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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,973	2,122	1,888	1,813	2,027	1,150
Other Revenue	73.53	95.89	144.39	88.19	104.04	83.41
Revenue	2,047	2,218	2,032	1,901	2,131	1,233
Revenue Growth (YoY)	0.10%	9.16%	6.90%	-10.81%	72.80%	-18.92%
Cost of Revenue	1,462	1,603	1,480	1,390	1,596	1,109
Gross Profit	584.74	615.07	552.2	510.84	535.38	124.55
Selling, General & Admin	342.99	359.86	358.01	340.48	375.24	345.3
Research & Development	60	60.27	78.23	86.57	76.45	66.72
Other Operating Expenses	13.19	8.26	8.31	19.54	15.46	15.52
Operating Expenses	412.98	418.25	463.73	457.97	495.15	429.91
Operating Income	171.76	196.82	88.47	52.87	40.23	-305.37
Interest Expense	-52.82	-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)	3.32	4.09	-1.1	21.34	1.8	-6.63
Other Non Operating Income (Expenses)	-18.46	-25.66	-13.9	-6.43	1.07	-2.17
EBT Excluding Unusual Items	103.81	307.93	113.35	61.21	59.93	-278.63
Impairment of Goodwill	-	-	-	-	-	-220.55
Gain (Loss) on Sale of Investments	-1.04	0.03	-0.11	-	0.01	2.35
Gain (Loss) on Sale of Assets	0.82	1.69	2.99	3.67	0.12	1.1
Asset Writedown	-1.69	-0.8	-8.42	-1.2	-2.81	-68.06
Legal Settlements	-	-	-	-	-4.87	-7
Other Unusual Items	6.37	4.84	5.35	28.75	10.54	14.44
Pretax Income	108.27	313.69	113.17	92.43	62.9	-556.35
Income Tax Expense	17.24	23.1	3.7	15.36	-10.51	2.65
Earnings From Continuing Operations	91.03	290.59	109.47	77.07	73.42	-559
Minority Interest in Earnings	14.27	-6.75	4.6	14.2	14.76	31.91
Net Income	105.3	283.84	114.07	91.26	88.17	-527.09
Net Income to Common	105.3	283.84	114.07	91.26	88.17	-527.09
Net Income Growth	-65.21%	148.82%	24.99%	3.51%	-	-
Shares Outstanding (Basic)	800	788	760	761	802	787
Shares Outstanding (Diluted)	800	788	760	761	802	787
Shares Change (YoY)	5.68%	3.68%	-0.01%	-5.12%	1.89%	-1.92%
EPS (Basic)	0.13	0.36	0.15	0.12	0.11	-0.67
EPS (Diluted)	0.13	0.36	0.15	0.12	0.11	-0.67
EPS Growth	-67.08%	140.00%	25.00%	9.09%	-	-
Free Cash Flow	45.06	126.44	86.32	-85.91	-192.42	-148.76
Free Cash Flow Per Share	0.06	0.16	0.11	-0.11	-0.24	-0.19
Dividend Per Share	0.100	0.200	-	-	-	-
Gross Margin	28.57%	27.73%	27.18%	26.87%	25.12%	10.10%
Operating Margin	8.39%	8.87%	4.35%	2.78%	1.89%	-24.76%
Profit Margin	5.15%	12.80%	5.61%	4.80%	4.14%	-42.74%
Free Cash Flow Margin	2.20%	5.70%	4.25%	-4.52%	-9.03%	-12.06%
EBITDA	251.57	271.77	169.19	138.33	127.39	-216
EBITDA Margin	12.29%	12.25%	8.33%	7.28%	5.98%	-17.51%
D&A For EBITDA	79.81	74.94	80.71	85.46	87.16	89.37
EBIT	171.76	196.82	88.47	52.87	40.23	-305.37
EBIT Margin	8.39%	8.87%	4.35%	2.78%	1.89%	-24.76%
Effective Tax Rate	15.92%	7.36%	3.27%	16.62%	-	-
Revenue as Reported	2,047	2,218	2,032	1,901	2,131	1,233

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