BAIC Motor Corporation 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	2015 - 2019
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	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	169,273	192,496	197,949	190,463	175,916	176,973	Upgrade
Revenue Growth (YoY)	-9.75%	-2.76%	3.93%	8.27%	-0.60%	0.89%	Upgrade
Cost of Revenue	151,051	161,609	159,651	148,128	138,272	134,833	Upgrade
Gross Profit	18,222	30,887	38,299	42,334	37,643	42,140	Upgrade
Selling, General & Admin	10,757	13,505	15,181	16,515	16,111	19,294	Upgrade
Other Operating Expenses	-1,827	-366.61	213.09	141.97	-1,847	-359.94	Upgrade
Operating Expenses	8,926	13,138	15,394	16,657	14,263	18,934	Upgrade
Operating Income	9,296	17,749	22,904	25,678	23,380	23,206	Upgrade
Interest Expense	-92.5	-206.8	-329.19	-496.9	-704.96	-676.29	Upgrade
Interest & Investment Income	372.61	372.61	525.83	659.63	887.14	952.95	Upgrade
Earnings From Equity Investments	-1,254	-1,254	-1,600	-1,281	-1,101	-2,015	Upgrade
Currency Exchange Gain (Loss)	-399.21	-399.21	-278.34	404.37	604.31	-825.54	Upgrade
Other Non Operating Income (Expenses)	-129.25	-116.24	-165.89	-161.56	-121.28	-176.51	Upgrade
EBT Excluding Unusual Items	7,794	16,146	21,057	24,802	22,945	20,466	Upgrade
Gain (Loss) on Sale of Investments	370.8	-	-	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-136.98	-168.82	-56.88	-72.99	-24.24	-36.17	Upgrade
Pretax Income	8,308	15,977	21,000	24,729	22,920	20,430	Upgrade
Income Tax Expense	4,289	6,144	7,374	8,394	7,769	7,475	Upgrade
Earnings From Continuing Operations	4,020	9,833	13,626	16,335	15,151	12,955	Upgrade
Minority Interest in Earnings	-6,114	-8,877	-10,596	-12,139	-11,293	-10,926	Upgrade
Net Income	-2,095	955.84	3,030	4,197	3,858	2,029	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	-	112	Upgrade
Net Income to Common	-2,095	955.84	3,030	4,197	3,858	1,917	Upgrade
Net Income Growth	-	-68.46%	-27.79%	8.77%	90.17%	-59.39%	Upgrade
Shares Outstanding (Basic)	8,015	8,015	8,015	8,015	8,015	8,015	Upgrade
Shares Outstanding (Diluted)	8,015	8,015	8,015	8,015	8,015	8,015	Upgrade
EPS (Basic)	-0.26	0.12	0.38	0.52	0.48	0.24	Upgrade
EPS (Diluted)	-0.26	0.12	0.38	0.52	0.48	0.24	Upgrade
EPS Growth	-	-68.46%	-27.79%	8.77%	101.28%	-60.76%	Upgrade
Free Cash Flow	8,867	23,501	18,147	13,946	5,620	16,229	Upgrade
Free Cash Flow Per Share	1.11	2.93	2.26	1.74	0.70	2.02	Upgrade
Dividend Per Share	-	-	0.130	0.170	0.160	0.080	Upgrade
Dividend Growth	-	-	-23.53%	6.25%	100.00%	-52.94%	Upgrade
Gross Margin	10.76%	16.05%	19.35%	22.23%	21.40%	23.81%	Upgrade
Operating Margin	5.49%	9.22%	11.57%	13.48%	13.29%	13.11%	Upgrade
Profit Margin	-1.24%	0.50%	1.53%	2.20%	2.19%	1.08%	Upgrade
Free Cash Flow Margin	5.24%	12.21%	9.17%	7.32%	3.19%	9.17%	Upgrade
EBITDA	15,192	23,842	29,259	32,136	29,617	29,344	Upgrade
EBITDA Margin	8.97%	12.39%	14.78%	16.87%	16.84%	16.58%	Upgrade
D&A For EBITDA	5,896	6,093	6,354	6,459	6,237	6,137	Upgrade
EBIT	9,296	17,749	22,904	25,678	23,380	23,206	Upgrade
EBIT Margin	5.49%	9.22%	11.57%	13.48%	13.29%	13.11%	Upgrade
Effective Tax Rate	51.62%	38.45%	35.11%	33.94%	33.89%	36.59%	Upgrade
Advertising Expenses	-	1,361	1,912	1,632	1,654	1,781	Upgrade

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