Ningbo Color Master Batch 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	485.97	464.78	486.02	442.53	456.75	487.39
Other Revenue	4.08	4.08	7.07	8.7	7.39	4.95
Revenue	490.05	468.86	493.08	451.23	464.15	492.34
Revenue Growth (YoY)	0.90%	-4.91%	9.28%	-2.78%	-5.73%	14.62%
Cost of Revenue	307.37	294.93	329.17	293.34	325.15	322.06
Gross Profit	182.68	173.94	163.91	157.89	139	170.28
Selling, General & Admin	45.17	44.78	39.5	38.92	32.95	34.77
Research & Development	17.65	17.44	19.78	18.01	17.59	16.85
Other Operating Expenses	3.32	2.51	1.69	2.04	3.3	3.72
Operating Expenses	66.51	65.11	68.4	59.96	54.44	55.89
Operating Income	116.17	108.83	95.51	97.93	84.56	114.39
Interest Expense	-0.16	-0.16	-0.01	-0.1	-0.05	-0.1
Interest & Investment Income	14.65	15.18	17.33	15.95	16.02	5.37
Currency Exchange Gain (Loss)	-0.02	-0.02	0	0	0.01	-0
Other Non Operating Income (Expenses)	-1.58	-0.12	-0.14	0.23	-0.28	-0.17
EBT Excluding Unusual Items	129.05	123.7	112.68	114.02	100.26	119.49
Gain (Loss) on Sale of Assets	0.21	0.2	0.46	0.1	0.06	-0.11
Asset Writedown	-0.13	-	-	-0.1	-	-
Other Unusual Items	3.04	3.04	2.15	3.35	14.25	5.88
Pretax Income	132.17	126.93	115.28	117.37	114.57	125.26
Income Tax Expense	18.08	16.97	14.78	15.43	14.11	16.38
Net Income	114.09	109.96	100.5	101.94	100.47	108.88
Net Income to Common	114.09	109.96	100.5	101.94	100.47	108.88
Net Income Growth	7.82%	9.41%	-1.41%	1.47%	-7.73%	4.29%
Shares Outstanding (Basic)	163	197	201	201	201	176
Shares Outstanding (Diluted)	163	197	201	201	201	176
Shares Change (YoY)	-19.26%	-2.02%	0.22%	-0.29%	14.24%	16.31%
EPS (Basic)	0.70	0.56	0.50	0.51	0.50	0.62
EPS (Diluted)	0.70	0.56	0.50	0.51	0.50	0.62
EPS Growth	33.54%	11.66%	-1.63%	1.76%	-19.23%	-10.34%
Free Cash Flow	77.92	64.4	6.67	62.77	61.63	105.77
Free Cash Flow Per Share	0.48	0.33	0.03	0.31	0.31	0.60
Dividend Per Share	0.650	0.542	0.500	0.333	0.238	0.198
Dividend Growth	30.00%	8.34%	50.02%	40.16%	19.98%	-
Gross Margin	37.28%	37.10%	33.24%	34.99%	29.95%	34.59%
Operating Margin	23.71%	23.21%	19.37%	21.70%	18.22%	23.23%
Profit Margin	23.28%	23.45%	20.38%	22.59%	21.64%	22.12%
Free Cash Flow Margin	15.90%	13.74%	1.35%	13.91%	13.28%	21.48%
EBITDA	130.02	122.8	110	111.77	96.15	124.32
EBITDA Margin	26.53%	26.19%	22.31%	24.77%	20.72%	25.25%
D&A For EBITDA	13.85	13.98	14.49	13.83	11.59	9.93
EBIT	116.17	108.83	95.51	97.93	84.56	114.39
EBIT Margin	23.71%	23.21%	19.37%	21.70%	18.22%	23.23%
Effective Tax Rate	13.68%	13.37%	12.82%	13.14%	12.31%	13.08%
Revenue as Reported	468.86	468.86	493.08	451.23	464.15	492.34