Far East Smarter Energy Co., Ltd. (SHA:600869)

Far East Smarter Energy Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	28,005	26,017	24,410	21,623	20,786	19,702
Other Revenue	76.63	76.63	54.31	56.63	85.67	101.78
Revenue	28,081	26,094	24,465	21,680	20,871	19,804
Revenue Growth (YoY)	11.01%	6.66%	12.85%	3.87%	5.39%	15.44%
Cost of Revenue	25,907	23,880	21,762	19,016	18,086	17,642
Gross Profit	2,174	2,214	2,703	2,664	2,786	2,162
Selling, General & Admin	1,467	1,419	1,294	1,243	1,431	1,500
Research & Development	566.28	699.65	713.31	665	530.4	345.57
Other Operating Expenses	0.42	-36.32	-30.83	-52.69	-49.76	-41.89
Operating Expenses	1,974	2,165	2,056	1,922	1,913	2,245
Operating Income	199.55	48.48	647	741.68	872.57	-83.16
Interest Expense	-379.58	-390.69	-365.1	-312.01	-316.2	-323.73
Interest & Investment Income	31	37.37	94.25	179.67	197.56	33.71
Currency Exchange Gain (Loss)	-0.02	-0.02	3.77	5.49	-0.45	2.25
Other Non Operating Income (Expenses)	-46.57	-53.99	-42.31	4.15	-66.14	-31.24
EBT Excluding Unusual Items	-195.63	-358.85	337.6	618.98	687.33	-402.16
Impairment of Goodwill	-	-	-	-	-45.36	-868.26
Gain (Loss) on Sale of Investments	-41.78	-91.08	0.23	-44.65	-0.25	-27.49
Gain (Loss) on Sale of Assets	1.48	-5.15	8.91	2.42	11.38	14.92
Asset Writedown	87.43	-11.6	-1.73	-0.37	-	-250.02
Legal Settlements	-	-	-	-1.26	-1.71	-6.71
Other Unusual Items	98.39	91.97	57.04	76.82	51.98	81.59
Pretax Income	-50.11	-374.71	402.05	651.96	703.37	-1,458
Income Tax Expense	-28.93	-45.87	101.94	72.7	143.04	227.59
Earnings From Continuing Operations	-21.19	-328.84	300.12	579.25	560.33	-1,686
Minority Interest in Earnings	-29.89	10.8	19.55	-27.25	-29.43	-5.65
Net Income	-51.08	-318.04	319.67	552	530.9	-1,691
Net Income to Common	-51.08	-318.04	319.67	552	530.9	-1,691
Net Income Growth	-	-	-42.09%	3.98%	-	-
Shares Outstanding (Basic)	2,212	2,219	2,220	2,220	2,219	2,219
Shares Outstanding (Diluted)	2,212	2,219	2,220	2,220	2,219	2,219
Shares Change (YoY)	-0.40%	-0.02%	0.02%	0.00%	0.01%	-0.15%
EPS (Basic)	-0.02	-0.14	0.14	0.25	0.24	-0.76
EPS (Diluted)	-0.02	-0.14	0.14	0.25	0.24	-0.76
EPS Growth	-	-	-42.10%	3.97%	-	-
Free Cash Flow	608.97	-485.42	-664.29	-293.96	813.57	1,116
Free Cash Flow Per Share	0.28	-0.22	-0.30	-0.13	0.37	0.50
Dividend Per Share	-	-	0.070	-	-	-
Gross Margin	7.74%	8.48%	11.05%	12.29%	13.35%	10.92%
Operating Margin	0.71%	0.19%	2.65%	3.42%	4.18%	-0.42%
Profit Margin	-0.18%	-1.22%	1.31%	2.55%	2.54%	-8.54%
Free Cash Flow Margin	2.17%	-1.86%	-2.71%	-1.36%	3.90%	5.63%
EBITDA	592.83	428.08	1,008	1,082	1,262	359.31
EBITDA Margin	2.11%	1.64%	4.12%	4.99%	6.05%	1.81%
D&A For EBITDA	393.28	379.59	361.34	340.6	389.39	442.47
EBIT	199.55	48.48	647	741.68	872.57	-83.16
EBIT Margin	0.71%	0.19%	2.65%	3.42%	4.18%	-0.42%
Effective Tax Rate	-	-	25.35%	11.15%	20.34%	-
Revenue as Reported	28,081	26,094	24,465	21,680	-	19,804
Advertising Expenses	-	21.96	18.93	14.79	18.21	27.65

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