Ningbo Tuopu Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Operating Revenue	25,716	25,012	18,728	15,340	11,017	6,294	Upgrade
Other Revenue	1,597	1,589	972.53	653.28	445.69	217.18	Upgrade
Revenue	27,313	26,600	19,701	15,993	11,463	6,511	Upgrade
Revenue Growth (YoY)	19.99%	35.02%	23.18%	39.52%	76.05%	21.50%	Upgrade
Cost of Revenue	21,916	21,125	15,255	12,587	9,238	5,083	Upgrade
Gross Profit	5,397	5,475	4,446	3,406	2,225	1,428	Upgrade
Selling, General & Admin	955.55	894.91	776.3	625.08	423.07	328.54	Upgrade
Research & Development	1,396	1,224	986.4	750.72	502.49	354.85	Upgrade
Other Operating Expenses	229.98	51.24	83.24	93.91	70.17	60.2	Upgrade
Operating Expenses	2,629	2,249	2,040	1,534	1,069	768.63	Upgrade
Operating Income	2,768	3,227	2,406	1,872	1,156	659.71	Upgrade
Interest Expense	-210.16	-237.97	-228.09	-135.06	-22.17	-19.74	Upgrade
Interest & Investment Income	136.64	132.72	50.29	74.96	59.21	60.35	Upgrade
Currency Exchange Gain (Loss)	91.1	29.54	100.39	116.35	-33.62	-39.19	Upgrade
Other Non Operating Income (Expenses)	-12.72	-10.08	-6.98	-12.78	-4.83	3.48	Upgrade
EBT Excluding Unusual Items	2,773	3,141	2,321	1,915	1,155	664.61	Upgrade
Impairment of Goodwill	-1.08	-1.08	-6.06	-	-44.63	-	Upgrade
Gain (Loss) on Sale of Investments	0.95	1.02	-0.08	-0.55	0.25	-	Upgrade
Gain (Loss) on Sale of Assets	-10.55	-19.86	-8.2	-8.16	-1.62	8.7	Upgrade
Other Unusual Items	424.73	300.32	155.41	53.35	37.6	36.77	Upgrade
Pretax Income	3,187	3,421	2,462	1,960	1,146	710.09	Upgrade
Income Tax Expense	349.04	417.57	312.27	260.87	128.44	79.95	Upgrade
Earnings From Continuing Operations	2,838	3,004	2,150	1,699	1,018	630.13	Upgrade
Minority Interest in Earnings	1.26	-3.08	0.63	1.17	-0.58	-1.93	Upgrade
Net Income	2,839	3,001	2,151	1,700	1,017	628.2	Upgrade
Net Income to Common	2,839	3,001	2,151	1,700	1,017	628.2	Upgrade
Net Income Growth	12.99%	39.52%	26.49%	67.14%	61.93%	37.70%	Upgrade
Shares Outstanding (Basic)	1,712	1,676	1,593	1,601	1,586	1,518	Upgrade
Shares Outstanding (Diluted)	1,722	1,686	1,593	1,601	1,586	1,518	Upgrade
Shares Change (YoY)	7.33%	5.82%	-0.48%	0.93%	4.47%	-1.30%	Upgrade
EPS (Basic)	1.66	1.79	1.35	1.06	0.64	0.41	Upgrade
EPS (Diluted)	1.65	1.78	1.35	1.06	0.64	0.41	Upgrade
EPS Growth	5.27%	31.85%	27.11%	65.59%	55.00%	39.51%	Upgrade
Free Cash Flow	1,760	90.21	188.71	-3,142	-2,334	-282.3	Upgrade
Free Cash Flow Per Share	1.02	0.05	0.12	-1.96	-1.47	-0.19	Upgrade
Dividend Per Share	0.519	0.519	0.383	0.319	0.192	0.119	Upgrade
Dividend Growth	35.37%	35.37%	20.08%	66.56%	61.64%	-9.47%	Upgrade
Gross Margin	19.76%	20.58%	22.57%	21.30%	19.41%	21.94%	Upgrade
Operating Margin	10.13%	12.13%	12.21%	11.70%	10.09%	10.13%	Upgrade
Profit Margin	10.39%	11.28%	10.92%	10.63%	8.87%	9.65%	Upgrade
Free Cash Flow Margin	6.44%	0.34%	0.96%	-19.64%	-20.36%	-4.34%	Upgrade
EBITDA	4,417	4,732	3,551	2,653	1,706	1,123	Upgrade
EBITDA Margin	16.17%	17.79%	18.03%	16.59%	14.88%	17.24%	Upgrade
D&A For EBITDA	1,649	1,505	1,146	781.32	549.95	463.12	Upgrade
EBIT	2,768	3,227	2,406	1,872	1,156	659.71	Upgrade
EBIT Margin	10.13%	12.13%	12.21%	11.70%	10.09%	10.13%	Upgrade
Effective Tax Rate	10.95%	12.21%	12.68%	13.31%	11.21%	11.26%	Upgrade
Revenue as Reported	27,313	26,600	19,701	15,993	11,463	6,511	Upgrade

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