BaTeLab Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	578.81	463.88	352.51	212.71	88.72
Revenue Growth (YoY)	24.77%	31.59%	65.72%	139.75%	-
Cost of Revenue	271.89	206.77	153.19	92.71	39.97
Gross Profit	306.92	257.11	199.32	120	48.75
Selling, General & Admin	38.59	32.63	25.76	15.63	4.3
Research & Development	129.22	119.15	84.88	47.61	28.41
Other Operating Expenses	-0.78	-0.88	-6.89	-0.57	-0.07
Operating Expenses	167.03	150.89	103.75	62.67	32.64
Operating Income	139.89	106.22	95.58	57.33	16.11
Interest Expense	-7.99	-4.27	-1.65	-3.88	-4.02
Interest & Investment Income	14.03	1.75	0.5	0.17	0.29
Currency Exchange Gain (Loss)	7.27	-0.92	-	-	-
EBT Excluding Unusual Items	153.19	102.77	94.42	53.62	12.38
Gain (Loss) on Sale of Investments	-	0.24	1.73	1.2	0.42
Gain (Loss) on Sale of Assets	-	-	-	-0.04	-
Other Unusual Items	12.77	6.15	0.67	2.19	1.19
Pretax Income	165.96	109.16	96.82	56.97	14
Income Tax Expense	-0.64	-	1.56	-	-
Net Income	166.6	109.16	95.26	56.97	14
Net Income to Common	166.6	109.16	95.26	56.97	14
Net Income Growth	52.62%	14.59%	67.22%	307.07%	-
Shares Outstanding (Basic)	60	45	45	-	-
Shares Outstanding (Diluted)	60	45	45	-	-
Shares Change (YoY)	32.91%	0.36%	-	-	-
EPS (Basic)	2.78	2.42	2.12	-	-
EPS (Diluted)	2.78	2.42	2.12	-	-
EPS Growth	14.89%	14.17%	-	-	-
Free Cash Flow	-20.36	-13.22	-50.13	-27.11	-47.28
Free Cash Flow Per Share	-0.34	-0.29	-1.11	-	-
Gross Margin	53.03%	55.43%	56.54%	56.42%	54.95%
Operating Margin	24.17%	22.90%	27.11%	26.95%	18.16%
Profit Margin	28.78%	23.53%	27.02%	26.78%	15.77%
Free Cash Flow Margin	-3.52%	-2.85%	-14.22%	-12.75%	-53.29%
EBITDA	144.94	109.92	96.73	58.01	16.68
EBITDA Margin	25.04%	23.70%	27.44%	27.27%	18.80%
D&A For EBITDA	5.06	3.7	1.15	0.68	0.57
EBIT	139.89	106.22	95.58	57.33	16.11
EBIT Margin	24.17%	22.90%	27.11%	26.95%	18.16%
Effective Tax Rate	-	-	1.61%	-	-

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