Ruihe Data Technology Holdings Limited (HKG:3680)

HKG:3680 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
Revenue	321.38	377.84	367.95	377.13	397.37
Revenue Growth (YoY)	-14.94%	2.69%	-2.43%	-5.10%	20.31%
Cost of Revenue	295.67	339.77	320.82	287.79	268.18
Gross Profit	25.72	38.08	47.13	89.34	129.2
Selling, General & Admin	52.09	61.94	75.18	124.43	127.02
Research & Development	10.04	31.07	33.24	39.58	61.46
Other Operating Expenses	-3.91	-3.16	-6.3	-8.41	-9.68
Operating Expenses	63.13	90.72	127.31	179.99	202.69
Operating Income	-37.41	-52.65	-80.18	-90.65	-73.5
Interest Expense	-8.37	-9.04	-7.71	-8.08	-8.44
Interest & Investment Income	0.1	0.15	0.23	0.04	0.14
Earnings From Equity Investments	1.21	-0.46	-0.02	1.04	2.31
Other Non Operating Income (Expenses)	-	-1.8	-4.76	-1.98	-
EBT Excluding Unusual Items	-44.47	-63.8	-92.44	-99.63	-79.49
Gain (Loss) on Sale of Investments	9.85	-	0.7	-	-
Gain (Loss) on Sale of Assets	-	0.14	-1.69	-4.71	-0
Asset Writedown	-24.55	-12.33	-17.8	-24	-
Other Unusual Items	-	1.57	0.04	-1.17	-
Pretax Income	-59.18	-74.42	-111.18	-129.51	-79.49
Income Tax Expense	7.47	-0.37	-2.17	-5.49	-3.5
Earnings From Continuing Operations	-66.66	-74.04	-109.01	-124.02	-75.99
Minority Interest in Earnings	3.14	-0.95	-0.22	-4.17	-0.25
Net Income	-63.52	-75	-109.23	-128.19	-76.24
Net Income to Common	-63.52	-75	-109.23	-128.19	-76.24
Shares Outstanding (Basic)	738	658	580	415	402
Shares Outstanding (Diluted)	738	658	580	415	402
Shares Change (YoY)	12.21%	13.42%	39.84%	3.15%	0.52%
EPS (Basic)	-0.09	-0.11	-0.19	-0.31	-0.19
EPS (Diluted)	-0.09	-0.11	-0.19	-0.31	-0.19
Free Cash Flow	-	-17.92	-40.08	-23.83	-26.57
Free Cash Flow Per Share	-	-0.03	-0.07	-0.06	-0.07
Gross Margin	8.00%	10.08%	12.81%	23.69%	32.51%
Operating Margin	-11.64%	-13.93%	-21.79%	-24.04%	-18.50%
Profit Margin	-19.76%	-19.85%	-29.69%	-33.99%	-19.19%
Free Cash Flow Margin	-	-4.74%	-10.89%	-6.32%	-6.69%
EBITDA	-29.82	-45.06	-70.52	-76.34	-65.76
EBITDA Margin	-9.28%	-11.92%	-19.17%	-20.24%	-16.55%
D&A For EBITDA	7.59	7.59	9.66	14.31	7.74
EBIT	-37.41	-52.65	-80.18	-90.65	-73.5
EBIT Margin	-11.64%	-13.93%	-21.79%	-24.04%	-18.50%

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