Bafang Electric (Suzhou) 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	1,374	1,353	1,642	2,845	2,646	1,397
Other Revenue	4.03	4.03	5.69	5.42	1.39	0.4
Revenue	1,378	1,357	1,648	2,850	2,647	1,397
Revenue Growth (YoY)	5.08%	-17.66%	-42.18%	7.66%	89.47%	16.76%
Cost of Revenue	1,075	1,042	1,247	1,995	1,742	793.58
Gross Profit	303.78	315.3	400.3	855.34	905.11	603.61
Selling, General & Admin	145.98	171.66	191.06	202.42	167.32	105.7
Research & Development	56.68	82.19	89.87	84.81	80.67	47.14
Other Operating Expenses	13.83	11.06	11.05	20.51	9.82	8.68
Operating Expenses	235.71	281.23	315.7	304.19	274.96	166.6
Operating Income	68.07	34.06	84.61	551.15	630.15	437.01
Interest Expense	-0.55	-0.66	-0.7	-1.04	-1.21	-
Interest & Investment Income	22.76	27.63	40.5	17.39	29.6	40.21
Currency Exchange Gain (Loss)	5.5	5.5	2.82	23.71	-6.65	-12.07
Other Non Operating Income (Expenses)	-1.57	-2.23	-0.75	-0.75	-0.39	-0.4
EBT Excluding Unusual Items	94.22	64.31	126.48	590.46	651.5	464.76
Gain (Loss) on Sale of Investments	0.69	2.05	-	-20.48	0.06	-
Gain (Loss) on Sale of Assets	6.33	6.48	-0.38	-0.03	0.02	0.21
Asset Writedown	-0.8	-	-	-	-0	-
Other Unusual Items	9.84	9.73	15.14	20.96	53.65	6.28
Pretax Income	110.28	82.57	141.24	590.92	705.23	471.24
Income Tax Expense	30.8	18.72	13.38	78.82	98.61	68.95
Net Income	79.49	63.85	127.86	512.09	606.62	402.29
Net Income to Common	79.49	63.85	127.86	512.09	606.62	402.29
Net Income Growth	35.64%	-50.07%	-75.03%	-15.58%	50.79%	24.22%
Shares Outstanding (Basic)	241	236	237	235	236	235
Shares Outstanding (Diluted)	241	236	237	235	236	235
Shares Change (YoY)	2.83%	-0.13%	0.73%	-0.36%	0.23%	29.78%
EPS (Basic)	0.33	0.27	0.54	2.18	2.57	1.71
EPS (Diluted)	0.33	0.27	0.54	2.18	2.57	1.71
EPS Growth	31.91%	-50.00%	-75.21%	-15.28%	50.44%	-4.28%
Free Cash Flow	151.41	51.33	171.22	82.78	108.51	118.52
Free Cash Flow Per Share	0.63	0.22	0.72	0.35	0.46	0.50
Dividend Per Share	0.100	0.100	0.714	1.020	1.020	1.020
Dividend Growth	-86.00%	-86.00%	-30.00%	-	-	100.00%
Gross Margin	22.04%	23.24%	24.29%	30.01%	34.19%	43.20%
Operating Margin	4.94%	2.51%	5.13%	19.34%	23.80%	31.28%
Profit Margin	5.77%	4.71%	7.76%	17.97%	22.91%	28.79%
Free Cash Flow Margin	10.98%	3.78%	10.39%	2.90%	4.10%	8.48%
EBITDA	126.88	83.01	120.4	583.52	641.66	444.68
EBITDA Margin	9.21%	6.12%	7.31%	20.47%	24.24%	31.83%
D&A For EBITDA	58.82	48.95	35.79	32.38	11.51	7.67
EBIT	68.07	34.06	84.61	551.15	630.15	437.01
EBIT Margin	4.94%	2.51%	5.13%	19.34%	23.80%	31.28%
Effective Tax Rate	27.92%	22.67%	9.47%	13.34%	13.98%	14.63%
Revenue as Reported	1,378	1,357	1,648	2,850	2,647	1,397

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