NAMI 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	416.95	406.4	379.82	236.44	248.09
Revenue Growth (YoY)	2.23%	7.00%	60.64%	-4.70%	-
Cost of Revenue	336.85	289.46	220.05	139.19	169.61
Gross Profit	80.11	116.94	159.77	97.26	78.48
Selling, General & Admin	49.89	43.22	44.38	27.13	110.58
Research & Development	58.97	46.61	35.33	26.36	38.23
Operating Expenses	108.86	89.83	79.72	53.49	148.81
Operating Income	-28.75	27.11	80.05	43.77	-70.33
Interest Expense	-	-	-	-0.2	-0.22
Interest & Investment Income	1.87	1.78	1.61	1.14	0.71
Earnings From Equity Investments	2.88	0.58	-0.38	0.02	-1.18
Currency Exchange Gain (Loss)	-1.36	0.21	0.06	7.23	-4.57
Other Non Operating Income (Expenses)	1.3	0.87	2.17	3.12	-2.11
Pretax Income	-24.07	30.56	83.51	55.08	-77.69
Income Tax Expense	-0.02	-	0.02	-	-
Earnings From Continuing Operations	-24.05	30.56	83.49	55.08	-77.69
Minority Interest in Earnings	-3.6	-10.29	-13	-2.32	-2.42
Net Income	-27.65	20.27	70.5	52.76	-80.11
Net Income to Common	-27.65	20.27	70.5	52.76	-80.11
Net Income Growth	-	-71.25%	33.61%	-	-
Shares Outstanding (Basic)	47	26	23	23	67
Shares Outstanding (Diluted)	47	29	26	26	67
Shares Change (YoY)	80.38%	10.61%	-	-61.31%	-
EPS (Basic)	-0.59	0.78	3.04	2.28	-1.20
EPS (Diluted)	-0.67	0.72	2.70	1.98	-1.20
EPS Growth	-	-73.33%	36.36%	-	-
Free Cash Flow	-	24.61	56.22	32.85	-43.77
Free Cash Flow Per Share	-	0.86	2.17	1.27	-0.65
Gross Margin	19.21%	28.78%	42.07%	41.13%	31.64%
Operating Margin	-6.90%	6.67%	21.08%	18.51%	-28.35%
Profit Margin	-6.63%	4.99%	18.56%	22.32%	-32.29%
Free Cash Flow Margin	-	6.05%	14.80%	13.89%	-17.64%
EBITDA	2.4	56.67	93.12	55.18	-60.52
EBITDA Margin	0.58%	13.94%	24.52%	23.34%	-24.39%
D&A For EBITDA	31.15	29.56	13.07	11.41	9.81
EBIT	-28.75	27.11	80.05	43.77	-70.33
EBIT Margin	-6.90%	6.67%	21.08%	18.51%	-28.35%
Effective Tax Rate	-	-	0.03%	-	-
Advertising Expenses	-	7.43	2.62	1.15	-

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

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