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

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