Hunan Zhenghong Science and Technology Develop Co.,Ltd. (SHE:000702)

SHE:000702 Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Operating Revenue	1,019	1,115	1,222	1,151	1,420
Other Revenue	-	5.68	19.23	9.59	11.11
Revenue	1,019	1,121	1,241	1,161	1,432
Revenue Growth (YoY)	-9.13%	-9.69%	6.90%	-18.89%	34.01%
Cost of Revenue	946.31	1,064	1,220	1,177	1,594
Gross Profit	72.25	56.51	21.21	-16.19	-162.75
Selling, General & Admin	68.92	72.81	93.43	99.1	111.06
Research & Development	7.74	7.03	8.67	6.73	3.13
Other Operating Expenses	1.04	3.64	4.14	4.05	5.46
Operating Expenses	77.7	90.81	109.49	109.47	118.27
Operating Income	-5.45	-34.31	-88.29	-125.66	-281.02
Interest Expense	-	-10.28	-18.57	-19.39	-19.13
Interest & Investment Income	0.39	13.09	1.9	0.5	6.11
Currency Exchange Gain (Loss)	-	-	-	0	-
Other Non Operating Income (Expenses)	-2.31	-0.51	-0.74	-1.12	-2.86
EBT Excluding Unusual Items	-7.37	-32.01	-105.69	-145.67	-296.9
Gain (Loss) on Sale of Investments	-0.6	0.94	-1.26	-2.62	0.82
Gain (Loss) on Sale of Assets	-0.13	1.16	-6.24	5.5	-22.29
Asset Writedown	-6.28	-3.26	-3.3	-6.13	-5.89
Other Unusual Items	-	1.61	-7.85	-7.08	-5.55
Pretax Income	-14.38	-31.56	-124.34	-155.25	-329.74
Income Tax Expense	0.54	-0.02	0.21	0.46	2.87
Earnings From Continuing Operations	-14.92	-31.54	-124.55	-155.7	-332.61
Minority Interest in Earnings	0.62	-33.71	-15.3	39.72	108.32
Net Income	-14.3	-65.25	-139.85	-115.99	-224.29
Net Income to Common	-14.3	-65.25	-139.85	-115.99	-224.29
Shares Outstanding (Basic)	347	347	300	267	267
Shares Outstanding (Diluted)	347	347	300	267	267
Shares Change (YoY)	0.10%	15.58%	12.51%	0.00%	0.01%
EPS (Basic)	-0.04	-0.19	-0.47	-0.43	-0.84
EPS (Diluted)	-0.04	-0.19	-0.47	-0.43	-0.84
Free Cash Flow	-46.82	-4.05	29.01	-121.85	-244.79
Free Cash Flow Per Share	-0.14	-0.01	0.10	-0.46	-0.92
Gross Margin	7.09%	5.04%	1.71%	-1.39%	-11.37%
Operating Margin	-0.53%	-3.06%	-7.11%	-10.82%	-19.63%
Profit Margin	-1.40%	-5.82%	-11.27%	-9.99%	-15.67%
Free Cash Flow Margin	-4.60%	-0.36%	2.34%	-10.49%	-17.10%
EBITDA	20.26	-4.93	-52.2	-77.68	-219.65
EBITDA Margin	1.99%	-0.44%	-4.21%	-6.69%	-15.34%
D&A For EBITDA	25.71	29.38	36.08	47.98	61.37
EBIT	-5.45	-34.31	-88.29	-125.66	-281.02
EBIT Margin	-0.53%	-3.06%	-7.11%	-10.82%	-19.63%
Revenue as Reported	-	1,121	1,241	1,161	1,432
Advertising Expenses	-	0.82	0.93	3.35	2.3

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