Folangsi 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	1,749	1,611	1,372	1,194	1,172
Revenue Growth (YoY)	8.56%	17.43%	14.87%	1.88%	19.53%
Cost of Revenue	1,225	1,147	954.41	832.55	798.02
Gross Profit	523.98	463.73	417.4	361.66	374.17
Selling, General & Admin	290.18	245.64	218.42	203.28	227.22
Research & Development	46.71	43.92	42.18	39.65	-
Operating Expenses	343.98	297.65	263.03	247.11	231.72
Operating Income	180	166.08	154.37	114.56	142.45
Interest Expense	-107.8	-104.48	-85.1	-83.61	-81.84
Interest & Investment Income	3.13	4.01	2	1.95	1.65
Earnings From Equity Investments	1.09	1.53	0.24	0.95	-4.93
Currency Exchange Gain (Loss)	1.1	2.45	1.18	-2.38	0.58
Other Non Operating Income (Expenses)	8.48	5.92	-43.92	0.08	1.52
EBT Excluding Unusual Items	86	75.53	28.76	31.55	59.43
Gain (Loss) on Sale of Investments	-	-	0.09	2.33	-
Gain (Loss) on Sale of Assets	-	-	-0.04	-	0.02
Other Unusual Items	0.69	29.84	1.82	1.55	-
Pretax Income	86.68	105.37	30.63	35.42	59.45
Income Tax Expense	4.47	3.41	-0.59	0.02	4.27
Net Income	82.21	101.96	31.22	35.4	55.18
Net Income to Common	82.21	101.96	31.22	35.4	55.18
Net Income Growth	-19.37%	226.59%	-11.81%	-35.84%	1.79%
Shares Outstanding (Basic)	348	348	338	336	328
Shares Outstanding (Diluted)	348	348	338	336	328
Shares Change (YoY)	-	2.99%	0.60%	2.48%	1.80%
EPS (Basic)	0.24	0.29	0.09	0.11	0.17
EPS (Diluted)	0.24	0.29	0.09	0.11	0.17
EPS Growth	-19.37%	217.10%	-12.34%	-37.40%	-0.02%
Free Cash Flow	-	489.53	253.43	301.43	243.4
Free Cash Flow Per Share	-	1.41	0.75	0.90	0.74
Dividend Per Share	-	0.029	-	-	-
Gross Margin	29.96%	28.79%	30.43%	30.29%	31.92%
Operating Margin	10.29%	10.31%	11.25%	9.59%	12.15%
Profit Margin	4.70%	6.33%	2.28%	2.96%	4.71%
Free Cash Flow Margin	-	30.39%	18.47%	25.24%	20.77%
EBITDA	375.87	361.95	363.53	325.71	323.83
EBITDA Margin	21.49%	22.47%	26.50%	27.27%	27.63%
D&A For EBITDA	195.87	195.87	209.16	211.16	181.38
EBIT	180	166.08	154.37	114.56	142.45
EBIT Margin	10.29%	10.31%	11.25%	9.59%	12.15%
Effective Tax Rate	5.16%	3.23%	-	0.06%	7.18%

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