Baoshan Iron & Steel Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Operating Revenue	309,970	320,389	343,307	366,046	362,953	279,856
Other Revenue	1,727	1,727	1,561	3,012	2,389	2,426
Revenue	311,697	322,116	344,868	369,058	365,342	282,281
Revenue Growth (YoY)	-6.21%	-6.60%	-6.55%	1.02%	29.43%	-3.47%
Cost of Revenue	290,174	304,520	322,861	346,986	325,087	251,723
Gross Profit	21,522	17,596	22,007	22,072	40,255	30,559
Selling, General & Admin	5,918	5,710	6,049	6,140	6,116	5,941
Research & Development	3,861	3,779	3,419	3,168	2,942	8,773
Other Operating Expenses	148.3	-971.79	607.66	569.87	1,432	1,277
Operating Expenses	10,542	8,751	10,128	10,124	10,614	15,680
Operating Income	10,981	8,845	11,880	11,947	29,641	14,879
Interest Expense	-1,364	-1,516	-1,623	-2,153	-2,302	-2,080
Interest & Investment Income	2,655	2,585	4,932	5,361	4,136	3,317
Currency Exchange Gain (Loss)	-169.67	-169.67	31.32	-132.19	33.68	217.53
Other Non Operating Income (Expenses)	-194.59	-68.2	-67.29	-59.08	-296.46	218.71
EBT Excluding Unusual Items	11,907	9,676	15,152	14,964	31,212	16,552
Gain (Loss) on Sale of Investments	110.96	58.59	162.76	43.5	-182.88	-71.7
Gain (Loss) on Sale of Assets	122.68	310.48	677.61	752.33	1,409	120.24
Asset Writedown	-873.47	-1,195	-1,356	-669.76	-2,354	-790.74
Other Unusual Items	489.24	489.24	448.71	-45.76	624.03	290.32
Pretax Income	11,757	9,339	15,086	15,044	30,708	16,100
Income Tax Expense	1,170	771.6	1,345	1,015	4,253	2,047
Earnings From Continuing Operations	10,587	8,568	13,741	14,029	26,455	14,053
Minority Interest in Earnings	-1,148	-1,206	-1,797	-1,842	-2,823	-1,358
Net Income	9,439	7,362	11,944	12,187	23,632	12,695
Preferred Dividends & Other Adjustments	43.59	43.59	143.73	207.52	59.49	64.68
Net Income to Common	9,396	7,318	11,800	11,979	23,573	12,631
Net Income Growth	-0.39%	-38.36%	-1.99%	-48.43%	86.15%	1.05%
Shares Outstanding (Basic)	21,215	21,421	21,763	21,744	21,978	22,151
Shares Outstanding (Diluted)	21,258	21,463	21,763	21,744	22,005	22,160
Shares Change (YoY)	-1.68%	-1.38%	0.09%	-1.19%	-0.70%	0.27%
EPS (Basic)	0.44	0.34	0.54	0.55	1.07	0.57
EPS (Diluted)	0.44	0.34	0.54	0.55	1.07	0.57
EPS Growth	2.61%	-36.99%	-1.58%	-48.63%	88.17%	1.79%
Free Cash Flow	23,077	8,399	4,273	22,296	35,947	8,285
Free Cash Flow Per Share	1.09	0.39	0.20	1.02	1.63	0.37
Dividend Per Share	0.220	0.210	0.310	0.280	0.600	0.300
Dividend Growth	-29.03%	-32.26%	10.71%	-53.33%	100.00%	7.14%
Gross Margin	6.91%	5.46%	6.38%	5.98%	11.02%	10.83%
Operating Margin	3.52%	2.75%	3.45%	3.24%	8.11%	5.27%
Profit Margin	3.01%	2.27%	3.42%	3.25%	6.45%	4.47%
Free Cash Flow Margin	7.40%	2.61%	1.24%	6.04%	9.84%	2.94%
EBITDA	29,859	27,795	30,925	31,283	48,432	33,171
EBITDA Margin	9.58%	8.63%	8.97%	8.48%	13.26%	11.75%
D&A For EBITDA	18,878	18,950	19,045	19,336	18,791	18,293
EBIT	10,981	8,845	11,880	11,947	29,641	14,879
EBIT Margin	3.52%	2.75%	3.45%	3.24%	8.11%	5.27%
Effective Tax Rate	9.95%	8.26%	8.91%	6.75%	13.85%	12.71%
Revenue as Reported	311,697	322,116	344,868	736,836	365,342	282,281

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.