FRA:C7A0 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	368,552	344,525	386,490	328,594	120,571	44,798
Other Revenue	17,488	17,488	14,427	-	9,785	5,521
Revenue	386,040	362,013	400,917	328,594	130,356	50,319
Revenue Growth (YoY)	5.68%	-9.70%	22.01%	152.08%	159.06%	9.90%
Cost of Revenue	292,801	275,726	324,191	264,582	97,978	36,974
Gross Profit	93,239	86,286	76,726	64,012	32,378	13,345
Selling, General & Admin	14,510	13,253	11,505	18,078	7,737	3,985
Research & Development	20,601	18,607	18,356	15,510	7,691	3,569
Other Operating Expenses	-7,625	-7,910	-4,572	572.17	486.53	295.13
Operating Expenses	27,671	24,647	25,503	35,310	16,171	8,018
Operating Income	65,568	61,639	51,222	28,702	16,207	5,327
Interest Expense	-3,096	-3,879	-3,447	-2,132	-1,161	-640.43
Interest & Investment Income	16,535	13,491	11,511	6,502	3,556	1,495
Currency Exchange Gain (Loss)	-1,287	-1,287	421.52	1,163	-419.23	-117.91
Other Non Operating Income (Expenses)	3,393	-379.4	-408.47	-326.19	270.67	-197.15
EBT Excluding Unusual Items	81,113	69,584	59,300	33,908	18,453	5,867
Gain (Loss) on Sale of Investments	1,352	664.22	46.27	400.24	-150	110.3
Gain (Loss) on Sale of Assets	60.94	19.32	16.98	-5.32	-23.19	-9.89
Asset Writedown	-3,642	-6,216	-5,645	-332	-67.38	-189.75
Other Unusual Items	-709.67	-869.76	195.75	2,702	1,674	1,205
Pretax Income	78,174	63,182	53,914	36,673	19,887	6,983
Income Tax Expense	10,604	9,175	7,153	3,216	2,026	878.64
Earnings From Continuing Operations	67,570	54,007	46,761	33,457	17,861	6,104
Minority Interest in Earnings	-3,793	-3,262	-2,640	-2,728	-1,929	-520.58
Net Income	63,778	50,745	44,121	30,729	15,931	5,583
Net Income to Common	63,778	50,745	44,121	30,729	15,931	5,583
Net Income Growth	30.22%	15.01%	43.58%	92.88%	185.34%	22.43%
Shares Outstanding (Basic)	4,422	4,382	4,386	4,282	4,171	4,029
Shares Outstanding (Diluted)	4,422	4,382	4,390	4,295	4,193	4,045
Shares Change (YoY)	0.65%	-0.18%	2.23%	2.43%	3.66%	2.92%
EPS (Basic)	14.42	11.58	10.06	7.18	3.82	1.39
EPS (Diluted)	14.42	11.58	10.05	7.16	3.80	1.38
EPS Growth	29.38%	15.22%	40.46%	88.32%	175.25%	18.96%
Free Cash Flow	70,208	65,810	59,201	12,994	-859.76	5,128
Free Cash Flow Per Share	15.88	15.02	13.48	3.03	-0.20	1.27
Dividend Per Share	5.560	4.553	5.028	1.763	-	0.133
Dividend Growth	10.58%	-9.45%	185.24%	-	-	8.99%
Gross Margin	24.15%	23.84%	19.14%	19.48%	24.84%	26.52%
Operating Margin	16.98%	17.03%	12.78%	8.73%	12.43%	10.59%
Profit Margin	16.52%	14.02%	11.00%	9.35%	12.22%	11.10%
Free Cash Flow Margin	18.19%	18.18%	14.77%	3.95%	-0.66%	10.19%
EBITDA	89,382	84,431	72,651	40,899	22,213	10,040
EBITDA Margin	23.15%	23.32%	18.12%	12.45%	17.04%	19.95%
D&A For EBITDA	23,814	22,792	21,429	12,197	6,006	4,712
EBIT	65,568	61,639	51,222	28,702	16,207	5,327
EBIT Margin	16.98%	17.03%	12.78%	8.73%	12.43%	10.59%
Effective Tax Rate	13.56%	14.52%	13.27%	8.77%	10.19%	12.58%
Revenue as Reported	386,040	362,013	400,917	328,594	130,356	50,319

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