SHA:600278 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	35,711	35,293	33,496	41,389	43,364	41,809
Other Revenue	135.92	135.92	150.94	90.02	185.15	154.9
Revenue	35,847	35,429	33,647	41,479	43,549	41,964
Revenue Growth (YoY)	16.84%	5.30%	-18.88%	-4.75%	3.78%	7.93%
Cost of Revenue	34,236	33,786	31,889	39,392	41,880	40,518
Gross Profit	1,611	1,643	1,757	2,087	1,669	1,446
Selling, General & Admin	1,300	1,361	1,368	1,358	1,242	1,204
Research & Development	6.7	6.17	4.27	3.49	1.94	2.12
Other Operating Expenses	34.09	39.88	40.5	19.47	46.85	1.99
Operating Expenses	1,384	1,455	1,461	1,391	1,269	1,230
Operating Income	227.64	188.16	296.05	695.91	399.85	216.03
Interest Expense	-33.52	-37.71	-42.31	-55.88	-57.47	-34.22
Interest & Investment Income	128.87	133.81	122.34	124.02	166.67	116.74
Currency Exchange Gain (Loss)	59.99	59.99	-7.67	-	86.98	98.48
Other Non Operating Income (Expenses)	-111.37	-78.82	-27.15	-179.45	-37.63	-18.95
EBT Excluding Unusual Items	271.61	265.44	341.25	584.59	558.41	378.08
Gain (Loss) on Sale of Investments	77.91	93.2	38.55	-14.46	17.34	55.36
Gain (Loss) on Sale of Assets	4.96	5.85	65.66	0.41	1.4	1.78
Asset Writedown	-0.1	-	-	-	-46.37	-
Legal Settlements	-	-	-	-	-3.04	-1.07
Other Unusual Items	28.12	28.12	49.17	46.64	52.07	20.45
Pretax Income	382.49	392.61	494.62	617.17	579.81	454.6
Income Tax Expense	106.48	110.54	119.08	140.1	118.73	110
Earnings From Continuing Operations	276.01	282.07	375.54	477.08	461.08	344.6
Minority Interest in Earnings	-67.63	-65.82	-103.42	-107.56	-80.32	-66.55
Net Income	208.38	216.25	272.12	369.52	380.77	278.05
Net Income to Common	208.38	216.25	272.12	369.52	380.77	278.05
Net Income Growth	-11.10%	-20.53%	-26.36%	-2.95%	36.94%	52.15%
Shares Outstanding (Basic)	837	865	878	880	865	751
Shares Outstanding (Diluted)	837	865	878	880	865	751
Shares Change (YoY)	-6.81%	-1.46%	-0.23%	1.67%	15.16%	-1.31%
EPS (Basic)	0.25	0.25	0.31	0.42	0.44	0.37
EPS (Diluted)	0.25	0.25	0.31	0.42	0.44	0.37
EPS Growth	-4.61%	-19.36%	-26.19%	-4.54%	18.92%	54.17%
Free Cash Flow	-267.94	-286.53	264.53	890.26	-177.93	-59.78
Free Cash Flow Per Share	-0.32	-0.33	0.30	1.01	-0.21	-0.08
Dividend Per Share	0.103	0.167	0.093	0.126	0.130	0.093
Dividend Growth	-44.64%	79.47%	-26.15%	-3.08%	39.78%	43.08%
Gross Margin	4.50%	4.64%	5.22%	5.03%	3.83%	3.45%
Operating Margin	0.64%	0.53%	0.88%	1.68%	0.92%	0.52%
Profit Margin	0.58%	0.61%	0.81%	0.89%	0.87%	0.66%
Free Cash Flow Margin	-0.75%	-0.81%	0.79%	2.15%	-0.41%	-0.14%
EBITDA	320.25	291.58	413.88	819.39	530.27	326.95
EBITDA Margin	0.89%	0.82%	1.23%	1.98%	1.22%	0.78%
D&A For EBITDA	92.61	103.42	117.83	123.48	130.42	110.92
EBIT	227.64	188.16	296.05	695.91	399.85	216.03
EBIT Margin	0.64%	0.53%	0.88%	1.68%	0.92%	0.52%
Effective Tax Rate	27.84%	28.16%	24.08%	22.70%	20.48%	24.20%
Revenue as Reported	35,847	35,429	33,647	41,479	43,549	41,964
Advertising Expenses	-	18	14.15	5.72	15.05	9.73

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