Shunfa Hengneng 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	442.07	497.32	2,167	221.6	163.12
Other Revenue	50.87	73.95	69.61	85.6	108.86
Revenue	492.94	571.27	2,237	307.2	271.98
Revenue Growth (YoY)	-13.71%	-74.46%	628.07%	12.95%	-58.14%
Cost of Revenue	363.22	392.03	1,823	144.99	150.29
Gross Profit	129.72	179.24	414.04	162.21	121.69
Selling, General & Admin	72.34	74.62	50.04	55.19	59.01
Other Operating Expenses	11.36	19.03	18.22	13.74	7.87
Operating Expenses	83.88	95.16	68.71	68.91	66.58
Operating Income	45.84	84.07	345.33	93.29	55.1
Interest Expense	-16.25	-17.9	-1.89	-8.37	-13.81
Interest & Investment Income	94.57	94.77	90.7	109.63	79.86
Other Non Operating Income (Expenses)	8.04	14.65	-4.58	31.42	13.95
EBT Excluding Unusual Items	132.2	175.59	429.57	225.98	135.11
Gain (Loss) on Sale of Assets	-19.29	0.81	0	-1.6	0
Asset Writedown	-8.36	-0.25	-	-0.01	-0.01
Legal Settlements	-	-	-1.64	-1.41	-0.1
Other Unusual Items	5.17	0.22	21.5	3.15	0.7
Pretax Income	109.72	176.37	449.43	226.11	135.7
Income Tax Expense	27.37	41.47	112.11	55.37	34.11
Earnings From Continuing Operations	82.35	134.9	337.32	170.74	101.59
Minority Interest in Earnings	-23.37	-27.86	-5.99	-8.8	-6.04
Net Income	58.98	107.04	331.33	161.94	95.55
Net Income to Common	58.98	107.04	331.33	161.94	95.55
Net Income Growth	-44.90%	-67.69%	104.60%	69.48%	-64.08%
Shares Outstanding (Basic)	2,206	2,676	2,209	2,313	2,389
Shares Outstanding (Diluted)	2,209	2,676	2,209	2,313	2,389
Shares Change (YoY)	-17.45%	21.15%	-4.52%	-3.16%	-1.21%
EPS (Basic)	0.03	0.04	0.15	0.07	0.04
EPS (Diluted)	0.03	0.04	0.15	0.07	0.04
EPS Growth	-33.16%	-73.33%	114.29%	75.00%	-63.64%
Free Cash Flow	-141.82	137.21	51.53	435.09	1,494
Free Cash Flow Per Share	-0.06	0.05	0.02	0.19	0.63
Dividend Per Share	0.015	-	0.100	0.275	-
Dividend Growth	-	-	-63.64%	-	-
Gross Margin	26.32%	31.37%	18.51%	52.80%	44.74%
Operating Margin	9.30%	14.72%	15.44%	30.37%	20.26%
Profit Margin	11.96%	18.74%	14.81%	52.72%	35.13%
Free Cash Flow Margin	-28.77%	24.02%	2.30%	141.63%	549.31%
EBITDA	150.06	173.74	386.94	134.66	97
EBITDA Margin	30.44%	30.41%	17.30%	43.83%	35.66%
D&A For EBITDA	104.22	89.67	41.61	41.36	41.89
EBIT	45.84	84.07	345.33	93.29	55.1
EBIT Margin	9.30%	14.72%	15.44%	30.37%	20.26%
Effective Tax Rate	24.95%	23.51%	24.95%	24.49%	25.14%
Revenue as Reported	492.94	571.27	2,237	307.2	271.98

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