Flowing Cloud Technology 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	783.9	995.35	1,245	1,066	595.29
Revenue Growth (YoY)	-21.24%	-20.04%	16.75%	79.10%	75.81%
Cost of Revenue	631.59	795.31	824.01	692.16	419.77
Gross Profit	152.32	200.04	420.72	374	175.52
Selling, General & Admin	167.06	139.44	68.89	46.79	35.39
Research & Development	229.79	84.29	51.18	48.47	21.7
Operating Expenses	514.31	241.17	150.24	99.31	56.23
Operating Income	-361.99	-41.13	270.47	274.69	119.28
Interest Expense	-3.9	-6.41	-4.83	-3.26	-2.36
Interest & Investment Income	-	-	-	0.71	0.83
Currency Exchange Gain (Loss)	-	0.91	0.45	-4.53	-0.01
Other Non Operating Income (Expenses)	0.32	1.84	5.58	-20.47	-30.61
EBT Excluding Unusual Items	-365.57	-44.79	271.67	247.14	87.14
Gain (Loss) on Sale of Assets	-	-0.02	-	-	-
Other Unusual Items	-	-0.03	-	-	-
Pretax Income	-365.57	-44.85	271.67	247.14	87.14
Income Tax Expense	0.05	-1.14	7.74	10.55	15.42
Earnings From Continuing Operations	-365.62	-43.7	263.94	236.59	71.72
Minority Interest in Earnings	-1.46	0	0	0.15	-1.52
Net Income	-367.09	-43.7	263.94	236.75	70.2
Net Income to Common	-367.09	-43.7	263.94	236.75	70.2
Net Income Growth	-	-	11.49%	237.23%	19.22%
Shares Outstanding (Basic)	107	90	90	80	68
Shares Outstanding (Diluted)	107	90	90	80	68
Shares Change (YoY)	18.47%	-0.18%	13.52%	18.09%	12.24%
EPS (Basic)	-3.43	-0.48	2.92	2.97	1.04
EPS (Diluted)	-3.43	-0.48	2.92	2.96	1.04
EPS Growth	-	-	-1.46%	184.64%	6.11%
Free Cash Flow	-	-118.27	-61.7	-156.78	21.89
Free Cash Flow Per Share	-	-1.31	-0.68	-1.97	0.32
Gross Margin	19.43%	20.10%	33.80%	35.08%	29.48%
Operating Margin	-46.18%	-4.13%	21.73%	25.76%	20.04%
Profit Margin	-46.83%	-4.39%	21.20%	22.21%	11.79%
Free Cash Flow Margin	-	-11.88%	-4.96%	-14.70%	3.68%
EBITDA	-341.66	-20.79	292.76	291.65	130.67
EBITDA Margin	-43.58%	-2.09%	23.52%	27.36%	21.95%
D&A For EBITDA	20.34	20.34	22.29	16.96	11.39
EBIT	-361.99	-41.13	270.47	274.69	119.28
EBIT Margin	-46.18%	-4.13%	21.73%	25.76%	20.04%
Effective Tax Rate	-	-	2.85%	4.27%	17.70%

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