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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,300	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	4,360	4,409	4,834	4,454	3,023	1,628
Revenue Growth (YoY)	-3.81%	-8.79%	8.54%	47.31%	85.77%	48.33%
Cost of Revenue	3,470	3,542	3,701	3,406	2,304	1,096
Gross Profit	890.69	866.46	1,133	1,048	719.1	531.75
Selling, General & Admin	213.06	189.09	153.18	114.18	97.58	82.29
Research & Development	197.61	191.47	193.63	173.08	129.27	57.59
Other Operating Expenses	64.65	24.74	38.02	13.82	7.78	7.77
Operating Expenses	486.27	400.82	387.56	317.24	263.89	160.29
Operating Income	404.42	465.65	745.35	730.52	455.21	371.46
Interest Expense	-138.47	-107.47	-45.83	-72.29	-12.67	-6.63
Interest & Investment Income	84.2	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)	36.92	-1.37	-1.28	-1.8	-1.35	-0.52
EBT Excluding Unusual Items	379.9	422.23	783.48	775.07	445.91	360.09
Gain (Loss) on Sale of Investments	13.99	6.55	-2.57	-7.55	2.65	8.36
Gain (Loss) on Sale of Assets	0.21	-0.23	-0.57	0.07	-0.14	0.2
Asset Writedown	10.53	-20.22	-	-0.13	-	-
Other Unusual Items	61.69	62.31	39.83	15.02	16.78	18.29
Pretax Income	466.33	470.63	820.18	782.49	465.2	387.01
Income Tax Expense	76.2	59.88	108.57	82.3	52.66	54.24
Earnings From Continuing Operations	390.13	410.74	711.61	700.18	412.54	332.77
Minority Interest in Earnings	3	5.51	2.5	1.07	0.69	0.04
Net Income	393.13	416.26	714.1	701.25	413.22	332.82
Net Income to Common	393.13	416.26	714.1	701.25	413.22	332.82
Net Income Growth	-16.74%	-41.71%	1.83%	69.70%	24.16%	61.10%
Shares Outstanding (Basic)	958	925	927	888	877	847
Shares Outstanding (Diluted)	958	925	927	888	877	847
Shares Change (YoY)	3.61%	-0.26%	4.48%	1.26%	3.48%	8.78%
EPS (Basic)	0.41	0.45	0.77	0.79	0.47	0.39
EPS (Diluted)	0.41	0.45	0.77	0.79	0.47	0.39
EPS Growth	-19.64%	-41.56%	-2.53%	67.59%	19.98%	48.10%
Free Cash Flow	205.83	648.05	-342.78	-886.27	-1,068	-58.03
Free Cash Flow Per Share	0.21	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	20.43%	19.65%	23.44%	23.52%	23.79%	32.67%
Operating Margin	9.28%	10.56%	15.42%	16.40%	15.06%	22.82%
Profit Margin	9.02%	9.44%	14.77%	15.75%	13.67%	20.45%
Free Cash Flow Margin	4.72%	14.70%	-7.09%	-19.90%	-35.34%	-3.57%
EBITDA	917.28	913.97	1,108	952.5	578.96	473.47
EBITDA Margin	21.04%	20.73%	22.91%	21.39%	19.15%	29.09%
D&A For EBITDA	512.86	448.32	362.27	221.99	123.75	102.01
EBIT	404.42	465.65	745.35	730.52	455.21	371.46
EBIT Margin	9.28%	10.56%	15.42%	16.40%	15.06%	22.82%
Effective Tax Rate	16.34%	12.72%	13.24%	10.52%	11.32%	14.01%
Revenue as Reported	4,360	4,409	4,834	4,454	3,023	1,628

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