Qingyan Environmental Technology Co., Ltd. (SHE:301288)

SHE:301288 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	73.36	73.14	141.42	109.32	214.15	182.04
Other Revenue	0.03	0.03	0.19	1.99	0.29	0.36
Revenue	73.39	73.17	141.61	111.3	214.43	182.4
Revenue Growth (YoY)	-32.73%	-48.33%	27.23%	-48.09%	17.56%	20.81%
Cost of Revenue	34.1	35.58	71.98	60.51	94.18	71.09
Gross Profit	39.29	37.6	69.63	50.79	120.25	111.32
Selling, General & Admin	36.92	38.77	37	32.02	26.94	25.44
Research & Development	11.03	12.35	14.18	12.63	11.66	9.44
Other Operating Expenses	0.09	-0.34	-2.14	-2.01	1.75	2.09
Operating Expenses	63.58	67.43	65.94	46.61	46.17	39.11
Operating Income	-24.29	-29.83	3.7	4.18	74.08	72.21
Interest Expense	-0.36	-0.46	-0.7	-0.75	-0.15	-0.35
Interest & Investment Income	958.92	958.37	1,031	599.23	4.64	1.91
Other Non Operating Income (Expenses)	-945.96	-945.96	-1,015	-586.74	0.71	1.13
EBT Excluding Unusual Items	-11.69	-17.88	18.55	15.92	79.29	74.91
Gain (Loss) on Sale of Investments	-0.02	1.81	3.15	-1.13	2.78	1.41
Gain (Loss) on Sale of Assets	0.29	0.15	0.75	0.08	-	0.75
Asset Writedown	-2	-1.6	-	-	-	-
Other Unusual Items	-1.73	-1.78	2.93	-	2.23	0.9
Pretax Income	-15.14	-19.3	25.38	14.86	84.29	77.96
Income Tax Expense	-0.82	-1.39	4.42	2.85	13.39	12.37
Earnings From Continuing Operations	-14.32	-17.91	20.96	12.01	70.9	65.59
Minority Interest in Earnings	-0.31	-0.31	0.01	0.18	0.12	-
Net Income	-14.63	-18.22	20.96	12.2	71.02	65.59
Net Income to Common	-14.63	-18.22	20.96	12.2	71.02	65.59
Net Income Growth	-	-	71.90%	-82.83%	8.27%	9.50%
Shares Outstanding (Basic)	107	107	110	102	81	80
Shares Outstanding (Diluted)	107	107	110	102	81	80
Shares Change (YoY)	-2.52%	-2.88%	8.57%	25.94%	0.88%	-
EPS (Basic)	-0.14	-0.17	0.19	0.12	0.88	0.82
EPS (Diluted)	-0.14	-0.17	0.19	0.12	0.88	0.82
EPS Growth	-	-	58.33%	-86.36%	7.32%	-
Free Cash Flow	-65.5	-47.19	-49.23	-33.44	-3.39	14.22
Free Cash Flow Per Share	-0.61	-0.44	-0.45	-0.33	-0.04	0.18
Dividend Per Share	-	-	0.100	-	0.132	-
Gross Margin	53.53%	51.38%	49.17%	45.63%	56.08%	61.03%
Operating Margin	-33.10%	-40.77%	2.61%	3.75%	34.55%	39.59%
Profit Margin	-19.94%	-24.90%	14.80%	10.96%	33.12%	35.96%
Free Cash Flow Margin	-89.25%	-64.50%	-34.77%	-30.04%	-1.58%	7.80%
EBITDA	-21.93	-27.15	7.64	8.43	78.74	77
EBITDA Margin	-29.88%	-37.11%	5.40%	7.57%	36.72%	42.21%
D&A For EBITDA	2.36	2.68	3.95	4.25	4.66	4.78
EBIT	-24.29	-29.83	3.7	4.18	74.08	72.21
EBIT Margin	-33.10%	-40.77%	2.61%	3.75%	34.55%	39.59%
Effective Tax Rate	-	-	17.42%	19.18%	15.89%	15.86%
Revenue as Reported	73.39	73.17	141.61	111.3	214.43	-
Advertising Expenses	-	0.3	0.14	0.1	0.42	0.29

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