Business Segments Baidu, Inc.

Equities

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Breakdown by Business Segment (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
Online Services
Baidu General Business	9.52TCr	9.54TCr	10TCr	10TCr	10TCr
Interest Expense	-	-	-	-	-
Income Tax Expense	309Cr	249.4Cr	356.8Cr	438.6Cr	111.5Cr
EBT	1.69TCr	1.01TCr	2.31TCr	2.78TCr	678.4Cr
Operating Income	1.51TCr	1.45TCr	1.88TCr	1.95TCr	-604.4Cr
Net Income	1.36TCr	755.1Cr	1.94TCr	2.34TCr	569.1Cr
Transaction Services	-	-	-	-	-
Operating Income	-	-	-	-	-
Search Services	-	-	-	-	-
Operating Income	-	-	-	-	-
Entertainment Venues
iQIYI	3.06TCr	2.9TCr	3.19TCr	2.92TCr	2.73TCr
Interest Expense	-	-	-	-	-
Income Tax Expense	9.7Cr	8.4Cr	8.1Cr	6.1Cr	14Cr
EBT	-601.2Cr	-3.4Cr	203.3Cr	85Cr	-6Cr
Operating Income	-447.9Cr	131.2Cr	298.9Cr	181.1Cr	23Cr
Net Income	-617Cr	-14Cr	192.5Cr	76Cr	-21Cr
Eliminations & Adjustments	-122.4Cr	-75Cr	-74Cr	-81Cr	-70Cr
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
EBT	-14Cr	6.5Cr	4.2Cr	-1.9Cr	-80L
Operating Income	-14Cr	6.5Cr	4.2Cr	-1.9Cr	-80L
Net Income	283.9Cr	14Cr	-101.1Cr	-44Cr	10Cr
Operating Income	-	-	-	-	-

Geographical breakdown of sales (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
People's Republic of China (PRC)	12TCr	12TCr	13TCr	13TCr	13TCr
Total Assets	38TCr	39TCr	41TCr	43TCr	45TCr
Interest Expense	-342.1Cr	-291.3Cr	-324.8Cr	-282.4Cr	-278.4Cr
Income Tax Expense	318.7Cr	257.8Cr	364.9Cr	444.7Cr	125.9Cr
D&A	1.61TCr	1.45TCr	1.49TCr	1.46TCr	1.44TCr
CAPEX	-1.12TCr	-839.3Cr	-1.12TCr	-813.4Cr	-1.21TCr
Net Income	1.02TCr	755.9Cr	2.03TCr	2.38TCr	558.9Cr
EBT	1.08TCr	1.01TCr	2.52TCr	2.86TCr	671.6Cr
Operating Income	1.05TCr	1.59TCr	2.19TCr	2.13TCr	-582.3Cr
Foreign	-	-	-	-	-