BAIC Motor Corporation Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	164,047	192,496	197,949	190,463	175,916
Revenue Growth (YoY)	-14.78%	-2.76%	3.93%	8.27%	-0.60%
Cost of Revenue	145,035	161,609	159,651	148,128	138,272
Gross Profit	19,012	30,887	38,299	42,334	37,643
Selling, General & Admin	11,038	13,505	15,181	16,515	16,111
Other Operating Expenses	-2,608	-366.61	213.09	141.97	-1,847
Operating Expenses	8,615	13,138	15,394	16,657	14,263
Operating Income	10,398	17,749	22,904	25,678	23,380
Interest Expense	-143.53	-206.8	-329.19	-496.9	-704.96
Interest & Investment Income	223.77	372.61	525.83	659.63	887.14
Earnings From Equity Investments	-470.72	-1,254	-1,600	-1,281	-1,101
Currency Exchange Gain (Loss)	-103.31	-399.21	-278.34	404.37	604.31
Other Non Operating Income (Expenses)	-187.45	-116.24	-165.89	-161.56	-121.28
EBT Excluding Unusual Items	9,717	16,146	21,057	24,802	22,945
Gain (Loss) on Sale of Assets	-2.41	-168.82	-56.88	-72.99	-24.24
Asset Writedown	-15.82	-	-	-	-
Pretax Income	9,698	15,977	21,000	24,729	22,920
Income Tax Expense	3,922	6,144	7,374	8,394	7,769
Earnings From Continuing Operations	5,777	9,833	13,626	16,335	15,151
Minority Interest in Earnings	-5,654	-8,877	-10,596	-12,139	-11,293
Net Income	122.7	955.84	3,030	4,197	3,858
Net Income to Common	122.7	955.84	3,030	4,197	3,858
Net Income Growth	-87.16%	-68.46%	-27.79%	8.77%	90.17%
Shares Outstanding (Basic)	8,015	8,015	8,015	8,015	8,015
Shares Outstanding (Diluted)	8,015	8,015	8,015	8,015	8,015
EPS (Basic)	0.02	0.12	0.38	0.52	0.48
EPS (Diluted)	0.02	0.12	0.38	0.52	0.48
EPS Growth	-87.16%	-68.46%	-27.79%	8.77%	101.28%
Free Cash Flow	-	23,501	18,147	13,946	5,620
Free Cash Flow Per Share	-	2.93	2.26	1.74	0.70
Dividend Per Share	-	-	0.130	0.170	0.160
Dividend Growth	-	-	-23.53%	6.25%	100.00%
Gross Margin	11.59%	16.05%	19.35%	22.23%	21.40%
Operating Margin	6.34%	9.22%	11.57%	13.48%	13.29%
Profit Margin	0.07%	0.50%	1.53%	2.20%	2.19%
Free Cash Flow Margin	-	12.21%	9.17%	7.32%	3.19%
EBITDA	16,490	23,842	29,259	32,136	29,617
EBITDA Margin	10.05%	12.39%	14.78%	16.87%	16.84%
D&A For EBITDA	6,093	6,093	6,354	6,459	6,237
EBIT	10,398	17,749	22,904	25,678	23,380
EBIT Margin	6.34%	9.22%	11.57%	13.48%	13.29%
Effective Tax Rate	40.44%	38.45%	35.11%	33.94%	33.89%
Advertising Expenses	769.95	1,361	1,912	1,632	1,654

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.