Bohai Ferry 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	1,833	1,818	1,839	1,306	1,381	1,166
Other Revenue	1.23	1.23	1.22	1.05	19.85	0.98
Revenue	1,835	1,819	1,840	1,307	1,401	1,167
Revenue Growth (YoY)	-2.57%	-1.11%	40.77%	-6.70%	20.06%	-29.83%
Cost of Revenue	1,307	1,306	1,341	1,224	1,045	949.04
Gross Profit	527.54	513.49	498.8	83.4	355.71	217.75
Selling, General & Admin	141.9	142.85	141.8	113.81	132.78	103.98
Other Operating Expenses	120.27	8.41	-19.72	-219.77	4.74	2.77
Operating Expenses	262.02	152.06	122.16	-129.69	147.98	119.78
Operating Income	265.52	361.43	376.64	213.09	207.73	97.97
Interest Expense	-2.25	-5.37	-8	-25.98	-21.77	-27.91
Interest & Investment Income	12.32	10.75	69.19	20.91	33.8	11.39
Currency Exchange Gain (Loss)	-1.09	-1.09	-13.5	-20.05	64.69	12.65
Other Non Operating Income (Expenses)	-5.17	-2.68	-2.09	-5.29	-6.76	-4.45
EBT Excluding Unusual Items	269.33	363.04	422.24	182.68	277.69	89.65
Gain (Loss) on Sale of Investments	-20.12	-40.09	-14.34	42.42	2.14	67.54
Gain (Loss) on Sale of Assets	-0.03	0.01	-0.09	38.45	-0.05	2.54
Asset Writedown	-	-	-	-0.07	-	-10
Other Unusual Items	221.57	117.75	-	-	37.32	85.87
Pretax Income	470.75	440.72	407.81	263.48	317.1	235.6
Income Tax Expense	128.9	119.72	120.72	58.62	94.57	76.13
Earnings From Continuing Operations	341.85	321	287.09	204.86	222.53	159.47
Minority Interest in Earnings	-52.96	-46.72	-36.69	-42.71	-20.99	-23.38
Net Income	288.89	274.28	250.4	162.15	201.54	136.09
Net Income to Common	288.89	274.28	250.4	162.15	201.54	136.09
Net Income Growth	-1.87%	9.54%	54.43%	-19.55%	48.09%	-66.83%
Shares Outstanding (Basic)	474	473	472	463	469	469
Shares Outstanding (Diluted)	474	473	472	463	469	469
Shares Change (YoY)	1.24%	0.09%	1.98%	-1.16%	-0.12%	-0.50%
EPS (Basic)	0.61	0.58	0.53	0.35	0.43	0.29
EPS (Diluted)	0.61	0.58	0.53	0.35	0.43	0.29
EPS Growth	-3.07%	9.43%	51.43%	-18.61%	48.28%	-66.67%
Free Cash Flow	512.47	262.12	437.22	392.22	244.78	50.75
Free Cash Flow Per Share	1.08	0.55	0.93	0.85	0.52	0.11
Dividend Per Share	0.800	0.670	0.530	0.150	0.150	0.110
Dividend Growth	-	26.41%	253.33%	-	36.36%	-72.50%
Gross Margin	28.76%	28.22%	27.11%	6.38%	25.39%	18.66%
Operating Margin	14.47%	19.87%	20.47%	16.30%	14.83%	8.40%
Profit Margin	15.75%	15.08%	13.61%	12.41%	14.39%	11.66%
Free Cash Flow Margin	27.93%	14.41%	23.76%	30.01%	17.47%	4.35%
EBITDA	443.91	535.59	545.17	386.13	384.38	261.16
EBITDA Margin	24.20%	29.44%	29.63%	29.54%	27.44%	22.38%
D&A For EBITDA	178.39	174.16	168.53	173.04	176.65	163.19
EBIT	265.52	361.43	376.64	213.09	207.73	97.97
EBIT Margin	14.47%	19.87%	20.47%	16.30%	14.83%	8.40%
Effective Tax Rate	27.38%	27.16%	29.60%	22.25%	29.82%	32.31%
Revenue as Reported	1,835	1,819	1,840	-	1,401	1,167

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