BAMA TEA 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 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Operating Revenue	2,196	2,143	2,122	1,818	1,237
Other Revenue	-	-	-	-	9.65
Revenue	2,196	2,143	2,122	1,818	1,247
Revenue Growth (YoY)	2.48%	0.99%	16.77%	45.77%	21.93%
Cost of Revenue	975.59	964.71	994.58	834.98	567.28
Gross Profit	1,221	1,179	1,128	982.56	679.54
Selling, General & Admin	915.44	857.85	816.43	732.81	509.64
Research & Development	14.02	16.51	11.62	8.22	3.28
Other Operating Expenses	-5.83	-8.61	12.3	8.34	9.03
Operating Expenses	924.81	866.83	842.1	750.32	522.82
Operating Income	295.95	311.73	285.62	232.25	156.72
Interest Expense	-8.09	-9.62	-10.89	-11.2	-0.48
Interest & Investment Income	5.9	5.58	4.1	2.91	1.91
Currency Exchange Gain (Loss)	-1.01	-	-	-	-0.01
Other Non Operating Income (Expenses)	0.36	-1.62	-	-	-2.18
EBT Excluding Unusual Items	293.11	306.07	278.84	223.95	155.97
Gain (Loss) on Sale of Investments	2.23	1.71	2.3	1.59	-
Gain (Loss) on Sale of Assets	1.93	2.63	-0.98	-4.9	0.46
Asset Writedown	-2.4	-2.21	-3.05	-1.89	-0.63
Other Unusual Items	5.86	0.18	6.9	7.79	7.35
Pretax Income	300.73	308.36	284.01	226.55	163.15
Income Tax Expense	78.39	84.16	78.29	60.71	46.71
Earnings From Continuing Operations	222.34	224.2	205.73	165.85	116.44
Minority Interest in Earnings	-0.09	0.14	0.1	0.25	0.03
Net Income	222.25	224.34	205.83	166.1	116.47
Net Income to Common	222.25	224.34	205.83	166.1	116.47
Net Income Growth	-0.93%	8.99%	23.92%	42.61%	26.76%
Shares Outstanding (Basic)	78	76	76	76	76
Shares Outstanding (Diluted)	78	76	76	76	76
Shares Change (YoY)	2.11%	-	-	-0.16%	0.25%
EPS (Basic)	2.86	2.95	2.71	2.19	1.53
EPS (Diluted)	2.86	2.95	2.71	2.19	1.53
EPS Growth	-2.98%	8.99%	23.92%	42.84%	26.45%
Free Cash Flow	254.41	174.89	265.63	122.33	-8.08
Free Cash Flow Per Share	3.28	2.30	3.50	1.61	-0.11
Dividend Per Share	-	0.420	0.400	0.500	-
Dividend Growth	-	5.00%	-20.00%	-	-
Gross Margin	55.58%	54.99%	53.14%	54.06%	54.50%
Operating Margin	13.48%	14.54%	13.46%	12.78%	12.57%
Profit Margin	10.12%	10.47%	9.70%	9.14%	9.34%
Free Cash Flow Margin	11.58%	8.16%	12.52%	6.73%	-0.65%
EBITDA	351.91	366.74	340.39	283.01	172.46
EBITDA Margin	16.02%	17.11%	16.04%	15.57%	13.83%
D&A For EBITDA	55.95	55.02	54.77	50.77	15.74
EBIT	295.95	311.73	285.62	232.25	156.72
EBIT Margin	13.48%	14.54%	13.46%	12.78%	12.57%
Effective Tax Rate	26.07%	27.29%	27.56%	26.80%	28.63%
Advertising Expenses	303.3	276.2	251.83	209.15	-

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