Huarong Chemical 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	1,687	1,197	1,051	1,132	641.21
Other Revenue	-	9.84	8.07	2.96	3.17
Revenue	1,687	1,206	1,059	1,135	644.38
Revenue Growth (YoY)	39.80%	13.89%	-6.67%	76.14%	-31.89%
Cost of Revenue	1,531	1,022	874.55	950.02	484.66
Gross Profit	155.33	184.35	184.77	184.99	159.73
Selling, General & Admin	51.82	69.25	69.14	57.39	42.86
Research & Development	33.9	46.37	51.71	8.68	10.1
Other Operating Expenses	5.65	8.06	8.84	9.01	5.09
Operating Expenses	91.37	124.12	131.29	75.87	58.87
Operating Income	63.95	60.23	53.49	109.12	100.86
Interest Expense	-	-9.45	-11.44	-4.82	-1.21
Interest & Investment Income	30.07	49.8	104.06	29.28	6.02
Currency Exchange Gain (Loss)	-	0.35	10.87	3.39	-0.16
Other Non Operating Income (Expenses)	-2.88	-0.63	-0.56	-0.29	-0.09
EBT Excluding Unusual Items	91.15	100.31	156.42	136.68	105.43
Gain (Loss) on Sale of Investments	0.11	0.05	0.79	0.08	-
Gain (Loss) on Sale of Assets	0.87	2.07	-0.83	-	7.72
Asset Writedown	-7.2	-	-	-0.03	-
Other Unusual Items	-	12.45	3.4	5.56	5.46
Pretax Income	84.92	114.87	159.79	142.29	118.6
Income Tax Expense	13.13	14.37	21.11	20.14	16.72
Net Income	71.79	100.5	138.67	122.15	101.88
Net Income to Common	71.79	100.5	138.67	122.15	101.88
Net Income Growth	-28.57%	-27.53%	13.53%	19.90%	-1.37%
Shares Outstanding (Basic)	479	479	478	452	364
Shares Outstanding (Diluted)	479	479	478	452	364
Shares Change (YoY)	0.01%	0.08%	5.70%	24.34%	2.15%
EPS (Basic)	0.15	0.21	0.29	0.27	0.28
EPS (Diluted)	0.15	0.21	0.29	0.27	0.28
EPS Growth	-28.57%	-27.59%	7.41%	-3.57%	-3.45%
Free Cash Flow	-8.26	-55.78	-10.33	80.53	-38.14
Free Cash Flow Per Share	-0.02	-0.12	-0.02	0.18	-0.10
Dividend Per Share	-	0.170	0.200	0.080	0.050
Dividend Growth	-	-15.00%	150.00%	60.00%	-
Gross Margin	9.21%	15.28%	17.44%	16.30%	24.79%
Operating Margin	3.79%	4.99%	5.05%	9.61%	15.65%
Profit Margin	4.26%	8.33%	13.09%	10.76%	15.81%
Free Cash Flow Margin	-0.49%	-4.62%	-0.97%	7.09%	-5.92%
EBITDA	98.59	90.07	79.25	127.71	113.14
EBITDA Margin	5.85%	7.47%	7.48%	11.25%	17.56%
D&A For EBITDA	34.64	29.85	25.77	18.59	12.28
EBIT	63.95	60.23	53.49	109.12	100.86
EBIT Margin	3.79%	4.99%	5.05%	9.61%	15.65%
Effective Tax Rate	15.46%	12.51%	13.21%	14.15%	14.10%
Revenue as Reported	-	1,206	1,059	1,135	-
Advertising Expenses	-	0.04	0.77	0	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.