Ningbo Ronbay New Energy Technology Co.,Ltd. (SHA:688005)

SHA:688005 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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	12,126	14,464	21,113	27,379	9,729	3,640
Other Revenue	623.95	623.95	1,545	2,744	530.22	154.83
Revenue	12,750	15,088	22,657	30,123	10,259	3,795
Revenue Growth (YoY)	-17.24%	-33.41%	-24.78%	193.63%	170.36%	-9.43%
Cost of Revenue	11,670	13,630	20,966	27,367	8,687	3,361
Gross Profit	1,080	1,457	1,691	2,755	1,572	433.97
Selling, General & Admin	513.56	492.78	462.34	483.95	309.59	119.61
Research & Development	438.94	424.16	354.24	486.55	359.5	146.04
Other Operating Expenses	16.21	-8.89	-32.83	58.35	20.33	8.9
Operating Expenses	979.38	918.73	789.6	1,046	616.55	225.84
Operating Income	100.82	538.45	901.46	1,709	955.31	208.13
Interest Expense	-177.7	-182.27	-148.68	-85.95	-10.77	-4.05
Interest & Investment Income	113.45	78.65	97.29	71.99	44.66	36.59
Currency Exchange Gain (Loss)	-6.96	-6.96	-10.46	17.53	-1.92	-3.44
Other Non Operating Income (Expenses)	2.98	-10.58	-11.89	-20.57	-9.11	-1.93
EBT Excluding Unusual Items	32.59	417.29	827.72	1,692	978.16	235.3
Impairment of Goodwill	-15.96	-15.96	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-155.56	-115.32	10.91	0.38
Gain (Loss) on Sale of Assets	-0.53	-0.32	-0.22	-0.1	-1.71	-1.72
Asset Writedown	-5.67	-9.33	-3.61	-28.3	-7.79	-3.98
Other Unusual Items	38.12	38.12	104.93	33.99	33.1	3.36
Pretax Income	48.57	429.8	773.26	1,583	1,013	233.34
Income Tax Expense	40.42	101.15	145.67	208.25	104.44	24.05
Earnings From Continuing Operations	8.15	328.65	627.59	1,374	908.24	209.29
Minority Interest in Earnings	-32.27	-32.74	-46.68	-21.09	2.8	3.78
Net Income	-24.13	295.91	580.91	1,353	911.04	213.06
Net Income to Common	-24.13	295.91	580.91	1,353	911.04	213.06
Net Income Growth	-	-49.06%	-57.07%	48.54%	327.59%	143.73%
Shares Outstanding (Basic)	686	705	683	672	659	661
Shares Outstanding (Diluted)	686	705	683	679	675	661
Shares Change (YoY)	-5.17%	3.09%	0.67%	0.53%	2.10%	6.62%
EPS (Basic)	-0.04	0.42	0.85	2.01	1.38	0.32
EPS (Diluted)	-0.04	0.42	0.85	1.99	1.35	0.32
EPS Growth	-	-50.59%	-57.36%	47.76%	318.81%	128.60%
Free Cash Flow	1,366	-1,252	158.47	-3,332	-2,096	393.44
Free Cash Flow Per Share	1.99	-1.78	0.23	-4.91	-3.10	0.59
Dividend Per Share	0.370	0.370	0.203	0.203	0.138	0.060
Dividend Growth	81.91%	81.91%	0.34%	47.31%	127.81%	-
Gross Margin	8.47%	9.66%	7.46%	9.15%	15.32%	11.44%
Operating Margin	0.79%	3.57%	3.98%	5.67%	9.31%	5.49%
Profit Margin	-0.19%	1.96%	2.56%	4.49%	8.88%	5.62%
Free Cash Flow Margin	10.71%	-8.30%	0.70%	-11.06%	-20.43%	10.37%
EBITDA	836.57	1,145	1,335	2,023	1,133	346.21
EBITDA Margin	6.56%	7.59%	5.89%	6.72%	11.05%	9.12%
D&A For EBITDA	735.75	606.28	433.64	313.85	177.94	138.08
EBIT	100.82	538.45	901.46	1,709	955.31	208.13
EBIT Margin	0.79%	3.57%	3.98%	5.67%	9.31%	5.49%
Effective Tax Rate	83.22%	23.53%	18.84%	13.16%	10.31%	10.31%
Revenue as Reported	12,750	15,088	22,657	30,123	-	3,795

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