宁波联合 (600051.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.1B	1.3B	1.8B	1.8B	2.7B
Cost of Revenue	948.2M	1.1B	1.6B	1.5B	2.4B
Gross Profit	146.4M	144.3M	183.1M	256.9M	291.1M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	—	—	—	—	—
General & Admin Expense	90.0M	89.8M	94.7M	99.9M	102.9M
Selling & Marketing Expense	26.9M	24.8M	21.6M	19.9M	29.9M
Other Expenses	—	—	—	—	—
Total Operating Expenses	143.4M	150.2M	182.7M	177.2M	156.4M
Cost and Expenses	1.1B	1.3B	1.8B	1.7B	2.5B
Operating Income (EBIT)	55.2M	53.8M	73.7M	99.7M	214.0M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	62.9M	59.8M	76.1M	108.6M	217.3M
Income Tax Expense	17.6M	21.1M	5.5M	24.4M	62.9M
Bottom Line
Net Income	75.8M	84.4M	81.2M	106.2M	150.0M
Earnings from Cont. Ops	45.3M	38.7M	70.6M	84.2M	154.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	75.8M	84.4M	81.2M	106.2M	150.0M
Per Share
Basic EPS	CN¥0.25	CN¥0.27	CN¥0.26	CN¥0.34	CN¥0.48
Diluted EPS	CN¥0.25	CN¥0.27	CN¥0.26	CN¥0.34	CN¥0.48
Revenue Per Share	CN¥4.06	CN¥4.06	CN¥5.72	CN¥5.64	CN¥8.50
Shares
Basic Shares Outstanding	269.5M	312.5M	312.2M	312.3M	312.4M
Diluted Shares Outstanding	269.5M	312.5M	312.2M	312.3M	312.4M
Profitability Metrics
EBITDA	—	165.8M	191.2M	227.4M	345.2M
D&A	—	112.0M	117.5M	127.8M	131.2M
EBIT	—	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026