Shenghui Cleanness Grp Hldg reported QQ2 2025 revenue of 358.83 million CNY, up 106.35% year over year (YoY) from the prior-year quarter, reflecting significant top-line expansion. Despite the strong revenue trajectory, the company delivered a modest net income of 7.94 million CNY, representing a YoY decline of approximately 59%, driven by elevated operating expenses and meaningful negative net other income. The quarterly results show an unusual combination of a higher operating income (34.29 million) alongside a much smaller EBITDA figure (13.36 million), suggesting potential data quality concerns or classification differences in the reported line items. Profitability metrics show improving gross margins (16.78%) and operating margins (9.56%), yet still-limited net profitability (net margin 2.21%). On a liquidity standpoint, Shenghui demonstrates solid short-term liquidity (current/quick ratio of 2.59) with relatively low leverage (debt ratio 7.86%, debt-to-equity 11.5%), but cash flow from operations and free cash flow remain negative per share, indicating working-capital intensity and capex/maintenance spend pressures. Management commentary is not included in the provided transcript, limiting the ability to quote direct guidance or strategic color. This analysis integrates the reported figures with available quarterly data, highlighting drivers, risks, and an investment outlook grounded in the current data set.