Fangzhou 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	3,526	2,707	2,434	2,204	1,759
Revenue Growth (YoY)	30.24%	11.22%	10.43%	25.34%	-
Cost of Revenue	2,967	2,191	1,947	1,824	1,539
Gross Profit	559.44	515.94	487.41	380.58	219.65
Selling, General & Admin	548.53	1,265	515.25	507.73	448.26
Other Operating Expenses	-3.31	-5.54	-4.53	-0.47	-5.37
Operating Expenses	546.92	1,260	510.86	507.43	443.2
Operating Income	12.52	-744.09	-23.45	-126.85	-223.55
Interest Expense	-1.4	-2.24	-1.64	-1.17	-0.82
Currency Exchange Gain (Loss)	-0.73	-12.88	-28.44	-134.66	27.64
Other Non Operating Income (Expenses)	-	-74.92	-143.18	-120.61	-107.22
EBT Excluding Unusual Items	10.4	-834.13	-196.71	-383.29	-303.95
Gain (Loss) on Sale of Investments	1.63	-20.73	-	-	-
Pretax Income	12.03	-854.85	-196.71	-383.29	-303.95
Income Tax Expense	0.19	0.03	0.08	0.01	0.04
Earnings From Continuing Operations	11.83	-854.89	-196.79	-383.3	-303.99
Minority Interest in Earnings	-	-	-	-	0.03
Net Income	11.83	-854.89	-196.79	-383.3	-303.96
Net Income to Common	11.83	-854.89	-196.79	-383.3	-303.96
Shares Outstanding (Basic)	1,333	976	558	-	-
Shares Outstanding (Diluted)	1,346	976	558	-	-
Shares Change (YoY)	37.88%	75.00%	-	-	-
EPS (Basic)	0.01	-0.88	-0.35	-	-
EPS (Diluted)	0.01	-0.88	-0.35	-	-
Free Cash Flow	-	15.63	16.63	-55.25	-209.17
Free Cash Flow Per Share	-	0.02	0.03	-	-
Gross Margin	15.87%	19.06%	20.02%	17.27%	12.49%
Operating Margin	0.36%	-27.48%	-0.96%	-5.75%	-12.71%
Profit Margin	0.34%	-31.58%	-8.08%	-17.39%	-17.28%
Free Cash Flow Margin	-	0.58%	0.68%	-2.51%	-11.89%
EBITDA	17.04	-739.57	-19.23	-123	-220.66
EBITDA Margin	0.48%	-27.32%	-0.79%	-5.58%	-12.55%
D&A For EBITDA	4.52	4.52	4.22	3.85	2.89
EBIT	12.52	-744.09	-23.45	-126.85	-223.55
EBIT Margin	0.36%	-27.48%	-0.96%	-5.75%	-12.71%
Effective Tax Rate	1.61%	-	-	-	-

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