Wuxi NCE Power 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	1,851	1,821	1,471	1,805	1,507	953.34
Other Revenue	7.58	7.58	5.72	6.04	3.87	1.65
Revenue	1,858	1,828	1,477	1,811	1,511	954.99
Revenue Growth (YoY)	7.53%	23.83%	-18.46%	19.87%	58.19%	23.62%
Cost of Revenue	1,252	1,199	1,057	1,151	922.49	714.64
Gross Profit	606.56	629.02	420.01	660.22	588.24	240.35
Selling, General & Admin	89.35	80.08	62.18	107.84	51.64	37.95
Research & Development	115.51	103.75	87.31	100.71	75.22	51.73
Other Operating Expenses	3.47	-0.14	5.84	6.7	8.67	4.37
Operating Expenses	208.9	189.65	156.49	216.19	138.29	93.88
Operating Income	397.66	439.37	263.51	444.04	449.95	146.47
Interest & Investment Income	32.38	41.51	58.62	35.26	20.13	7.11
Currency Exchange Gain (Loss)	0.69	0.69	0.36	2.39	-0.73	-0.85
Other Non Operating Income (Expenses)	1.36	0.06	-0.82	-2.07	-0.41	-0.13
EBT Excluding Unusual Items	432.09	481.62	321.67	479.61	468.94	152.6
Impairment of Goodwill	-14.61	-14.61	-	-	-	-
Gain (Loss) on Sale of Investments	36.38	15.63	10.66	13.37	-	-
Gain (Loss) on Sale of Assets	-0	0.12	0.15	0.11	0.2	0.02
Asset Writedown	26.63	-	-	-	-	-
Other Unusual Items	13.84	6.11	16.89	13.99	8.25	5.35
Pretax Income	494.32	488.87	349.37	507.08	477.39	157.97
Income Tax Expense	60.44	57.82	31.62	72.46	60.98	18.61
Earnings From Continuing Operations	433.88	431.05	317.75	434.62	416.41	139.35
Minority Interest in Earnings	3	3.53	5.37	0.56	-	-
Net Income	436.89	434.58	323.12	435.18	416.41	139.35
Net Income to Common	436.89	434.58	323.12	435.18	416.41	139.35
Net Income Growth	-0.80%	34.49%	-25.75%	4.51%	198.81%	41.89%
Shares Outstanding (Basic)	412	414	414	401	389	316
Shares Outstanding (Diluted)	412	414	414	401	389	316
Shares Change (YoY)	-0.86%	-0.09%	3.35%	3.13%	22.99%	8.05%
EPS (Basic)	1.06	1.05	0.78	1.09	1.07	0.44
EPS (Diluted)	1.06	1.05	0.78	1.09	1.07	0.44
EPS Growth	0.06%	34.62%	-28.16%	1.33%	142.95%	31.33%
Free Cash Flow	327.72	209.83	283.96	186.85	304.66	21.99
Free Cash Flow Per Share	0.80	0.51	0.69	0.47	0.78	0.07
Dividend Per Share	0.065	0.118	0.156	0.209	0.210	0.108
Dividend Growth	-68.88%	-24.39%	-25.12%	-0.48%	94.07%	-
Gross Margin	32.64%	34.40%	28.44%	36.46%	38.94%	25.17%
Operating Margin	21.40%	24.03%	17.85%	24.52%	29.78%	15.34%
Profit Margin	23.51%	23.77%	21.88%	24.03%	27.56%	14.59%
Free Cash Flow Margin	17.64%	11.48%	19.23%	10.32%	20.17%	2.30%
EBITDA	426.87	468.07	291.54	468.97	464.26	156.18
EBITDA Margin	22.97%	25.60%	19.74%	25.90%	30.73%	16.36%
D&A For EBITDA	29.21	28.71	28.03	24.94	14.3	9.72
EBIT	397.66	439.37	263.51	444.04	449.95	146.47
EBIT Margin	21.40%	24.03%	17.85%	24.52%	29.78%	15.34%
Effective Tax Rate	12.23%	11.83%	9.05%	14.29%	12.77%	11.78%
Revenue as Reported	1,858	1,828	1,477	1,811	1,511	954.99

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