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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,401	1,328	1,353	1,642	2,845	2,646
Other Revenue	9.35	9.35	4.03	5.69	5.42	1.39
Revenue	1,411	1,337	1,357	1,648	2,850	2,647
Revenue Growth (YoY)	3.58%	-1.47%	-17.66%	-42.18%	7.66%	89.47%
Cost of Revenue	1,057	1,014	1,042	1,247	1,995	1,742
Gross Profit	353.97	323.34	315.3	400.3	855.34	905.11
Selling, General & Admin	147.53	148.85	171.66	191.06	202.42	167.32
Research & Development	60.23	57.97	82.19	89.87	84.81	80.67
Other Operating Expenses	11.43	12.48	11.06	11.05	20.51	9.82
Operating Expenses	229.86	229.98	281.23	315.7	304.19	274.96
Operating Income	124.11	93.37	34.06	84.61	551.15	630.15
Interest Expense	-0.35	-0.35	-0.66	-0.7	-1.04	-1.21
Interest & Investment Income	18.86	19.49	27.63	40.5	17.39	29.6
Currency Exchange Gain (Loss)	1.45	1.45	5.5	2.82	23.71	-6.65
Other Non Operating Income (Expenses)	-5.57	-0.11	-2.23	-0.75	-0.75	-0.39
EBT Excluding Unusual Items	138.5	113.85	64.31	126.48	590.46	651.5
Gain (Loss) on Sale of Investments	3.29	2.26	2.05	-	-20.48	0.06
Gain (Loss) on Sale of Assets	-0.12	-0.12	6.48	-0.38	-0.03	0.02
Asset Writedown	-2.86	-3.44	-	-	-	-0
Other Unusual Items	1.46	1.46	9.73	15.14	20.96	53.65
Pretax Income	140.26	114.01	82.57	141.24	590.92	705.23
Income Tax Expense	14.53	11.19	18.72	13.38	78.82	98.61
Net Income	125.73	102.82	63.85	127.86	512.09	606.62
Net Income to Common	125.73	102.82	63.85	127.86	512.09	606.62
Net Income Growth	81.81%	61.04%	-50.07%	-75.03%	-15.58%	50.79%
Shares Outstanding (Basic)	232	234	236	237	235	236
Shares Outstanding (Diluted)	232	234	236	237	235	236
Shares Change (YoY)	-2.61%	-1.18%	-0.13%	0.73%	-0.36%	0.23%
EPS (Basic)	0.54	0.44	0.27	0.54	2.18	2.57
EPS (Diluted)	0.54	0.44	0.27	0.54	2.18	2.57
EPS Growth	86.67%	62.96%	-50.00%	-75.21%	-15.28%	50.44%
Free Cash Flow	48.93	49.41	51.33	171.22	82.78	108.51
Free Cash Flow Per Share	0.21	0.21	0.22	0.72	0.35	0.46
Dividend Per Share	0.150	0.150	0.100	0.714	1.020	1.020
Dividend Growth	50.00%	50.00%	-86.00%	-30.00%	-	-
Gross Margin	25.09%	24.19%	23.24%	24.29%	30.01%	34.19%
Operating Margin	8.80%	6.98%	2.51%	5.13%	19.34%	23.80%
Profit Margin	8.91%	7.69%	4.71%	7.76%	17.97%	22.91%
Free Cash Flow Margin	3.47%	3.70%	3.78%	10.39%	2.90%	4.10%
EBITDA	178.98	147.56	85.57	120.4	583.52	641.66
EBITDA Margin	12.69%	11.04%	6.31%	7.31%	20.47%	24.24%
D&A For EBITDA	54.87	54.2	51.51	35.79	32.38	11.51
EBIT	124.11	93.37	34.06	84.61	551.15	630.15
EBIT Margin	8.80%	6.98%	2.51%	5.13%	19.34%	23.80%
Effective Tax Rate	10.36%	9.82%	22.67%	9.47%	13.34%	13.98%
Revenue as Reported	1,337	1,337	1,357	1,648	2,850	2,647

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