Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (HKG:2582)

HKG:2582 Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	346.37	458.61	522.44	359.49	329.28
Revenue	346.37	458.61	522.44	359.49	329.28
Revenue Growth (YoY)	-24.47%	-12.22%	45.33%	9.18%	31.23%
Cost of Revenue	342.5	412.67	429.08	320.47	297.51
Gross Profit	3.87	45.94	93.37	39.02	31.77
Selling, General & Admin	174.86	187.49	134.42	110.59	67.67
Research & Development	35.92	43.76	39.06	42.74	41.72
Operating Expenses	283.87	252.26	178.5	156.79	130.08
Operating Income	-280	-206.33	-85.14	-117.77	-98.31
Interest Expense	-34.98	-32.81	-22.85	-11.97	-5.18
Interest & Investment Income	2.41	2.27	1.4	1.34	1.61
Earnings From Equity Investments	-6.68	-2.66	-2.11	-0.33	-0.42
Currency Exchange Gain (Loss)	-6.66	0.2	0.1	0.31	0.06
Other Non Operating Income (Expenses)	-4.01	-26.06	-2.35	2.73	-0.54
EBT Excluding Unusual Items	-329.93	-265.38	-110.94	-125.69	-102.78
Gain (Loss) on Sale of Investments	-	-	-	0.18	-
Gain (Loss) on Sale of Assets	0.08	0.07	-	-0.71	-0.98
Other Unusual Items	35.24	12.68	22.14	10.13	14.21
Pretax Income	-294.62	-252.63	-88.81	-116.09	-89.55
Income Tax Expense	87.06	-44	-13.77	-19.87	-14.3
Earnings From Continuing Operations	-381.68	-208.63	-75.04	-96.22	-75.25
Minority Interest in Earnings	-1.29	-1.65	1.74	2.36	4.06
Net Income	-382.97	-210.28	-73.3	-93.86	-71.19
Net Income to Common	-382.97	-210.28	-73.3	-93.86	-71.19
Shares Outstanding (Basic)	107	99	90	90	82
Shares Outstanding (Diluted)	107	99	90	90	82
Shares Change (YoY)	7.87%	10.36%	0.03%	10.11%	30.54%
EPS (Basic)	-3.57	-2.12	-0.81	-1.04	-0.87
EPS (Diluted)	-3.57	-2.12	-0.81	-1.04	-0.87
Free Cash Flow	-	-266.43	-214.24	-378.73	-367.1
Free Cash Flow Per Share	-	-2.68	-2.38	-4.21	-4.49
Gross Margin	1.12%	10.02%	17.87%	10.85%	9.65%
Operating Margin	-80.84%	-44.99%	-16.30%	-32.76%	-29.86%
Profit Margin	-110.57%	-45.85%	-14.03%	-26.11%	-21.62%
Free Cash Flow Margin	-	-58.09%	-41.01%	-105.35%	-111.49%
EBITDA	-226.32	-152.65	-54.64	-93.91	-84.93
EBITDA Margin	-65.34%	-33.28%	-10.46%	-26.12%	-25.79%
D&A For EBITDA	53.68	53.68	30.5	23.86	13.38
EBIT	-280	-206.33	-85.14	-117.77	-98.31
EBIT Margin	-80.84%	-44.99%	-16.30%	-32.76%	-29.86%

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