HangZhou Nbond Nonwovens 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
Period Ending	Sep '25 Sep 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
Operating Revenue	2,682	2,218	1,898	1,574	1,509	2,002
Other Revenue	18.41	18.41	16.78	15.06	10.67	7.63
Revenue	2,700	2,237	1,915	1,589	1,519	2,010
Revenue Growth (YoY)	27.14%	16.80%	20.48%	4.61%	-24.40%	83.05%
Cost of Revenue	2,305	1,927	1,622	1,369	1,173	1,322
Gross Profit	395.22	309.18	292.75	220.01	346.49	688.04
Selling, General & Admin	136.15	127.93	120.29	97.96	149.08	134.57
Research & Development	97.98	77.73	81.53	62.84	58.31	68.36
Other Operating Expenses	19.91	18.72	12.55	8.88	11.4	12.14
Operating Expenses	258.39	230.3	214.33	176.36	218.72	218.38
Operating Income	136.83	78.88	78.42	43.65	127.78	469.66
Interest Expense	-2.1	-1.1	-0.12	-2.8	-4.37	-4.3
Interest & Investment Income	8.62	12.67	7.91	6.42	10.08	8.03
Currency Exchange Gain (Loss)	16.07	16.07	6.91	13.86	-7.68	-18.02
Other Non Operating Income (Expenses)	-5.94	-2.35	0.01	-0.93	-0.85	-0.6
EBT Excluding Unusual Items	153.49	104.16	93.13	60.21	124.96	454.78
Gain (Loss) on Sale of Investments	1.79	1.79	1.03	1.32	1.46	1.96
Gain (Loss) on Sale of Assets	-3.42	0.03	-0.01	-0.92	-1.78	-1.05
Asset Writedown	-6.08	-0.42	-0.02	-25.16	-	-
Other Unusual Items	12.67	13.07	16.65	17.29	15.29	7.47
Pretax Income	158.45	118.63	110.79	52.74	139.92	463.16
Income Tax Expense	16.91	9.29	11.49	0.96	29.2	84.48
Earnings From Continuing Operations	141.54	109.34	99.3	51.78	110.72	378.68
Minority Interest in Earnings	-19.73	-14.11	-16.65	-14.05	-14.11	-111.87
Net Income	121.81	95.23	82.64	37.72	96.61	266.81
Net Income to Common	121.81	95.23	82.64	37.72	96.61	266.81
Net Income Growth	24.62%	15.22%	119.07%	-60.95%	-63.79%	223.30%
Shares Outstanding (Basic)	176	176	180	180	176	174
Shares Outstanding (Diluted)	176	176	180	180	179	174
Shares Change (YoY)	-3.06%	-1.85%	0.01%	0.41%	2.60%	0.56%
EPS (Basic)	0.69	0.54	0.46	0.21	0.55	1.53
EPS (Diluted)	0.69	0.54	0.46	0.21	0.54	1.53
EPS Growth	28.55%	17.39%	119.05%	-61.11%	-64.71%	221.50%
Free Cash Flow	84.03	102.98	76.59	138.64	-67.09	170.83
Free Cash Flow Per Share	0.48	0.58	0.43	0.77	-0.38	0.98
Dividend Per Share	0.300	0.300	0.300	0.100	0.060	0.310
Dividend Growth	-	-	200.00%	66.67%	-80.66%	79.99%
Gross Margin	14.64%	13.82%	15.29%	13.84%	22.80%	34.23%
Operating Margin	5.07%	3.53%	4.09%	2.75%	8.41%	23.37%
Profit Margin	4.51%	4.26%	4.32%	2.37%	6.36%	13.27%
Free Cash Flow Margin	3.11%	4.60%	4.00%	8.72%	-4.42%	8.50%
EBITDA	256.36	195.97	192.26	146.67	215.87	537.07
EBITDA Margin	9.50%	8.76%	10.04%	9.23%	14.21%	26.72%
D&A For EBITDA	119.53	117.09	113.84	103.02	88.09	67.4
EBIT	136.83	78.88	78.42	43.65	127.78	469.66
EBIT Margin	5.07%	3.53%	4.09%	2.75%	8.41%	23.37%
Effective Tax Rate	10.67%	7.83%	10.37%	1.82%	20.87%	18.24%
Revenue as Reported	2,700	2,237	1,915	1,589	1,519	2,010
Advertising Expenses	-	6.68	3.48	2.38	5.38	5.76

Source: S&P Global Market Intelligence. Standard template. Financial Sources.