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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	44,074	32,804	28,892	28,257	23,222	15,877
Other Revenue	179.06	179.06	243.7	172.9	77.68	50.94
Revenue	44,253	32,983	29,136	28,430	23,300	15,928
Revenue Growth (YoY)	34.06%	13.21%	2.48%	22.02%	46.28%	17.39%
Cost of Revenue	28,252	22,050	20,279	19,118	13,480	8,751
Gross Profit	16,001	10,933	8,857	9,312	9,820	7,176
Selling, General & Admin	1,311	992.29	854.51	714.05	643.52	1,030
Research & Development	807.02	756.14	431.07	150.85	132.54	100.05
Other Operating Expenses	425.13	641.15	454.2	406.42	348.59	228.15
Operating Expenses	2,538	2,390	1,739	1,272	1,125	1,358
Operating Income	13,463	8,543	7,117	8,040	8,696	5,818
Interest Expense	-855.86	-712.69	-286.79	-149.99	-173.11	-228.11
Interest & Investment Income	414.88	40.83	54.62	25.43	48.46	49.65
Currency Exchange Gain (Loss)	-0.24	-0.24	2.78	0.68	-1.79	0
Other Non Operating Income (Expenses)	-270.22	-70.52	-72.88	-109.75	-442.93	-118.36
EBT Excluding Unusual Items	12,752	7,801	6,815	7,807	8,126	5,521
Gain (Loss) on Sale of Investments	-	-	-	-	-0.04	-
Gain (Loss) on Sale of Assets	2.27	0.65	-77.56	-101.59	-34.66	-16.73
Asset Writedown	-146.28	-115.58	-	-	-	-
Other Unusual Items	-399.33	-399.33	-270.57	-397.78	29.26	-255.78
Pretax Income	12,208	7,286	6,467	7,307	8,121	5,249
Income Tax Expense	1,458	948.65	816.17	1,005	1,050	625.92
Net Income	10,751	6,338	5,651	6,303	7,070	4,623
Preferred Dividends & Other Adjustments	6.17	6.17	-	-	-	-
Net Income to Common	10,745	6,332	5,651	6,303	7,070	4,623
Net Income Growth	70.74%	12.16%	-10.34%	-10.86%	52.95%	21.59%
Shares Outstanding (Basic)	7,328	7,314	7,314	7,314	7,321	7,333
Shares Outstanding (Diluted)	7,328	7,314	7,314	7,314	7,321	7,333
Shares Change (YoY)	0.44%	0.00%	-	-0.10%	-0.17%	3.65%
EPS (Basic)	1.47	0.87	0.77	0.86	0.97	0.63
EPS (Diluted)	1.47	0.87	0.77	0.86	0.97	0.63
EPS Growth	70.42%	12.43%	-10.46%	-10.95%	53.30%	17.25%
Free Cash Flow	9,861	-2,631	-4,150	-3,351	1,131	2,610
Free Cash Flow Per Share	1.35	-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	36.16%	33.15%	30.40%	32.75%	42.15%	45.06%
Operating Margin	30.42%	25.90%	24.43%	28.28%	37.32%	36.53%
Profit Margin	24.28%	19.20%	19.39%	22.17%	30.34%	29.02%
Free Cash Flow Margin	22.28%	-7.98%	-14.24%	-11.79%	4.85%	16.38%
EBITDA	15,865	10,682	8,905	9,439	10,008	6,916
EBITDA Margin	35.85%	32.39%	30.56%	33.20%	42.95%	43.42%
D&A For EBITDA	2,402	2,139	1,788	1,399	1,313	1,098
EBIT	13,463	8,543	7,117	8,040	8,696	5,818
EBIT Margin	30.42%	25.90%	24.43%	28.28%	37.32%	36.53%
Effective Tax Rate	11.94%	13.02%	12.62%	13.75%	12.93%	11.92%
Revenue as Reported	44,253	32,983	29,136	28,430	23,300	15,928
Advertising Expenses	-	-	-	5.32	8.79	8.69

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