SHA:600018 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	37,908	36,986	36,423	36,195	33,282	25,198
Other Revenue	1,131	1,131	1,128	1,085	1,006	921.85
Revenue	39,040	38,117	37,552	37,280	34,289	26,119
Revenue Growth (YoY)	-0.27%	1.51%	0.73%	8.72%	31.28%	-27.65%
Cost of Revenue	25,003	24,629	23,563	24,178	20,369	16,688
Gross Profit	14,036	13,488	13,989	13,102	13,920	9,432
Selling, General & Admin	3,253	3,338	3,137	3,217	4,293	3,428
Research & Development	166.21	173.32	205.77	191.06	143.45	82.34
Other Operating Expenses	563.91	744.15	891.43	996.72	811.34	426.53
Operating Expenses	4,009	4,285	4,213	4,428	5,252	3,944
Operating Income	10,027	9,202	9,776	8,674	8,667	5,487
Interest Expense	-1,090	-1,205	-1,123	-1,040	-1,025	-1,108
Interest & Investment Income	9,265	8,784	7,664	12,508	10,349	5,637
Currency Exchange Gain (Loss)	27.11	27.11	-60.49	-69.38	-120.46	-31.27
Other Non Operating Income (Expenses)	-217.6	-6.77	-20.79	-29.78	-50.3	-35.51
EBT Excluding Unusual Items	18,012	16,802	16,235	20,043	17,820	9,949
Merger & Restructuring Charges	-	-	-	-	-	-11.13
Gain (Loss) on Sale of Investments	219.09	216.29	139.97	258.5	107.48	160.62
Gain (Loss) on Sale of Assets	60.49	502.67	-6.55	53.34	-94.35	7.91
Asset Writedown	-284.68	-	-733.62	-302	-643.65	-66.28
Other Unusual Items	1,195	1,195	611.63	71.66	771.85	534.16
Pretax Income	19,202	18,716	16,247	20,124	17,961	10,574
Income Tax Expense	3,460	2,652	2,239	2,214	2,481	1,391
Earnings From Continuing Operations	15,742	16,064	14,008	17,910	15,481	9,183
Minority Interest in Earnings	-1,326	-1,109	-804.65	-686.2	-	-876.26
Net Income	14,416	14,954	13,203	17,224	15,481	8,307
Net Income to Common	14,416	14,954	13,203	17,224	15,481	8,307
Net Income Growth	5.58%	13.26%	-23.34%	11.26%	86.35%	-8.33%
Shares Outstanding (Basic)	23,236	23,221	23,200	23,203	24,433	23,172
Shares Outstanding (Diluted)	23,251	23,235	23,212	23,203	24,433	23,172
Shares Change (YoY)	0.09%	0.10%	0.04%	-5.03%	5.44%	0.00%
EPS (Basic)	0.62	0.64	0.57	0.74	0.63	0.36
EPS (Diluted)	0.62	0.64	0.57	0.74	0.63	0.36
EPS Growth	5.49%	13.15%	-23.37%	17.16%	76.74%	-8.33%
Free Cash Flow	4,964	2,972	5,412	8,048	9,189	7,059
Free Cash Flow Per Share	0.21	0.13	0.23	0.35	0.38	0.30
Dividend Per Share	0.195	0.195	0.172	0.140	0.190	0.128
Dividend Growth	-12.16%	13.37%	22.86%	-26.30%	48.41%	-11.72%
Gross Margin	35.95%	35.38%	37.25%	35.14%	40.60%	36.11%
Operating Margin	25.69%	24.14%	26.03%	23.27%	25.28%	21.01%
Profit Margin	36.93%	39.23%	35.16%	46.20%	45.15%	31.80%
Free Cash Flow Margin	12.72%	7.80%	14.41%	21.59%	26.80%	27.03%
EBITDA	13,672	12,779	13,262	11,961	11,962	8,912
EBITDA Margin	35.02%	33.53%	35.32%	32.08%	34.89%	34.12%
D&A For EBITDA	3,645	3,577	3,486	3,287	3,295	3,425
EBIT	10,027	9,202	9,776	8,674	8,667	5,487
EBIT Margin	25.69%	24.14%	26.03%	23.27%	25.28%	21.01%
Effective Tax Rate	18.02%	14.17%	13.78%	11.00%	13.81%	13.15%
Revenue as Reported	39,040	38,117	37,552	37,280	34,289	26,119
Advertising Expenses	-	33.62	38.01	42.94	42.59	95

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.