Fengxing Co., Ltd. (SHE:002760)

Fengxing Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	586.35	574.08	680.6	800.59	933.91	695.32
Other Revenue	14	14	10.2	15.52	11.13	9.1
Revenue	600.35	588.08	690.8	816.12	945.04	704.42
Revenue Growth (YoY)	-9.82%	-14.87%	-15.35%	-13.64%	34.16%	15.37%
Cost of Revenue	519.72	507.16	562.67	648.82	729.55	525.63
Gross Profit	80.63	80.92	128.13	167.3	215.49	178.79
Selling, General & Admin	95.58	91.94	99.84	84.71	77.59	66.38
Research & Development	22.72	25	32.98	32.44	37.43	31.97
Other Operating Expenses	10.45	3.46	5.65	7.22	7.69	8.01
Operating Expenses	129.12	121.83	143.66	128.13	119.59	102.63
Operating Income	-48.48	-40.91	-15.53	39.17	95.9	76.16
Interest Expense	-4.83	-6.05	-9.77	-10.58	-8.63	-6.39
Interest & Investment Income	11.5	11.67	4.04	3.99	3.92	3.36
Currency Exchange Gain (Loss)	0.3	0.3	0.37	0.37	-0.36	-0.01
Other Non Operating Income (Expenses)	0.18	-0.21	7.75	-0.35	-1.12	-0.39
EBT Excluding Unusual Items	-41.34	-35.2	-13.13	32.62	89.72	72.73
Impairment of Goodwill	-50.8	-50.8	-70.43	-	-	-
Gain (Loss) on Sale of Investments	0.1	-	0.82	-	-	-
Gain (Loss) on Sale of Assets	0.07	0.05	0.01	0.24	0.18	0.11
Asset Writedown	1.55	-0.03	-	-1.59	-0.34	-3.56
Other Unusual Items	34.64	27.71	19.59	35.53	24.54	25.02
Pretax Income	-55.79	-58.27	-63.14	66.8	114.1	94.3
Income Tax Expense	4.97	2.56	-3.5	4.34	11.43	7.84
Earnings From Continuing Operations	-60.76	-60.83	-59.64	62.46	102.68	86.46
Minority Interest in Earnings	-	-	-	-	-7.2	-25.49
Net Income	-60.76	-60.83	-59.64	62.46	95.47	60.96
Net Income to Common	-60.76	-60.83	-59.64	62.46	95.47	60.96
Net Income Growth	-	-	-	-34.58%	56.61%	-7.84%
Shares Outstanding (Basic)	107	107	108	108	93	88
Shares Outstanding (Diluted)	107	107	108	108	93	88
Shares Change (YoY)	0.12%	-1.58%	0.69%	16.18%	4.91%	0.17%
EPS (Basic)	-0.57	-0.57	-0.55	0.58	1.03	0.69
EPS (Diluted)	-0.57	-0.57	-0.55	0.58	1.03	0.69
EPS Growth	-	-	-	-43.69%	49.28%	-8.00%
Free Cash Flow	43.31	23.29	-18.09	59.45	114.21	69.57
Free Cash Flow Per Share	0.40	0.22	-0.17	0.55	1.23	0.79
Dividend Per Share	-	-	0.100	0.200	-	0.120
Dividend Growth	-	-	-50.00%	-	-	-
Gross Margin	13.43%	13.76%	18.55%	20.50%	22.80%	25.38%
Operating Margin	-8.08%	-6.96%	-2.25%	4.80%	10.15%	10.81%
Profit Margin	-10.12%	-10.34%	-8.63%	7.65%	10.10%	8.65%
Free Cash Flow Margin	7.22%	3.96%	-2.62%	7.29%	12.08%	9.88%
EBITDA	-3.93	3.49	28.25	80.59	133.95	112.55
EBITDA Margin	-0.65%	0.59%	4.09%	9.88%	14.17%	15.98%
D&A For EBITDA	44.55	44.4	43.78	41.42	38.05	36.39
EBIT	-48.48	-40.91	-15.53	39.17	95.9	76.16
EBIT Margin	-8.08%	-6.96%	-2.25%	4.80%	10.15%	10.81%
Effective Tax Rate	-	-	-	6.49%	10.02%	8.32%
Revenue as Reported	600.35	588.08	690.8	816.12	945.04	704.42

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