Shunfa Hengneng Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	407.78	442.07	497.32	2,167	221.6	163.12
Other Revenue	50.87	50.87	73.95	69.61	85.6	108.86
Revenue	458.65	492.94	571.27	2,237	307.2	271.98
Revenue Growth (YoY)	-25.46%	-13.71%	-74.46%	628.07%	12.95%	-58.14%
Cost of Revenue	332.2	363.22	392.03	1,823	144.99	150.29
Gross Profit	126.44	129.72	179.24	414.04	162.21	121.69
Selling, General & Admin	67.62	72.34	74.62	50.04	55.19	59.01
Other Operating Expenses	10.61	11.36	19.03	18.22	13.74	7.87
Operating Expenses	83.7	83.88	95.16	68.71	68.91	66.58
Operating Income	42.74	45.84	84.07	345.33	93.29	55.1
Interest Expense	-17.63	-16.25	-17.9	-1.89	-8.37	-13.81
Interest & Investment Income	84.68	94.57	94.77	90.7	109.63	79.86
Other Non Operating Income (Expenses)	5.94	8.04	14.65	-4.58	31.42	13.95
EBT Excluding Unusual Items	115.73	132.2	175.59	429.57	225.98	135.11
Gain (Loss) on Sale of Assets	-20.7	-19.29	0.81	0	-1.6	0
Asset Writedown	-8.36	-8.36	-0.25	-	-0.01	-0.01
Legal Settlements	-	-	-	-1.64	-1.41	-0.1
Other Unusual Items	5.17	5.17	0.22	21.5	3.15	0.7
Pretax Income	91.85	109.72	176.37	449.43	226.11	135.7
Income Tax Expense	21.45	27.37	41.47	112.11	55.37	34.11
Earnings From Continuing Operations	70.39	82.35	134.9	337.32	170.74	101.59
Minority Interest in Earnings	-24.08	-23.37	-27.86	-5.99	-8.8	-6.04
Net Income	46.31	58.98	107.04	331.33	161.94	95.55
Net Income to Common	46.31	58.98	107.04	331.33	161.94	95.55
Net Income Growth	-58.82%	-44.90%	-67.69%	104.60%	69.48%	-64.08%
Shares Outstanding (Basic)	2,302	2,206	2,676	2,209	2,313	2,389
Shares Outstanding (Diluted)	2,305	2,209	2,676	2,209	2,313	2,389
Shares Change (YoY)	-18.01%	-17.45%	21.15%	-4.52%	-3.16%	-1.21%
EPS (Basic)	0.02	0.03	0.04	0.15	0.07	0.04
EPS (Diluted)	0.02	0.03	0.04	0.15	0.07	0.04
EPS Growth	-49.70%	-33.16%	-73.33%	114.29%	75.00%	-63.64%
Free Cash Flow	-216.32	-141.82	137.21	51.53	435.09	1,494
Free Cash Flow Per Share	-0.09	-0.06	0.05	0.02	0.19	0.63
Dividend Per Share	0.015	0.015	-	0.100	0.275	-
Dividend Growth	-	-	-	-63.64%	-	-
Gross Margin	27.57%	26.32%	31.37%	18.51%	52.80%	44.74%
Operating Margin	9.32%	9.30%	14.72%	15.44%	30.37%	20.26%
Profit Margin	10.10%	11.96%	18.74%	14.81%	52.72%	35.13%
Free Cash Flow Margin	-47.16%	-28.77%	24.02%	2.30%	141.63%	549.31%
EBITDA	150.6	150.06	173.74	386.94	134.66	97
EBITDA Margin	32.84%	30.44%	30.41%	17.30%	43.83%	35.66%
D&A For EBITDA	107.86	104.22	89.67	41.61	41.36	41.89
EBIT	42.74	45.84	84.07	345.33	93.29	55.1
EBIT Margin	9.32%	9.30%	14.72%	15.44%	30.37%	20.26%
Effective Tax Rate	23.36%	24.95%	23.51%	24.95%	24.49%	25.14%
Revenue as Reported	458.65	492.94	571.27	2,237	307.2	271.98

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