Yuanbao 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,796	3,285	2,045	850.25	385.44
Revenue Growth (YoY)	45.39%	60.60%	140.53%	120.59%	-
Cost of Revenue	172.86	166.33	137.96	62.88	63.14
Gross Profit	3,623	3,118	1,907	787.37	322.31
Selling, General & Admin	2,193	2,029	1,603	725.1	636.31
Research & Development	299.07	231.04	128.53	78.43	89.61
Operating Expenses	2,492	2,260	1,732	803.54	725.91
Operating Income	1,131	858.61	175.36	-16.17	-403.61
Interest & Investment Income	45.83	30.73	20.33	7.52	3.86
Currency Exchange Gain (Loss)	-1.68	0.32	0.86	3.53	-0.13
Other Non Operating Income (Expenses)	5.41	1.96	4.73	2.48	0.02
EBT Excluding Unusual Items	1,180	891.61	201.28	-2.64	-399.86
Other Unusual Items	-0.2	-0.2	4.2	0.3	-
Pretax Income	1,180	891.41	205.48	-2.34	-399.86
Income Tax Expense	43.36	25.57	0.29	0.01	-
Earnings From Continuing Operations	1,137	865.85	205.19	-2.35	-399.86
Earnings From Discontinued Operations	-	-	-2.07	21.1	-41.65
Net Income	1,137	865.85	203.12	18.75	-441.51
Preferred Dividends & Other Adjustments	-424.88	429.93	536.06	454.12	776.43
Net Income to Common	1,562	435.92	-332.94	-435.37	-1,218
Net Income Growth	150.57%	326.28%	983.17%	-	-
Shares Outstanding (Basic)	22	17	12	7	3
Shares Outstanding (Diluted)	46	45	12	7	3
Shares Change (YoY)	218.67%	283.70%	60.31%	130.82%	-
EPS (Basic)	69.96	26.07	-28.25	-59.22	-382.41
EPS (Diluted)	24.81	19.15	-28.26	-59.23	-382.41
Free Cash Flow	-	1,204	437.33	85.28	-248.14
Free Cash Flow Per Share	-	26.63	37.11	11.60	-77.91
Gross Margin	95.45%	94.94%	93.25%	92.61%	83.62%
Operating Margin	29.80%	26.14%	8.57%	-1.90%	-104.71%
Profit Margin	41.15%	13.27%	-16.28%	-51.20%	-315.99%
Free Cash Flow Margin	-	36.66%	21.38%	10.03%	-64.38%
EBITDA	1,134	861.51	178.47	-14.14	-401.73
EBITDA Margin	29.87%	26.23%	8.73%	-1.66%	-104.22%
D&A For EBITDA	2.7	2.9	3.11	2.03	1.88
EBIT	1,131	858.61	175.36	-16.17	-403.61
EBIT Margin	29.80%	26.14%	8.57%	-1.90%	-104.71%
Effective Tax Rate	3.67%	2.87%	0.14%	-	-

Updated Aug 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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