Yunnan Baiyao Group Co.,Ltd

000538.SZ

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,605

Cost of Revenue

4,048

Gross Profit

1,557

Gross Margin

27.8%

Operating Income

800

Operating Margin

14.3%

Net Income

665

Net Margin

11.9%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

674

EBITDA Margin

12.0%

2023

12/31/2023

Revenue

5,476

Cost of Revenue

4,026

Gross Profit

1,450

Gross Margin

26.5%

Operating Income

676

Operating Margin

12.4%

Net Income

573

Net Margin

10.5%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

536

EBITDA Margin

9.8%

2022

12/31/2022

Revenue

5,108

Cost of Revenue

3,773

Gross Profit

1,335

Gross Margin

26.1%

Operating Income

472

Operating Margin

9.2%

Net Income

420

Net Margin

8.2%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

582

EBITDA Margin

11.4%

2021

12/31/2021

Revenue

5,092

Cost of Revenue

3,712

Gross Profit

1,380

Gross Margin

27.1%

Operating Income

488

Operating Margin

9.6%

Net Income

393

Net Margin

7.7%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

617

EBITDA Margin

12.1%

2020

12/31/2020

Revenue

4,584

Cost of Revenue

3,329

Gross Profit

1,255

Gross Margin

27.4%

Operating Income

954

Operating Margin

20.8%

Net Income

772

Net Margin

16.8%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

564

EBITDA Margin

12.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,605	5,476	5,108	5,092	4,584
Cost of Revenue	4,048	4,026	3,773	3,712	3,329
Gross Profit	1,557	1,450	1,335	1,380	1,255
Gross Margin	27.8%	26.5%	26.1%	27.1%	27.4%
Operating Income	800	676	472	488	954
Operating Margin	14.3%	12.4%	9.2%	9.6%	20.8%
Net Income	665	573	420	393	772
Net Margin	11.9%	10.5%	8.2%	7.7%	16.8%
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00
EBITDA	674	536	582	617	564
EBITDA Margin	12.0%	9.8%	11.4%	12.1%	12.3%