SHA:600285 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	3,780	3,498	3,307	2,998	2,690	2,328
Other Revenue	2.73	2.73	3.98	3.44	3.48	3.44
Revenue	3,783	3,501	3,311	3,002	2,694	2,332
Revenue Growth (YoY)	6.15%	5.72%	10.31%	11.45%	15.52%	8.09%
Cost of Revenue	735.96	848.37	888.53	837.53	707.97	547.68
Gross Profit	3,047	2,652	2,423	2,164	1,986	1,784
Selling, General & Admin	2,030	1,762	1,675	1,608	1,483	1,342
Research & Development	161.64	131.53	109.65	125.07	86.21	97.76
Other Operating Expenses	39.64	29.69	44.84	40.54	37.4	28.4
Operating Expenses	2,236	1,929	1,834	1,775	1,609	1,468
Operating Income	810.8	723.74	588.93	389.07	376.45	316.2
Interest Expense	-3.02	-0.26	-0.2	-1.14	-1.9	-1.1
Interest & Investment Income	60.74	59.04	55.87	86.61	43.03	57.89
Currency Exchange Gain (Loss)	-0	-0	-0.01	0	-0	0
Other Non Operating Income (Expenses)	-2.44	-0.18	-1.69	-1.75	-1.7	7.08
EBT Excluding Unusual Items	866.08	782.35	642.9	472.79	415.88	380.07
Impairment of Goodwill	-	-	-	-	-	-0.5
Gain (Loss) on Sale of Investments	4.44	-0.01	0.12	5.93	0.05	-0.05
Gain (Loss) on Sale of Assets	0.69	-3.9	-0.63	-0.1	-20.32	-2.95
Asset Writedown	0.35	-	-1.83	-	-	-27.8
Other Unusual Items	48.47	49.13	12.49	38.42	17.74	15.43
Pretax Income	920.03	827.57	653.04	517.03	413.35	364.2
Income Tax Expense	117.81	104.99	84.93	51.73	50.85	39.82
Earnings From Continuing Operations	802.21	722.58	568.12	465.3	362.5	324.38
Minority Interest in Earnings	-2.6	-0.03	-0.01	-0	-0.96	1.11
Net Income	799.61	722.55	568.11	465.3	361.54	325.49
Net Income to Common	799.61	722.55	568.11	465.3	361.54	325.49
Net Income Growth	18.32%	27.18%	22.09%	28.70%	11.08%	10.55%
Shares Outstanding (Basic)	566	561	561	557	556	568
Shares Outstanding (Diluted)	570	564	566	568	567	568
Shares Change (YoY)	1.46%	-0.42%	-0.30%	0.26%	-0.24%	-1.22%
EPS (Basic)	1.41	1.29	1.01	0.84	0.65	0.57
EPS (Diluted)	1.40	1.28	1.00	0.82	0.64	0.57
EPS Growth	16.62%	27.72%	22.47%	28.37%	11.34%	11.91%
Free Cash Flow	896.48	760.75	792.23	807.92	768.78	378.71
Free Cash Flow Per Share	1.57	1.35	1.40	1.42	1.36	0.67
Dividend Per Share	0.900	0.900	0.800	0.600	0.500	0.400
Dividend Growth	12.50%	12.50%	33.33%	20.00%	25.00%	33.33%
Gross Margin	80.55%	75.77%	73.17%	72.10%	73.72%	76.51%
Operating Margin	21.43%	20.67%	17.78%	12.96%	13.98%	13.56%
Profit Margin	21.14%	20.64%	17.16%	15.50%	13.42%	13.96%
Free Cash Flow Margin	23.70%	21.73%	23.92%	26.91%	28.54%	16.24%
EBITDA	879.48	795.48	664.74	463.4	447.63	384.66
EBITDA Margin	23.25%	22.72%	20.07%	15.44%	16.62%	16.50%
D&A For EBITDA	68.68	71.74	75.81	74.33	71.18	68.46
EBIT	810.8	723.74	588.93	389.07	376.45	316.2
EBIT Margin	21.43%	20.67%	17.78%	12.96%	13.98%	13.56%
Effective Tax Rate	12.80%	12.69%	13.00%	10.01%	12.30%	10.93%
Revenue as Reported	3,783	3,501	3,311	3,002	2,694	2,332
Advertising Expenses	-	290.05	265.07	295.91	-	356.56

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