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 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	23,669	22,710	19,890	30,316	31,999	17,298
Other Revenue	326.45	326.45	340.31	390.64	34.11	307.85
Revenue	23,995	23,036	20,230	30,706	32,033	17,606
Revenue Growth (YoY)	19.41%	13.87%	-34.12%	-4.14%	81.94%	65.11%
Cost of Revenue	18,227	17,350	15,012	24,557	25,739	12,617
Gross Profit	5,768	5,687	5,219	6,150	6,294	4,989
Selling, General & Admin	2,569	2,590	2,482	2,345	2,463	2,256
Research & Development	1,026	1,052	980.56	1,153	1,506	805.55
Other Operating Expenses	99.28	84.63	76.35	130.91	157.63	165.3
Operating Expenses	3,704	3,748	3,532	3,576	4,253	3,314
Operating Income	2,065	1,938	1,687	2,574	2,041	1,676
Interest Expense	-599.69	-575.83	-513.08	-605.16	-558.67	-500.13
Interest & Investment Income	95.95	224.83	323.56	374.36	1,260	1,008
Currency Exchange Gain (Loss)	-164.94	-164.94	63.64	51.96	5.46	-17.09
Other Non Operating Income (Expenses)	-78.6	-14.62	-36.15	-37.11	-28.36	-39.66
EBT Excluding Unusual Items	1,317	1,408	1,525	2,358	2,719	2,127
Impairment of Goodwill	-31	-31	-28.7	-34.13	-10.44	-
Gain (Loss) on Sale of Investments	112.58	189.4	-205.41	-308.05	-31.76	-169.48
Gain (Loss) on Sale of Assets	-3.21	-4.39	-1.24	-5.07	2.64	6.33
Asset Writedown	-59.45	-52.23	-36.34	-46.04	-30.86	-29.45
Other Unusual Items	182.67	182.67	155.73	279.72	220.33	224.1
Pretax Income	1,519	1,692	1,409	2,244	2,869	2,158
Income Tax Expense	325.32	342.06	376.68	563.09	401.03	399.33
Earnings From Continuing Operations	1,194	1,350	1,032	1,681	2,468	1,759
Minority Interest in Earnings	-1,142	-1,147	-859.7	-924.49	-1,311	-723.53
Net Income	51.93	203.04	172.63	756.46	1,157	1,036
Net Income to Common	51.93	203.04	172.63	756.46	1,157	1,036
Net Income Growth	-80.80%	17.62%	-77.18%	-34.63%	11.73%	56.49%
Shares Outstanding (Basic)	2,578	2,580	2,580	2,579	2,579	2,579
Shares Outstanding (Diluted)	2,578	2,580	2,580	2,579	2,579	2,579
Shares Change (YoY)	-0.06%	-0.02%	0.05%	-0.01%	0.00%	0.01%
EPS (Basic)	0.02	0.08	0.07	0.29	0.45	0.40
EPS (Diluted)	0.02	0.08	0.07	0.29	0.45	0.40
EPS Growth	-80.79%	17.64%	-77.19%	-34.62%	11.73%	56.47%
Free Cash Flow	-980.24	-1,322	-2,264	3,072	-3,399	-2,290
Free Cash Flow Per Share	-0.38	-0.51	-0.88	1.19	-1.32	-0.89
Dividend Per Share	0.030	0.030	0.030	0.045	0.035	0.035
Dividend Growth	-	-	-33.33%	28.57%	-	16.67%
Gross Margin	24.04%	24.69%	25.80%	20.03%	19.65%	28.34%
Operating Margin	8.60%	8.42%	8.34%	8.38%	6.37%	9.52%
Profit Margin	0.22%	0.88%	0.85%	2.46%	3.61%	5.88%
Free Cash Flow Margin	-4.08%	-5.74%	-11.19%	10.01%	-10.61%	-13.01%
EBITDA	3,605	3,401	2,838	3,505	2,729	2,228
EBITDA Margin	15.02%	14.76%	14.03%	11.42%	8.52%	12.66%
D&A For EBITDA	1,541	1,463	1,151	931.68	688.35	552.76
EBIT	2,065	1,938	1,687	2,574	2,041	1,676
EBIT Margin	8.60%	8.42%	8.34%	8.38%	6.37%	9.52%
Effective Tax Rate	21.42%	20.21%	26.73%	25.09%	13.98%	18.50%
Revenue as Reported	23,995	23,036	20,230	30,706	32,033	17,606
Advertising Expenses	-	101.34	21.88	32.58	35.71	25.36

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