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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Operating Revenue	329,086	315,875	320,389	343,307	366,046	362,953
Other Revenue	1,633	1,633	1,727	1,561	3,012	2,389
Revenue	330,719	317,508	322,116	344,868	369,058	365,342
Revenue Growth	6.10%	-1.43%	-6.60%	-6.55%	1.02%	29.43%
Cost of Revenue	310,131	294,460	304,520	322,861	346,986	325,087
Gross Profit	20,588	23,048	17,596	22,007	22,072	40,255
Selling, General & Admin	5,385	5,555	5,710	6,049	6,140	6,116
Research & Development	3,718	3,896	3,779	3,419	3,168	2,942
Other Operating Expenses	1,412	700.99	-971.79	607.66	569.87	1,432
Operating Expenses	10,204	10,286	8,681	10,128	10,124	10,614
Operating Income	10,384	12,762	8,916	11,880	11,947	29,641
Interest Expense	-1,027	-1,248	-1,516	-1,623	-2,153	-2,302
Interest & Investment Income	2,863	3,254	2,585	4,932	5,361	4,136
Currency Exchange Gain (Loss)	-119.36	-119.36	-169.67	31.32	-132.19	33.68
Other Non Operating Income (Expenses)	-273.45	-449.64	-138.86	-67.29	-59.08	-296.46
EBT Excluding Unusual Items	11,827	14,199	9,676	15,152	14,964	31,212
Gain (Loss) on Sale of Investments	-46.37	-80.16	58.59	162.76	43.5	-182.88
Gain (Loss) on Sale of Assets	227.89	34.88	310.48	677.61	752.33	1,409
Asset Writedown	-1,520	-1,629	-1,195	-1,356	-669.76	-2,354
Other Unusual Items	631.37	631.37	489.24	448.71	-45.76	624.03
Pretax Income	11,120	13,157	9,339	15,086	15,044	30,708
Income Tax Expense	1,085	1,745	771.6	1,345	1,015	4,253
Earnings From Continuing Operations	10,035	11,412	8,568	13,741	14,029	26,455
Minority Interest in Earnings	-909.85	-1,066	-1,206	-1,797	-1,842	-2,823
Net Income	9,125	10,346	7,362	11,944	12,187	23,632
Preferred Dividends & Other Adjustments	-	-	43.59	143.73	207.52	59.49
Net Income to Common	9,125	10,346	7,318	11,800	11,979	23,573
Net Income Growth	-2.88%	41.37%	-37.98%	-1.49%	-49.18%	86.63%
Shares Outstanding (Basic)	21,546	21,377	21,421	21,763	21,744	21,978
Shares Outstanding (Diluted)	21,546	21,377	21,463	21,763	21,744	22,005
Shares Change	1.36%	-0.40%	-1.38%	0.09%	-1.19%	-0.70%
EPS (Basic)	0.42	0.48	0.34	0.54	0.55	1.07
EPS (Diluted)	0.42	0.48	0.34	0.54	0.55	1.07
EPS Growth	-5.26%	40.49%	-36.99%	-1.58%	-48.63%	88.17%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	5,123	15,090	8,399	4,273	22,296	35,947
Free Cash Flow Per Share	0.24	0.71	0.39	0.20	1.02	1.63
Dividend Per Share	0.310	0.300	0.210	0.310	0.280	0.600
Dividend Growth	40.91%	42.86%	-32.26%	10.71%	-53.33%	100.00%
Gross Margin	6.22%	7.26%	5.46%	6.38%	5.98%	11.02%
Operating Margin	3.14%	4.02%	2.77%	3.45%	3.24%	8.11%
Profit Margin	2.76%	3.26%	2.27%	3.42%	3.25%	6.45%
Free Cash Flow Margin	1.55%	4.75%	2.61%	1.24%	6.04%	9.84%
EBITDA	28,675	31,374	27,957	30,925	31,283	48,432
EBITDA Margin	8.67%	9.88%	8.68%	8.97%	8.48%	13.26%
D&A For EBITDA	18,291	18,612	19,042	19,045	19,336	18,791
EBIT	10,384	12,762	8,916	11,880	11,947	29,641
EBIT Margin	3.14%	4.02%	2.77%	3.45%	3.24%	8.11%
Effective Tax Rate	9.76%	13.26%	8.26%	8.91%	6.75%	13.85%
Revenue as Reported	330,719	317,508	322,116	344,868	736,836	365,342