TBEA Co., Ltd. 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	Mar '26 Mar 31, 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	97,247	95,659	96,038	96,342	94,597	67,586
Other Revenue	1,568	1,568	1,784	1,781	1,797	1,381
Revenue	98,815	97,227	97,822	98,123	96,394	68,968
Revenue Growth (YoY)	1.21%	-0.61%	-0.31%	1.79%	39.77%	54.64%
Cost of Revenue	80,633	79,504	81,350	72,242	59,456	49,487
Gross Profit	18,182	17,722	16,472	25,882	36,937	19,481
Selling, General & Admin	7,250	7,071	6,748	6,057	5,450	4,796
Research & Development	1,654	1,732	1,356	1,284	1,312	1,138
Other Operating Expenses	1,431	1,344	917.12	897.04	1,407	877.92
Operating Expenses	10,742	10,442	9,171	7,731	9,152	7,005
Operating Income	7,440	7,280	7,301	18,151	27,786	12,476
Interest Expense	-1,517	-1,473	-1,592	-1,518	-1,450	-1,429
Interest & Investment Income	1,104	926.62	1,164	621.75	576.91	715.8
Currency Exchange Gain (Loss)	-114.81	-114.81	-33.04	16.85	341.19	29.95
Other Non Operating Income (Expenses)	-318.84	-169.11	49.4	-89.21	-57.8	-53.45
EBT Excluding Unusual Items	6,593	6,450	6,889	17,183	27,196	11,738
Gain (Loss) on Sale of Investments	1,914	1,576	-188.07	-22.11	-507.65	388.44
Gain (Loss) on Sale of Assets	24.57	27.94	156.71	-88.4	-9.93	26.07
Asset Writedown	-294.48	-254.14	-2,193	-621.52	-477.56	-661.93
Other Unusual Items	253.52	252.67	363.12	450.54	378.6	340.83
Pretax Income	8,491	8,052	5,028	16,901	26,579	11,832
Income Tax Expense	2,007	2,051	1,425	2,808	3,694	1,734
Earnings From Continuing Operations	6,485	6,001	3,603	14,093	22,885	10,098
Minority Interest in Earnings	-316.03	-46.69	541.03	-3,390	-6,971	-2,843
Net Income	6,169	5,954	4,144	10,703	15,914	7,255
Preferred Dividends & Other Adjustments	127.38	127.38	137.79	86.75	185.49	232.81
Net Income to Common	6,041	5,827	4,006	10,616	15,729	7,022
Net Income Growth	64.48%	43.69%	-61.28%	-32.75%	119.36%	196.34%
Shares Outstanding (Basic)	5,019	5,019	5,020	4,444	4,955	4,852
Shares Outstanding (Diluted)	5,019	5,019	5,020	4,444	4,955	4,852
Shares Change (YoY)	-0.03%	-0.03%	12.96%	-10.32%	2.13%	0.50%
EPS (Basic)	1.20	1.16	0.80	2.39	3.17	1.45
EPS (Diluted)	1.20	1.16	0.80	2.39	3.17	1.45
EPS Growth	67.29%	45.49%	-66.59%	-24.74%	119.32%	224.19%
Free Cash Flow	-17,051	-12,748	-4,288	6,908	2,303	169.03
Free Cash Flow Per Share	-3.40	-2.54	-0.85	1.55	0.47	0.04
Dividend Per Share	0.360	0.360	0.250	0.200	0.862	0.446
Dividend Growth	44.00%	44.00%	25.00%	-76.78%	93.08%	176.28%
Gross Margin	18.40%	18.23%	16.84%	26.38%	38.32%	28.25%
Operating Margin	7.53%	7.49%	7.46%	18.50%	28.82%	18.09%
Profit Margin	6.11%	5.99%	4.09%	10.82%	16.32%	10.18%
Free Cash Flow Margin	-17.26%	-13.11%	-4.38%	7.04%	2.39%	0.24%
EBITDA	13,871	13,582	13,085	23,026	32,060	16,127
EBITDA Margin	14.04%	13.97%	13.38%	23.47%	33.26%	23.38%
D&A For EBITDA	6,431	6,302	5,784	4,875	4,275	3,651
EBIT	7,440	7,280	7,301	18,151	27,786	12,476
EBIT Margin	7.53%	7.49%	7.46%	18.50%	28.82%	18.09%
Effective Tax Rate	23.63%	25.47%	28.35%	16.61%	13.90%	14.66%
Revenue as Reported	98,897	97,318	97,906	98,206	96,510	69,032
Advertising Expenses	-	104.48	100.21	86.83	40.42	25.05

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