SHA:600073 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	22,366	21,896	22,219	24,864	23,536	23,749
Other Revenue	90.77	90.77	148.47	123.74	81.06	117.89
Revenue	22,457	21,987	22,367	24,987	23,617	23,867
Revenue Growth (YoY)	0.68%	-1.70%	-10.49%	5.80%	-1.04%	1.98%
Cost of Revenue	20,191	19,826	20,412	21,754	21,638	21,004
Gross Profit	2,266	2,160	1,955	3,234	1,980	2,862
Selling, General & Admin	2,004	1,952	1,967	1,970	1,771	1,681
Research & Development	66.43	64.33	62.75	50.14	59.36	56.11
Other Operating Expenses	66.18	47.23	50.78	48.62	26.56	28.2
Operating Expenses	2,145	2,075	2,120	2,086	1,853	1,819
Operating Income	120.67	84.96	-164.75	1,148	126.93	1,043
Interest Expense	-156.76	-164.42	-155.9	-127.38	-121.24	-112.11
Interest & Investment Income	190.83	196.42	195.79	177.46	194.64	126.06
Currency Exchange Gain (Loss)	32.12	32.12	28.76	-201.9	23.74	-15.5
Other Non Operating Income (Expenses)	-51.89	8.41	0.59	-19.69	-16.05	-12.82
EBT Excluding Unusual Items	134.97	157.48	-95.51	976.37	208.03	1,029
Impairment of Goodwill	-	-	-	-48.57	-	-105.83
Gain (Loss) on Sale of Investments	-57.58	-113.67	-53.3	146.14	-104.08	-28.7
Gain (Loss) on Sale of Assets	-3.94	81.16	28.96	-13.45	-6.12	-3.97
Asset Writedown	-325.06	-49.63	-	-	-53.79	-8.46
Other Unusual Items	27.65	27.65	40.58	48.08	88.58	126.77
Pretax Income	-223.97	103	-79.27	1,109	132.62	1,009
Income Tax Expense	122.5	114.12	56.04	443.12	234.73	257
Earnings From Continuing Operations	-346.47	-11.11	-135.31	665.45	-102.11	751.72
Minority Interest in Earnings	349.19	227.17	360.88	-162.68	404.9	-347.08
Net Income	2.72	216.06	225.57	502.77	302.78	404.64
Net Income to Common	2.72	216.06	225.57	502.77	302.78	404.64
Net Income Growth	-99.06%	-4.22%	-55.13%	66.05%	-25.17%	10.55%
Shares Outstanding (Basic)	942	939	940	931	946	941
Shares Outstanding (Diluted)	942	939	940	931	946	941
Shares Change (YoY)	0.70%	-0.05%	0.95%	-1.60%	0.55%	0.26%
EPS (Basic)	0.00	0.23	0.24	0.54	0.32	0.43
EPS (Diluted)	0.00	0.23	0.24	0.54	0.32	0.43
EPS Growth	-99.06%	-4.17%	-55.56%	68.75%	-25.58%	10.26%
Free Cash Flow	294.5	403.37	-271.37	1,240	-475.45	1,096
Free Cash Flow Per Share	0.31	0.43	-0.29	1.33	-0.50	1.17
Dividend Per Share	0.070	0.070	0.073	0.161	0.100	0.130
Dividend Growth	-4.11%	-4.11%	-54.66%	61.00%	-23.08%	8.33%
Gross Margin	10.09%	9.83%	8.74%	12.94%	8.38%	11.99%
Operating Margin	0.54%	0.39%	-0.74%	4.59%	0.54%	4.37%
Profit Margin	0.01%	0.98%	1.01%	2.01%	1.28%	1.70%
Free Cash Flow Margin	1.31%	1.84%	-1.21%	4.96%	-2.01%	4.59%
EBITDA	576.48	544.86	300.59	1,590	633.99	1,452
EBITDA Margin	2.57%	2.48%	1.34%	6.36%	2.68%	6.08%
D&A For EBITDA	455.82	459.9	465.34	441.96	507.06	408.26
EBIT	120.67	84.96	-164.75	1,148	126.93	1,043
EBIT Margin	0.54%	0.39%	-0.74%	4.59%	0.54%	4.37%
Effective Tax Rate	-	110.79%	-	39.97%	177.00%	25.48%
Revenue as Reported	22,457	21,987	22,367	24,987	23,617	23,867
Advertising Expenses	-	239.78	187.15	279.83	256.13	286.64

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