Kehua Holdings Co.,Ltd 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,249	2,354	2,604	2,252	1,874	1,619
Other Revenue	17.91	17.91	11.08	10.62	22.49	2.75
Revenue	2,267	2,372	2,615	2,262	1,897	1,622
Revenue Growth (YoY)	-8.56%	-9.28%	15.58%	19.27%	16.94%	-0.07%
Cost of Revenue	1,979	2,033	2,196	1,981	1,690	1,388
Gross Profit	287.99	339.41	418.38	281.74	207.13	234.11
Selling, General & Admin	132.56	126.42	113.39	119.04	102.53	82.27
Research & Development	73.45	80.6	99.13	75.87	66.56	59.96
Other Operating Expenses	15.57	22.79	25.85	19.75	16.47	10.71
Operating Expenses	224.1	229.14	238.58	220.7	186.19	152.7
Operating Income	63.89	110.26	179.8	61.04	20.94	81.41
Interest Expense	-28.29	-51.38	-77.43	-91.07	-69.94	-45.84
Interest & Investment Income	5.02	8.36	5.11	0.77	5.78	2.74
Currency Exchange Gain (Loss)	18.81	18.81	9.73	45.65	-50.58	-35.06
Other Non Operating Income (Expenses)	-1.14	-3.41	-5.02	-3.52	-4.98	-5.14
EBT Excluding Unusual Items	58.29	82.64	112.18	12.87	-98.77	-1.88
Gain (Loss) on Sale of Investments	17.17	4.28	-2.37	-30.1	11.38	-1.18
Gain (Loss) on Sale of Assets	-0.42	-1.33	-0.7	-2.92	0.02	-0.1
Asset Writedown	-2.39	-	-	-	-	-
Other Unusual Items	27.64	27.64	26.85	23.8	24.85	23.46
Pretax Income	101.31	114.25	136.25	3.65	-62.52	20.3
Income Tax Expense	11.55	10.72	13.55	-14.19	-15.76	-0.56
Earnings From Continuing Operations	89.76	103.53	122.71	17.84	-46.76	20.86
Minority Interest in Earnings	2.46	1.55	0.5	1.69	-	-
Net Income	92.22	105.08	123.2	19.53	-46.76	20.86
Net Income to Common	92.22	105.08	123.2	19.53	-46.76	20.86
Net Income Growth	-30.54%	-14.71%	530.95%	-	-	-74.69%
Shares Outstanding (Basic)	186	191	190	185	190	185
Shares Outstanding (Diluted)	186	191	190	185	190	185
Shares Change (YoY)	-4.07%	0.47%	2.84%	-2.51%	2.46%	-1.95%
EPS (Basic)	0.50	0.55	0.65	0.11	-0.25	0.11
EPS (Diluted)	0.50	0.55	0.65	0.11	-0.25	0.11
EPS Growth	-27.59%	-15.11%	513.54%	-	-	-74.19%
Free Cash Flow	547.64	560.41	522.6	92.25	111.58	-319.39
Free Cash Flow Per Share	2.95	2.93	2.75	0.50	0.59	-1.73
Dividend Per Share	0.167	0.167	0.201	-	-	0.089
Dividend Growth	-16.79%	-16.79%	-	-	-	-
Gross Margin	12.71%	14.31%	16.00%	12.45%	10.92%	14.43%
Operating Margin	2.82%	4.65%	6.88%	2.70%	1.10%	5.02%
Profit Margin	4.07%	4.43%	4.71%	0.86%	-2.46%	1.29%
Free Cash Flow Margin	24.16%	23.62%	19.99%	4.08%	5.88%	-19.69%
EBITDA	261.79	311.03	384.4	259.59	198.18	227.6
EBITDA Margin	11.55%	13.11%	14.70%	11.47%	10.45%	14.03%
D&A For EBITDA	197.9	200.77	204.6	198.55	177.24	146.19
EBIT	63.89	110.26	179.8	61.04	20.94	81.41
EBIT Margin	2.82%	4.65%	6.88%	2.70%	1.10%	5.02%
Effective Tax Rate	11.40%	9.38%	9.94%	-	-	-
Revenue as Reported	2,267	2,372	2,615	2,262	1,897	1,622

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.