SHA:600035 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	5,242	4,229	3,080	2,843	3,179	2,411
Other Revenue	157.88	157.88	116.31	73.95	85.43	76.09
Revenue	5,400	4,387	3,196	2,917	3,264	2,487
Revenue Growth (YoY)	49.38%	37.27%	9.57%	-10.63%	31.26%	-13.44%
Cost of Revenue	4,191	2,976	1,724	1,432	1,661	1,406
Gross Profit	1,209	1,412	1,472	1,485	1,603	1,081
Selling, General & Admin	168.52	173.48	156.46	149.34	136.94	112.07
Research & Development	10.38	8.92	8.32	15.63	23.03	36.64
Other Operating Expenses	-43.84	-39.35	-40.44	-21.05	18.79	11.17
Operating Expenses	142.6	151.78	-4.1	184.68	230.96	191.05
Operating Income	1,066	1,260	1,476	1,301	1,372	889.91
Interest Expense	-203.48	-243.34	-272.66	-312.53	-294.17	-322.85
Interest & Investment Income	87.83	82.94	64.47	24.99	14.13	9.02
Currency Exchange Gain (Loss)	-4.52	-4.52	-0.34	12.69	-3.2	-11.08
Other Non Operating Income (Expenses)	-1.96	-2.37	0.32	-0.85	-0.7	-0.8
EBT Excluding Unusual Items	944.25	1,093	1,268	1,025	1,088	564.2
Impairment of Goodwill	-	-	-	-	-	-94.98
Gain (Loss) on Sale of Investments	-	-	-	-3.75	-	-19.58
Gain (Loss) on Sale of Assets	-2.74	-2.71	0.73	2.98	-	-
Asset Writedown	-1.24	-0.96	0.62	-3.9	-0.46	-
Legal Settlements	-	-	-	-1.49	-	-
Other Unusual Items	0.31	1.73	5.45	2.65	32.66	36.25
Pretax Income	940.58	1,091	1,275	1,021	1,120	485.89
Income Tax Expense	274.04	305.82	313.06	274.55	347.24	142.17
Earnings From Continuing Operations	666.54	784.94	961.48	746.91	772.97	343.72
Minority Interest in Earnings	6.79	-17.3	-19.23	-24.27	-32.77	-19.27
Net Income	673.33	767.63	942.25	722.65	740.2	324.45
Net Income to Common	673.33	767.63	942.25	722.65	740.2	324.45
Net Income Growth	-15.87%	-18.53%	30.39%	-2.37%	128.14%	-49.10%
Shares Outstanding (Basic)	1,605	1,599	1,597	1,606	1,609	1,708
Shares Outstanding (Diluted)	1,605	1,599	1,597	1,606	1,609	1,708
Shares Change (YoY)	0.16%	0.14%	-0.55%	-0.20%	-5.77%	-0.88%
EPS (Basic)	0.42	0.48	0.59	0.45	0.46	0.19
EPS (Diluted)	0.42	0.48	0.59	0.45	0.46	0.19
EPS Growth	-16.01%	-18.64%	31.11%	-2.17%	142.10%	-48.65%
Free Cash Flow	-827.18	794.42	604.79	1,519	1,543	1,179
Free Cash Flow Per Share	-0.52	0.50	0.38	0.95	0.96	0.69
Dividend Per Share	0.170	0.170	0.190	0.140	0.140	0.070
Dividend Growth	-10.53%	-10.53%	35.71%	-	100.00%	-56.25%
Gross Margin	22.39%	32.18%	46.05%	50.92%	49.11%	43.47%
Operating Margin	19.75%	28.72%	46.18%	44.59%	42.03%	35.79%
Profit Margin	12.47%	17.50%	29.48%	24.77%	22.68%	13.05%
Free Cash Flow Margin	-15.32%	18.11%	18.92%	52.08%	47.26%	47.41%
EBITDA	1,931	2,068	2,208	1,931	1,920	1,338
EBITDA Margin	35.77%	47.13%	69.07%	66.19%	58.82%	53.80%
D&A For EBITDA	864.88	807.81	731.72	630.04	548.01	447.89
EBIT	1,066	1,260	1,476	1,301	1,372	889.91
EBIT Margin	19.75%	28.72%	46.18%	44.59%	42.03%	35.79%
Effective Tax Rate	29.13%	28.04%	24.56%	26.88%	31.00%	29.26%
Revenue as Reported	5,400	4,387	3,196	2,917	3,264	2,487
Advertising Expenses	-	0.86	0.76	0.73	0.43	0.38

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