Ningbo United Group Co.,Ltd. (SHA:600051)

Ningbo United Group 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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,825	1,702	1,680	2,593	3,661	4,854
Other Revenue	84.44	84.44	82.94	63.09	65.13	59.48
Revenue	1,909	1,787	1,763	2,657	3,726	4,914
Revenue Growth (YoY)	57.31%	1.35%	-33.63%	-28.70%	-24.17%	26.82%
Cost of Revenue	1,751	1,617	1,514	2,364	3,021	3,612
Gross Profit	158.16	169.89	249.45	292.99	705.15	1,301
Selling, General & Admin	111.46	116.27	119.76	132.75	210.21	200.14
Other Operating Expenses	20.15	19.64	11.1	9.08	54.9	291.75
Operating Expenses	129.63	144.49	128.49	139.42	265.91	494.38
Operating Income	28.53	25.39	120.96	153.56	439.24	806.83
Interest Expense	-50.56	-53.64	-55.45	-29.9	-23.96	-39.25
Interest & Investment Income	100.74	108.05	43.52	55.05	93.28	57.72
Currency Exchange Gain (Loss)	1.03	1.03	1.03	2.46	2.6	4.07
Other Non Operating Income (Expenses)	-15.2	-15.38	1.43	-2.22	-2.18	-9.9
EBT Excluding Unusual Items	64.53	65.45	111.49	178.96	508.98	819.47
Gain (Loss) on Sale of Investments	9.57	0.34	-19.67	-6.15	34.85	-20.77
Gain (Loss) on Sale of Assets	2.79	2.74	1.41	28.72	-0.02	-1.42
Asset Writedown	-1.18	-1.18	-	-	-6.92	-40.27
Other Unusual Items	6.99	8.72	15.33	15.75	12.67	10.33
Pretax Income	82.71	76.06	108.56	217.29	549.57	767.35
Income Tax Expense	8.54	5.48	24.36	62.95	125.44	265.38
Earnings From Continuing Operations	74.17	70.59	84.2	154.34	424.13	501.96
Net Income to Company	74.17	70.59	84.2	154.34	424.13	501.96
Minority Interest in Earnings	13.77	10.59	22	-4.39	-174.71	-158.19
Net Income	87.94	81.17	106.2	149.95	249.42	343.78
Net Income to Common	87.94	81.17	106.2	149.95	249.42	343.78
Net Income Growth	-13.94%	-23.56%	-29.18%	-39.88%	-27.45%	7.43%
Shares Outstanding (Basic)	308	311	312	312	312	310
Shares Outstanding (Diluted)	308	311	312	312	312	310
Shares Change (YoY)	-7.24%	-0.47%	-0.02%	0.20%	0.67%	-0.32%
EPS (Basic)	0.29	0.26	0.34	0.48	0.80	1.11
EPS (Diluted)	0.28	0.26	0.34	0.48	0.80	1.11
EPS Growth	-7.59%	-23.53%	-29.17%	-40.00%	-27.93%	7.77%
Free Cash Flow	53.22	-77.12	58.61	-373.96	-263.46	124.26
Free Cash Flow Per Share	0.17	-0.25	0.19	-1.20	-0.84	0.40
Dividend Per Share	0.120	0.120	0.120	0.120	0.100	0.200
Dividend Growth	-	-	-	20.00%	-50.00%	-
Gross Margin	8.28%	9.51%	14.15%	11.03%	18.93%	26.48%
Operating Margin	1.49%	1.42%	6.86%	5.78%	11.79%	16.42%
Profit Margin	4.61%	4.54%	6.02%	5.64%	6.69%	7.00%
Free Cash Flow Margin	2.79%	-4.32%	3.32%	-14.08%	-7.07%	2.53%
EBITDA	137.36	134.51	231.21	265.33	530.84	902.61
EBITDA Margin	7.19%	7.53%	13.11%	9.99%	14.25%	18.37%
D&A For EBITDA	108.83	109.12	110.26	111.76	91.6	95.78
EBIT	28.53	25.39	120.96	153.56	439.24	806.83
EBIT Margin	1.49%	1.42%	6.86%	5.78%	11.79%	16.42%
Effective Tax Rate	10.33%	7.20%	22.44%	28.97%	22.82%	34.58%
Revenue as Reported	1,909	1,787	1,763	2,657	3,726	4,914
Advertising Expenses	-	4.65	4.24	5.37	18.95	4.2

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.