BaTeLab 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	584.12	578.81	463.88	352.51	212.71
Revenue Growth (YoY)	0.92%	24.77%	31.59%	65.72%	139.75%
Cost of Revenue	281.87	271.89	206.77	153.19	92.71
Gross Profit	302.25	306.92	257.11	199.32	120
Selling, General & Admin	36.42	38.59	32.63	25.76	15.63
Research & Development	147.44	129.22	119.15	84.88	47.61
Other Operating Expenses	-2.65	-0.78	-0.88	-6.89	-0.57
Operating Expenses	181.21	167.03	150.89	103.75	62.67
Operating Income	121.04	139.89	106.22	95.58	57.33
Interest Expense	-9.01	-7.99	-4.27	-1.65	-3.88
Interest & Investment Income	14.47	14.03	1.75	0.5	0.17
Currency Exchange Gain (Loss)	-14.25	7.27	-0.92	-	-
EBT Excluding Unusual Items	112.26	153.19	102.77	94.42	53.62
Gain (Loss) on Sale of Investments	-	-	0.24	1.73	1.2
Gain (Loss) on Sale of Assets	-	-	-	-	-0.04
Other Unusual Items	9.75	12.77	6.15	0.67	2.19
Pretax Income	122.01	165.96	109.16	96.82	56.97
Income Tax Expense	-	-0.64	-	1.56	-
Net Income	122.01	166.6	109.16	95.26	56.97
Net Income to Common	122.01	166.6	109.16	95.26	56.97
Net Income Growth	-26.77%	52.62%	14.59%	67.22%	307.07%
Shares Outstanding (Basic)	62	60	45	45	-
Shares Outstanding (Diluted)	62	60	45	45	-
Shares Change (YoY)	3.56%	32.91%	0.36%	-	-
EPS (Basic)	1.97	2.78	2.42	2.12	-
EPS (Diluted)	1.96	2.78	2.42	2.12	-
EPS Growth	-29.41%	14.89%	14.17%	-	-
Free Cash Flow	-	-20.36	-13.22	-50.13	-27.11
Free Cash Flow Per Share	-	-0.34	-0.29	-1.11	-
Gross Margin	51.74%	53.03%	55.43%	56.54%	56.42%
Operating Margin	20.72%	24.17%	22.90%	27.11%	26.95%
Profit Margin	20.89%	28.78%	23.53%	27.02%	26.78%
Free Cash Flow Margin	-	-3.52%	-2.85%	-14.22%	-12.75%
EBITDA	126.1	144.94	109.92	96.73	58.01
EBITDA Margin	21.59%	25.04%	23.70%	27.44%	27.27%
D&A For EBITDA	5.06	5.06	3.7	1.15	0.68
EBIT	121.04	139.89	106.22	95.58	57.33
EBIT Margin	20.72%	24.17%	22.90%	27.11%	26.95%
Effective Tax Rate	-	-	-	1.61%	-

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