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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,542	2,428	2,262	2,070	2,340	2,281
Other Revenue	7.69	4.07	5.1	2.96	3.78	1.45
Revenue	2,550	2,432	2,267	2,073	2,344	2,282
Revenue Growth (YoY)	13.83%	7.31%	9.33%	-11.53%	2.70%	-1.82%
Cost of Revenue	2,354	2,245	1,866	1,717	1,741	1,795
Gross Profit	195.79	187.29	401.03	356.6	602.71	487.14
Selling, General & Admin	138.87	132.54	147.79	121.71	118.28	102.89
Research & Development	0.22	0.19	-	-	0.22	1.63
Other Operating Expenses	15.53	3.41	4.4	7.51	10.31	8.52
Operating Expenses	154.76	136.48	151.81	129.3	128.37	113.79
Operating Income	41.03	50.81	249.22	227.3	474.34	373.35
Interest Expense	-31.3	-36.6	-51.98	-63.54	-77.47	-93.42
Interest & Investment Income	22.22	23.09	36.27	7.99	9.9	7.89
Currency Exchange Gain (Loss)	0.33	0.55	-0.08	0.04	0.1	-0.85
Other Non Operating Income (Expenses)	-0.2	-0.32	0.07	-0.29	-0.25	-0.43
EBT Excluding Unusual Items	32.09	37.53	233.49	171.5	406.63	286.55
Gain (Loss) on Sale of Investments	-20.18	-4.64	-52.55	8.84	81.44	-
Gain (Loss) on Sale of Assets	2.41	0.01	31.89	22.4	55.16	-2.75
Asset Writedown	-2	-2	-	-	0	-0.02
Other Unusual Items	31.36	25.01	20.59	33.86	34.7	54.8
Pretax Income	43.68	55.91	233.42	236.6	577.93	338.58
Income Tax Expense	21.34	24.3	57.99	53.97	140.53	76.2
Earnings From Continuing Operations	22.34	31.61	175.43	182.63	437.4	262.39
Minority Interest in Earnings	-21.06	-9.49	-63.67	-68.88	-122.5	-96.16
Net Income	1.27	22.12	111.76	113.75	314.9	166.23
Net Income to Common	1.27	22.12	111.76	113.75	314.9	166.23
Net Income Growth	-96.06%	-80.20%	-1.75%	-63.88%	89.44%	0.26%
Shares Outstanding (Basic)	1,208	1,209	1,207	1,206	1,207	1,206
Shares Outstanding (Diluted)	1,208	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	-96.06%	-80.24%	-1.80%	-63.87%	89.41%	0.29%
Free Cash Flow	337.42	328.29	722.42	235.6	609.5	347.04
Free Cash Flow Per Share	0.28	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	7.68%	7.70%	17.69%	17.20%	25.72%	21.35%
Operating Margin	1.61%	2.09%	10.99%	10.96%	20.24%	16.36%
Profit Margin	0.05%	0.91%	4.93%	5.49%	13.44%	7.28%
Free Cash Flow Margin	13.23%	13.50%	31.87%	11.36%	26.01%	15.21%
EBITDA	510.45	519.76	680.68	623.35	856.92	732.78
EBITDA Margin	20.02%	21.37%	30.03%	30.06%	36.56%	32.11%
D&A For EBITDA	469.41	468.95	431.47	396.06	382.58	359.43
EBIT	41.03	50.81	249.22	227.3	474.34	373.35
EBIT Margin	1.61%	2.09%	10.99%	10.96%	20.24%	16.36%
Effective Tax Rate	48.86%	43.46%	24.84%	22.81%	24.32%	22.50%
Revenue as Reported	2,550	2,432	2,267	2,073	2,344	2,282

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