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

Ningxia Baofeng Energy Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	32,766	28,892	28,257	23,222	15,877	13,525
Other Revenue	243.7	243.7	172.9	77.68	50.94	42.85
Revenue	33,009	29,136	28,430	23,300	15,928	13,568
Revenue Growth (YoY)	20.71%	2.48%	22.02%	46.29%	17.39%	3.95%
Cost of Revenue	22,149	20,315	19,118	13,480	8,751	7,608
Gross Profit	10,861	8,821	9,312	9,820	7,176	5,960
Selling, General & Admin	987.99	818.8	714.05	643.52	1,030	881.63
Research & Development	763.26	431.07	150.85	132.54	100.05	53.42
Other Operating Expenses	621.22	454.2	406.42	348.59	228.15	159.96
Operating Expenses	2,376	1,704	1,272	1,125	1,358	1,095
Operating Income	8,485	7,117	8,040	8,696	5,818	4,865
Interest Expense	-721.61	-286.79	-149.99	-173.11	-228.11	-319.98
Interest & Investment Income	61.63	54.62	25.43	48.46	49.65	45.54
Currency Exchange Gain (Loss)	2.78	2.78	0.68	-1.79	0	1.12
Other Non Operating Income (Expenses)	261.64	-72.88	-109.75	-442.93	-118.36	27.5
EBT Excluding Unusual Items	8,105	6,815	7,807	8,126	5,521	4,619
Gain (Loss) on Sale of Investments	-	-	-	-0.04	-	-
Gain (Loss) on Sale of Assets	-145.24	-77.56	-101.59	-34.66	-16.73	-8.03
Other Unusual Items	-629.29	-270.57	-397.78	29.26	-255.78	-225.57
Pretax Income	7,331	6,467	7,307	8,121	5,249	4,385
Income Tax Expense	1,034	816.17	1,005	1,050	625.92	583.56
Earnings From Continuing Operations	6,297	5,651	6,303	7,070	4,623	3,802
Net Income	6,297	5,651	6,303	7,070	4,623	3,802
Net Income to Common	6,297	5,651	6,303	7,070	4,623	3,802
Net Income Growth	30.62%	-10.34%	-10.86%	52.95%	21.59%	2.88%
Shares Outstanding (Basic)	7,296	7,314	7,314	7,321	7,333	7,075
Shares Outstanding (Diluted)	7,296	7,314	7,314	7,321	7,333	7,075
Shares Change (YoY)	-0.05%	-	-0.10%	-0.17%	3.64%	7.20%
EPS (Basic)	0.86	0.77	0.86	0.97	0.63	0.54
EPS (Diluted)	0.86	0.77	0.86	0.97	0.63	0.54
EPS Growth	30.63%	-10.47%	-10.95%	53.30%	17.25%	-4.04%
Free Cash Flow	-3,390	-4,150	-3,351	1,131	2,610	-967.96
Free Cash Flow Per Share	-0.46	-0.57	-0.46	0.15	0.36	-0.14
Dividend Per Share	0.280	0.280	0.280	0.321	0.280	0.642
Dividend Growth	191.97%	0%	-12.77%	14.64%	-56.37%	-
Gross Margin	32.90%	30.28%	32.75%	42.15%	45.06%	43.93%
Operating Margin	25.70%	24.43%	28.28%	37.32%	36.53%	35.85%
Profit Margin	19.08%	19.39%	22.17%	30.35%	29.02%	28.02%
Free Cash Flow Margin	-10.27%	-14.24%	-11.79%	4.85%	16.39%	-7.13%
EBITDA	10,553	8,899	9,439	10,008	6,916	5,683
EBITDA Margin	31.97%	30.54%	33.20%	42.95%	43.42%	41.88%
D&A For EBITDA	2,069	1,781	1,399	1,313	1,098	817.67
EBIT	8,485	7,117	8,040	8,696	5,818	4,865
EBIT Margin	25.70%	24.43%	28.28%	37.32%	36.53%	35.85%
Effective Tax Rate	14.11%	12.62%	13.75%	12.93%	11.93%	13.31%
Revenue as Reported	33,009	29,136	28,430	23,300	15,928	13,568
Advertising Expenses	-	3.03	5.32	8.79	8.69	18.02

Source: S&P Capital IQ. Standard template. Financial Sources.