Bluestar Adisseo Company 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	17,089	15,534	13,184	14,529	12,869	11,910
Revenue	17,089	15,534	13,184	14,529	12,869	11,910
Revenue Growth (YoY)	14.35%	17.83%	-9.26%	12.90%	8.04%	6.96%
Cost of Revenue	12,300	10,869	10,378	10,625	8,479	7,401
Gross Profit	4,790	4,665	2,806	3,904	4,390	4,510
Selling, General & Admin	2,372	2,260	2,004	1,866	1,845	1,963
Research & Development	421.26	439.59	410.81	352.45	337.57	291.54
Other Operating Expenses	104.83	72.57	50.55	45.29	69.22	114.71
Operating Expenses	2,912	2,779	2,498	2,267	2,254	2,369
Operating Income	1,877	1,886	307.51	1,637	2,136	2,141
Interest Expense	-58.21	-83.52	-97.6	-43.48	-19.28	-13.82
Interest & Investment Income	75.26	31.27	20.46	9.04	12.38	71.07
Earnings From Equity Investments	-98.35	-98.35	-42.39	-9.59	-	-
Currency Exchange Gain (Loss)	44.25	44.25	-5	-105.7	3.72	-172.41
Other Non Operating Income (Expenses)	4.22	-48.08	-36.55	-29.26	-13.57	-19.34
EBT Excluding Unusual Items	1,845	1,732	146.43	1,458	2,119	2,006
Gain (Loss) on Sale of Investments	-76.15	-32.89	38.44	30.58	-71.08	18.27
Gain (Loss) on Sale of Assets	-2.36	-1.02	-10.49	-14.17	0.07	0.13
Asset Writedown	-23.56	-	-142.81	-	-29.75	-52.2
Other Unusual Items	-86.15	-123.35	32.87	66.31	30.05	25.6
Pretax Income	1,656	1,575	64.44	1,541	2,049	1,998
Income Tax Expense	462.64	369.04	11.76	291.06	513.09	520.94
Earnings From Continuing Operations	1,194	1,205	52.68	1,250	1,536	1,477
Minority Interest in Earnings	-2.31	-1.14	-0.51	-3.16	-63.99	-125.41
Net Income	1,191	1,204	52.17	1,247	1,472	1,352
Net Income to Common	1,191	1,204	52.17	1,247	1,472	1,352
Net Income Growth	9.32%	2208.66%	-95.82%	-15.29%	8.88%	36.20%
Shares Outstanding (Basic)	2,656	2,682	2,682	2,682	2,682	2,682
Shares Outstanding (Diluted)	2,656	2,682	2,682	2,682	2,682	2,682
Shares Change (YoY)	24.38%	-	-	-	-	-
EPS (Basic)	0.45	0.45	0.02	0.46	0.55	0.50
EPS (Diluted)	0.45	0.45	0.02	0.46	0.55	0.50
EPS Growth	-12.11%	2208.77%	-95.77%	-16.17%	9.75%	35.14%
Free Cash Flow	67.78	1,322	1,317	186.53	288.08	1,390
Free Cash Flow Per Share	0.03	0.49	0.49	0.07	0.11	0.52
Dividend Per Share	0.171	0.180	0.060	0.151	0.178	0.176
Dividend Growth	42.50%	200.00%	-60.27%	-15.17%	1.14%	-32.05%
Gross Margin	28.03%	30.03%	21.28%	26.87%	34.11%	37.87%
Operating Margin	10.99%	12.14%	2.33%	11.27%	16.60%	17.97%
Profit Margin	6.97%	7.75%	0.40%	8.58%	11.44%	11.35%
Free Cash Flow Margin	0.40%	8.51%	9.99%	1.28%	2.24%	11.67%
EBITDA	2,979	3,200	1,903	2,896	3,254	3,257
EBITDA Margin	17.44%	20.60%	14.44%	19.93%	25.29%	27.35%
D&A For EBITDA	1,102	1,314	1,596	1,259	1,118	1,117
EBIT	1,877	1,886	307.51	1,637	2,136	2,141
EBIT Margin	10.99%	12.14%	2.33%	11.27%	16.60%	17.97%
Effective Tax Rate	27.93%	23.44%	18.25%	18.89%	25.04%	26.07%
Revenue as Reported	17,089	15,534	13,184	14,529	12,869	11,910

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