Ningbo Marine Company Limited (SHA:600798)

Ningbo Marine Company 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	2,367	2,428	2,262	2,070	2,340	2,281
Other Revenue	4.07	4.07	5.1	2.96	3.78	1.45
Revenue	2,371	2,432	2,267	2,073	2,344	2,282
Revenue Growth (YoY)	4.20%	7.31%	9.33%	-11.53%	2.70%	-1.82%
Cost of Revenue	2,193	2,245	1,866	1,717	1,741	1,795
Gross Profit	178.41	187.29	401.03	356.6	602.71	487.14
Selling, General & Admin	135.87	132.54	147.79	121.71	118.28	102.89
Research & Development	0.19	0.19	-	-	0.22	1.63
Other Operating Expenses	14.05	3.41	4.4	7.51	10.31	8.52
Operating Expenses	150.46	136.48	151.81	129.3	128.37	113.79
Operating Income	27.95	50.81	249.22	227.3	474.34	373.35
Interest Expense	-33.23	-36.6	-51.98	-63.54	-77.47	-93.42
Interest & Investment Income	23.15	23.09	36.27	7.99	9.9	7.89
Earnings From Equity Investments	0.02	-	-	-	-	-
Currency Exchange Gain (Loss)	0.55	0.55	-0.08	0.04	0.1	-0.85
Other Non Operating Income (Expenses)	-0.41	-0.32	0.07	-0.29	-0.25	-0.43
EBT Excluding Unusual Items	18.02	37.53	233.49	171.5	406.63	286.55
Gain (Loss) on Sale of Investments	-4.64	-4.64	-52.55	8.84	81.44	-
Gain (Loss) on Sale of Assets	0.01	0.01	31.89	22.4	55.16	-2.75
Asset Writedown	-2.01	-2	-	-	0	-0.02
Other Unusual Items	25.15	25.01	20.59	33.86	34.7	54.8
Pretax Income	36.54	55.91	233.42	236.6	577.93	338.58
Income Tax Expense	24.64	24.3	57.99	53.97	140.53	76.2
Earnings From Continuing Operations	11.89	31.61	175.43	182.63	437.4	262.39
Minority Interest in Earnings	-11.63	-9.49	-63.67	-68.88	-122.5	-96.16
Net Income	0.26	22.12	111.76	113.75	314.9	166.23
Net Income to Common	0.26	22.12	111.76	113.75	314.9	166.23
Net Income Growth	-99.69%	-80.20%	-1.75%	-63.88%	89.44%	0.26%
Shares Outstanding (Basic)	1,209	1,209	1,207	1,206	1,207	1,206
Shares Outstanding (Diluted)	1,209	1,209	1,207	1,206	1,207	1,206
Shares Change (YoY)	-0.01%	0.17%	0.06%	-0.02%	0.02%	-0.03%
EPS (Basic)	0.00	0.02	0.09	0.09	0.26	0.14
EPS (Diluted)	0.00	0.02	0.09	0.09	0.26	0.14
EPS Growth	-99.69%	-80.24%	-1.80%	-63.87%	89.41%	0.29%
Free Cash Flow	401.23	328.29	722.42	235.6	609.5	347.04
Free Cash Flow Per Share	0.33	0.27	0.60	0.20	0.51	0.29
Dividend Per Share	0.020	0.020	0.030	0.030	0.080	0.060
Dividend Growth	-33.33%	-33.33%	-	-62.50%	33.33%	-
Gross Margin	7.52%	7.70%	17.69%	17.20%	25.72%	21.35%
Operating Margin	1.18%	2.09%	10.99%	10.96%	20.24%	16.36%
Profit Margin	0.01%	0.91%	4.93%	5.49%	13.44%	7.28%
Free Cash Flow Margin	16.92%	13.50%	31.87%	11.36%	26.01%	15.21%
EBITDA	506.28	519.76	680.68	623.35	856.92	732.78
EBITDA Margin	21.35%	21.37%	30.03%	30.06%	36.56%	32.11%
D&A For EBITDA	478.32	468.95	431.47	396.06	382.58	359.43
EBIT	27.95	50.81	249.22	227.3	474.34	373.35
EBIT Margin	1.18%	2.09%	10.99%	10.96%	20.24%	16.36%
Effective Tax Rate	67.44%	43.46%	24.84%	22.81%	24.32%	22.50%
Revenue as Reported	2,371	2,432	2,267	2,073	2,344	2,282

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