Shanghai Bailian (Group) 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	24,219	26,782	29,643	31,428	33,571	34,105
Other Revenue	892.55	892.55	875.76	857.52	1,079	1,116
Revenue	25,112	27,675	30,519	32,286	34,650	35,221
Revenue Growth (YoY)	-12.07%	-9.32%	-5.47%	-6.82%	-1.62%	-30.20%
Cost of Revenue	18,716	20,520	22,430	24,237	25,393	26,330
Gross Profit	6,396	7,155	8,089	8,048	9,257	8,890
Selling, General & Admin	6,180	6,784	7,283	7,659	7,841	7,787
Research & Development	8.16	7.45	18.67	17.77	21.76	17.42
Other Operating Expenses	305.45	345.68	366.62	282.89	367.54	315.94
Operating Expenses	6,497	7,144	7,677	7,961	8,231	8,124
Operating Income	-101.13	11.04	412.64	87.41	1,026	765.76
Interest Expense	-468.92	-527.36	-578.46	-639.37	-647.99	-459.12
Interest & Investment Income	814.58	2,475	625.48	1,282	700.05	750.95
Currency Exchange Gain (Loss)	-0.24	-0.24	-0.01	-0.45	-0.34	-0.04
Other Non Operating Income (Expenses)	72.53	-28.7	64.45	-95.22	-15.28	-42.36
EBT Excluding Unusual Items	316.81	1,930	524.1	634.31	1,062	1,015
Merger & Restructuring Charges	-	-	-	-23.07	-3.35	-259.24
Impairment of Goodwill	-1.92	-1.92	-1.92	-1.92	-	-
Gain (Loss) on Sale of Investments	123.7	129.38	-197.19	-16.52	14.4	-57.01
Gain (Loss) on Sale of Assets	66.7	133.54	49.26	30.59	59.71	324.96
Asset Writedown	-16.82	-16.37	-16.47	-38.79	-113.68	-82.78
Other Unusual Items	86.14	86.14	112.06	426.36	160.6	452.66
Pretax Income	574.6	2,260	469.84	1,011	1,180	1,394
Income Tax Expense	410.04	876.96	526.55	411.04	546.85	631.4
Earnings From Continuing Operations	164.56	1,383	-56.72	599.91	632.79	762.39
Minority Interest in Earnings	78.22	183.98	455.83	74.16	119.73	7.82
Net Income	242.78	1,567	399.11	674.07	752.52	770.21
Net Income to Common	242.78	1,567	399.11	674.07	752.52	770.21
Net Income Growth	-85.48%	292.73%	-40.79%	-10.42%	-2.30%	-19.62%
Shares Outstanding (Basic)	1,784	1,784	1,784	1,784	1,792	1,791
Shares Outstanding (Diluted)	1,784	1,784	1,784	1,784	1,792	1,791
Shares Change (YoY)	1.77%	-	-	-0.42%	0.03%	0.95%
EPS (Basic)	0.14	0.88	0.22	0.38	0.42	0.43
EPS (Diluted)	0.14	0.88	0.22	0.38	0.42	0.43
EPS Growth	-85.67%	299.33%	-41.77%	-10.05%	-2.33%	-20.37%
Free Cash Flow	362.2	2,414	2,496	2,489	2,170	2,941
Free Cash Flow Per Share	0.20	1.35	1.40	1.40	1.21	1.64
Dividend Per Share	0.265	0.265	0.120	0.120	0.150	0.150
Dividend Growth	120.83%	120.83%	-	-20.00%	-	50.00%
Gross Margin	25.47%	25.85%	26.51%	24.93%	26.71%	25.24%
Operating Margin	-0.40%	0.04%	1.35%	0.27%	2.96%	2.17%
Profit Margin	0.97%	5.66%	1.31%	2.09%	2.17%	2.19%
Free Cash Flow Margin	1.44%	8.72%	8.18%	7.71%	6.26%	8.35%
EBITDA	1,044	1,144	1,529	1,244	2,172	1,885
EBITDA Margin	4.16%	4.13%	5.01%	3.85%	6.27%	5.35%
D&A For EBITDA	1,145	1,132	1,116	1,157	1,146	1,119
EBIT	-101.13	11.04	412.64	87.41	1,026	765.76
EBIT Margin	-0.40%	0.04%	1.35%	0.27%	2.96%	2.17%
Effective Tax Rate	71.36%	38.80%	112.07%	40.66%	46.36%	45.30%
Revenue as Reported	25,112	27,675	30,519	32,286	34,650	35,221

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