BAIC Motor Corporation Limited (VIE:2B5)

BAIC Motor Corporation 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	188,418	192,496	197,949	190,463	175,916	176,973
Revenue Growth (YoY)	-4.25%	-2.76%	3.93%	8.27%	-0.60%	0.89%
Cost of Revenue	160,344	161,609	159,651	148,128	138,272	134,833
Gross Profit	28,074	30,887	38,299	42,334	37,643	42,140
Selling, General & Admin	12,308	13,505	15,181	16,515	16,111	19,294
Other Operating Expenses	-434.36	-366.61	213.09	141.97	-1,847	-359.94
Operating Expenses	12,002	13,138	15,394	16,657	14,263	18,934
Operating Income	16,072	17,749	22,904	25,678	23,380	23,206
Interest Expense	-	-206.8	-329.19	-496.9	-704.96	-676.29
Interest & Investment Income	726.45	372.61	525.83	659.63	887.14	952.95
Earnings From Equity Investments	-1,047	-1,254	-1,600	-1,281	-1,101	-2,015
Currency Exchange Gain (Loss)	-399.21	-399.21	-278.34	404.37	604.31	-825.54
Other Non Operating Income (Expenses)	-124.75	-116.24	-165.89	-161.56	-121.28	-176.51
EBT Excluding Unusual Items	15,227	16,146	21,057	24,802	22,945	20,466
Gain (Loss) on Sale of Investments	76.69	-	-	-	-	-
Gain (Loss) on Sale of Assets	-139.16	-168.82	-56.88	-72.99	-24.24	-36.17
Pretax Income	15,166	15,977	21,000	24,729	22,920	20,430
Income Tax Expense	5,868	6,144	7,374	8,394	7,769	7,475
Earnings From Continuing Operations	9,298	9,833	13,626	16,335	15,151	12,955
Minority Interest in Earnings	-8,448	-8,877	-10,596	-12,139	-11,293	-10,926
Net Income	850.33	955.84	3,030	4,197	3,858	2,029
Preferred Dividends & Other Adjustments	-	-	-	-	-	112
Net Income to Common	850.33	955.84	3,030	4,197	3,858	1,917
Net Income Growth	-67.42%	-68.46%	-27.79%	8.77%	90.17%	-59.39%
Shares Outstanding (Basic)	8,015	8,015	8,015	8,015	8,015	8,015
Shares Outstanding (Diluted)	8,015	8,015	8,015	8,015	8,015	8,015
EPS (Basic)	0.11	0.12	0.38	0.52	0.48	0.24
EPS (Diluted)	0.11	0.12	0.38	0.52	0.48	0.24
EPS Growth	-67.42%	-68.46%	-27.79%	8.77%	101.28%	-60.76%
Free Cash Flow	20,120	23,501	18,147	13,946	5,620	16,229
Free Cash Flow Per Share	2.51	2.93	2.26	1.74	0.70	2.02
Dividend Per Share	-	-	0.130	0.170	0.160	0.080
Dividend Growth	-	-	-23.53%	6.25%	100.00%	-52.94%
Gross Margin	14.90%	16.05%	19.35%	22.23%	21.40%	23.81%
Operating Margin	8.53%	9.22%	11.57%	13.48%	13.29%	13.11%
Profit Margin	0.45%	0.50%	1.53%	2.20%	2.19%	1.08%
Free Cash Flow Margin	10.68%	12.21%	9.17%	7.32%	3.19%	9.17%
EBITDA	22,099	23,842	29,259	32,136	29,617	29,344
EBITDA Margin	11.73%	12.39%	14.78%	16.87%	16.84%	16.58%
D&A For EBITDA	6,027	6,093	6,354	6,459	6,237	6,137
EBIT	16,072	17,749	22,904	25,678	23,380	23,206
EBIT Margin	8.53%	9.22%	11.57%	13.48%	13.29%	13.11%
Effective Tax Rate	38.69%	38.45%	35.11%	33.94%	33.89%	36.59%
Advertising Expenses	-	1,361	1,912	1,632	1,654	1,781

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