Ningbo Shanshan Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	20,045	18,520	18,896	21,348	20,363	8,107
Other Revenue	159.94	159.94	174.28	353.15	335.88	108.82
Revenue	20,205	18,680	19,070	21,702	20,699	8,216
Revenue Growth (YoY)	14.51%	-2.05%	-12.13%	4.84%	151.94%	-5.35%
Cost of Revenue	17,128	16,045	16,205	16,555	15,548	6,808
Gross Profit	3,077	2,635	2,865	5,147	5,151	1,408
Selling, General & Admin	842.15	907.9	896	994.35	858.74	723.45
Research & Development	1,107	1,037	868.3	952.57	715.63	392.96
Other Operating Expenses	162.29	-10.79	41.57	86.57	65.01	38.18
Operating Expenses	2,160	2,008	1,860	2,019	1,866	1,221
Operating Income	916.75	626.51	1,005	3,128	3,285	186.33
Interest Expense	-570.88	-573.78	-541.13	-634.22	-634.34	-294.18
Interest & Investment Income	41.26	68.4	391.82	1,008	2,436	427.62
Currency Exchange Gain (Loss)	-1.95	-1.95	-11.09	-174.71	-19.69	-17.8
Other Non Operating Income (Expenses)	21.86	-13.46	-24.98	-34.24	-71.11	-65.83
EBT Excluding Unusual Items	407.03	105.7	819.56	3,293	4,996	236.14
Impairment of Goodwill	-50.91	-50.91	-128.04	-	-	-1.36
Gain (Loss) on Sale of Investments	-736.94	-826.49	-38.09	-1.95	-53.41	-11.67
Gain (Loss) on Sale of Assets	397.53	396.37	-29.24	-6.13	-24.39	-3.9
Asset Writedown	-184.02	-19.01	-35.4	-76.47	-326	-53.96
Other Unusual Items	201.31	120.07	399.73	180.25	81.96	97.6
Pretax Income	34	-274.29	988.51	3,395	4,674	262.85
Income Tax Expense	77.8	45.44	223.69	569.68	1,104	57.72
Earnings From Continuing Operations	-43.8	-319.73	764.82	2,825	3,570	205.13
Minority Interest in Earnings	-62.95	-47.41	0.52	-134.14	-230.63	-67.13
Net Income	-106.75	-367.14	765.34	2,691	3,340	138
Net Income to Common	-106.75	-367.14	765.34	2,691	3,340	138
Net Income Growth	-	-	-71.56%	-19.42%	2320.00%	-48.85%
Shares Outstanding (Basic)	2,201	2,172	2,187	2,188	1,637	1,417
Shares Outstanding (Diluted)	2,201	2,172	2,187	2,189	1,637	1,417
Shares Change (YoY)	-8.81%	-0.66%	-0.12%	33.75%	15.47%	-12.93%
EPS (Basic)	-0.05	-0.17	0.35	1.23	2.04	0.10
EPS (Diluted)	-0.05	-0.17	0.35	1.23	2.04	0.10
EPS Growth	-	-	-71.55%	-39.71%	2003.11%	-41.39%
Free Cash Flow	619.93	-1,966	-6,162	-3,798	-1,743	-314.16
Free Cash Flow Per Share	0.28	-0.91	-2.82	-1.74	-1.06	-0.22
Dividend Per Share	-	-	0.200	0.300	0.330	0.090
Dividend Growth	-	-	-33.33%	-9.09%	266.67%	8.70%
Gross Margin	15.23%	14.11%	15.03%	23.72%	24.88%	17.13%
Operating Margin	4.54%	3.35%	5.27%	14.41%	15.87%	2.27%
Profit Margin	-0.53%	-1.97%	4.01%	12.40%	16.13%	1.68%
Free Cash Flow Margin	3.07%	-10.52%	-32.31%	-17.50%	-8.42%	-3.82%
EBITDA	2,415	1,972	2,147	4,202	4,258	731.72
EBITDA Margin	11.95%	10.56%	11.26%	19.36%	20.57%	8.91%
D&A For EBITDA	1,498	1,346	1,142	1,074	972.61	545.39
EBIT	916.75	626.51	1,005	3,128	3,285	186.33
EBIT Margin	4.54%	3.35%	5.27%	14.41%	15.87%	2.27%
Effective Tax Rate	228.84%	-	22.63%	16.78%	23.62%	21.96%
Revenue as Reported	20,205	18,680	19,070	21,702	20,699	8,216

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