Ningbo Zhongbai Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	504.03	826.87	975.1	900.72	827.47	730.58
Other Revenue	0.46	0.46	215.21	6.37	6.52	6.08
Revenue	504.49	827.33	1,190	907.09	833.99	736.65
Revenue Growth (YoY)	-45.53%	-30.49%	31.22%	8.76%	13.21%	-27.03%
Cost of Revenue	447.62	768.71	947.25	840.65	754.47	670.79
Gross Profit	56.87	58.62	243.06	66.44	79.52	65.86
Selling, General & Admin	28.24	29.53	46.03	42.27	45.95	46.7
Other Operating Expenses	17.05	19.39	49.35	9.22	8.96	6.71
Operating Expenses	44.48	48.91	95.38	51.5	54.87	53.39
Operating Income	12.39	9.71	147.68	14.94	24.65	12.47
Interest Expense	-0.01	-	-	-	-	-
Interest & Investment Income	11.42	10.27	24.35	33.17	22.55	28.23
Other Non Operating Income (Expenses)	-0.17	-1.05	-1.3	314.41	-1.49	-13.07
EBT Excluding Unusual Items	23.63	18.93	170.73	362.51	45.71	27.63
Gain (Loss) on Sale of Investments	26.66	-40.06	-114.94	6.15	0.37	0.19
Gain (Loss) on Sale of Assets	-0	0.01	6.72	-0	0.09	-0
Asset Writedown	-0.01	-0.01	-	-	-	-
Other Unusual Items	-1.24	-1.24	4.86	0.27	-1.65	-
Pretax Income	49.04	-22.37	67.37	368.93	44.52	27.82
Income Tax Expense	11.08	-6.31	6.67	6.76	8.65	5.31
Net Income	37.97	-16.06	60.7	362.17	35.86	22.5
Net Income to Common	37.97	-16.06	60.7	362.17	35.86	22.5
Net Income Growth	-	-	-83.24%	909.82%	59.38%	-45.43%
Shares Outstanding (Basic)	247	229	225	225	224	225
Shares Outstanding (Diluted)	247	229	225	225	224	225
Shares Change (YoY)	20.85%	2.03%	-0.06%	0.36%	-0.39%	-1.77%
EPS (Basic)	0.15	-0.07	0.27	1.61	0.16	0.10
EPS (Diluted)	0.15	-0.07	0.27	1.61	0.16	0.10
EPS Growth	-	-	-83.23%	906.25%	60.00%	-44.44%
Free Cash Flow	-64.84	-33.01	15.16	6.77	16.19	-153.18
Free Cash Flow Per Share	-0.26	-0.14	0.07	0.03	0.07	-0.68
Dividend Per Share	-	-	0.085	0.045	-	-
Dividend Growth	-	-	88.89%	-	-	-
Gross Margin	11.27%	7.08%	20.42%	7.32%	9.54%	8.94%
Operating Margin	2.46%	1.17%	12.41%	1.65%	2.96%	1.69%
Profit Margin	7.53%	-1.94%	5.10%	39.93%	4.30%	3.06%
Free Cash Flow Margin	-12.85%	-3.99%	1.27%	0.75%	1.94%	-20.79%
EBITDA	19.72	17.62	156.35	26.31	36.18	24.33
EBITDA Margin	3.91%	2.13%	13.13%	2.90%	4.34%	3.30%
D&A For EBITDA	7.33	7.91	8.67	11.37	11.53	11.85
EBIT	12.39	9.71	147.68	14.94	24.65	12.47
EBIT Margin	2.46%	1.17%	12.41%	1.65%	2.96%	1.69%
Effective Tax Rate	22.59%	-	9.90%	1.83%	19.44%	19.11%
Revenue as Reported	504.49	827.33	1,190	907.09	833.99	736.65
Advertising Expenses	-	2.09	2.48	2.82	3.21	3.19

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