Ningbo Solartron Technology Co.,Ltd. (SHA:688299)

SHA:688299 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	999.48	1,194	1,146	1,097	1,232	1,024
Other Revenue	142.43	142.43	107.49	56.04	64.19	20.61
Revenue	1,142	1,336	1,253	1,153	1,297	1,045
Revenue Growth (YoY)	-14.12%	6.62%	8.70%	-11.08%	24.08%	14.81%
Cost of Revenue	860.05	1,062	946.01	877.95	903.27	680.34
Gross Profit	281.86	274.52	307.33	275.1	393.42	364.71
Selling, General & Admin	186.41	166.55	152.69	119.95	115.63	112.27
Research & Development	58.03	61.57	68.73	51.97	78.47	52.76
Other Operating Expenses	8.5	12.23	14.5	8.81	6.66	8.65
Operating Expenses	254.09	244.01	241.63	188.02	211.17	177.47
Operating Income	27.78	30.51	65.7	87.08	182.25	187.24
Interest Expense	-15.53	-16.96	-4.43	-1.22	-0.47	-3.61
Interest & Investment Income	5.93	6.15	10.58	2.91	17.4	19.46
Currency Exchange Gain (Loss)	5.72	5.72	6.82	34.68	-6.31	-15.71
Other Non Operating Income (Expenses)	-10.5	-0.51	-2.35	-1.8	-1.05	-0.64
EBT Excluding Unusual Items	13.41	24.92	76.31	121.65	191.82	186.74
Gain (Loss) on Sale of Investments	-2.87	-2.09	-	-3.09	0.36	-
Gain (Loss) on Sale of Assets	-0.37	-0.58	0.2	0.01	-0.13	-0.38
Asset Writedown	-59.76	-41.1	-0.08	-2.18	-	-1.64
Other Unusual Items	11.07	11.07	38.88	18	10.22	19.95
Pretax Income	-38.53	-7.78	115.31	134.4	202.27	204.67
Income Tax Expense	14.76	21.65	19.89	20.97	15.48	27.69
Net Income	-53.29	-29.44	95.42	113.43	186.79	176.98
Net Income to Common	-53.29	-29.44	95.42	113.43	186.79	176.98
Net Income Growth	-	-	-15.88%	-39.27%	5.54%	23.69%
Shares Outstanding (Basic)	296	294	281	284	283	281
Shares Outstanding (Diluted)	296	294	281	284	287	281
Shares Change (YoY)	12.53%	4.89%	-1.03%	-1.32%	2.30%	25.66%
EPS (Basic)	-0.18	-0.10	0.34	0.40	0.66	0.63
EPS (Diluted)	-0.18	-0.10	0.34	0.40	0.65	0.63
EPS Growth	-	-	-15.00%	-38.46%	3.17%	-1.56%
Free Cash Flow	69.95	-116.03	-411.6	-368.83	-16.23	51.84
Free Cash Flow Per Share	0.24	-0.39	-1.47	-1.30	-0.06	0.18
Dividend Per Share	-	-	0.050	0.050	0.100	0.100
Dividend Growth	-	-	-	-50.00%	-	-37.50%
Gross Margin	24.68%	20.54%	24.52%	23.86%	30.34%	34.90%
Operating Margin	2.43%	2.28%	5.24%	7.55%	14.06%	17.92%
Profit Margin	-4.67%	-2.20%	7.61%	9.84%	14.41%	16.93%
Free Cash Flow Margin	6.13%	-8.68%	-32.84%	-31.99%	-1.25%	4.96%
EBITDA	162.97	143.54	149.18	153.17	237.54	232.2
EBITDA Margin	14.27%	10.74%	11.90%	13.28%	18.32%	22.22%
D&A For EBITDA	135.19	113.03	83.48	66.09	55.29	44.96
EBIT	27.78	30.51	65.7	87.08	182.25	187.24
EBIT Margin	2.43%	2.28%	5.24%	7.55%	14.06%	17.92%
Effective Tax Rate	-	-	17.25%	15.60%	7.66%	13.53%
Revenue as Reported	1,142	1,336	1,253	1,153	1,297	1,045

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