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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,580	3,285	2,045	850.25	385.44
Revenue Growth (YoY)	59.97%	60.60%	140.53%	120.59%	-
Cost of Revenue	172.76	166.33	137.96	62.88	63.14
Gross Profit	3,407	3,118	1,907	787.37	322.31
Selling, General & Admin	2,115	2,029	1,603	725.1	636.31
Research & Development	269.93	231.04	128.53	78.43	89.61
Operating Expenses	2,385	2,260	1,732	803.54	725.91
Operating Income	1,022	858.61	175.36	-16.17	-403.61
Interest & Investment Income	36.68	30.73	20.33	7.52	3.86
Currency Exchange Gain (Loss)	0.15	0.32	0.86	3.53	-0.13
Other Non Operating Income (Expenses)	1.6	1.96	4.73	2.48	0.02
EBT Excluding Unusual Items	1,061	891.61	201.28	-2.64	-399.86
Other Unusual Items	-0.2	-0.2	4.2	0.3	-
Pretax Income	1,060	891.41	205.48	-2.34	-399.86
Income Tax Expense	32.24	25.57	0.29	0.01	-
Earnings From Continuing Operations	1,028	865.85	205.19	-2.35	-399.86
Earnings From Discontinued Operations	-	-	-2.07	21.1	-41.65
Net Income	1,028	865.85	203.12	18.75	-441.51
Preferred Dividends & Other Adjustments	343.74	429.93	536.06	454.12	776.43
Net Income to Common	684.36	435.92	-332.94	-435.37	-1,218
Net Income Growth	246.25%	326.28%	983.17%	-	-
Shares Outstanding (Basic)	18	17	12	7	3
Shares Outstanding (Diluted)	45	45	12	7	3
Shares Change (YoY)	260.49%	283.70%	60.31%	130.82%	-
EPS (Basic)	38.61	26.07	-28.25	-59.22	-382.41
EPS (Diluted)	22.66	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	95.17%	94.94%	93.25%	92.61%	83.62%
Operating Margin	28.55%	26.14%	8.57%	-1.90%	-104.71%
Profit Margin	19.12%	13.27%	-16.28%	-51.20%	-315.99%
Free Cash Flow Margin	-	36.66%	21.38%	10.03%	-64.38%
EBITDA	1,025	861.51	178.47	-14.14	-401.73
EBITDA Margin	28.63%	26.23%	8.73%	-1.66%	-104.22%
D&A For EBITDA	2.85	2.9	3.11	2.03	1.88
EBIT	1,022	858.61	175.36	-16.17	-403.61
EBIT Margin	28.55%	26.14%	8.57%	-1.90%	-104.71%
Effective Tax Rate	3.04%	2.87%	0.14%	-	-

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

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