Farasis Energy (Gan Zhou) 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
Operating Revenue	9,084	11,339	15,429	10,665	2,457
Other Revenue	-	341.2	1,007	923.2	1,044
Revenue	9,084	11,680	16,436	11,588	3,500
Revenue Growth (YoY)	-22.23%	-28.93%	41.84%	231.08%	212.60%
Cost of Revenue	9,747	10,529	16,366	11,028	3,798
Gross Profit	-663.17	1,151	70.8	559.9	-298.32
Selling, General & Admin	-	808.27	838.39	1,080	527.72
Research & Development	-	530.37	705.51	568.95	527.83
Other Operating Expenses	-	32.87	36.79	32.12	13.94
Operating Expenses	-	1,393	1,626	1,699	1,170
Operating Income	-663.17	-241.74	-1,555	-1,139	-1,468
Interest Expense	-	-331.69	-308.69	-191.07	-70.42
Interest & Investment Income	-	152.03	129.86	74.84	80.62
Currency Exchange Gain (Loss)	-	-20.68	80.18	32.21	-15.2
Other Non Operating Income (Expenses)	-56.66	-40.51	-8.35	-4.5	-10.65
EBT Excluding Unusual Items	-719.83	-482.6	-1,662	-1,228	-1,484
Gain (Loss) on Sale of Investments	-	-82.2	-467.21	-62.08	304.04
Gain (Loss) on Sale of Assets	-	3.12	-20.39	-0.18	-7.98
Asset Writedown	-	-53.83	-37.36	-	-
Other Unusual Items	-	167.36	52.86	140.87	69.69
Pretax Income	-719.83	-448.15	-2,134	-1,149	-1,118
Income Tax Expense	47.53	-116.09	-266.42	-222.11	-165.16
Earnings From Continuing Operations	-767.36	-332.06	-1,868	-926.99	-952.75
Minority Interest in Earnings	-	-	-	-	0.03
Net Income	-767.36	-332.06	-1,868	-926.99	-952.72
Net Income to Common	-767.36	-332.06	-1,868	-926.99	-952.72
Shares Outstanding (Basic)	1,218	1,230	1,221	1,078	1,070
Shares Outstanding (Diluted)	1,218	1,230	1,221	1,078	1,070
Shares Change (YoY)	-0.96%	0.74%	13.25%	0.69%	13.19%
EPS (Basic)	-0.63	-0.27	-1.53	-0.86	-0.89
EPS (Diluted)	-0.63	-0.27	-1.53	-0.86	-0.89
Free Cash Flow	-	-648.85	-409.32	-3,614	-2,098
Free Cash Flow Per Share	-	-0.53	-0.34	-3.35	-1.96
Gross Margin	-7.30%	9.86%	0.43%	4.83%	-8.52%
Operating Margin	-7.30%	-2.07%	-9.46%	-9.83%	-41.94%
Profit Margin	-8.45%	-2.84%	-11.36%	-8.00%	-27.22%
Free Cash Flow Margin	-	-5.56%	-2.49%	-31.19%	-59.94%
EBITDA	142.15	563.57	-761.65	-492.08	-1,105
EBITDA Margin	1.57%	4.83%	-4.63%	-4.25%	-31.58%
D&A For EBITDA	805.32	805.32	793.43	647.12	362.69
EBIT	-663.17	-241.74	-1,555	-1,139	-1,468
EBIT Margin	-7.30%	-2.07%	-9.46%	-9.83%	-41.94%
Revenue as Reported	-	11,680	16,436	11,588	3,500
Advertising Expenses	-	9.04	4.75	4.86	1.51

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.