Ningbo Shanshan 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	22,047	21,471	18,520	18,896	21,348	20,363
Other Revenue	115.69	115.69	159.94	174.28	353.15	335.88
Revenue	22,163	21,587	18,680	19,070	21,702	20,699
Revenue Growth (YoY)	12.32%	15.56%	-2.05%	-12.13%	4.84%	151.94%
Cost of Revenue	18,340	18,067	16,045	16,205	16,555	15,548
Gross Profit	3,822	3,520	2,635	2,865	5,147	5,151
Selling, General & Admin	821.17	842.91	907.9	896	994.35	858.74
Research & Development	1,258	1,202	1,037	868.3	952.57	715.63
Other Operating Expenses	53.89	41.53	-10.79	41.57	86.57	65.01
Operating Expenses	2,167	2,120	2,008	1,860	2,019	1,866
Operating Income	1,655	1,399	626.51	1,005	3,128	3,285
Interest Expense	-595.21	-595.21	-573.78	-541.13	-634.22	-634.34
Interest & Investment Income	74.28	32.97	68.4	391.82	1,008	2,436
Currency Exchange Gain (Loss)	-43.88	-43.88	-1.95	-11.09	-174.71	-19.69
Other Non Operating Income (Expenses)	-62.56	-20.2	-13.46	-24.98	-34.24	-71.11
EBT Excluding Unusual Items	1,055	772.85	105.7	819.56	3,293	4,996
Impairment of Goodwill	-19.89	-19.89	-50.91	-128.04	-	-
Gain (Loss) on Sale of Investments	-164.04	-179.29	-826.49	-38.09	-1.95	-53.41
Gain (Loss) on Sale of Assets	1.88	3.58	396.37	-29.24	-6.13	-24.39
Asset Writedown	-50.24	-82.9	-19.01	-35.4	-76.47	-326
Other Unusual Items	123.79	123.79	120.07	399.73	180.25	81.96
Pretax Income	946.34	618.14	-274.29	988.51	3,395	4,674
Income Tax Expense	129.34	99.92	45.44	223.69	569.68	1,104
Earnings From Continuing Operations	817.01	518.23	-319.73	764.82	2,825	3,570
Minority Interest in Earnings	-61.19	-60.31	-47.41	0.52	-134.14	-230.63
Net Income	755.82	457.92	-367.14	765.34	2,691	3,340
Net Income to Common	755.82	457.92	-367.14	765.34	2,691	3,340
Net Income Growth	-	-	-	-71.56%	-19.42%	2320.00%
Shares Outstanding (Basic)	2,129	2,144	2,160	2,187	2,188	1,637
Shares Outstanding (Diluted)	2,129	2,144	2,160	2,187	2,189	1,637
Shares Change (YoY)	-1.27%	-0.70%	-1.24%	-0.12%	33.75%	15.47%
EPS (Basic)	0.35	0.21	-0.17	0.35	1.23	2.04
EPS (Diluted)	0.35	0.21	-0.17	0.35	1.23	2.04
EPS Growth	-	-	-	-71.55%	-39.71%	2003.11%
Free Cash Flow	1,611	690.07	-1,966	-6,162	-3,798	-1,743
Free Cash Flow Per Share	0.76	0.32	-0.91	-2.82	-1.74	-1.06
Dividend Per Share	-	-	-	0.200	0.300	0.330
Dividend Growth	-	-	-	-33.33%	-9.09%	266.67%
Gross Margin	17.25%	16.30%	14.11%	15.03%	23.72%	24.88%
Operating Margin	7.47%	6.48%	3.35%	5.27%	14.41%	15.87%
Profit Margin	3.41%	2.12%	-1.97%	4.01%	12.40%	16.13%
Free Cash Flow Margin	7.27%	3.20%	-10.52%	-32.31%	-17.50%	-8.42%
EBITDA	3,646	3,288	2,107	2,147	4,202	4,258
EBITDA Margin	16.45%	15.23%	11.28%	11.26%	19.36%	20.57%
D&A For EBITDA	1,991	1,889	1,481	1,142	1,074	972.61
EBIT	1,655	1,399	626.51	1,005	3,128	3,285
EBIT Margin	7.47%	6.48%	3.35%	5.27%	14.41%	15.87%
Effective Tax Rate	13.67%	16.16%	-	22.63%	16.78%	23.62%
Revenue as Reported	21,587	21,587	18,680	19,070	21,702	20,699

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