Fangzhou Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,878	2,707	2,434	2,204	1,759
Revenue Growth (YoY)	16.71%	11.22%	10.43%	25.34%	-
Cost of Revenue	2,359	2,191	1,947	1,824	1,539
Gross Profit	518.72	515.94	487.41	380.58	219.65
Selling, General & Admin	520.35	1,265	515.25	507.73	448.26
Other Operating Expenses	-5.94	-5.54	-4.53	-0.47	-5.37
Operating Expenses	515.25	1,260	510.86	507.43	443.2
Operating Income	3.47	-744.09	-23.45	-126.85	-223.55
Interest Expense	-1.88	-2.24	-1.64	-1.17	-0.82
Currency Exchange Gain (Loss)	-0.9	-12.88	-28.44	-134.66	27.64
Other Non Operating Income (Expenses)	-3.6	-74.92	-143.18	-120.61	-107.22
EBT Excluding Unusual Items	-2.91	-834.13	-196.71	-383.29	-303.95
Gain (Loss) on Sale of Investments	-20.73	-20.73	-	-	-
Pretax Income	-23.63	-854.85	-196.71	-383.29	-303.95
Income Tax Expense	0.05	0.03	0.08	0.01	0.04
Earnings From Continuing Operations	-23.68	-854.89	-196.79	-383.3	-303.99
Minority Interest in Earnings	-	-	-	-	0.03
Net Income	-23.68	-854.89	-196.79	-383.3	-303.96
Net Income to Common	-23.68	-854.89	-196.79	-383.3	-303.96
Shares Outstanding (Basic)	1,318	976	558	-	-
Shares Outstanding (Diluted)	1,318	976	558	-	-
Shares Change (YoY)	118.92%	75.00%	-	-	-
EPS (Basic)	-0.02	-0.88	-0.35	-	-
EPS (Diluted)	-0.02	-0.88	-0.35	-	-
Free Cash Flow	20.47	15.63	16.63	-55.25	-209.17
Free Cash Flow Per Share	0.02	0.02	0.03	-	-
Gross Margin	18.02%	19.06%	20.02%	17.27%	12.49%
Operating Margin	0.12%	-27.48%	-0.96%	-5.75%	-12.71%
Profit Margin	-0.82%	-31.58%	-8.08%	-17.39%	-17.28%
Free Cash Flow Margin	0.71%	0.58%	0.68%	-2.51%	-11.89%
EBITDA	7.6	-739.57	-19.23	-123	-220.66
EBITDA Margin	0.26%	-27.32%	-0.79%	-5.58%	-12.55%
D&A For EBITDA	4.13	4.52	4.22	3.85	2.89
EBIT	3.47	-744.09	-23.45	-126.85	-223.55
EBIT Margin	0.12%	-27.48%	-0.96%	-5.75%	-12.71%

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