Baoding Technology 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,912	2,846	2,992	1,749	333.15	2,158
Other Revenue	48.26	48.26	49.93	41.79	20.01	14.19
Revenue	2,960	2,894	3,042	1,791	353.16	2,172
Revenue Growth (YoY)	1.37%	-4.85%	69.81%	407.17%	-83.74%	538.22%
Cost of Revenue	2,547	2,506	2,709	1,454	306.48	1,839
Gross Profit	413.28	388.14	332.67	336.73	46.69	333.61
Selling, General & Admin	162.35	155.95	217.63	105.34	34.01	91.71
Research & Development	96.49	89.91	118.39	58.84	15.31	69.8
Other Operating Expenses	8.82	5.79	5.43	42.86	5.43	8.51
Operating Expenses	271.34	259.85	333.92	217.59	59.83	177.48
Operating Income	141.93	128.29	-1.25	119.14	-13.14	156.12
Interest Expense	-58.15	-57.75	-56.32	-18.81	-	-78.73
Interest & Investment Income	2.97	84.96	16.01	8.39	14.59	9.42
Currency Exchange Gain (Loss)	2.37	2.37	-0.66	0.37	-0.39	4.39
Other Non Operating Income (Expenses)	-15.28	-1.76	-3.75	-10.48	-0.02	-39.19
EBT Excluding Unusual Items	73.84	156.11	-45.96	98.6	1.04	52.02
Impairment of Goodwill	-80.87	-80.87	-155.25	-8.4	-	-
Gain (Loss) on Sale of Investments	-7.89	-	-33.71	-	-	-2.23
Gain (Loss) on Sale of Assets	-0.96	0.3	0.85	0.04	1.32	0
Asset Writedown	2.11	-0.26	-0.52	-2.49	-0	-8.52
Legal Settlements	-	-	-	-9.1	-0.48	-0.52
Other Unusual Items	277.86	277.86	422.11	7.32	4.57	9.95
Pretax Income	264.09	353.14	187.52	85.97	6.46	50.7
Income Tax Expense	89.2	89.71	1.46	25.23	0.09	2.59
Earnings From Continuing Operations	174.88	263.43	186.06	60.73	6.37	48.11
Minority Interest in Earnings	12.01	-15.8	-0.85	10.15	-	-
Net Income	186.89	247.63	185.22	70.88	6.37	48.11
Net Income to Common	186.89	247.63	185.22	70.88	6.37	48.11
Net Income Growth	-8.46%	33.70%	161.30%	1013.27%	-86.77%	-14.20%
Shares Outstanding (Basic)	406	420	431	394	318	379
Shares Outstanding (Diluted)	406	420	431	394	318	379
Shares Change (YoY)	-4.31%	-2.56%	9.38%	23.70%	-16.03%	21.72%
EPS (Basic)	0.46	0.59	0.43	0.18	0.02	0.13
EPS (Diluted)	0.46	0.59	0.43	0.18	0.02	0.13
EPS Growth	-4.34%	37.21%	138.89%	800.00%	-84.24%	-29.51%
Free Cash Flow	-441.37	-281.12	-241.54	34.71	48.55	-109.88
Free Cash Flow Per Share	-1.09	-0.67	-0.56	0.09	0.15	-0.29
Dividend Per Share	0.200	0.140	-	-	-	-
Dividend Growth	42.86%	-	-	-	-	-
Gross Margin	13.96%	13.41%	10.94%	18.80%	13.22%	15.36%
Operating Margin	4.79%	4.43%	-0.04%	6.65%	-3.72%	7.19%
Profit Margin	6.31%	8.56%	6.09%	3.96%	1.80%	2.21%
Free Cash Flow Margin	-14.91%	-9.71%	-7.94%	1.94%	13.75%	-5.06%
EBITDA	327.91	331.97	226.03	240.65	26.3	263.27
EBITDA Margin	11.08%	11.47%	7.43%	13.44%	7.45%	12.12%
D&A For EBITDA	185.97	203.68	227.28	121.51	39.44	107.14
EBIT	141.93	128.29	-1.25	119.14	-13.14	156.12
EBIT Margin	4.79%	4.43%	-0.04%	6.65%	-3.72%	7.19%
Effective Tax Rate	33.78%	25.40%	0.78%	29.35%	1.41%	5.11%
Revenue as Reported	2,960	2,894	3,042	1,791	353.16	2,172

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