Bafang Electric (Suzhou) Co.,Ltd. (SHA:603489)

Bafang Electric (Suzhou) Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,358	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	1,362	1,357	1,648	2,850	2,647	1,397
Revenue Growth (YoY)	-8.72%	-17.66%	-42.18%	7.66%	89.47%	16.76%
Cost of Revenue	1,053	1,042	1,247	1,995	1,742	793.58
Gross Profit	308.36	315.3	400.3	855.34	905.11	603.61
Selling, General & Admin	164.5	171.66	191.06	202.42	167.32	105.7
Research & Development	75.7	82.19	89.87	84.81	80.67	47.14
Other Operating Expenses	12.85	11.06	11.05	20.51	9.82	8.68
Operating Expenses	268.93	281.23	315.7	304.19	274.96	166.6
Operating Income	39.43	34.06	84.61	551.15	630.15	437.01
Interest Expense	-0.62	-0.66	-0.7	-1.04	-1.21	-
Interest & Investment Income	30.52	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)	-2.4	-2.23	-0.75	-0.75	-0.39	-0.4
EBT Excluding Unusual Items	72.44	64.31	126.48	590.46	651.5	464.76
Gain (Loss) on Sale of Investments	1.71	2.05	-	-20.48	0.06	-
Gain (Loss) on Sale of Assets	6.44	6.48	-0.38	-0.03	0.02	0.21
Asset Writedown	-0.38	-	-	-	-0	-
Other Unusual Items	9.77	9.73	15.14	20.96	53.65	6.28
Pretax Income	89.98	82.57	141.24	590.92	705.23	471.24
Income Tax Expense	20.82	18.72	13.38	78.82	98.61	68.95
Net Income	69.15	63.85	127.86	512.09	606.62	402.29
Net Income to Common	69.15	63.85	127.86	512.09	606.62	402.29
Net Income Growth	-29.30%	-50.07%	-75.03%	-15.58%	50.79%	24.22%
Shares Outstanding (Basic)	238	236	237	235	236	235
Shares Outstanding (Diluted)	238	236	237	235	236	235
Shares Change (YoY)	0.20%	-0.13%	0.73%	-0.36%	0.23%	29.78%
EPS (Basic)	0.29	0.27	0.54	2.18	2.57	1.71
EPS (Diluted)	0.29	0.27	0.54	2.18	2.57	1.71
EPS Growth	-29.45%	-50.00%	-75.21%	-15.28%	50.44%	-4.28%
Free Cash Flow	70.64	51.33	171.22	82.78	108.51	118.52
Free Cash Flow Per Share	0.30	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	22.64%	23.24%	24.29%	30.01%	34.19%	43.20%
Operating Margin	2.90%	2.51%	5.13%	19.34%	23.80%	31.28%
Profit Margin	5.08%	4.71%	7.76%	17.97%	22.91%	28.79%
Free Cash Flow Margin	5.19%	3.78%	10.39%	2.90%	4.10%	8.48%
EBITDA	91.67	83.01	120.4	583.52	641.66	444.68
EBITDA Margin	6.73%	6.12%	7.31%	20.47%	24.24%	31.83%
D&A For EBITDA	52.24	48.95	35.79	32.38	11.51	7.67
EBIT	39.43	34.06	84.61	551.15	630.15	437.01
EBIT Margin	2.90%	2.51%	5.13%	19.34%	23.80%	31.28%
Effective Tax Rate	23.14%	22.67%	9.47%	13.34%	13.98%	14.63%
Revenue as Reported	1,362	1,357	1,648	2,850	2,647	1,397

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.