Ningbo Cixing Co.,Ltd. (SHE:300307)

Ningbo Cixing 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,827	2,122	1,888	1,813	2,027	1,150
Other Revenue	95.89	95.89	144.39	88.19	104.04	83.41
Revenue	1,923	2,218	2,032	1,901	2,131	1,233
Revenue Growth (YoY)	-8.26%	9.16%	6.90%	-10.81%	72.80%	-18.92%
Cost of Revenue	1,393	1,603	1,480	1,390	1,596	1,109
Gross Profit	529.92	615.07	552.2	510.84	535.38	124.55
Selling, General & Admin	334.94	359.86	358.01	340.48	375.24	345.3
Research & Development	46.79	60.27	78.23	86.57	76.45	66.72
Other Operating Expenses	24.82	8.26	8.31	19.54	15.46	15.52
Operating Expenses	396.36	418.25	463.73	457.97	495.15	429.91
Operating Income	133.56	196.82	88.47	52.87	40.23	-305.37
Interest Expense	-25.5	-4.17	-15.04	-25.42	-11.27	-6.29
Interest & Investment Income	-	136.84	54.91	18.84	28.1	41.82
Currency Exchange Gain (Loss)	4.09	4.09	-1.1	21.34	1.8	-6.63
Other Non Operating Income (Expenses)	-21.24	-25.66	-13.9	-6.43	1.07	-2.17
EBT Excluding Unusual Items	90.91	307.93	113.35	61.21	59.93	-278.63
Impairment of Goodwill	-	-	-	-	-	-220.55
Gain (Loss) on Sale of Investments	-5.11	0.03	-0.11	-	0.01	2.35
Gain (Loss) on Sale of Assets	1.17	1.69	2.99	3.67	0.12	1.1
Asset Writedown	7.91	-0.8	-8.42	-1.2	-2.81	-68.06
Legal Settlements	-	-	-	-	-4.87	-7
Other Unusual Items	8.5	4.84	5.35	28.75	10.54	14.44
Pretax Income	103.37	313.69	113.17	92.43	62.9	-556.35
Income Tax Expense	19.17	23.1	3.7	15.36	-10.51	2.65
Earnings From Continuing Operations	84.2	290.59	109.47	77.07	73.42	-559
Minority Interest in Earnings	11.7	-6.75	4.6	14.2	14.76	31.91
Net Income	95.89	283.84	114.07	91.26	88.17	-527.09
Net Income to Common	95.89	283.84	114.07	91.26	88.17	-527.09
Net Income Growth	-68.69%	148.82%	24.99%	3.51%	-	-
Shares Outstanding (Basic)	801	788	760	761	802	787
Shares Outstanding (Diluted)	801	788	760	761	802	787
Shares Change (YoY)	4.03%	3.68%	-0.01%	-5.12%	1.89%	-1.92%
EPS (Basic)	0.12	0.36	0.15	0.12	0.11	-0.67
EPS (Diluted)	0.12	0.36	0.15	0.12	0.11	-0.67
EPS Growth	-69.91%	140.00%	25.00%	9.09%	-	-
Free Cash Flow	70.4	126.44	86.32	-85.91	-192.42	-148.76
Free Cash Flow Per Share	0.09	0.16	0.11	-0.11	-0.24	-0.19
Dividend Per Share	0.100	0.200	-	-	-	-
Gross Margin	27.56%	27.73%	27.18%	26.87%	25.12%	10.10%
Operating Margin	6.94%	8.87%	4.35%	2.78%	1.89%	-24.76%
Profit Margin	4.99%	12.80%	5.61%	4.80%	4.14%	-42.74%
Free Cash Flow Margin	3.66%	5.70%	4.25%	-4.52%	-9.03%	-12.06%
EBITDA	204.17	271.77	169.19	138.33	127.39	-216
EBITDA Margin	10.62%	12.25%	8.33%	7.28%	5.98%	-17.51%
D&A For EBITDA	70.61	74.94	80.71	85.46	87.16	89.37
EBIT	133.56	196.82	88.47	52.87	40.23	-305.37
EBIT Margin	6.94%	8.87%	4.35%	2.78%	1.89%	-24.76%
Effective Tax Rate	18.55%	7.36%	3.27%	16.62%	-	-
Revenue as Reported	1,923	2,218	2,032	1,901	2,131	1,233

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.