SHA:600223 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	3,738	3,944	4,511	12,659	12,201	13,423
Other Revenue	38.9	38.9	67.66	292.87	161.85	192.08
Revenue	3,777	3,983	4,579	12,951	12,363	13,615
Revenue Growth (YoY)	-5.26%	-13.02%	-64.65%	4.76%	-9.20%	32.33%
Cost of Revenue	1,802	1,891	2,457	10,025	9,384	10,856
Gross Profit	1,975	2,091	2,121	2,926	2,980	2,760
Selling, General & Admin	1,574	1,644	1,668	1,661	1,628	1,172
Research & Development	179.03	166.77	153.36	133.92	118.75	77.17
Other Operating Expenses	44.15	40.15	36.42	539.39	585.63	747.88
Operating Expenses	1,819	1,877	1,894	2,350	2,343	1,994
Operating Income	156.15	214.71	227.71	575.66	636.91	765.96
Interest Expense	-7.57	-22.12	-94.75	-400.97	-112.32	-91.2
Interest & Investment Income	117.94	115.8	259.29	163.61	239.56	255.8
Currency Exchange Gain (Loss)	1.85	1.85	0.32	12.59	-1.14	-2.44
Other Non Operating Income (Expenses)	-3.53	-1.7	-8	-62.17	-139.2	-97.69
EBT Excluding Unusual Items	264.84	308.55	384.56	288.73	623.82	830.43
Impairment of Goodwill	-	-	-1.85	-4.74	-3.98	-
Gain (Loss) on Sale of Assets	-0.82	0.42	-1.12	0.44	-0.04	0.09
Asset Writedown	4.81	-	-	-	-	-0.93
Legal Settlements	-	-	-	-	-	-6.4
Other Unusual Items	35.9	37.33	31.37	-23.37	23.93	30.32
Pretax Income	304.73	346.29	412.96	261.06	643.73	853.5
Income Tax Expense	39.48	49.85	46.82	195.96	249.93	214.61
Earnings From Continuing Operations	265.25	296.44	366.14	65.1	393.8	638.89
Minority Interest in Earnings	-51.14	-52.92	-62.75	-19.64	-31.9	-0.22
Net Income	214.11	243.53	303.39	45.46	361.9	638.67
Net Income to Common	214.11	243.53	303.39	45.46	361.9	638.67
Net Income Growth	-9.47%	-19.73%	567.44%	-87.44%	-43.34%	85.39%
Shares Outstanding (Basic)	1,019	1,015	1,011	1,136	1,005	998
Shares Outstanding (Diluted)	1,019	1,015	1,011	1,136	1,034	1,014
Shares Change (YoY)	2.90%	0.34%	-11.01%	9.90%	2.00%	0.05%
EPS (Basic)	0.21	0.24	0.30	0.04	0.36	0.64
EPS (Diluted)	0.21	0.24	0.30	0.04	0.35	0.63
EPS Growth	-12.02%	-20.00%	650.00%	-88.57%	-44.44%	85.29%
Free Cash Flow	78.66	71.44	262.79	831.98	6,567	4,291
Free Cash Flow Per Share	0.08	0.07	0.26	0.73	6.35	4.23
Dividend Per Share	0.060	0.110	0.100	0.110	0.110	0.200
Dividend Growth	-60.00%	10.00%	-9.09%	-	-45.00%	81.82%
Gross Margin	52.29%	52.51%	46.33%	22.59%	24.10%	20.27%
Operating Margin	4.13%	5.39%	4.97%	4.45%	5.15%	5.63%
Profit Margin	5.67%	6.12%	6.63%	0.35%	2.93%	4.69%
Free Cash Flow Margin	2.08%	1.79%	5.74%	6.42%	53.12%	31.51%
EBITDA	218.18	308.37	363.55	692.15	729.53	851.95
EBITDA Margin	5.78%	7.74%	7.94%	5.34%	5.90%	6.26%
D&A For EBITDA	62.03	93.66	135.84	116.49	92.62	85.99
EBIT	156.15	214.71	227.71	575.66	636.91	765.96
EBIT Margin	4.13%	5.39%	4.97%	4.45%	5.15%	5.63%
Effective Tax Rate	12.95%	14.40%	11.34%	75.06%	38.83%	25.14%
Revenue as Reported	3,777	3,983	4,579	12,951	12,363	13,615
Advertising Expenses	-	811.13	784.1	705.36	630.15	388.03

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