FRA:6MT 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	Sep '25 Sep 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
Operating Revenue	473,137	550,661	632,459	591,627	499,164	398,897
Other Revenue	1,364	1,364	1,411	1,042	1,408	1,218
Revenue	474,501	552,025	633,870	592,669	500,572	400,115
Revenue Growth (YoY)	-18.07%	-12.91%	6.95%	18.40%	25.11%	18.15%
Cost of Revenue	426,677	500,381	573,817	535,650	447,667	354,922
Gross Profit	47,824	51,644	60,053	57,019	52,905	45,192
Selling, General & Admin	14,173	14,782	15,385	14,049	13,559	13,346
Research & Development	14,467	16,406	19,730	18,733	15,901	12,327
Other Operating Expenses	1,478	1,705	1,504	1,582	2,088	1,942
Operating Expenses	36,515	39,599	42,303	37,254	34,215	28,913
Operating Income	11,309	12,045	17,750	19,766	18,689	16,279
Interest Expense	-3,641	-3,393	-2,680	-2,670	-2,168	-2,532
Interest & Investment Income	2,730	2,716	2,001	2,423	2,668	1,738
Currency Exchange Gain (Loss)	145.81	145.81	304.96	206.18	-356.15	-191.68
Other Non Operating Income (Expenses)	-1,815	-1,868	-2,378	-2,034	-2,665	-2,972
EBT Excluding Unusual Items	8,729	9,645	14,999	17,691	16,168	12,322
Impairment of Goodwill	-2.64	-2.64	-4.24	-2.74	-105.03	-0.6
Gain (Loss) on Sale of Investments	-1,835	-1,733	-1,860	-1,915	-2,169	-1,106
Gain (Loss) on Sale of Assets	241.8	1,053	663.08	303.36	689.23	232.9
Asset Writedown	-84.59	-17.87	-220.16	-851.37	-27.63	-246.82
Legal Settlements	-32.01	-32.01	-87.02	-137.71	-101.57	-
Other Unusual Items	342.35	342.35	273.88	305.46	-441.37	715.86
Pretax Income	7,359	9,255	13,765	15,392	14,012	11,917
Income Tax Expense	1,766	1,350	2,359	2,460	2,405	2,535
Earnings From Continuing Operations	5,593	7,904	11,406	12,932	11,607	9,382
Minority Interest in Earnings	-1,708	-1,158	-2,736	-2,655	-3,232	-1,520
Net Income	3,885	6,746	8,670	10,276	8,375	7,862
Preferred Dividends & Other Adjustments	1,862	1,862	1,782	1,039	1,086	1,191
Net Income to Common	2,024	4,884	6,888	9,238	7,289	6,672
Net Income Growth	-46.90%	-22.20%	-15.63%	22.70%	6.52%	19.13%
Shares Outstanding (Basic)	22,282	20,724	20,724	20,724	20,724	20,724
Shares Outstanding (Diluted)	22,282	20,724	20,724	20,724	20,724	20,724
Shares Change (YoY)	0.06%	-	-	-	-	-
EPS (Basic)	0.09	0.24	0.33	0.45	0.35	0.32
EPS (Diluted)	0.09	0.24	0.33	0.45	0.35	0.32
EPS Growth	-63.13%	-28.58%	-25.97%	27.36%	8.72%	19.29%
Free Cash Flow	11,758	985.05	1,296	13,839	14,089	24,289
Free Cash Flow Per Share	0.53	0.05	0.06	0.67	0.68	1.17
Dividend Per Share	0.056	0.056	0.072	0.083	0.078	0.075
Dividend Growth	-22.22%	-22.22%	-13.25%	6.41%	4.00%	4.17%
Gross Margin	10.08%	9.35%	9.47%	9.62%	10.57%	11.29%
Operating Margin	2.38%	2.18%	2.80%	3.33%	3.73%	4.07%
Profit Margin	0.43%	0.89%	1.09%	1.56%	1.46%	1.67%
Free Cash Flow Margin	2.48%	0.18%	0.21%	2.33%	2.81%	6.07%
EBITDA	15,470	16,054	21,557	23,624	22,146	19,816
EBITDA Margin	3.26%	2.91%	3.40%	3.99%	4.42%	4.95%
D&A For EBITDA	4,161	4,009	3,807	3,859	3,457	3,537
EBIT	11,309	12,045	17,750	19,766	18,689	16,279
EBIT Margin	2.38%	2.18%	2.80%	3.33%	3.73%	4.07%
Effective Tax Rate	23.99%	14.59%	17.14%	15.98%	17.16%	21.27%
Revenue as Reported	474,501	552,025	633,870	592,669	500,572	400,115

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