NINGBO HENGSHUAI Co., LTD. (SHE:300969)

SHE:300969 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	926.07	950.51	911.22	732.6	573.78	338.18
Other Revenue	11.78	11.78	12.15	6.15	10.67	2.94
Revenue	937.85	962.29	923.37	738.75	584.45	341.12
Revenue Growth (YoY)	-2.83%	4.21%	24.99%	26.40%	71.33%	3.06%
Cost of Revenue	643.43	628.93	597.99	499.06	386.23	211.87
Gross Profit	294.41	333.36	325.38	239.7	198.22	129.25
Selling, General & Admin	77.73	74.36	69.87	58.61	50.7	39.99
Research & Development	35.25	33.76	29.84	27.75	20.35	12.48
Other Operating Expenses	5.77	6.98	5.24	6.04	3.84	3.08
Operating Expenses	119.95	114.91	108.67	94.58	78.28	56.54
Operating Income	174.46	218.45	216.71	145.11	119.94	72.72
Interest Expense	-0.02	-0.08	-0.13	-0.13	-0.02	-
Interest & Investment Income	10.63	16.52	13.21	12.74	6.04	1.26
Currency Exchange Gain (Loss)	4.39	4.39	2.04	3.26	-1.48	-1.61
Other Non Operating Income (Expenses)	5.56	-0.22	-2.04	-1.26	-0.62	-0.35
EBT Excluding Unusual Items	195.02	239.06	229.78	159.72	123.86	72.02
Gain (Loss) on Sale of Investments	5.23	3.86	0.99	-1.13	3.76	1.07
Gain (Loss) on Sale of Assets	-0.01	-0.41	-0.08	0.09	0.03	-0.02
Asset Writedown	0.02	-	-0	-	-	-
Other Unusual Items	5.31	5.54	4.18	6.82	5.9	3.84
Pretax Income	205.56	248.05	234.88	165.5	133.55	76.91
Income Tax Expense	26.3	34.34	32.78	19.97	17.96	10.55
Net Income	179.26	213.71	202.1	145.53	115.6	66.36
Net Income to Common	179.26	213.71	202.1	145.53	115.6	66.36
Net Income Growth	-16.84%	5.75%	38.87%	25.90%	74.21%	1.73%
Shares Outstanding (Basic)	112	112	112	112	102	84
Shares Outstanding (Diluted)	112	112	112	112	102	84
Shares Change (YoY)	-0.66%	0.20%	-0.10%	9.30%	22.39%	-0.11%
EPS (Basic)	1.60	1.91	1.81	1.30	1.13	0.79
EPS (Diluted)	1.60	1.91	1.81	1.30	1.13	0.79
EPS Growth	-16.29%	5.53%	39.01%	15.19%	42.34%	1.84%
Free Cash Flow	153.56	134.44	103.55	42.51	-46.28	5.45
Free Cash Flow Per Share	1.37	1.20	0.93	0.38	-0.45	0.07
Dividend Per Share	0.286	0.286	0.286	0.179	0.179	0.179
Dividend Growth	-	-	59.97%	-	-	-
Gross Margin	31.39%	34.64%	35.24%	32.45%	33.92%	37.89%
Operating Margin	18.60%	22.70%	23.47%	19.64%	20.52%	21.32%
Profit Margin	19.11%	22.21%	21.89%	19.70%	19.78%	19.45%
Free Cash Flow Margin	16.37%	13.97%	11.21%	5.75%	-7.92%	1.60%
EBITDA	212.5	253.48	247.71	168.06	138.11	86.95
EBITDA Margin	22.66%	26.34%	26.83%	22.75%	23.63%	25.49%
D&A For EBITDA	38.05	35.03	31.01	22.94	18.17	14.23
EBIT	174.46	218.45	216.71	145.11	119.94	72.72
EBIT Margin	18.60%	22.70%	23.47%	19.64%	20.52%	21.32%
Effective Tax Rate	12.80%	13.84%	13.96%	12.07%	13.45%	13.72%
Revenue as Reported	258.19	962.29	923.37	738.75	584.45	341.12

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