Ningxia Baofeng Energy Group Co., Ltd. (SHA:600989)

SHA:600989 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	38,717	32,804	28,892	28,257	23,222	15,877
Other Revenue	188.55	179.06	243.7	172.9	77.68	50.94
Revenue	38,905	32,983	29,136	28,430	23,300	15,928
Revenue Growth (YoY)	18.10%	13.21%	2.48%	22.02%	46.28%	17.39%
Cost of Revenue	25,267	22,050	20,279	19,118	13,480	8,751
Gross Profit	13,638	10,933	8,857	9,312	9,820	7,176
Selling, General & Admin	1,197	992.29	854.51	714.05	643.52	1,030
Research & Development	787.91	756.14	431.07	150.85	132.54	100.05
Other Operating Expenses	542.46	641.15	454.2	406.42	348.59	228.15
Operating Expenses	2,528	2,390	1,739	1,272	1,125	1,358
Operating Income	11,110	8,543	7,117	8,040	8,696	5,818
Interest Expense	-826.52	-712.69	-286.79	-149.99	-173.11	-228.11
Interest & Investment Income	365.99	40.83	54.62	25.43	48.46	49.65
Currency Exchange Gain (Loss)	-6.9	-0.24	2.78	0.68	-1.79	0
Other Non Operating Income (Expenses)	33.96	-70.52	-72.88	-109.75	-442.93	-118.36
EBT Excluding Unusual Items	10,677	7,801	6,815	7,807	8,126	5,521
Gain (Loss) on Sale of Investments	-	-	-	-	-0.04	-
Gain (Loss) on Sale of Assets	0.66	0.65	-77.56	-101.59	-34.66	-16.73
Asset Writedown	-51.22	-115.58	-	-	-	-
Other Unusual Items	-658.49	-399.33	-270.57	-397.78	29.26	-255.78
Pretax Income	9,968	7,286	6,467	7,307	8,121	5,249
Income Tax Expense	1,217	948.65	816.17	1,005	1,050	625.92
Net Income	8,751	6,338	5,651	6,303	7,070	4,623
Preferred Dividends & Other Adjustments	15.16	6.17	-	-	-	-
Net Income to Common	8,735	6,332	5,651	6,303	7,070	4,623
Net Income Growth	30.63%	12.16%	-10.34%	-10.86%	52.95%	21.59%
Shares Outstanding (Basic)	7,309	7,314	7,314	7,314	7,321	7,333
Shares Outstanding (Diluted)	7,310	7,314	7,314	7,314	7,321	7,333
Shares Change (YoY)	-0.06%	0.00%	-	-0.10%	-0.17%	3.65%
EPS (Basic)	1.20	0.87	0.77	0.86	0.97	0.63
EPS (Diluted)	1.20	0.87	0.77	0.86	0.97	0.63
EPS Growth	31.34%	12.43%	-10.46%	-10.95%	53.30%	17.25%
Free Cash Flow	4,048	-2,631	-4,150	-3,351	1,131	2,610
Free Cash Flow Per Share	0.55	-0.36	-0.57	-0.46	0.15	0.36
Dividend Per Share	0.740	0.460	0.280	0.280	0.321	0.280
Dividend Growth	164.21%	64.21%	-	-12.77%	14.64%	-56.37%
Gross Margin	35.05%	33.15%	30.40%	32.75%	42.15%	45.06%
Operating Margin	28.56%	25.90%	24.43%	28.28%	37.32%	36.53%
Profit Margin	22.45%	19.20%	19.39%	22.17%	30.34%	29.02%
Free Cash Flow Margin	10.40%	-7.98%	-14.24%	-11.79%	4.85%	16.38%
EBITDA	13,582	10,682	8,905	9,439	10,008	6,916
EBITDA Margin	34.91%	32.39%	30.56%	33.20%	42.95%	43.42%
D&A For EBITDA	2,472	2,139	1,788	1,399	1,313	1,098
EBIT	11,110	8,543	7,117	8,040	8,696	5,818
EBIT Margin	28.56%	25.90%	24.43%	28.28%	37.32%	36.53%
Effective Tax Rate	12.21%	13.02%	12.62%	13.75%	12.93%	11.92%
Revenue as Reported	38,905	32,983	29,136	28,430	23,300	15,928
Advertising Expenses	-	-	-	5.32	8.79	8.69

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