FRA:1NS 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	67,103	64,198	56,353	53,028	57,760	52,353
Revenue Growth (YoY)	11.51%	13.92%	6.27%	-8.19%	10.33%	0.18%
Cost of Revenue	61,675	58,862	50,713	47,416	51,291	46,639
Gross Profit	5,428	5,337	5,641	5,612	6,468	5,714
Selling, General & Admin	1,643	1,570	1,599	1,491	1,507	1,467
Research & Development	2,580	2,515	2,211	2,578	2,379	2,175
Other Operating Expenses	-461.18	-210.39	197.59	36.44	924.57	-126.01
Operating Expenses	3,762	3,875	4,008	4,106	4,811	3,516
Operating Income	1,666	1,462	1,633	1,507	1,658	2,198
Interest Expense	-29.01	-19.65	-17.71	-12.59	-13.36	-13.72
Interest & Investment Income	1,077	1,200	1,092	1,009	954.62	881.5
Earnings From Equity Investments	-3.1	4.92	13.14	16.43	18.68	15.08
Currency Exchange Gain (Loss)	48.11	48.11	13.57	229.8	-82.99	-122.15
EBT Excluding Unusual Items	2,759	2,695	2,734	2,749	2,534	2,958
Gain (Loss) on Sale of Investments	41.86	41.86	-	-	-	13.07
Gain (Loss) on Sale of Assets	114.24	94.13	39.44	3.33	51.18	18.06
Other Unusual Items	26.7	20.91	1.73	10.09	6.75	21.15
Pretax Income	2,942	2,852	2,775	2,762	2,592	3,011
Income Tax Expense	404.71	378.19	430.88	477.12	462.43	628.36
Earnings From Continuing Operations	2,537	2,474	2,344	2,285	2,130	2,382
Minority Interest in Earnings	-7.64	-8	-7.36	-0.06	-0.39	-0.3
Net Income	2,529	2,466	2,337	2,285	2,130	2,382
Net Income to Common	2,529	2,466	2,337	2,285	2,130	2,382
Net Income Growth	8.12%	5.52%	2.26%	7.30%	-10.59%	9.09%
Shares Outstanding (Basic)	4,377	4,396	4,428	4,428	4,428	4,428
Shares Outstanding (Diluted)	4,377	4,396	4,428	4,428	4,428	4,428
Shares Change (YoY)	-0.94%	-0.71%	-0.01%	-	-	-
EPS (Basic)	0.58	0.56	0.53	0.52	0.48	0.54
EPS (Diluted)	0.58	0.56	0.53	0.52	0.48	0.54
EPS Growth	9.14%	6.28%	2.27%	7.30%	-10.59%	9.09%
Free Cash Flow	4,976	-2,516	2,168	6,101	2,292	2,550
Free Cash Flow Per Share	1.14	-0.57	0.49	1.38	0.52	0.58
Dividend Per Share	0.368	0.358	0.343	0.328	0.313	0.300
Dividend Growth	-1.60%	4.37%	4.57%	4.79%	4.33%	-6.25%
Gross Margin	8.09%	8.31%	10.01%	10.58%	11.20%	10.91%
Operating Margin	2.48%	2.28%	2.90%	2.84%	2.87%	4.20%
Profit Margin	3.77%	3.84%	4.15%	4.31%	3.69%	4.55%
Free Cash Flow Margin	7.42%	-3.92%	3.85%	11.50%	3.97%	4.87%
EBITDA	2,500	2,323	2,400	2,207	2,322	2,681
EBITDA Margin	3.73%	3.62%	4.26%	4.16%	4.02%	5.12%
D&A For EBITDA	834.06	861.64	767.11	700.22	664.64	483.02
EBIT	1,666	1,462	1,633	1,507	1,658	2,198
EBIT Margin	2.48%	2.28%	2.90%	2.84%	2.87%	4.20%
Effective Tax Rate	13.76%	13.26%	15.53%	17.27%	17.84%	20.87%

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