Guangzhou Baiyun Electric Equipment Co., Ltd. (SHA:603861)

SHA:603861 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,855	4,937	4,290	3,427	3,476	3,007
Other Revenue	48.67	48.67	40.97	38.01	36.64	20.95
Revenue	4,904	4,985	4,330	3,465	3,513	3,028
Revenue Growth (YoY)	-0.56%	15.12%	24.97%	-1.36%	16.00%	5.85%
Cost of Revenue	4,007	4,115	3,619	2,892	2,884	2,387
Gross Profit	896.91	870.07	711.25	573.26	628.66	641.35
Selling, General & Admin	376.17	430.36	398.52	374.72	398.96	352.01
Research & Development	156.88	170.36	141.34	116.99	126.07	96.75
Other Operating Expenses	24.36	20.12	14.23	29.93	25.92	27.46
Operating Expenses	620.02	644.77	579.4	523.89	572.17	549.59
Operating Income	276.89	225.3	131.85	49.37	56.49	91.76
Interest Expense	-59.98	-86.21	-83.93	-77.8	-66.38	-86.23
Interest & Investment Income	43.79	65.78	85.85	68.76	46.98	52.62
Currency Exchange Gain (Loss)	0.92	0.92	4.77	-15.54	2.62	-1.25
Other Non Operating Income (Expenses)	-1.14	-4.6	-11.35	-5.52	1.96	-8.69
EBT Excluding Unusual Items	260.48	201.19	127.19	19.27	41.67	48.21
Gain (Loss) on Sale of Investments	11.21	8.69	6.16	-6.73	-16.8	42.65
Gain (Loss) on Sale of Assets	-0.99	0.13	0.01	-0.11	0.6	0.02
Asset Writedown	-31.94	-0.42	-0.7	-	-0.46	-0.06
Other Unusual Items	22.58	21.57	8.33	13.86	27.59	17.07
Pretax Income	261.35	231.15	141	26.28	52.61	107.89
Income Tax Expense	31.62	41.3	32.57	1.48	8.38	21.62
Earnings From Continuing Operations	229.73	189.85	108.43	24.81	44.23	86.27
Minority Interest in Earnings	-9.13	6.45	1.21	10.87	11.87	7.9
Net Income	220.59	196.3	109.64	35.67	56.1	94.17
Net Income to Common	220.59	196.3	109.64	35.67	56.1	94.17
Net Income Growth	27.75%	79.05%	207.33%	-36.41%	-40.42%	-40.86%
Shares Outstanding (Basic)	499	436	439	446	439	442
Shares Outstanding (Diluted)	499	436	439	446	439	442
Shares Change (YoY)	15.55%	-0.53%	-1.65%	1.58%	-0.71%	-1.16%
EPS (Basic)	0.44	0.45	0.25	0.08	0.13	0.21
EPS (Diluted)	0.44	0.45	0.25	0.08	0.13	0.21
EPS Growth	10.56%	80.00%	212.50%	-37.40%	-40.00%	-40.17%
Free Cash Flow	-441.45	-172.99	-273.71	531.69	-51.32	-63.55
Free Cash Flow Per Share	-0.89	-0.40	-0.62	1.19	-0.12	-0.14
Dividend Per Share	0.146	0.100	0.084	0.025	0.039	0.066
Dividend Growth	73.26%	19.05%	236.00%	-35.90%	-40.91%	-40.00%
Gross Margin	18.29%	17.45%	16.42%	16.54%	17.90%	21.18%
Operating Margin	5.65%	4.52%	3.04%	1.43%	1.61%	3.03%
Profit Margin	4.50%	3.94%	2.53%	1.03%	1.60%	3.11%
Free Cash Flow Margin	-9.00%	-3.47%	-6.32%	15.34%	-1.46%	-2.10%
EBITDA	378.73	334.66	251.26	142.14	146.69	178.3
EBITDA Margin	7.72%	6.71%	5.80%	4.10%	4.18%	5.89%
D&A For EBITDA	101.83	109.37	119.41	92.77	90.2	86.54
EBIT	276.89	225.3	131.85	49.37	56.49	91.76
EBIT Margin	5.65%	4.52%	3.04%	1.43%	1.61%	3.03%
Effective Tax Rate	12.10%	17.87%	23.10%	5.62%	15.92%	20.04%
Revenue as Reported	4,904	4,985	4,330	3,465	3,513	3,028

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