Ningbo Construction Co., Ltd. (SHA:601789)

Ningbo Construction 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	20,119	20,730	22,410	21,646	21,178	19,722
Other Revenue	329.78	329.78	262.96	220.6	141.73	74.81
Revenue	20,448	21,060	22,673	21,867	21,320	19,797
Revenue Growth (YoY)	-9.71%	-7.11%	3.69%	2.56%	7.70%	6.69%
Cost of Revenue	18,446	19,047	20,673	20,140	19,597	18,269
Gross Profit	2,003	2,013	2,000	1,727	1,723	1,527
Selling, General & Admin	686.19	694.46	650.24	579.88	607.84	524.07
Research & Development	469.7	492.31	537.03	497.22	478.85	329.52
Other Operating Expenses	65.06	61.03	69.17	67.82	56.6	54.21
Operating Expenses	1,446	1,447	1,478	1,172	1,169	1,023
Operating Income	556.32	565.65	522.38	555.03	554.2	504.19
Interest Expense	-244.32	-244.95	-199.43	-196.41	-163.44	-163.54
Interest & Investment Income	92.64	81.94	52.48	40.3	43.51	32.07
Currency Exchange Gain (Loss)	-	-	-	-1.64	0.46	4.54
Other Non Operating Income (Expenses)	-52.41	-48.17	-25.98	-52.42	2.11	-14.52
EBT Excluding Unusual Items	352.23	354.47	349.46	344.87	436.84	362.74
Gain (Loss) on Sale of Investments	-0.37	-	-	-6.58	-	-47.4
Gain (Loss) on Sale of Assets	0.35	0.91	4.76	1.73	69.95	2.45
Asset Writedown	-9.15	-3.25	-3.93	-2.08	-	-1.12
Other Unusual Items	37.74	37.74	29.37	79.54	5.36	25.76
Pretax Income	380.8	389.87	379.65	417.47	512.15	342.43
Income Tax Expense	67.4	67.97	33.8	51.16	69.62	45.1
Earnings From Continuing Operations	313.4	321.9	345.85	366.31	442.53	297.32
Minority Interest in Earnings	-13.91	-13.56	-16.46	-17.71	-26.78	-17.73
Net Income	299.49	308.34	329.39	348.6	415.75	279.59
Net Income to Common	299.49	308.34	329.39	348.6	415.75	279.59
Net Income Growth	-5.36%	-6.39%	-5.51%	-16.15%	48.70%	16.36%
Shares Outstanding (Basic)	1,155	1,153	1,166	1,150	1,030	1,041
Shares Outstanding (Diluted)	1,155	1,153	1,166	1,150	1,058	1,096
Shares Change (YoY)	0.13%	-1.07%	1.34%	8.69%	-3.42%	12.26%
EPS (Basic)	0.26	0.27	0.28	0.30	0.40	0.27
EPS (Diluted)	0.26	0.27	0.28	0.30	0.39	0.26
EPS Growth	-5.48%	-5.38%	-6.76%	-22.86%	53.96%	3.66%
Free Cash Flow	210.49	-80.07	1,034	851.99	-1,072	748.11
Free Cash Flow Per Share	0.18	-0.07	0.89	0.74	-1.01	0.68
Dividend Per Share	0.100	0.100	0.100	0.100	0.120	0.100
Dividend Growth	-	-	-	-16.67%	20.00%	-
Gross Margin	9.79%	9.56%	8.82%	7.90%	8.08%	7.71%
Operating Margin	2.72%	2.69%	2.30%	2.54%	2.60%	2.55%
Profit Margin	1.47%	1.46%	1.45%	1.59%	1.95%	1.41%
Free Cash Flow Margin	1.03%	-0.38%	4.56%	3.90%	-5.03%	3.78%
EBITDA	666.3	675.68	632.6	657.78	663.86	598.53
EBITDA Margin	3.26%	3.21%	2.79%	3.01%	3.11%	3.02%
D&A For EBITDA	109.98	110.03	110.21	102.75	109.66	94.34
EBIT	556.32	565.65	522.38	555.03	554.2	504.19
EBIT Margin	2.72%	2.69%	2.30%	2.54%	2.60%	2.55%
Effective Tax Rate	17.70%	17.43%	8.90%	12.26%	13.59%	13.17%
Revenue as Reported	20,448	21,060	22,673	21,867	21,320	19,797
Advertising Expenses	-	0.33	0.84	0.73	0.12	0.26

Updated Oct 24, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.