Ningbo Zhongbai Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	459.01	826.87	975.1	900.72	827.47
Other Revenue	0.47	0.46	215.21	6.37	6.52
Revenue	459.48	827.33	1,190	907.09	833.99
Revenue Growth (YoY)	-44.46%	-30.49%	31.22%	8.76%	13.21%
Cost of Revenue	403.88	768.71	947.25	840.65	754.47
Gross Profit	55.6	58.62	243.06	66.44	79.52
Selling, General & Admin	32.53	29.53	46.03	42.27	45.95
Other Operating Expenses	9.49	19.39	49.35	9.22	8.96
Operating Expenses	42.32	48.91	95.38	51.5	54.87
Operating Income	13.29	9.71	147.68	14.94	24.65
Interest Expense	-0.01	-	-	-	-
Interest & Investment Income	10.39	10.27	24.35	33.17	22.55
Other Non Operating Income (Expenses)	-1.15	-1.05	-1.3	314.41	-1.49
EBT Excluding Unusual Items	22.51	18.93	170.73	362.51	45.71
Gain (Loss) on Sale of Investments	18.84	-40.06	-114.94	6.15	0.37
Gain (Loss) on Sale of Assets	-	0.01	6.72	-0	0.09
Asset Writedown	-0	-0.01	-	-	-
Other Unusual Items	1.4	-1.24	4.86	0.27	-1.65
Pretax Income	42.75	-22.37	67.37	368.93	44.52
Income Tax Expense	10.21	-6.31	6.67	6.76	8.65
Net Income	32.54	-16.06	60.7	362.17	35.86
Net Income to Common	32.54	-16.06	60.7	362.17	35.86
Net Income Growth	-	-	-83.24%	909.82%	59.38%
Shares Outstanding (Basic)	217	229	225	225	224
Shares Outstanding (Diluted)	217	229	225	225	224
Shares Change (YoY)	-5.44%	2.03%	-0.06%	0.36%	-0.39%
EPS (Basic)	0.15	-0.07	0.27	1.61	0.16
EPS (Diluted)	0.15	-0.07	0.27	1.61	0.16
EPS Growth	-	-	-83.23%	906.25%	60.00%
Free Cash Flow	10.28	-33.01	15.16	6.77	16.19
Free Cash Flow Per Share	0.05	-0.14	0.07	0.03	0.07
Dividend Per Share	0.045	-	0.085	0.045	-
Dividend Growth	-	-	88.89%	-	-
Gross Margin	12.10%	7.08%	20.42%	7.32%	9.54%
Operating Margin	2.89%	1.17%	12.41%	1.65%	2.96%
Profit Margin	7.08%	-1.94%	5.10%	39.93%	4.30%
Free Cash Flow Margin	2.24%	-3.99%	1.27%	0.75%	1.94%
EBITDA	21.15	17.62	156.35	26.31	36.18
EBITDA Margin	4.60%	2.13%	13.13%	2.90%	4.34%
D&A For EBITDA	7.87	7.91	8.67	11.37	11.53
EBIT	13.29	9.71	147.68	14.94	24.65
EBIT Margin	2.89%	1.17%	12.41%	1.65%	2.96%
Effective Tax Rate	23.89%	-	9.90%	1.83%	19.44%
Revenue as Reported	459.48	827.33	1,190	907.09	833.99
Advertising Expenses	2.63	2.09	2.48	2.82	3.21

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