SHA:600098 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	49,797	47,835	46,274	47,437	37,395	31,228
Other Revenue	483.44	493.8	523.72	472.35	557.18	482.5
Revenue	50,281	48,328	46,797	47,910	37,953	31,710
Revenue Growth (YoY)	0.64%	3.27%	-2.32%	26.24%	19.68%	6.97%
Cost of Revenue	45,644	43,220	41,730	44,255	36,446	28,641
Gross Profit	4,637	5,108	5,067	3,655	1,507	3,070
Selling, General & Admin	1,180	1,171	1,176	1,029	925.38	856.95
Research & Development	727.26	685.56	650.56	575.33	521.27	487.54
Other Operating Expenses	147.74	119.75	102.71	106.95	83.38	118.77
Operating Expenses	2,056	1,971	1,942	1,671	1,531	1,468
Operating Income	2,581	3,137	3,125	1,984	-24.41	1,602
Interest Expense	-885.66	-974.89	-828.39	-763.8	-794.55	-561.26
Interest & Investment Income	192.77	325.44	219.91	275.71	274.89	553.64
Currency Exchange Gain (Loss)	1.19	1.19	18.89	-10.19	2.94	-1.86
Other Non Operating Income (Expenses)	-106.73	-111.67	-237.05	-77.46	-50.73	-35.16
EBT Excluding Unusual Items	1,782	2,377	2,298	1,409	-591.86	1,557
Impairment of Goodwill	-93.05	-93.05	-42.76	-	-	-54.58
Gain (Loss) on Sale of Investments	12.28	12.28	-9.37	11.06	75.44	-215.32
Gain (Loss) on Sale of Assets	1,667	0.76	-37.22	1.67	0.76	-0.95
Asset Writedown	-332.79	-3.08	-23.91	-2.72	-2.63	-0.06
Legal Settlements	-	-	-	0.46	-	-
Other Unusual Items	89.07	89.07	130.42	57.16	169.56	45.27
Pretax Income	3,126	2,384	2,317	1,476	-348.73	1,347
Income Tax Expense	621.73	429.48	451.91	305.18	-246.46	254.9
Earnings From Continuing Operations	2,504	1,955	1,865	1,171	-102.28	1,092
Minority Interest in Earnings	-200.09	-222.76	-227.24	182.88	274.35	-188.81
Net Income	2,304	1,732	1,638	1,354	172.07	903.47
Net Income to Common	2,304	1,732	1,638	1,354	172.07	903.47
Net Income Growth	35.75%	5.73%	20.98%	686.80%	-80.95%	12.16%
Shares Outstanding (Basic)	3,499	3,496	3,489	3,488	2,736	2,668
Shares Outstanding (Diluted)	3,499	3,496	3,489	3,488	2,736	2,668
Shares Change (YoY)	0.22%	0.20%	0.05%	27.49%	2.55%	-2.02%
EPS (Basic)	0.66	0.50	0.47	0.39	0.06	0.34
EPS (Diluted)	0.66	0.50	0.47	0.39	0.06	0.34
EPS Growth	35.45%	5.52%	20.92%	517.17%	-81.43%	14.47%
Free Cash Flow	-1,033	555.47	-1,456	-947.64	-1,062	221.7
Free Cash Flow Per Share	-0.29	0.16	-0.42	-0.27	-0.39	0.08
Dividend Per Share	0.370	0.270	0.250	0.200	0.100	0.170
Dividend Growth	48.00%	8.00%	25.00%	100.00%	-41.18%	240.00%
Gross Margin	9.22%	10.57%	10.83%	7.63%	3.97%	9.68%
Operating Margin	5.13%	6.49%	6.68%	4.14%	-0.06%	5.05%
Profit Margin	4.58%	3.58%	3.50%	2.83%	0.45%	2.85%
Free Cash Flow Margin	-2.05%	1.15%	-3.11%	-1.98%	-2.80%	0.70%
EBITDA	5,273	5,417	4,857	3,470	1,389	2,882
EBITDA Margin	10.49%	11.21%	10.38%	7.24%	3.66%	9.09%
D&A For EBITDA	2,692	2,281	1,732	1,486	1,413	1,280
EBIT	2,581	3,137	3,125	1,984	-24.41	1,602
EBIT Margin	5.13%	6.49%	6.68%	4.14%	-0.06%	5.05%
Effective Tax Rate	19.89%	18.02%	19.50%	20.67%	-	18.92%
Revenue as Reported	50,281	48,328	46,797	47,910	37,953	31,710

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