Xinming China Holdings 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	109.46	86.84	422.58	35.2	101.83
Revenue Growth (YoY)	26.05%	-79.45%	1100.58%	-65.44%	-20.77%
Cost of Revenue	42.76	78.93	495.65	15.19	44.84
Gross Profit	66.7	7.92	-73.07	20.01	57
Selling, General & Admin	16.75	23.4	37.66	68.84	61.07
Other Operating Expenses	-17.46	94.89	-1.06	599.39	7.91
Operating Expenses	-0.71	118.29	36.6	668.23	68.97
Operating Income	67.41	-110.37	-109.68	-648.22	-11.98
Interest Expense	-319.93	-462.87	-391.94	-84.04	-475.89
Interest & Investment Income	0.01	0.01	0.18	0.05	0.19
Currency Exchange Gain (Loss)	-1.1	-	-6.51	-23.14	2.54
Other Non Operating Income (Expenses)	14.97	0.02	0.14	0.35	0.89
EBT Excluding Unusual Items	-238.65	-573.22	-507.8	-755	-484.25
Gain (Loss) on Sale of Assets	-	-3.32	-34.64	-967.39	-640.06
Asset Writedown	21.87	-12.27	-17.9	-1,083	-2
Other Unusual Items	-	-9.46	-3.81	-24.34	284.37
Pretax Income	-216.78	-598.27	-564.16	-2,830	-841.94
Income Tax Expense	22.57	-8.58	28.48	-440.02	-10.83
Earnings From Continuing Operations	-239.34	-589.69	-592.63	-2,390	-831.11
Net Income to Company	-239.34	-589.69	-592.63	-2,390	-831.11
Minority Interest in Earnings	20.31	47.17	66.51	139.18	-32.83
Net Income	-219.03	-542.52	-526.12	-2,250	-863.94
Net Income to Common	-219.03	-542.52	-526.12	-2,250	-863.94
Shares Outstanding (Basic)	53	19	19	19	19
Shares Outstanding (Diluted)	53	19	19	19	19
Shares Change (YoY)	181.69%	-	-	-	-
EPS (Basic)	-4.14	-28.88	-28.01	-119.79	-45.99
EPS (Diluted)	-4.14	-28.88	-28.01	-119.79	-45.99
Free Cash Flow	-	66.08	-84.27	-1.68	166.86
Free Cash Flow Per Share	-	3.52	-4.49	-0.09	8.88
Gross Margin	60.93%	9.12%	-17.29%	56.85%	55.97%
Operating Margin	61.58%	-127.09%	-25.95%	-1841.64%	-11.76%
Profit Margin	-200.09%	-624.72%	-124.50%	-6393.63%	-848.38%
Free Cash Flow Margin	-	76.09%	-19.94%	-4.76%	163.85%
EBITDA	67.42	-110.35	-109.66	-648.17	-11.88
EBITDA Margin	61.59%	-127.07%	-25.95%	-	-11.67%
D&A For EBITDA	0.01	0.01	0.01	0.05	0.09
EBIT	67.41	-110.37	-109.68	-648.22	-11.98
EBIT Margin	61.58%	-127.09%	-25.95%	-	-11.76%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.