Ningbo Ronbay New Energy Technology Co.,Ltd. (SHA:688005)

SHA:688005 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	13,872	14,464	21,113	27,379	9,729	3,640
Other Revenue	576.77	623.95	1,545	2,744	530.22	154.83
Revenue	14,448	15,088	22,657	30,123	10,259	3,795
Revenue Growth (YoY)	-13.23%	-33.41%	-24.78%	193.63%	170.36%	-9.43%
Cost of Revenue	13,032	13,630	20,966	27,367	8,687	3,361
Gross Profit	1,417	1,457	1,691	2,755	1,572	433.97
Selling, General & Admin	508.86	492.78	462.34	483.95	309.59	119.61
Research & Development	464.28	424.16	354.24	486.55	359.5	146.04
Other Operating Expenses	31.43	-8.89	-32.83	58.35	20.33	8.9
Operating Expenses	992.99	918.73	789.6	1,046	616.55	225.84
Operating Income	423.75	538.45	901.46	1,709	955.31	208.13
Interest Expense	-176.82	-182.27	-148.68	-85.95	-10.77	-4.05
Interest & Investment Income	56.15	78.65	97.29	71.99	44.66	36.59
Currency Exchange Gain (Loss)	30.28	-6.96	-10.46	17.53	-1.92	-3.44
Other Non Operating Income (Expenses)	1.26	-10.58	-11.89	-20.57	-9.11	-1.93
EBT Excluding Unusual Items	334.62	417.29	827.72	1,692	978.16	235.3
Impairment of Goodwill	-15.96	-15.96	-	-	-	-
Gain (Loss) on Sale of Investments	7.11	-	-155.56	-115.32	10.91	0.38
Gain (Loss) on Sale of Assets	-0.6	-0.32	-0.22	-0.1	-1.71	-1.72
Asset Writedown	-9.33	-9.33	-3.61	-28.3	-7.79	-3.98
Other Unusual Items	27.37	38.12	104.93	33.99	33.1	3.36
Pretax Income	343.22	429.8	773.26	1,583	1,013	233.34
Income Tax Expense	72.02	101.15	145.67	208.25	104.44	24.05
Earnings From Continuing Operations	271.2	328.65	627.59	1,374	908.24	209.29
Minority Interest in Earnings	-53.96	-32.74	-46.68	-21.09	2.8	3.78
Net Income	217.24	295.91	580.91	1,353	911.04	213.06
Net Income to Common	217.24	295.91	580.91	1,353	911.04	213.06
Net Income Growth	2.52%	-49.06%	-57.07%	48.54%	327.59%	143.73%
Shares Outstanding (Basic)	533	705	683	672	659	661
Shares Outstanding (Diluted)	533	705	683	679	675	661
Shares Change (YoY)	-38.14%	3.09%	0.67%	0.53%	2.10%	6.62%
EPS (Basic)	0.41	0.42	0.85	2.01	1.38	0.32
EPS (Diluted)	0.41	0.42	0.85	1.99	1.35	0.32
EPS Growth	65.72%	-50.59%	-57.36%	47.76%	318.81%	128.60%
Free Cash Flow	649.5	-1,252	158.47	-3,332	-2,096	393.44
Free Cash Flow Per Share	1.22	-1.78	0.23	-4.91	-3.10	0.59
Dividend Per Share	0.370	0.370	0.203	0.203	0.138	0.060
Dividend Growth	81.91%	81.91%	0.34%	47.31%	127.81%	-
Gross Margin	9.81%	9.66%	7.46%	9.15%	15.32%	11.44%
Operating Margin	2.93%	3.57%	3.98%	5.67%	9.31%	5.49%
Profit Margin	1.50%	1.96%	2.56%	4.49%	8.88%	5.62%
Free Cash Flow Margin	4.50%	-8.30%	0.70%	-11.06%	-20.43%	10.37%
EBITDA	1,110	1,145	1,335	2,023	1,133	346.21
EBITDA Margin	7.69%	7.59%	5.89%	6.72%	11.05%	9.12%
D&A For EBITDA	686.56	606.28	433.64	313.85	177.94	138.08
EBIT	423.75	538.45	901.46	1,709	955.31	208.13
EBIT Margin	2.93%	3.57%	3.98%	5.67%	9.31%	5.49%
Effective Tax Rate	20.98%	23.53%	18.84%	13.16%	10.31%	10.31%
Revenue as Reported	14,448	15,088	22,657	30,123	-	3,795

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