SHA:600300 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	3,299	3,600	3,978	4,164	4,518	4,708
Other Revenue	56.51	56.51	57.57	58.11	49.93	90.45
Revenue	3,355	3,656	4,036	4,222	4,568	4,799
Revenue Growth (YoY)	-1.35%	-9.40%	-4.42%	-7.57%	-4.81%	4.30%
Cost of Revenue	2,381	2,711	3,173	3,370	3,681	3,800
Gross Profit	974.32	945.14	862.6	852.04	886.82	998.54
Selling, General & Admin	414.31	443.42	477.47	488.79	470.78	599.58
Research & Development	7.17	7.03	5.57	3.88	3.36	3.51
Other Operating Expenses	50.48	44.96	43.32	41.86	38.78	71.05
Operating Expenses	468.55	495.13	524.6	535.81	517.22	680.35
Operating Income	505.77	450.01	338.01	316.23	369.6	318.19
Interest Expense	-5.23	-11.19	-24.95	-56.58	-66.35	-160.15
Interest & Investment Income	13.38	6.71	24.8	3.79	14.43	166.58
Currency Exchange Gain (Loss)	0.16	0.16	0.57	1.32	-0.29	-0.6
Other Non Operating Income (Expenses)	90.8	83.7	-62.36	-56.92	-9.13	-18.28
EBT Excluding Unusual Items	604.88	529.4	276.06	207.84	308.24	305.75
Gain (Loss) on Sale of Investments	0.54	-1.4	-23.06	-8.09	-11.05	0.79
Gain (Loss) on Sale of Assets	14.09	116.6	76.49	-11.52	4	210.44
Asset Writedown	-0.23	-0.23	-26.24	-3.87	-	-27.95
Other Unusual Items	-92.71	-96.56	7.85	9	13.32	50.84
Pretax Income	526.57	547.81	311.11	193.36	314.51	539.87
Income Tax Expense	122.38	136.91	106.88	101.41	91.15	100.92
Earnings From Continuing Operations	404.19	410.9	204.23	91.96	223.37	438.95
Net Income to Company	404.19	410.9	204.23	91.96	223.37	438.95
Minority Interest in Earnings	2.21	0.25	5.26	3.33	-0.06	-3.21
Net Income	406.4	411.14	209.49	95.29	223.3	435.73
Net Income to Common	406.4	411.14	209.49	95.29	223.3	435.73
Net Income Growth	26.37%	96.26%	119.84%	-57.33%	-48.75%	497.50%
Shares Outstanding (Basic)	1,621	1,645	1,611	1,588	1,595	1,614
Shares Outstanding (Diluted)	1,621	1,645	1,611	1,588	1,595	1,614
Shares Change (YoY)	2.18%	2.05%	1.47%	-0.43%	-1.17%	-2.64%
EPS (Basic)	0.25	0.25	0.13	0.06	0.14	0.27
EPS (Diluted)	0.25	0.25	0.13	0.06	0.14	0.27
EPS Growth	23.67%	92.31%	116.67%	-57.14%	-48.15%	575.02%
Free Cash Flow	836.05	258.95	611.42	152.49	-90.85	552.55
Free Cash Flow Per Share	0.52	0.16	0.38	0.10	-0.06	0.34
Dividend Per Share	0.128	0.128	0.065	0.018	0.030	0.100
Dividend Growth	96.92%	96.92%	261.11%	-40.00%	-70.00%	-
Gross Margin	29.04%	25.85%	21.38%	20.18%	19.41%	20.81%
Operating Margin	15.07%	12.31%	8.38%	7.49%	8.09%	6.63%
Profit Margin	12.11%	11.24%	5.19%	2.26%	4.89%	9.08%
Free Cash Flow Margin	24.92%	7.08%	15.15%	3.61%	-1.99%	11.51%
EBITDA	685.45	651.64	568.9	560.08	571.46	542.06
EBITDA Margin	20.43%	17.82%	14.10%	13.26%	12.51%	11.30%
D&A For EBITDA	179.68	201.63	230.89	243.85	201.87	223.87
EBIT	505.77	450.01	338.01	316.23	369.6	318.19
EBIT Margin	15.07%	12.31%	8.38%	7.49%	8.09%	6.63%
Effective Tax Rate	23.24%	24.99%	34.35%	52.44%	28.98%	18.69%
Revenue as Reported	3,355	3,656	4,036	4,222	4,568	4,799
Advertising Expenses	-	73.81	80.32	83.58	104.59	198.14

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