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	Jun '26 Jun 30, 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	3,074	2,842	2,218	1,898	1,574	1,509
Other Revenue	13.91	32.47	18.41	16.78	15.06	10.67
Revenue	3,088	2,874	2,237	1,915	1,589	1,519
Revenue Growth	20.06%	28.50%	16.80%	20.48%	4.61%	-24.40%
Cost of Revenue	2,654	2,463	1,927	1,622	1,369	1,173
Gross Profit	433.75	410.75	309.18	292.75	220.01	346.49
Selling, General & Admin	133.43	133.16	127.93	120.29	97.96	149.08
Research & Development	124.59	106.57	77.73	81.53	62.84	58.31
Other Operating Expenses	11.82	17.52	18.72	12.55	8.88	11.4
Operating Expenses	275.57	261.33	230.3	214.33	176.36	218.72
Operating Income	158.18	149.42	78.88	78.42	43.65	127.78
Interest Expense	-1.34	-1.92	-1.1	-0.12	-2.8	-4.37
Interest & Investment Income	10.07	12.87	12.67	7.91	6.42	10.08
Currency Exchange Gain (Loss)	-3.63	1.33	16.07	6.91	13.86	-7.68
Other Non Operating Income (Expenses)	-9.66	-1.69	-2.35	0.01	-0.93	-0.85
EBT Excluding Unusual Items	153.61	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	-3.67	-3.13	0.03	-0.01	-0.92	-1.78
Asset Writedown	-15.44	-0.33	-0.42	-0.02	-25.16	-
Other Unusual Items	3.36	11.26	13.07	16.65	17.29	15.29
Pretax Income	137.82	167.77	118.63	110.79	52.74	139.92
Income Tax Expense	15.65	25.31	9.29	11.49	0.96	29.2
Earnings From Continuing Operations	122.16	142.46	109.34	99.3	51.78	110.72
Minority Interest in Earnings	-17.3	-25.15	-14.11	-16.65	-14.05	-14.11
Net Income	104.86	117.32	95.23	82.64	37.72	96.61
Net Income to Common	104.86	117.32	95.23	82.64	37.72	96.61
Net Income Growth	-10.00%	23.20%	15.22%	119.07%	-60.95%	-63.79%
Shares Outstanding (Basic)	178	178	176	180	180	176
Shares Outstanding (Diluted)	178	178	176	180	180	179
Shares Change	0.60%	0.80%	-1.85%	0.01%	0.41%	2.60%
EPS (Basic)	0.59	0.66	0.54	0.46	0.21	0.55
EPS (Diluted)	0.59	0.66	0.54	0.46	0.21	0.54
EPS Growth	-10.53%	22.22%	17.39%	119.05%	-61.11%	-64.71%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	130.22	90.7	102.98	76.59	138.64	-67.09
Free Cash Flow Per Share	0.73	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	0%	0%	0%	200.00%	66.67%	-80.66%
Gross Margin	14.05%	14.29%	13.82%	15.29%	13.84%	22.80%
Operating Margin	5.12%	5.20%	3.53%	4.09%	2.75%	8.41%
Profit Margin	3.40%	4.08%	4.26%	4.32%	2.37%	6.36%
Free Cash Flow Margin	4.22%	3.16%	4.60%	4.00%	8.72%	-4.42%
EBITDA	297.09	272.65	203.1	192.26	146.67	215.87
EBITDA Margin	9.62%	9.49%	9.08%	10.04%	9.23%	14.21%
D&A For EBITDA	138.91	123.24	124.22	113.84	103.02	88.09
EBIT	158.18	149.42	78.88	78.42	43.65	127.78
EBIT Margin	5.12%	5.20%	3.53%	4.09%	2.75%	8.41%
Effective Tax Rate	11.36%	15.08%	7.83%	10.37%	1.82%	20.87%
Revenue as Reported	1,534	2,874	2,237	1,915	1,589	1,519
Advertising Expenses	-	7.76	6.68	3.48	2.38	5.38