SHA:600039 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	108,002	106,598	114,420	134,832	102,149	64,462
Other Revenue	639.82	639.82	621.24	318.91	404.36	102.73
Revenue	108,642	107,238	115,042	135,151	102,553	64,565
Revenue Growth (YoY)	11.58%	-6.78%	-14.88%	31.79%	58.84%	22.45%
Cost of Revenue	92,117	90,465	94,216	112,107	86,837	55,095
Gross Profit	16,525	16,774	20,825	23,044	15,716	9,470
Selling, General & Admin	2,323	2,416	2,213	1,840	1,351	1,431
Research & Development	2,607	2,599	3,938	4,284	3,311	1,649
Other Operating Expenses	296.83	390.37	349.32	516.13	476.2	246.36
Operating Expenses	5,603	5,816	7,091	7,334	5,383	3,490
Operating Income	10,922	10,957	13,735	15,711	10,333	5,980
Interest Expense	-2,361	-2,973	-2,806	-2,615	-2,378	-2,305
Interest & Investment Income	949	1,013	409.58	377.47	216.87	103.35
Currency Exchange Gain (Loss)	24.63	24.63	-10.71	56.67	-16.23	-50.4
Other Non Operating Income (Expenses)	-7.32	26.78	-205.61	-86.85	41.05	-79.64
EBT Excluding Unusual Items	9,527	9,048	11,122	13,443	8,197	3,648
Impairment of Goodwill	-	-	-24.65	-	-0.03	-
Gain (Loss) on Sale of Investments	8.82	1.37	-2.64	-7.14	1.86	7.87
Gain (Loss) on Sale of Assets	5.69	5.89	-4.14	0.04	-1.87	24.49
Asset Writedown	-56.26	-85.04	-105.51	-4.43	-55.1	-2.03
Other Unusual Items	263.18	184.61	-16.58	225.26	95.78	-10.97
Pretax Income	9,749	9,155	10,968	13,657	8,237	3,668
Income Tax Expense	1,945	1,790	1,931	2,292	1,362	632.02
Earnings From Continuing Operations	7,804	7,365	9,037	11,365	6,876	3,036
Minority Interest in Earnings	-66.91	-154.69	-33.53	-153.04	-173.63	-25.13
Net Income	7,737	7,210	9,004	11,212	6,702	3,010
Net Income to Common	7,737	7,210	9,004	11,212	6,702	3,010
Net Income Growth	28.46%	-19.93%	-19.70%	67.30%	122.62%	76.89%
Shares Outstanding (Basic)	8,694	8,687	8,658	8,009	8,159	5,404
Shares Outstanding (Diluted)	8,694	8,687	8,658	8,009	8,159	5,404
Shares Change (YoY)	0.72%	0.34%	8.10%	-1.84%	50.99%	6.91%
EPS (Basic)	0.89	0.83	1.04	1.40	0.82	0.56
EPS (Diluted)	0.89	0.83	1.04	1.40	0.82	0.56
EPS Growth	27.54%	-20.19%	-25.71%	70.44%	47.44%	65.46%
Free Cash Flow	4,180	-4,129	-9,864	8,059	1,389	-1,419
Free Cash Flow Per Share	0.48	-0.47	-1.14	1.01	0.17	-0.26
Dividend Per Share	0.447	0.452	0.517	0.650	0.336	0.179
Dividend Growth	-19.37%	-12.63%	-20.46%	93.63%	87.96%	257.20%
Gross Margin	15.21%	15.64%	18.10%	17.05%	15.32%	14.67%
Operating Margin	10.05%	10.22%	11.94%	11.63%	10.08%	9.26%
Profit Margin	7.12%	6.72%	7.83%	8.30%	6.54%	4.66%
Free Cash Flow Margin	3.85%	-3.85%	-8.57%	5.96%	1.35%	-2.20%
EBITDA	14,620	14,377	16,783	18,707	11,307	7,325
EBITDA Margin	13.46%	13.41%	14.59%	13.84%	11.03%	11.34%
D&A For EBITDA	3,698	3,420	3,048	2,996	973.73	1,345
EBIT	10,922	10,957	13,735	15,711	10,333	5,980
EBIT Margin	10.05%	10.22%	11.94%	11.62%	10.08%	9.26%
Effective Tax Rate	19.95%	19.56%	17.60%	16.78%	16.53%	17.23%
Revenue as Reported	108,642	107,238	115,042	135,151	102,553	64,565
Advertising Expenses	-	18.99	30.85	15.23	23.54	26.21

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