Qingdao Huicheng Environmental Technology Group Co., Ltd. (SHE:300779)

SHE:300779 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,151	1,138	1,064	357.87	284.86	318.71
Other Revenue	11.05	11.05	7.14	5.36	-	5.15
Revenue	1,162	1,149	1,071	363.23	284.86	323.86
Revenue Growth (YoY)	1.07%	7.33%	194.76%	27.51%	-12.04%	-5.80%
Cost of Revenue	860.21	865.01	725.98	285.13	204.52	232.12
Gross Profit	301.63	284.17	344.68	78.1	80.34	91.74
Selling, General & Admin	173.47	157.07	113.77	57.79	47.74	45.12
Research & Development	24.34	24.49	19.76	15.96	17.12	14.96
Other Operating Expenses	5.55	8.55	7.62	4.33	3.36	4.24
Operating Expenses	215.54	194.28	144.39	83.66	70	64.93
Operating Income	86.09	89.89	200.29	-5.56	10.34	26.81
Interest Expense	-70.72	-62.49	-47.57	-5.63	-3.62	-3.23
Interest & Investment Income	14.3	4.18	1.51	2.56	4.38	3.3
Currency Exchange Gain (Loss)	0.88	0.88	1.29	3.61	-0.33	-1.01
Other Non Operating Income (Expenses)	-6.81	-3.76	-3.9	-2.81	-1.39	-0.67
EBT Excluding Unusual Items	23.74	28.7	151.63	-7.82	9.37	25.2
Gain (Loss) on Sale of Investments	-0.8	-1.47	-3.42	1.38	-	-
Gain (Loss) on Sale of Assets	1	1.59	-0.07	0.04	-0.2	-0.25
Asset Writedown	-0.12	-0.12	-	-	-	-
Other Unusual Items	12.32	11.83	-3.21	8.38	5.05	7.11
Pretax Income	36.14	40.53	144.93	1.98	14.22	32.05
Income Tax Expense	12	-7.11	-8.59	-0.71	2.46	5.04
Earnings From Continuing Operations	24.13	47.64	153.52	2.69	11.75	27.02
Minority Interest in Earnings	2.65	-5.04	-15	-0.22	-	-
Net Income	26.79	42.6	138.51	2.47	11.75	27.02
Net Income to Common	26.79	42.6	138.51	2.47	11.75	27.02
Net Income Growth	-41.25%	-69.25%	5499.75%	-78.96%	-56.49%	-36.97%
Shares Outstanding (Basic)	123	133	173	173	137	140
Shares Outstanding (Diluted)	123	133	178	173	150	140
Shares Change (YoY)	-39.30%	-25.04%	2.66%	15.67%	6.78%	12.05%
EPS (Basic)	0.22	0.32	0.80	0.01	0.09	0.19
EPS (Diluted)	0.22	0.32	0.78	0.01	0.08	0.19
EPS Growth	-3.21%	-58.97%	5354.55%	-81.81%	-59.25%	-43.74%
Free Cash Flow	-1,205	-896.66	-278.77	-764.16	-454.51	-69.56
Free Cash Flow Per Share	-9.79	-6.74	-1.57	-4.42	-3.04	-0.50
Dividend Per Share	0.100	0.100	0.107	-	0.036	0.071
Dividend Growth	-6.63%	-6.63%	-	-	-50.00%	-66.68%
Gross Margin	25.96%	24.73%	32.19%	21.50%	28.20%	28.33%
Operating Margin	7.41%	7.82%	18.71%	-1.53%	3.63%	8.28%
Profit Margin	2.31%	3.71%	12.94%	0.68%	4.13%	8.34%
Free Cash Flow Margin	-103.68%	-78.03%	-26.04%	-210.38%	-159.55%	-21.48%
EBITDA	294.91	268.57	338.79	37.36	50.69	65.64
EBITDA Margin	25.38%	23.37%	31.64%	10.28%	17.79%	20.27%
D&A For EBITDA	208.82	178.68	138.49	42.92	40.35	38.83
EBIT	86.09	89.89	200.29	-5.56	10.34	26.81
EBIT Margin	7.41%	7.82%	18.71%	-1.53%	3.63%	8.28%
Effective Tax Rate	33.22%	-	-	-	17.33%	15.72%
Revenue as Reported	1,162	1,149	1,071	363.23	284.86	323.86
Advertising Expenses	-	0.15	0.26	-	-	0.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.