Baiyang Investment Group, Inc. (SHE:002696)

Baiyang Investment Group 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,886	3,061	2,705	3,161	2,833	2,476
Other Revenue	16.52	16.52	15.23	53.18	71.8	6.08
Revenue	3,902	3,078	2,720	3,214	2,905	2,483
Revenue Growth (YoY)	35.77%	13.14%	-15.36%	10.63%	17.03%	-12.71%
Cost of Revenue	3,513	2,811	2,502	2,835	2,607	2,243
Gross Profit	389.38	266.39	218.38	379.22	298.52	239.63
Selling, General & Admin	207.34	176.27	180.33	180.83	178.93	148.18
Research & Development	4.23	4.92	4.94	6.52	4.58	-
Other Operating Expenses	17.87	19.25	15.58	25.98	22.73	3.06
Operating Expenses	272.7	267.74	245.93	299.05	265.33	183.88
Operating Income	116.68	-1.35	-27.55	80.16	33.19	55.76
Interest Expense	-43.12	-36.8	-32.52	-34.47	-44.18	-53.55
Interest & Investment Income	14.74	20.32	12.11	3.81	28.14	31.46
Currency Exchange Gain (Loss)	13.17	13.17	7.22	9.32	-3.89	-15.61
Other Non Operating Income (Expenses)	0.28	-2.25	-3.03	-2.35	-2.2	1.61
EBT Excluding Unusual Items	101.75	-6.91	-43.78	56.47	11.06	19.66
Gain (Loss) on Sale of Investments	-1.07	-1.07	-	-0.64	-	-
Gain (Loss) on Sale of Assets	0.16	0.17	0.19	-0.67	-0.01	-0.12
Asset Writedown	-45.65	-3.35	-0	-0.28	-0.05	-2.32
Legal Settlements	-0.53	-0.53	-0.83	-1.08	-0.28	-
Other Unusual Items	4.37	1.63	5.17	8.85	16.45	20.9
Pretax Income	59.03	-10.07	-39.25	62.65	27.18	38.12
Income Tax Expense	11.28	3.17	-15.93	-4.94	-4.89	11.66
Earnings From Continuing Operations	47.75	-13.24	-23.32	67.59	32.07	26.46
Minority Interest in Earnings	3.71	-2.02	-4.28	-5.25	-5.24	-4.19
Net Income	51.46	-15.25	-27.59	62.34	26.83	22.27
Net Income to Common	51.46	-15.25	-27.59	62.34	26.83	22.27
Net Income Growth	-	-	-	132.33%	20.51%	-
Shares Outstanding (Basic)	397	381	345	346	335	371
Shares Outstanding (Diluted)	397	381	345	346	335	371
Shares Change (YoY)	42.65%	10.56%	-0.41%	3.26%	-9.62%	-6.48%
EPS (Basic)	0.13	-0.04	-0.08	0.18	0.08	0.06
EPS (Diluted)	0.13	-0.04	-0.08	0.18	0.08	0.06
EPS Growth	-	-	-	125.00%	33.33%	-
Free Cash Flow	-576.33	-170.56	152.27	101.83	-95.25	-30.52
Free Cash Flow Per Share	-1.45	-0.45	0.44	0.29	-0.28	-0.08
Gross Margin	9.98%	8.65%	8.03%	11.80%	10.27%	9.65%
Operating Margin	2.99%	-0.04%	-1.01%	2.49%	1.14%	2.25%
Profit Margin	1.32%	-0.50%	-1.01%	1.94%	0.92%	0.90%
Free Cash Flow Margin	-14.77%	-5.54%	5.60%	3.17%	-3.28%	-1.23%
EBITDA	223.37	101.8	70.88	176.53	130.46	148.93
EBITDA Margin	5.72%	3.31%	2.61%	5.49%	4.49%	6.00%
D&A For EBITDA	106.69	103.15	98.43	96.37	97.27	93.17
EBIT	116.68	-1.35	-27.55	80.16	33.19	55.76
EBIT Margin	2.99%	-0.04%	-1.01%	2.49%	1.14%	2.25%
Effective Tax Rate	19.11%	-	-	-	-	30.58%
Revenue as Reported	3,902	3,078	2,720	3,214	2,905	2,483

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