Nantong Xingqiu Graphite Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	878.13	757.68	596.53	758.32	647.07	512.97
Other Revenue	48.74	48.74	36.11	12.45	4.17	1.55
Revenue	926.87	806.43	632.64	770.76	651.23	514.52
Revenue Growth (YoY)	44.25%	27.47%	-17.92%	18.35%	26.57%	-8.05%
Cost of Revenue	513.43	480.47	359.63	486.44	392.97	301.9
Gross Profit	413.45	325.96	273.01	284.33	258.26	212.62
Selling, General & Admin	79.08	68.86	57.02	67.22	62.01	53.11
Research & Development	45.9	45.67	39.95	48.01	48.72	41.69
Other Operating Expenses	4.72	3.24	4.01	4.79	5.51	4.74
Operating Expenses	140.29	125.83	104.31	126.76	116.31	98.42
Operating Income	273.16	200.12	168.7	157.57	141.96	114.2
Interest Expense	-28.02	-26.89	-26.14	-12.05	-0.44	-0.03
Interest & Investment Income	-	2.73	20.24	18.2	16.35	14
Currency Exchange Gain (Loss)	-0.42	-0.42	1.03	0.05	0.24	-0.05
Other Non Operating Income (Expenses)	-0.66	-0.65	-1.12	-0.38	-0.54	-0.07
EBT Excluding Unusual Items	244.05	174.89	162.71	163.39	157.56	128.05
Gain (Loss) on Sale of Investments	17.9	18.63	8.23	0.98	-1.52	1.69
Gain (Loss) on Sale of Assets	-0.89	0.41	-0.25	-0.27	-0.26	0.01
Asset Writedown	-0.51	-0	-	-	0.18	-0.18
Legal Settlements	-	-	-	-	-	-0.82
Other Unusual Items	0.66	0.67	-0.53	6.96	5.53	9.77
Pretax Income	261.22	194.61	170.16	171.06	161.49	138.53
Income Tax Expense	35.99	25.71	22.33	23.36	19.84	16.68
Earnings From Continuing Operations	225.23	168.9	147.83	147.7	141.65	121.85
Minority Interest in Earnings	0.28	0.13	0.19	-	-	-
Net Income	225.51	169.03	148.02	147.7	141.65	121.85
Net Income to Common	225.51	169.03	148.02	147.7	141.65	121.85
Net Income Growth	65.28%	14.20%	0.22%	4.26%	16.25%	-19.62%
Shares Outstanding (Basic)	145	144	145	146	144	133
Shares Outstanding (Diluted)	152	148	147	146	145	133
Shares Change (YoY)	4.24%	1.18%	0.22%	1.13%	8.38%	24.83%
EPS (Basic)	1.55	1.17	1.02	1.01	0.98	0.91
EPS (Diluted)	1.48	1.14	1.01	1.01	0.98	0.91
EPS Growth	58.56%	12.87%	-	3.10%	7.26%	-35.61%
Free Cash Flow	317.31	254.72	102.14	73.89	-125.46	-66.17
Free Cash Flow Per Share	2.08	1.72	0.70	0.51	-0.87	-0.50
Dividend Per Share	0.600	0.600	0.350	0.321	0.296	0.200
Dividend Growth	71.43%	71.43%	8.90%	8.62%	47.95%	-
Gross Margin	44.61%	40.42%	43.15%	36.89%	39.66%	41.32%
Operating Margin	29.47%	24.82%	26.67%	20.44%	21.80%	22.20%
Profit Margin	24.33%	20.96%	23.40%	19.16%	21.75%	23.68%
Free Cash Flow Margin	34.23%	31.59%	16.14%	9.59%	-19.27%	-12.86%
EBITDA	325.54	252.24	219.72	200.05	159.99	127.41
EBITDA Margin	35.12%	31.28%	34.73%	25.96%	24.57%	24.76%
D&A For EBITDA	52.39	52.11	51.03	42.49	18.03	13.21
EBIT	273.16	200.12	168.7	157.57	141.96	114.2
EBIT Margin	29.47%	24.82%	26.67%	20.44%	21.80%	22.20%
Effective Tax Rate	13.78%	13.21%	13.12%	13.66%	12.28%	12.04%
Revenue as Reported	926.87	806.43	632.64	770.76	651.23	514.52
Advertising Expenses	-	2.52	2.28	1.49	1.51	3.61

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