Ningbo Marine Company 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	2,913	2,689	2,428	2,262	2,070	2,340
Other Revenue	13.11	13.11	4.07	5.1	2.96	3.78
Revenue	2,926	2,702	2,432	2,267	2,073	2,344
Revenue Growth (YoY)	23.43%	11.07%	7.31%	9.33%	-11.53%	2.70%
Cost of Revenue	2,702	2,509	2,245	1,866	1,717	1,741
Gross Profit	224.31	192.18	187.29	401.03	356.6	602.71
Selling, General & Admin	132.01	134.6	132.54	147.79	121.71	118.28
Research & Development	0.19	0.19	0.19	-	-	0.22
Other Operating Expenses	4.37	2.83	3.41	4.4	7.51	10.31
Operating Expenses	135.94	137	136.48	151.81	129.3	128.37
Operating Income	88.37	55.18	50.81	249.22	227.3	474.34
Interest Expense	-26.31	-28.05	-36.6	-51.98	-63.54	-77.47
Interest & Investment Income	12.36	11.14	23.09	36.27	7.99	9.9
Currency Exchange Gain (Loss)	-0.53	-0.53	0.55	-0.08	0.04	0.1
Other Non Operating Income (Expenses)	-0.44	-0.25	-0.32	0.07	-0.29	-0.25
EBT Excluding Unusual Items	73.45	37.5	37.53	233.49	171.5	406.63
Gain (Loss) on Sale of Investments	22.07	22.07	-4.64	-52.55	8.84	81.44
Gain (Loss) on Sale of Assets	2.47	2.47	0.01	31.89	22.4	55.16
Asset Writedown	0	0	-2	-	-	0
Other Unusual Items	11.67	7.54	25.01	20.59	33.86	34.7
Pretax Income	109.66	69.58	55.91	233.42	236.6	577.93
Income Tax Expense	23.67	23.61	24.3	57.99	53.97	140.53
Earnings From Continuing Operations	85.99	45.96	31.61	175.43	182.63	437.4
Minority Interest in Earnings	-20.44	-18.59	-9.49	-63.67	-68.88	-122.5
Net Income	65.55	27.38	22.12	111.76	113.75	314.9
Net Income to Common	65.55	27.38	22.12	111.76	113.75	314.9
Net Income Growth	25011.44%	23.75%	-80.20%	-1.75%	-63.88%	89.44%
Shares Outstanding (Basic)	1,204	1,206	1,209	1,207	1,206	1,207
Shares Outstanding (Diluted)	1,204	1,206	1,209	1,207	1,206	1,207
Shares Change (YoY)	-0.40%	-0.24%	0.17%	0.06%	-0.02%	0.02%
EPS (Basic)	0.05	0.02	0.02	0.09	0.09	0.26
EPS (Diluted)	0.05	0.02	0.02	0.09	0.09	0.26
EPS Growth	25213.95%	24.04%	-80.24%	-1.80%	-63.87%	89.41%
Free Cash Flow	503.97	564.17	328.29	722.42	235.6	609.5
Free Cash Flow Per Share	0.42	0.47	0.27	0.60	0.20	0.51
Dividend Per Share	0.020	0.020	0.020	0.030	0.030	0.080
Dividend Growth	-	-	-33.33%	-	-62.50%	33.33%
Gross Margin	7.66%	7.11%	7.70%	17.69%	17.20%	25.72%
Operating Margin	3.02%	2.04%	2.09%	10.99%	10.96%	20.24%
Profit Margin	2.24%	1.01%	0.91%	4.93%	5.49%	13.44%
Free Cash Flow Margin	17.22%	20.88%	13.50%	31.87%	11.36%	26.01%
EBITDA	556.58	528.01	542.1	680.68	623.35	856.92
EBITDA Margin	19.02%	19.54%	22.29%	30.03%	30.06%	36.56%
D&A For EBITDA	468.21	472.83	491.29	431.47	396.06	382.58
EBIT	88.37	55.18	50.81	249.22	227.3	474.34
EBIT Margin	3.02%	2.04%	2.09%	10.99%	10.96%	20.24%
Effective Tax Rate	21.58%	33.94%	43.46%	24.84%	22.81%	24.32%
Revenue as Reported	2,926	2,702	2,432	2,267	2,073	2,344

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