Ningbo Xusheng Group Co., Ltd. (SHA:603305)

Ningbo Xusheng Group 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	4,256	4,348	4,770	4,410	3,000	1,618
Other Revenue	60.3	60.3	63.72	43.87	23.44	9.57
Revenue	4,316	4,409	4,834	4,454	3,023	1,628
Revenue Growth (YoY)	-10.07%	-8.79%	8.54%	47.31%	85.77%	48.33%
Cost of Revenue	3,499	3,542	3,701	3,406	2,304	1,096
Gross Profit	817.57	866.46	1,133	1,048	719.1	531.75
Selling, General & Admin	197.16	189.09	153.18	114.18	97.58	82.29
Research & Development	184.2	191.47	193.63	173.08	129.27	57.59
Other Operating Expenses	46.14	24.74	38.02	13.82	7.78	7.77
Operating Expenses	427.26	400.82	387.56	317.24	263.89	160.29
Operating Income	390.31	465.65	745.35	730.52	455.21	371.46
Interest Expense	-129.18	-107.47	-45.83	-72.29	-12.67	-6.63
Interest & Investment Income	70.16	72.59	49.18	45.67	19.88	17.07
Currency Exchange Gain (Loss)	-7.16	-7.16	36.06	72.97	-15.16	-21.28
Other Non Operating Income (Expenses)	13.4	-1.37	-1.28	-1.8	-1.35	-0.52
EBT Excluding Unusual Items	337.52	422.23	783.48	775.07	445.91	360.09
Gain (Loss) on Sale of Investments	13.14	6.55	-2.57	-7.55	2.65	8.36
Gain (Loss) on Sale of Assets	0.42	-0.23	-0.57	0.07	-0.14	0.2
Asset Writedown	-14.48	-20.22	-	-0.13	-	-
Other Unusual Items	72.32	62.31	39.83	15.02	16.78	18.29
Pretax Income	408.93	470.63	820.18	782.49	465.2	387.01
Income Tax Expense	59.39	59.88	108.57	82.3	52.66	54.24
Earnings From Continuing Operations	349.54	410.74	711.61	700.18	412.54	332.77
Minority Interest in Earnings	5.18	5.51	2.5	1.07	0.69	0.04
Net Income	354.72	416.26	714.1	701.25	413.22	332.82
Net Income to Common	354.72	416.26	714.1	701.25	413.22	332.82
Net Income Growth	-47.72%	-41.71%	1.83%	69.70%	24.16%	61.10%
Shares Outstanding (Basic)	933	925	927	888	877	847
Shares Outstanding (Diluted)	933	925	927	888	877	847
Shares Change (YoY)	0.43%	-0.26%	4.48%	1.26%	3.48%	8.78%
EPS (Basic)	0.38	0.45	0.77	0.79	0.47	0.39
EPS (Diluted)	0.38	0.45	0.77	0.79	0.47	0.39
EPS Growth	-47.94%	-41.56%	-2.53%	67.59%	19.98%	48.10%
Free Cash Flow	563.48	648.05	-342.78	-886.27	-1,068	-58.03
Free Cash Flow Per Share	0.60	0.70	-0.37	-1.00	-1.22	-0.07
Dividend Per Share	0.380	0.380	0.230	0.086	0.061	0.168
Dividend Growth	65.22%	65.22%	168.38%	40.03%	-63.66%	-
Gross Margin	18.94%	19.65%	23.44%	23.52%	23.79%	32.67%
Operating Margin	9.04%	10.56%	15.42%	16.40%	15.06%	22.82%
Profit Margin	8.22%	9.44%	14.77%	15.75%	13.67%	20.45%
Free Cash Flow Margin	13.05%	14.70%	-7.09%	-19.90%	-35.34%	-3.57%
EBITDA	860.14	913.97	1,108	952.5	578.96	473.47
EBITDA Margin	19.93%	20.73%	22.91%	21.39%	19.15%	29.09%
D&A For EBITDA	469.83	448.32	362.27	221.99	123.75	102.01
EBIT	390.31	465.65	745.35	730.52	455.21	371.46
EBIT Margin	9.04%	10.56%	15.42%	16.40%	15.06%	22.82%
Effective Tax Rate	14.52%	12.72%	13.24%	10.52%	11.32%	14.01%
Revenue as Reported	4,316	4,409	4,834	4,454	3,023	1,628

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