Nanjing Iron & Steel Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	57,919	57,858	61,671	72,357	70,292	76,401
Other Revenue	136.1	136.1	139.16	185.59	374.75	152.85
Revenue	58,055	57,994	61,811	72,543	70,667	76,554
Revenue Growth (YoY)	-2.08%	-6.17%	-14.79%	2.66%	-7.69%	44.11%
Cost of Revenue	50,325	50,286	54,670	65,094	63,295	67,556
Gross Profit	7,731	7,708	7,141	7,449	7,372	8,998
Selling, General & Admin	1,913	1,882	1,766	2,127	1,835	1,587
Research & Development	2,308	2,312	2,436	2,402	2,311	2,139
Other Operating Expenses	183.71	73.08	-222.13	84.21	23.1	35.6
Operating Expenses	4,474	4,337	4,029	4,656	4,161	3,737
Operating Income	3,256	3,371	3,111	2,793	3,212	5,261
Interest Expense	-681.43	-681.43	-764.74	-810.58	-646.57	-445.62
Interest & Investment Income	318.43	304.68	316.79	374.7	324.66	394.25
Currency Exchange Gain (Loss)	2	2	-25.3	47.9	69.6	16.73
Other Non Operating Income (Expenses)	-25.28	-46.54	-46.65	-63.49	-154.68	-4.12
EBT Excluding Unusual Items	2,870	2,950	2,591	2,341	2,805	5,222
Impairment of Goodwill	-	-	-	-	-111.21	-54.44
Gain (Loss) on Sale of Investments	555.64	452.2	-109.97	122.85	-6.91	218.37
Gain (Loss) on Sale of Assets	-136.72	-136.72	-41.02	-39.72	-50.68	-113.58
Asset Writedown	-14.09	-17.33	-67.1	-	-11.49	-106.81
Other Unusual Items	132.65	132.65	208.17	223.56	8.43	-15.5
Pretax Income	3,407	3,381	2,581	2,648	2,633	5,150
Income Tax Expense	625.48	623.09	388.98	403.26	309.12	913.66
Earnings From Continuing Operations	2,782	2,758	2,192	2,245	2,324	4,237
Minority Interest in Earnings	104.2	109.83	68.43	-119.35	-162.07	-32.7
Net Income	2,886	2,867	2,261	2,125	2,161	4,204
Net Income to Common	2,886	2,867	2,261	2,125	2,161	4,204
Net Income Growth	26.29%	26.83%	6.37%	-1.67%	-48.59%	47.72%
Shares Outstanding (Basic)	6,164	6,165	6,165	6,166	6,155	6,139
Shares Outstanding (Diluted)	6,164	6,165	6,165	6,166	6,155	6,143
Shares Change (YoY)	-0.01%	0.00%	-0.01%	0.18%	0.19%	19.77%
EPS (Basic)	0.47	0.47	0.37	0.34	0.35	0.68
EPS (Diluted)	0.47	0.47	0.37	0.34	0.35	0.68
EPS Growth	26.30%	26.83%	6.38%	-1.85%	-48.69%	23.34%
Free Cash Flow	949.64	997.02	1,176	-1,276	-701.87	2,301
Free Cash Flow Per Share	0.15	0.16	0.19	-0.21	-0.11	0.38
Dividend Per Share	0.256	0.256	0.185	0.250	0.250	0.300
Dividend Growth	38.27%	38.27%	-26.00%	-	-16.67%	20.00%
Gross Margin	13.32%	13.29%	11.55%	10.27%	10.43%	11.75%
Operating Margin	5.61%	5.81%	5.03%	3.85%	4.54%	6.87%
Profit Margin	4.97%	4.94%	3.66%	2.93%	3.06%	5.49%
Free Cash Flow Margin	1.64%	1.72%	1.90%	-1.76%	-0.99%	3.00%
EBITDA	5,836	5,945	5,659	5,328	5,457	7,215
EBITDA Margin	10.05%	10.25%	9.16%	7.34%	7.72%	9.43%
D&A For EBITDA	2,580	2,573	2,548	2,535	2,245	1,954
EBIT	3,256	3,371	3,111	2,793	3,212	5,261
EBIT Margin	5.61%	5.81%	5.03%	3.85%	4.54%	6.87%
Effective Tax Rate	18.36%	18.43%	15.07%	15.23%	11.74%	17.74%
Revenue as Reported	57,994	57,994	61,811	72,543	70,667	76,554

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