Fengxing 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	633.14	574.08	680.6	800.59	933.91
Other Revenue	-	14	10.2	15.52	11.13
Revenue	633.14	588.08	690.8	816.12	945.04
Revenue Growth (YoY)	7.66%	-14.87%	-15.35%	-13.64%	34.16%
Cost of Revenue	518.31	507.16	562.67	648.82	729.55
Gross Profit	114.83	80.92	128.13	167.3	215.49
Selling, General & Admin	99.21	91.94	99.84	84.71	77.59
Research & Development	23.72	25	32.98	32.44	37.43
Other Operating Expenses	-21.53	3.46	5.65	7.22	7.69
Operating Expenses	101.4	121.83	143.66	128.13	119.59
Operating Income	13.43	-40.91	-15.53	39.17	95.9
Interest Expense	-	-6.05	-9.77	-10.58	-8.63
Interest & Investment Income	7.05	11.67	4.04	3.99	3.92
Currency Exchange Gain (Loss)	-	0.3	0.37	0.37	-0.36
Other Non Operating Income (Expenses)	0.97	-0.21	7.75	-0.35	-1.12
EBT Excluding Unusual Items	21.46	-35.2	-13.13	32.62	89.72
Impairment of Goodwill	-	-50.8	-70.43	-	-
Gain (Loss) on Sale of Investments	0.12	-	0.82	-	-
Gain (Loss) on Sale of Assets	-0.1	0.05	0.01	0.24	0.18
Asset Writedown	0.52	-0.03	-	-1.59	-0.34
Other Unusual Items	-	27.71	19.59	35.53	24.54
Pretax Income	21.99	-58.27	-63.14	66.8	114.1
Income Tax Expense	1.81	2.56	-3.5	4.34	11.43
Earnings From Continuing Operations	20.17	-60.83	-59.64	62.46	102.68
Minority Interest in Earnings	-	-	-	-	-7.2
Net Income	20.17	-60.83	-59.64	62.46	95.47
Net Income to Common	20.17	-60.83	-59.64	62.46	95.47
Net Income Growth	-	-	-	-34.58%	56.61%
Shares Outstanding (Basic)	106	107	108	108	93
Shares Outstanding (Diluted)	106	107	108	108	93
Shares Change (YoY)	-0.52%	-1.58%	0.69%	16.18%	4.91%
EPS (Basic)	0.19	-0.57	-0.55	0.58	1.03
EPS (Diluted)	0.19	-0.57	-0.55	0.58	1.03
EPS Growth	-	-	-	-43.69%	49.28%
Free Cash Flow	67.09	23.29	-18.09	59.45	114.21
Free Cash Flow Per Share	0.63	0.22	-0.17	0.55	1.23
Dividend Per Share	-	-	0.100	0.200	-
Dividend Growth	-	-	-50.00%	-	-
Gross Margin	18.14%	13.76%	18.55%	20.50%	22.80%
Operating Margin	2.12%	-6.96%	-2.25%	4.80%	10.15%
Profit Margin	3.19%	-10.34%	-8.63%	7.65%	10.10%
Free Cash Flow Margin	10.60%	3.96%	-2.62%	7.29%	12.08%
EBITDA	53.3	3.49	28.25	80.59	133.95
EBITDA Margin	8.42%	0.59%	4.09%	9.88%	14.17%
D&A For EBITDA	39.86	44.4	43.78	41.42	38.05
EBIT	13.43	-40.91	-15.53	39.17	95.9
EBIT Margin	2.12%	-6.96%	-2.25%	4.80%	10.15%
Effective Tax Rate	8.25%	-	-	6.49%	10.02%
Revenue as Reported	-	588.08	690.8	816.12	945.04

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