China Baoan 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	2016 - 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	Jan '21 Jan 1, 2021	2016 - 2020
Operating Revenue	22,067	19,890	30,316	31,999	17,298	10,465	Upgrade
Other Revenue	339.47	340.31	390.64	34.11	307.85	198.68	Upgrade
Revenue	22,406	20,230	30,706	32,033	17,606	10,664	Upgrade
Revenue Growth (YoY)	7.59%	-34.12%	-4.14%	81.94%	65.11%	-11.17%	Upgrade
Cost of Revenue	16,712	15,012	24,557	25,739	12,617	7,242	Upgrade
Gross Profit	5,694	5,219	6,150	6,294	4,989	3,421	Upgrade
Selling, General & Admin	2,452	2,482	2,345	2,463	2,256	1,870	Upgrade
Research & Development	1,135	980.56	1,153	1,506	805.55	430.23	Upgrade
Other Operating Expenses	28.26	98.43	132.44	157.63	165.3	188.77	Upgrade
Operating Expenses	3,646	3,554	3,578	4,253	3,314	2,584	Upgrade
Operating Income	2,049	1,665	2,572	2,041	1,676	837.63	Upgrade
Interest Expense	-513.08	-513.08	-605.16	-558.67	-500.13	-551.86	Upgrade
Interest & Investment Income	539.48	323.56	374.36	1,260	1,008	646.16	Upgrade
Currency Exchange Gain (Loss)	63.64	63.64	51.96	5.46	-17.09	-48.51	Upgrade
Other Non Operating Income (Expenses)	-276.57	-36.15	-37.11	-28.36	-39.66	-54.08	Upgrade
EBT Excluding Unusual Items	1,862	1,503	2,356	2,719	2,127	829.35	Upgrade
Impairment of Goodwill	-28.7	-28.7	-34.13	-10.44	-	-34.84	Upgrade
Gain (Loss) on Sale of Investments	-166.01	-205.41	-308.05	-31.76	-169.48	433.12	Upgrade
Gain (Loss) on Sale of Assets	-4.46	-1.24	-5.07	2.64	6.33	7.65	Upgrade
Asset Writedown	-37.55	-36.34	-46.04	-30.86	-29.45	-23.75	Upgrade
Other Unusual Items	177.81	177.81	281.25	220.33	224.1	211.47	Upgrade
Pretax Income	1,803	1,409	2,244	2,869	2,158	1,423	Upgrade
Income Tax Expense	368.51	376.68	563.09	401.03	399.33	355.21	Upgrade
Earnings From Continuing Operations	1,435	1,032	1,681	2,468	1,759	1,068	Upgrade
Minority Interest in Earnings	-1,364	-859.7	-924.49	-1,311	-723.53	-406.03	Upgrade
Net Income	70.48	172.63	756.46	1,157	1,036	661.76	Upgrade
Net Income to Common	70.48	172.63	756.46	1,157	1,036	661.76	Upgrade
Net Income Growth	-84.79%	-77.18%	-34.63%	11.73%	56.49%	119.75%	Upgrade
Shares Outstanding (Basic)	2,580	2,580	2,579	2,579	2,579	2,579	Upgrade
Shares Outstanding (Diluted)	2,580	2,580	2,579	2,579	2,579	2,579	Upgrade
Shares Change (YoY)	0.03%	0.05%	-0.01%	0.00%	0.01%	0.03%	Upgrade
EPS (Basic)	0.03	0.07	0.29	0.45	0.40	0.26	Upgrade
EPS (Diluted)	0.03	0.07	0.29	0.45	0.40	0.26	Upgrade
EPS Growth	-84.79%	-77.19%	-34.62%	11.73%	56.47%	119.69%	Upgrade
Free Cash Flow	-1,459	-2,264	3,072	-3,399	-2,290	-377.45	Upgrade
Free Cash Flow Per Share	-0.56	-0.88	1.19	-1.32	-0.89	-0.15	Upgrade
Dividend Per Share	0.030	0.030	0.045	0.035	0.035	0.030	Upgrade
Dividend Growth	-33.33%	-33.33%	28.57%	-	16.67%	50.00%	Upgrade
Gross Margin	25.41%	25.80%	20.03%	19.65%	28.34%	32.09%	Upgrade
Operating Margin	9.14%	8.23%	8.38%	6.37%	9.52%	7.85%	Upgrade
Profit Margin	0.32%	0.85%	2.46%	3.61%	5.88%	6.21%	Upgrade
Free Cash Flow Margin	-6.51%	-11.19%	10.01%	-10.61%	-13.01%	-3.54%	Upgrade
EBITDA	3,341	2,803	3,504	2,729	2,228	1,343	Upgrade
EBITDA Margin	14.91%	13.85%	11.41%	8.52%	12.66%	12.59%	Upgrade
D&A For EBITDA	1,292	1,138	931.68	688.35	552.76	505.08	Upgrade
EBIT	2,049	1,665	2,572	2,041	1,676	837.63	Upgrade
EBIT Margin	9.14%	8.23%	8.38%	6.37%	9.52%	7.85%	Upgrade
Effective Tax Rate	20.44%	26.73%	25.09%	13.98%	18.50%	24.96%	Upgrade
Revenue as Reported	22,406	20,230	30,706	32,033	17,606	10,664	Upgrade
Advertising Expenses	-	21.88	32.58	35.71	25.36	30.05	Upgrade

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