North Chemical Industries 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	2,816	2,740	1,940	2,152	2,552	2,626
Other Revenue	10.63	10.63	7.08	7.67	6.94	7.64
Revenue	2,827	2,750	1,947	2,159	2,559	2,633
Revenue Growth (YoY)	34.99%	41.26%	-9.83%	-15.61%	-2.84%	11.66%
Cost of Revenue	1,981	1,963	1,600	1,710	2,091	2,132
Gross Profit	845.26	787.5	347.33	449.64	467.23	501.86
Selling, General & Admin	353.42	352.21	317.43	339.33	309.33	287.92
Research & Development	139.07	141.92	115.55	83.1	117.19	110.36
Other Operating Expenses	23.59	21.85	15.07	17.51	16.3	15.84
Operating Expenses	523.27	523.18	455.68	461.95	439.33	415.58
Operating Income	321.99	264.33	-108.34	-12.32	27.89	86.28
Interest Expense	-3.54	-3.54	-4.07	-3.61	-4.68	-3.33
Interest & Investment Income	28.25	28.25	32.12	36.66	35.34	37.1
Currency Exchange Gain (Loss)	-7.47	-7.47	6.23	3.67	16.33	-1.65
Other Non Operating Income (Expenses)	-13.16	-0.57	-0.7	-0.62	-0.66	-0.57
EBT Excluding Unusual Items	326.23	281	-74.78	23.79	74.22	117.83
Gain (Loss) on Sale of Investments	1.56	2.59	0.87	-	-	-
Gain (Loss) on Sale of Assets	-1.53	-0.93	11.91	-1.44	-2.55	1.66
Asset Writedown	-0.24	-6.99	-2.64	-1.93	-0.02	-45.14
Other Unusual Items	31.53	31.53	31.07	28.36	23.52	33.33
Pretax Income	357.55	307.21	-33.57	48.78	95.16	107.69
Income Tax Expense	62.69	55.32	1.89	-3.65	6.03	11.52
Earnings From Continuing Operations	294.86	251.89	-35.45	52.43	89.13	96.17
Minority Interest in Earnings	10.97	11.13	7.15	3.08	4.14	25.36
Net Income	305.84	263.02	-28.31	55.51	93.27	121.53
Net Income to Common	305.84	263.02	-28.31	55.51	93.27	121.53
Net Income Growth	2381.70%	-	-	-40.48%	-23.26%	34.77%
Shares Outstanding (Basic)	548	548	566	555	549	552
Shares Outstanding (Diluted)	548	548	566	555	549	552
Shares Change (YoY)	-3.29%	-3.21%	1.98%	1.19%	-0.69%	-1.99%
EPS (Basic)	0.56	0.48	-0.05	0.10	0.17	0.22
EPS (Diluted)	0.56	0.48	-0.05	0.10	0.17	0.22
EPS Growth	2466.18%	-	-	-41.18%	-22.73%	37.50%
Free Cash Flow	160.09	220.36	21.37	-162.18	-27.89	61.78
Free Cash Flow Per Share	0.29	0.40	0.04	-0.29	-0.05	0.11
Dividend Per Share	0.060	0.060	0.040	0.050	0.050	0.045
Dividend Growth	50.00%	50.00%	-20.00%	-	11.11%	12.50%
Gross Margin	29.90%	28.63%	17.84%	20.82%	18.26%	19.06%
Operating Margin	11.39%	9.61%	-5.56%	-0.57%	1.09%	3.28%
Profit Margin	10.82%	9.56%	-1.45%	2.57%	3.65%	4.61%
Free Cash Flow Margin	5.66%	8.01%	1.10%	-7.51%	-1.09%	2.35%
EBITDA	413.33	360.79	8.58	92.91	121.43	183.58
EBITDA Margin	14.62%	13.12%	0.44%	4.30%	4.75%	6.97%
D&A For EBITDA	91.34	96.46	116.92	105.22	93.54	97.3
EBIT	321.99	264.33	-108.34	-12.32	27.89	86.28
EBIT Margin	11.39%	9.61%	-5.56%	-0.57%	1.09%	3.28%
Effective Tax Rate	17.53%	18.01%	-	-	6.33%	10.69%
Revenue as Reported	2,750	2,750	1,947	2,159	2,559	2,633
Advertising Expenses	-	0.23	0.25	-	-	-

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