CIMC Vehicles (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	19,835	19,782	20,492	24,722	23,398	27,241
Other Revenue	396.09	396.09	506.69	364.78	222.9	407.19
Revenue	20,232	20,178	20,998	25,087	23,621	27,648
Revenue Growth (YoY)	-1.00%	-3.91%	-16.30%	6.21%	-14.57%	4.33%
Cost of Revenue	17,022	17,009	17,624	20,572	20,550	24,669
Gross Profit	3,210	3,168	3,375	4,515	3,070	2,978
Selling, General & Admin	1,462	1,453	1,467	1,917	1,531	1,563
Research & Development	477.64	457.55	388.63	396.52	305.58	397.82
Other Operating Expenses	75.72	66.32	39.81	89.51	90.67	98.18
Operating Expenses	2,158	2,102	2,110	2,492	1,960	2,077
Operating Income	1,051	1,066	1,264	2,023	1,111	901.76
Interest Expense	-17.4	-18.59	-40.17	-43.42	-50.33	-45.89
Interest & Investment Income	172.18	166.2	172.83	1,217	73.3	77.58
Currency Exchange Gain (Loss)	-18.64	-18.64	27.78	-11.34	76.21	-23.83
Other Non Operating Income (Expenses)	-23.26	-15.91	0.49	14.38	-7.24	-18.73
EBT Excluding Unusual Items	1,164	1,179	1,425	3,199	1,203	890.89
Impairment of Goodwill	-	-	-	-	-	-12.73
Gain (Loss) on Sale of Investments	-14.25	-8.24	-7.12	-0.1	-31.26	-20.23
Gain (Loss) on Sale of Assets	23.55	25.24	7.51	12.32	224.18	177.12
Asset Writedown	-10.87	-7.88	-0.88	-20.68	-3.1	-2.27
Other Unusual Items	38.35	37.81	3.49	70.05	81.98	141.74
Pretax Income	1,201	1,226	1,428	3,261	1,475	1,176
Income Tax Expense	287.71	299.66	346.88	813	361.17	188.5
Earnings From Continuing Operations	913.4	926.64	1,081	2,448	1,114	987.66
Minority Interest in Earnings	-31.55	-23.13	4.19	7.91	4.35	-86.91
Net Income	881.85	903.52	1,085	2,456	1,118	900.75
Net Income to Common	881.85	903.52	1,085	2,456	1,118	900.75
Net Income Growth	-11.73%	-16.75%	-55.80%	119.66%	24.11%	-20.40%
Shares Outstanding (Basic)	1,918	1,874	1,934	2,013	2,033	1,877
Shares Outstanding (Diluted)	1,918	1,874	1,934	2,013	2,033	1,877
Shares Change (YoY)	2.52%	-3.09%	-3.92%	-0.97%	8.32%	6.14%
EPS (Basic)	0.46	0.48	0.56	1.22	0.55	0.48
EPS (Diluted)	0.46	0.48	0.56	1.22	0.55	0.48
EPS Growth	-14.08%	-14.29%	-54.10%	121.82%	14.58%	-25.00%
Free Cash Flow	1,140	1,116	1,771	1,271	616.17	-890.2
Free Cash Flow Per Share	0.59	0.59	0.92	0.63	0.30	-0.47
Dividend Per Share	0.210	0.210	0.560	-	0.300	0.200
Dividend Growth	-62.50%	-62.50%	-	-	50.00%	-
Gross Margin	15.87%	15.70%	16.07%	18.00%	13.00%	10.77%
Operating Margin	5.20%	5.29%	6.02%	8.06%	4.70%	3.26%
Profit Margin	4.36%	4.48%	5.17%	9.79%	4.73%	3.26%
Free Cash Flow Margin	5.64%	5.53%	8.43%	5.07%	2.61%	-3.22%
EBITDA	1,535	1,555	1,771	2,525	1,595	1,365
EBITDA Margin	7.59%	7.70%	8.43%	10.07%	6.75%	4.94%
D&A For EBITDA	483.68	488.27	506.65	502.16	484.44	462.81
EBIT	1,051	1,066	1,264	2,023	1,111	901.76
EBIT Margin	5.20%	5.29%	6.02%	8.06%	4.70%	3.26%
Effective Tax Rate	23.95%	24.44%	24.29%	24.93%	24.49%	16.03%
Revenue as Reported	53.95	-	-	25,087	23,621	27,648
Advertising Expenses	-	14.25	14.17	-	10.69	19.88

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