CITIC 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	567,963	553,637	490,626	475,752	413,945	310,394
Other Revenue	396,052	396,052	392,057	369,151	323,334	296,886
Revenue	964,015	949,689	882,683	844,903	737,279	607,280
Revenue Growth (YoY)	91.91%	7.59%	4.47%	14.60%	21.41%	-7.05%
Cost of Revenue	452,342	447,282	383,311	364,937	328,927	304,343
Gross Profit	511,673	502,407	499,372	479,966	325,983	302,937
Selling, General & Admin	2,102	-	-	-	10.59	116.2
Other Operating Expenses	136,251	136,292	126,426	113,471	84,161	74,528
Operating Expenses	194,374	195,675	192,041	192,476	85,891	76,960
Operating Income	317,299	306,732	307,331	287,490	240,092	225,977
Interest Expense	-194,003	-194,609	-202,249	-181,062	-162,104	-148,042
Interest & Investment Income	2,449	2,235	1,832	1,407	1,659	1,066
Earnings From Equity Investments	6,630	6,630	9,403	11,166	14,308	12,204
Currency Exchange Gain (Loss)	-1,033	-1,033	535	444	636.26	1,251
Other Non Operating Income (Expenses)	5,065	6,345	4,758	4,885	2,676	-2,341
EBT Excluding Unusual Items	136,406	126,300	121,610	124,330	97,267	90,115
Impairment of Goodwill	-17	-17	-26	-4,363	-	-544.8
Gain (Loss) on Sale of Investments	2,823	2,893	2,314	-2,790	1,630	-9,262
Gain (Loss) on Sale of Assets	3,732	3,793	74	10,977	1,135	2,968
Asset Writedown	-625.25	-312	-685	-862	-1,342	-994.45
Pretax Income	142,318	132,657	123,287	127,292	98,690	82,282
Income Tax Expense	27,064	24,902	18,013	21,469	16,997	14,138
Earnings From Continuing Operations	115,254	107,755	105,274	105,823	81,694	68,145
Net Income to Company	115,254	107,755	105,274	105,823	81,694	68,145
Minority Interest in Earnings	-50,360	-49,553	-47,680	-40,892	-24,486	-20,462
Net Income	64,894	58,202	57,594	64,931	57,208	47,683
Net Income to Common	64,894	58,202	57,594	64,931	57,208	47,683
Net Income Growth	34.53%	1.06%	-11.30%	13.50%	19.98%	-1.04%
Shares Outstanding (Basic)	29,090	29,090	29,090	29,090	29,090	29,090
Shares Outstanding (Diluted)	29,090	29,090	29,090	29,090	29,090	29,090
EPS (Basic)	2.23	2.00	1.98	2.23	1.97	1.64
EPS (Diluted)	2.20	1.97	1.98	2.23	1.96	1.64
EPS Growth	-	-0.49%	-11.29%	13.48%	19.78%	-0.88%
Free Cash Flow	259,573	-94,366	-47,102	145,926	-53,107	145,117
Free Cash Flow Per Share	8.92	-3.24	-1.62	5.02	-1.83	4.99
Dividend Per Share	-	0.550	0.515	0.587	0.494	0.411
Dividend Growth	-	6.80%	-12.23%	18.85%	20.14%	-1.15%
Gross Margin	53.08%	52.90%	56.57%	56.81%	44.21%	49.88%
Operating Margin	32.91%	32.30%	34.82%	34.03%	32.56%	37.21%
Profit Margin	6.73%	6.13%	6.53%	7.69%	7.76%	7.85%
Free Cash Flow Margin	26.93%	-9.94%	-5.34%	17.27%	-7.20%	23.90%
EBITDA	344,647	334,292	330,390	307,730	251,279	237,055
EBITDA Margin	35.75%	35.20%	37.43%	36.42%	34.08%	39.04%
D&A For EBITDA	27,349	27,560	23,059	20,240	11,186	11,078
EBIT	317,299	306,732	307,331	287,490	240,092	225,977
EBIT Margin	32.91%	32.30%	34.82%	34.03%	32.56%	37.21%
Effective Tax Rate	19.02%	18.77%	14.61%	16.87%	17.22%	17.18%

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