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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,940	2,842	2,218	1,898	1,574	1,509
Other Revenue	32.47	32.47	18.41	16.78	15.06	10.67
Revenue	2,973	2,874	2,237	1,915	1,589	1,519
Revenue Growth (YoY)	23.46%	28.50%	16.80%	20.48%	4.61%	-24.40%
Cost of Revenue	2,546	2,463	1,927	1,622	1,369	1,173
Gross Profit	426.29	410.75	309.18	292.75	220.01	346.49
Selling, General & Admin	132.72	133.16	127.93	120.29	97.96	149.08
Research & Development	113.34	106.57	77.73	81.53	62.84	58.31
Other Operating Expenses	18.22	17.52	18.72	12.55	8.88	11.4
Operating Expenses	271.17	261.33	230.3	214.33	176.36	218.72
Operating Income	155.12	149.42	78.88	78.42	43.65	127.78
Interest Expense	-1.92	-1.92	-1.1	-0.12	-2.8	-4.37
Interest & Investment Income	15.08	12.87	12.67	7.91	6.42	10.08
Currency Exchange Gain (Loss)	1.33	1.33	16.07	6.91	13.86	-7.68
Other Non Operating Income (Expenses)	-10.46	-1.69	-2.35	0.01	-0.93	-0.85
EBT Excluding Unusual Items	159.15	160.01	104.16	93.13	60.21	124.96
Gain (Loss) on Sale of Investments	-0.04	-0.04	1.79	1.03	1.32	1.46
Gain (Loss) on Sale of Assets	-3.21	-3.13	0.03	-0.01	-0.92	-1.78
Asset Writedown	-0.64	-0.33	-0.42	-0.02	-25.16	-
Other Unusual Items	12.6	11.26	13.07	16.65	17.29	15.29
Pretax Income	167.86	167.77	118.63	110.79	52.74	139.92
Income Tax Expense	20.24	25.31	9.29	11.49	0.96	29.2
Earnings From Continuing Operations	147.62	142.46	109.34	99.3	51.78	110.72
Minority Interest in Earnings	-29.7	-25.15	-14.11	-16.65	-14.05	-14.11
Net Income	117.92	117.32	95.23	82.64	37.72	96.61
Net Income to Common	117.92	117.32	95.23	82.64	37.72	96.61
Net Income Growth	12.12%	23.20%	15.22%	119.07%	-60.95%	-63.79%
Shares Outstanding (Basic)	179	178	176	180	180	176
Shares Outstanding (Diluted)	179	178	176	180	180	179
Shares Change (YoY)	0.13%	0.80%	-1.85%	0.01%	0.41%	2.60%
EPS (Basic)	0.66	0.66	0.54	0.46	0.21	0.55
EPS (Diluted)	0.66	0.66	0.54	0.46	0.21	0.54
EPS Growth	11.98%	22.22%	17.39%	119.05%	-61.11%	-64.71%
Free Cash Flow	74.91	90.7	102.98	76.59	138.64	-67.09
Free Cash Flow Per Share	0.42	0.51	0.58	0.43	0.77	-0.38
Dividend Per Share	0.300	0.300	0.300	0.300	0.100	0.060
Dividend Growth	-	-	-	200.00%	66.67%	-80.66%
Gross Margin	14.34%	14.29%	13.82%	15.29%	13.84%	22.80%
Operating Margin	5.22%	5.20%	3.53%	4.09%	2.75%	8.41%
Profit Margin	3.97%	4.08%	4.26%	4.32%	2.37%	6.36%
Free Cash Flow Margin	2.52%	3.16%	4.60%	4.00%	8.72%	-4.42%
EBITDA	278.11	272.65	203.1	192.26	146.67	215.87
EBITDA Margin	9.36%	9.49%	9.08%	10.04%	9.23%	14.21%
D&A For EBITDA	122.99	123.24	124.22	113.84	103.02	88.09
EBIT	155.12	149.42	78.88	78.42	43.65	127.78
EBIT Margin	5.22%	5.20%	3.53%	4.09%	2.75%	8.41%
Effective Tax Rate	12.06%	15.08%	7.83%	10.37%	1.82%	20.87%
Revenue as Reported	2,973	2,874	2,237	1,915	1,589	1,519
Advertising Expenses	-	7.76	6.68	3.48	2.38	5.38

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