SHA:600050 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	348,838	345,976	335,170	319,348	296,153	275,814
Other Revenue	43,614	43,614	37,427	35,595	31,701	28,024
Revenue	392,451	389,589	372,597	354,944	327,854	303,838
Revenue Growth (YoY)	3.00%	4.56%	4.97%	8.26%	7.90%	4.59%
Cost of Revenue	297,971	298,649	281,405	269,186	247,825	224,889
Gross Profit	94,481	90,940	91,192	85,758	80,030	78,949
Selling, General & Admin	60,979	60,379	59,831	57,436	56,992	56,220
Research & Development	9,157	8,835	8,099	6,836	4,792	2,964
Other Operating Expenses	2,626	1,331	1,542	1,397	1,427	1,354
Operating Expenses	80,190	77,517	75,555	71,934	65,770	65,677
Operating Income	14,290	13,423	15,637	13,823	14,259	13,273
Interest Expense	-1,380	-1,655	-1,846	-962.96	-1,229	-1,456
Interest & Investment Income	6,441	6,648	6,911	6,076	5,592	4,213
Currency Exchange Gain (Loss)	-25.78	-25.78	54.77	15.49	-7.55	-46.41
Other Non Operating Income (Expenses)	-1,374	-21.65	-108.67	-337.69	-320.58	-186.27
EBT Excluding Unusual Items	17,952	18,369	20,649	18,614	18,294	15,797
Gain (Loss) on Sale of Investments	-7.88	48.63	113.61	23.67	-38.97	154.22
Gain (Loss) on Sale of Assets	2,769	2,827	-778.4	-1,340	-3,523	-2,258
Asset Writedown	-133.26	-119.67	-567.78	-675.93	-298.65	-127.7
Other Unusual Items	5,706	3,967	3,294	3,746	3,374	2,394
Pretax Income	26,286	25,092	22,710	20,367	17,807	15,960
Income Tax Expense	4,721	4,491	3,997	3,716	3,391	3,435
Earnings From Continuing Operations	21,565	20,601	18,713	16,651	14,416	12,525
Minority Interest in Earnings	-12,101	-11,571	-10,540	-9,352	-8,111	-7,004
Net Income	9,464	9,030	8,173	7,299	6,305	5,521
Preferred Dividends & Other Adjustments	140.87	140.87	211.67	186.87	45.4	94.41
Net Income to Common	9,323	8,889	7,961	7,113	6,260	5,427
Net Income Growth	5.94%	10.49%	11.96%	15.76%	14.20%	10.82%
Shares Outstanding (Basic)	30,479	30,489	30,451	30,392	30,350	30,461
Shares Outstanding (Diluted)	30,479	30,489	30,451	30,392	30,350	30,461
Shares Change (YoY)	0.30%	0.12%	0.20%	0.14%	-0.37%	0.75%
EPS (Basic)	0.31	0.29	0.26	0.23	0.21	0.18
EPS (Diluted)	0.31	0.29	0.26	0.23	0.21	0.18
EPS Growth	6.74%	11.71%	11.54%	13.59%	15.73%	10.76%
Free Cash Flow	21,215	15,513	24,970	29,241	39,925	48,678
Free Cash Flow Per Share	0.70	0.51	0.82	0.96	1.31	1.60
Dividend Per Share	0.174	0.158	0.132	0.109	0.088	0.067
Dividend Growth	17.40%	19.70%	21.10%	24.01%	31.39%	10.76%
Gross Margin	24.07%	23.34%	24.47%	24.16%	24.41%	25.98%
Operating Margin	3.64%	3.45%	4.20%	3.90%	4.35%	4.37%
Profit Margin	2.38%	2.28%	2.14%	2.00%	1.91%	1.79%
Free Cash Flow Margin	5.41%	3.98%	6.70%	8.24%	12.18%	16.02%
EBITDA	68,750	72,721	81,385	83,539	84,149	80,830
EBITDA Margin	17.52%	18.67%	21.84%	23.54%	25.67%	26.60%
D&A For EBITDA	54,460	59,298	65,748	69,715	69,890	67,557
EBIT	14,290	13,423	15,637	13,823	14,259	13,273
EBIT Margin	3.64%	3.45%	4.20%	3.90%	4.35%	4.37%
Effective Tax Rate	17.96%	17.90%	17.60%	18.25%	19.04%	21.52%
Revenue as Reported	2,862	-	-	-	-	303,838

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