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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,750	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	2,754	2,432	2,267	2,073	2,344	2,282
Revenue Growth (YoY)	22.40%	7.31%	9.33%	-11.53%	2.70%	-1.82%
Cost of Revenue	2,551	2,245	1,866	1,717	1,741	1,795
Gross Profit	202.87	187.29	401.03	356.6	602.71	487.14
Selling, General & Admin	144.58	132.54	147.79	121.71	118.28	102.89
Research & Development	0.19	0.19	-	-	0.22	1.63
Other Operating Expenses	16.95	3.41	4.4	7.51	10.31	8.52
Operating Expenses	161.73	136.48	151.81	129.3	128.37	113.79
Operating Income	41.13	50.81	249.22	227.3	474.34	373.35
Interest Expense	-29.65	-36.6	-51.98	-63.54	-77.47	-93.42
Interest & Investment Income	22.91	23.09	36.27	7.99	9.9	7.89
Currency Exchange Gain (Loss)	0.55	0.55	-0.08	0.04	0.1	-0.85
Other Non Operating Income (Expenses)	-0.16	-0.32	0.07	-0.29	-0.25	-0.43
EBT Excluding Unusual Items	34.78	37.53	233.49	171.5	406.63	286.55
Gain (Loss) on Sale of Investments	-22.02	-4.64	-52.55	8.84	81.44	-
Gain (Loss) on Sale of Assets	2.61	0.01	31.89	22.4	55.16	-2.75
Asset Writedown	-2.08	-2	-	-	0	-0.02
Other Unusual Items	26.69	25.01	20.59	33.86	34.7	54.8
Pretax Income	39.99	55.91	233.42	236.6	577.93	338.58
Income Tax Expense	21.8	24.3	57.99	53.97	140.53	76.2
Earnings From Continuing Operations	18.19	31.61	175.43	182.63	437.4	262.39
Minority Interest in Earnings	-18.98	-9.49	-63.67	-68.88	-122.5	-96.16
Net Income	-0.79	22.12	111.76	113.75	314.9	166.23
Net Income to Common	-0.79	22.12	111.76	113.75	314.9	166.23
Net Income Growth	-	-80.20%	-1.75%	-63.88%	89.44%	0.26%
Shares Outstanding (Basic)	1,216	1,209	1,207	1,206	1,207	1,206
Shares Outstanding (Diluted)	1,216	1,209	1,207	1,206	1,207	1,206
Shares Change (YoY)	1.22%	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	-	-80.24%	-1.80%	-63.87%	89.41%	0.29%
Free Cash Flow	380.78	328.29	722.42	235.6	609.5	347.04
Free Cash Flow Per Share	0.31	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	7.37%	7.70%	17.69%	17.20%	25.72%	21.35%
Operating Margin	1.49%	2.09%	10.99%	10.96%	20.24%	16.36%
Profit Margin	-0.03%	0.91%	4.93%	5.49%	13.44%	7.28%
Free Cash Flow Margin	13.83%	13.50%	31.87%	11.36%	26.01%	15.21%
EBITDA	538.2	519.76	680.68	623.35	856.92	732.78
EBITDA Margin	19.54%	21.37%	30.03%	30.06%	36.56%	32.11%
D&A For EBITDA	497.07	468.95	431.47	396.06	382.58	359.43
EBIT	41.13	50.81	249.22	227.3	474.34	373.35
EBIT Margin	1.49%	2.09%	10.99%	10.96%	20.24%	16.36%
Effective Tax Rate	54.50%	43.46%	24.84%	22.81%	24.32%	22.50%
Revenue as Reported	2,754	2,432	2,267	2,073	2,344	2,282

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.