluding Unusual Items	-129.78	-83.48	-101.69	-20.61	-10.98
Impairment of Goodwill	-4.2	-	-	-	-
Gain (Loss) on Sale of Investments	-	-0.61	-	0.08	-
Gain (Loss) on Sale of Assets	-8.74	42.47	0.04	-	0.13
Other Unusual Items	0.08	0.27	40.81	-3.85	-
Pretax Income	-142.64	-41.34	-60.84	-24.37	-10.85
Income Tax Expense	0.16	0.67	-0.01	3.35	0.11
Earnings From Continuing Operations	-142.8	-42.01	-60.83	-27.73	-10.96
Minority Interest in Earnings	0.81	0.02	-	-	0
Net Income	-141.99	-41.99	-60.83	-27.73	-10.96
Net Income to Common	-141.99	-41.99	-60.83	-27.73	-10.96
Shares Outstanding (Basic)	2,037	1,938	1,837	1,653	1,417
Shares Outstanding (Diluted)	2,037	1,938	1,837	1,653	1,417
Shares Change (YoY)	5.10%	5.47%	11.13%	16.65%	12.49%
EPS (Basic)	-0.07	-0.02	-0.03	-0.02	-0.01
EPS (Diluted)	-0.07	-0.02	-0.03	-0.02	-0.01
Free Cash Flow	-	-87.53	-52.22	-22.66	-9.7
Free Cash Flow Per Share	-	-0.04	-0.03	-0.01	-0.01
Gross Margin	3.47%	6.59%	14.94%	17.75%	14.68%
Operating Margin	-10.93%	-10.44%	-38.74%	-9.71%	-8.07%
Profit Margin	-12.19%	-5.33%	-23.50%	-13.72%	-8.58%
Free Cash Flow Margin	-	-11.10%	-20.18%	-11.21%	-7.60%
EBITDA	-119.99	-75.06	-91.7	-14.32	-6.64
EBITDA Margin	-10.30%	-9.52%	-35.43%	-7.08%	-5.20%
D&A For EBITDA	7.29	7.29	8.56	5.31	3.67
EBIT	-127.28	-82.34	-100.26	-19.63	-10.31
EBIT Margin	-10.93%	-10.44%	-38.74%	-9.71%	-8.07%

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