FRA:3ND 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	5,127	6,047	7,101	7,866	7,036	6,138
Revenue Growth (YoY)	-23.72%	-14.84%	-9.72%	11.80%	14.64%	5.95%
Cost of Revenue	1,729	2,105	2,703	3,551	2,513	1,966
Gross Profit	3,398	3,942	4,398	4,315	4,523	4,171
Selling, General & Admin	1,829	1,922	2,006	1,920	1,912	1,797
Research & Development	1,273	1,429	1,382	1,224	1,160	1,176
Other Operating Expenses	-111	-78	161	-132	-71	-102.87
Operating Expenses	3,002	3,271	3,552	3,026	3,009	2,868
Operating Income	396	671	846	1,289	1,514	1,303
Interest Expense	-135	-149	-263	-219	-186	-157.68
Interest & Investment Income	81	74	68	33	55	35.33
Earnings From Equity Investments	8	3	-4	-17	-16	-16.86
Currency Exchange Gain (Loss)	-12	-2	-69	-111	-19	-53.25
Other Non Operating Income (Expenses)	22	75	23	15	-3	43.33
EBT Excluding Unusual Items	360	672	601	990	1,345	1,154
Merger & Restructuring Charges	-248	-110	-93	-40	-102	-14.33
Impairment of Goodwill	-	-	-	-	-19	-75.23
Gain (Loss) on Sale of Investments	-16	67	75	-33	-3	51.73
Gain (Loss) on Sale of Assets	117	141	71	-	17	0.01
Asset Writedown	-97	-14	-19	-77	-2	-67.55
Other Unusual Items	-	-	-	-	-	24.77
Pretax Income	116	756	635	840	1,236	1,073
Income Tax Expense	338	642	188	76	253	217.64
Earnings From Continuing Operations	-222	114	447	764	983	855.82
Minority Interest in Earnings	163	197	103	70	79	97.68
Net Income	-59	311	550	834	1,062	953.5
Net Income to Common	-59	311	550	834	1,062	953.5
Net Income Growth	-	-43.45%	-34.05%	-21.47%	11.38%	18.12%
Shares Outstanding (Basic)	531	531	534	541	554	557
Shares Outstanding (Diluted)	531	531	534	541	554	558
Shares Change (YoY)	0.19%	-0.57%	-1.22%	-2.46%	-0.60%	5.14%
EPS (Basic)	-0.11	0.59	1.03	1.54	1.92	1.71
EPS (Diluted)	-0.11	0.59	1.03	1.54	1.92	1.71
EPS Growth	-	-43.13%	-33.20%	-19.54%	12.06%	12.35%
Free Cash Flow	575	886	837	901	883	1,073
Free Cash Flow Per Share	1.08	1.67	1.57	1.67	1.59	1.92
Dividend Per Share	0.930	0.846	0.726	0.708	0.652	0.421
Dividend Growth	27.67%	16.46%	2.62%	8.58%	54.80%	17.74%
Gross Margin	66.28%	65.19%	61.93%	54.86%	64.28%	67.96%
Operating Margin	7.72%	11.10%	11.91%	16.39%	21.52%	21.23%
Profit Margin	-1.15%	5.14%	7.75%	10.60%	15.09%	15.53%
Free Cash Flow Margin	11.21%	14.65%	11.79%	11.45%	12.55%	17.48%
EBITDA	681	957	1,118	1,554	1,789	1,567
EBITDA Margin	13.28%	15.83%	15.74%	19.76%	25.43%	25.54%
D&A For EBITDA	285	286	272	265	275	264.21
EBIT	396	671	846	1,289	1,514	1,303
EBIT Margin	7.72%	11.10%	11.91%	16.39%	21.52%	21.23%
Effective Tax Rate	291.38%	84.92%	29.61%	9.05%	20.47%	20.28%
Advertising Expenses	-	389	348	404	390	347.92

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