SHA:600020 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	7,152	6,969	5,703	7,411	5,607	4,981
Other Revenue	-	-	-	-	-	95.8
Revenue	7,152	6,969	5,703	7,411	5,607	5,077
Revenue Growth (YoY)	9.10%	22.20%	-23.04%	32.17%	10.44%	-20.50%
Cost of Revenue	5,067	4,889	3,335	5,925	3,298	3,432
Gross Profit	2,085	2,080	2,367	1,486	2,308	1,645
Selling, General & Admin	199.2	209.7	236.57	187.88	222.82	160.22
Research & Development	1.04	0.5	-	0.5	0.37	2.45
Other Operating Expenses	46.9	49.14	51.83	59.66	95.23	144.95
Operating Expenses	364.11	335.28	320.6	253.33	314.04	307.91
Operating Income	1,721	1,745	2,047	1,232	1,994	1,337
Interest Expense	-761.19	-897.11	-1,088	-1,220	-1,358	-1,442
Interest & Investment Income	404.07	335.76	138.6	189.4	274.67	261.92
Currency Exchange Gain (Loss)	-	-	-	-	-	12.52
Other Non Operating Income (Expenses)	-42.6	-35.35	-38.76	-27.72	-14.82	15.22
EBT Excluding Unusual Items	1,321	1,148	1,059	173.78	895.79	184.44
Gain (Loss) on Sale of Investments	-	-	-10.25	-38.33	-	-
Gain (Loss) on Sale of Assets	0	0.08	-3.96	-2.3	18.17	1.71
Asset Writedown	-8.44	-4.37	-7.1	-18.44	-5.58	-5.09
Legal Settlements	-0.02	-0.02	-0	-0.02	-1.16	-0.31
Other Unusual Items	48.83	56.11	65.52	64.08	35.93	106.52
Pretax Income	1,361	1,200	1,103	178.76	943.14	287.27
Income Tax Expense	342.53	319	274.57	39.52	199.82	41.82
Earnings From Continuing Operations	1,019	880.63	828.64	139.24	743.32	245.45
Net Income to Company	1,019	880.63	828.64	139.24	743.32	245.45
Minority Interest in Earnings	-0.21	-0.24	-0.21	0.93	0.15	-3.05
Net Income	1,019	880.39	828.43	140.17	743.47	242.4
Preferred Dividends & Other Adjustments	127.01	127.01	114.62	98.62	103.06	103.34
Net Income to Common	891.52	753.38	713.81	41.55	640.41	139.06
Net Income Growth	37.75%	6.27%	491.00%	-81.15%	206.71%	-83.40%
Shares Outstanding (Basic)	2,193	2,248	2,248	2,246	2,247	2,246
Shares Outstanding (Diluted)	2,193	2,248	2,248	2,246	2,247	2,246
Shares Change (YoY)	-4.65%	0.00%	0.06%	-0.04%	0.03%	-0.05%
EPS (Basic)	0.41	0.34	0.32	0.02	0.28	0.06
EPS (Diluted)	0.41	0.34	0.32	0.02	0.28	0.06
EPS Growth	49.65%	5.54%	1616.76%	-93.51%	360.42%	-89.19%
Free Cash Flow	-45.94	-941.93	1,331	-1,561	2,487	1,313
Free Cash Flow Per Share	-0.02	-0.42	0.59	-0.69	1.11	0.58
Dividend Per Share	0.170	0.170	0.149	0.019	0.100	0.035
Dividend Growth	14.09%	14.09%	684.21%	-81.00%	185.71%	-39.66%
Gross Margin	29.15%	29.84%	41.51%	20.05%	41.17%	32.40%
Operating Margin	24.06%	25.03%	35.89%	16.63%	35.57%	26.34%
Profit Margin	12.46%	10.81%	12.52%	0.56%	11.42%	2.74%
Free Cash Flow Margin	-0.64%	-13.52%	23.35%	-21.07%	44.35%	25.86%
EBITDA	2,939	2,936	3,202	2,334	3,550	3,040
EBITDA Margin	41.09%	42.13%	56.15%	31.49%	63.31%	59.88%
D&A For EBITDA	1,218	1,191	1,155	1,102	1,555	1,703
EBIT	1,721	1,745	2,047	1,232	1,994	1,337
EBIT Margin	24.06%	25.03%	35.89%	16.63%	35.57%	26.34%
Effective Tax Rate	25.16%	26.59%	24.89%	22.11%	21.19%	14.56%
Revenue as Reported	7,152	6,969	5,703	7,411	5,607	5,077
Advertising Expenses	-	1.05	3.65	3.61	7.6	9.16

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