Ningbo Tuopu Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	27,524	25,012	18,728	15,340	11,017
Other Revenue	2,057	1,589	972.53	653.28	445.69
Revenue	29,581	26,600	19,701	15,993	11,463
Revenue Growth (YoY)	11.21%	35.02%	23.18%	39.52%	76.05%
Cost of Revenue	23,903	21,125	15,255	12,587	9,238
Gross Profit	5,679	5,475	4,446	3,406	2,225
Selling, General & Admin	1,045	894.91	776.3	625.08	423.07
Research & Development	1,496	1,224	986.4	750.72	502.49
Other Operating Expenses	57.53	51.24	83.24	93.91	70.17
Operating Expenses	2,631	2,249	2,040	1,534	1,069
Operating Income	3,048	3,227	2,406	1,872	1,156
Interest Expense	-159.85	-237.97	-228.09	-135.06	-22.17
Interest & Investment Income	106.66	132.72	50.29	74.96	59.21
Currency Exchange Gain (Loss)	20.18	29.54	100.39	116.35	-33.62
Other Non Operating Income (Expenses)	-11.81	-9.88	-6.98	-12.78	-4.83
EBT Excluding Unusual Items	3,003	3,141	2,321	1,915	1,155
Impairment of Goodwill	-31.7	-1.08	-6.06	-	-44.63
Gain (Loss) on Sale of Investments	-	1.02	-0.08	-0.55	0.25
Gain (Loss) on Sale of Assets	-3.19	-19.86	-8.2	-8.16	-1.62
Other Unusual Items	183.56	300.11	155.41	53.35	37.6
Pretax Income	3,152	3,421	2,462	1,960	1,146
Income Tax Expense	368.93	417.57	312.27	260.87	128.44
Earnings From Continuing Operations	2,783	3,004	2,150	1,699	1,018
Minority Interest in Earnings	-3.6	-3.08	0.63	1.17	-0.58
Net Income	2,779	3,001	2,151	1,700	1,017
Net Income to Common	2,779	3,001	2,151	1,700	1,017
Net Income Growth	-7.38%	39.52%	26.49%	67.14%	61.93%
Shares Outstanding (Basic)	1,726	1,676	1,593	1,601	1,586
Shares Outstanding (Diluted)	1,726	1,686	1,593	1,601	1,586
Shares Change (YoY)	2.40%	5.82%	-0.48%	0.93%	4.47%
EPS (Basic)	1.61	1.79	1.35	1.06	0.64
EPS (Diluted)	1.61	1.78	1.35	1.06	0.64
EPS Growth	-9.55%	31.85%	27.11%	65.59%	55.00%
Free Cash Flow	984.91	90.21	188.71	-3,142	-2,334
Free Cash Flow Per Share	0.57	0.05	0.12	-1.96	-1.47
Dividend Per Share	0.490	0.519	0.383	0.319	0.192
Dividend Growth	-5.59%	35.37%	20.08%	66.56%	61.64%
Gross Margin	19.20%	20.58%	22.57%	21.30%	19.41%
Operating Margin	10.30%	12.13%	12.21%	11.70%	10.09%
Profit Margin	9.40%	11.28%	10.92%	10.63%	8.87%
Free Cash Flow Margin	3.33%	0.34%	0.96%	-19.64%	-20.36%
EBITDA	4,883	4,750	3,551	2,653	1,706
EBITDA Margin	16.51%	17.86%	18.03%	16.59%	14.88%
D&A For EBITDA	1,835	1,523	1,146	781.32	549.95
EBIT	3,048	3,227	2,406	1,872	1,156
EBIT Margin	10.30%	12.13%	12.21%	11.70%	10.09%
Effective Tax Rate	11.71%	12.21%	12.68%	13.31%	11.21%
Revenue as Reported	29,581	26,600	19,701	15,993	11,463

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.