Dowway 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	94.52	140.16	117.45	177.13	170.02
Revenue Growth (YoY)	-32.56%	19.34%	-33.70%	4.18%	17.93%
Cost of Revenue	77.26	123.74	111.58	171.75	155.71
Gross Profit	17.26	16.43	5.86	5.38	14.31
Selling, General & Admin	33.13	25.5	21.57	19.57	18.59
Other Operating Expenses	-5.07	-0.5	-0.19	-0.74	-0.33
Operating Expenses	33.25	27.14	23.19	41.21	21.33
Operating Income	-15.99	-10.71	-17.33	-35.83	-7.02
Interest Expense	-1.47	-1.21	-0.55	-0.67	-0.74
Interest & Investment Income	-	0.03	0.01	0.02	0.02
Currency Exchange Gain (Loss)	-	-0.18	0.21	-0.43	0.21
Other Non Operating Income (Expenses)	-	-	-0.05	-0.05	-0.07
EBT Excluding Unusual Items	-17.46	-12.07	-17.69	-36.96	-7.61
Asset Writedown	-	-0.45	-0.02	-	-
Other Unusual Items	-	5.94	-0.2	-	-
Pretax Income	-17.46	-6.58	-17.91	-36.96	-7.61
Income Tax Expense	-0.11	-0.26	-0.99	-0.5	0.04
Earnings From Continuing Operations	-17.35	-6.32	-16.92	-36.45	-7.65
Minority Interest in Earnings	0.36	0.58	-	-	-
Net Income	-16.99	-5.75	-16.92	-36.45	-7.65
Net Income to Common	-16.99	-5.75	-16.92	-36.45	-7.65
Shares Outstanding (Basic)	142	123	120	115	100
Shares Outstanding (Diluted)	142	123	120	115	100
Shares Change (YoY)	16.20%	2.15%	4.74%	14.57%	-
EPS (Basic)	-0.12	-0.05	-0.14	-0.32	-0.08
EPS (Diluted)	-0.12	-0.05	-0.14	-0.32	-0.08
Free Cash Flow	-4.68	-20.88	2.1	-8.4	-5.52
Free Cash Flow Per Share	-0.03	-0.17	0.02	-0.07	-0.06
Gross Margin	18.27%	11.72%	4.99%	3.04%	8.42%
Operating Margin	-16.91%	-7.64%	-14.75%	-20.23%	-4.13%
Profit Margin	-17.98%	-4.10%	-14.41%	-20.58%	-4.50%
Free Cash Flow Margin	-4.95%	-14.89%	1.79%	-4.74%	-3.25%
EBITDA	-15.93	-10.65	-17.24	-34.74	-5.83
EBITDA Margin	-16.85%	-7.60%	-14.68%	-19.61%	-3.43%
D&A For EBITDA	0.06	0.06	0.08	1.09	1.19
EBIT	-15.99	-10.71	-17.33	-35.83	-7.02
EBIT Margin	-16.91%	-7.64%	-14.75%	-20.23%	-4.13%

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