BAIC Motor Corporation Limited (HKG: 1958)

BAIC Motor Corporation Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	193,224	197,949	190,463	175,916	176,973	175,410
Revenue Growth (YoY)	-6.12%	3.93%	8.27%	-0.60%	0.89%	15.46%
Cost of Revenue	155,031	157,879	148,128	138,272	134,833	137,776
Gross Profit	38,193	40,070	42,334	37,643	42,140	37,634
Selling, General & Admin	16,804	16,953	16,515	16,111	19,294	17,609
Other Operating Expenses	45.69	213.09	141.97	-1,847	-359.94	-2,298
Operating Expenses	16,601	17,166	16,657	14,263	18,934	15,311
Operating Income	21,592	22,904	25,678	23,380	23,206	22,323
Interest Expense	-642.75	-329.19	-496.9	-704.96	-676.29	-819.77
Interest & Investment Income	463.76	525.83	659.63	887.14	952.95	1,918
Earnings From Equity Investments	-1,600	-1,600	-1,281	-1,101	-2,015	-313.79
Currency Exchange Gain (Loss)	-278.34	-278.34	404.37	604.31	-825.54	-627.3
Other Non Operating Income (Expenses)	-163.98	-165.89	-161.56	-121.28	-176.51	-236.63
EBT Excluding Unusual Items	19,371	21,057	24,802	22,945	20,466	22,244
Gain (Loss) on Sale of Investments	-531.94	-	-	-	-	-
Gain (Loss) on Sale of Assets	-85.32	-56.88	-72.99	-24.24	-36.17	-88.36
Pretax Income	18,654	21,000	24,729	22,920	20,430	22,155
Income Tax Expense	6,713	7,374	8,394	7,769	7,475	6,998
Earnings From Continuing Operations	11,941	13,626	16,335	15,151	12,955	15,157
Minority Interest in Earnings	-9,779	-10,596	-12,139	-11,293	-10,926	-10,161
Net Income	2,163	3,030	4,197	3,858	2,029	4,996
Preferred Dividends & Other Adjustments	-	-	-	-	112	112
Net Income to Common	2,163	3,030	4,197	3,858	1,917	4,884
Net Income Growth	-55.72%	-27.79%	8.77%	90.17%	-59.39%	12.80%
Shares Outstanding (Basic)	8,015	8,015	8,015	8,015	8,015	8,015
Shares Outstanding (Diluted)	8,015	8,015	8,015	8,015	8,015	8,015
Shares Change (YoY)	-0.00%	-	-	-	-	1.78%
EPS (Basic)	0.27	0.38	0.52	0.48	0.24	0.61
EPS (Diluted)	0.27	0.38	0.52	0.48	0.24	0.61
EPS Growth	-55.72%	-27.79%	8.77%	101.28%	-60.76%	11.15%
Free Cash Flow	14,850	18,147	13,946	5,620	16,229	26,771
Free Cash Flow Per Share	1.85	2.26	1.74	0.70	2.02	3.34
Dividend Per Share	0.130	0.130	0.170	0.160	0.080	0.170
Dividend Growth	-23.53%	-23.53%	6.25%	100.00%	-52.94%	-10.53%
Gross Margin	19.77%	20.24%	22.23%	21.40%	23.81%	21.45%
Operating Margin	11.17%	11.57%	13.48%	13.29%	13.11%	12.73%
Profit Margin	1.12%	1.53%	2.20%	2.19%	1.08%	2.78%
Free Cash Flow Margin	7.69%	9.17%	7.32%	3.19%	9.17%	15.26%
EBITDA	27,901	29,259	32,136	29,617	29,344	27,101
EBITDA Margin	14.44%	14.78%	16.87%	16.84%	16.58%	15.45%
D&A For EBITDA	6,309	6,354	6,459	6,237	6,137	4,778
EBIT	21,592	22,904	25,678	23,380	23,206	22,323
EBIT Margin	11.17%	11.57%	13.48%	13.29%	13.11%	12.73%
Effective Tax Rate	35.98%	35.11%	33.94%	33.90%	36.59%	31.59%
Advertising Expenses	-	1,912	1,632	1,654	1,781	2,143

Source: S&P Capital IQ. Standard template. Financial Sources.