SHA:600320 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	34,921	34,277	32,742	30,026	25,664	22,397
Other Revenue	179.09	179.09	190.97	166.18	314.06	258.5
Revenue	35,101	34,456	32,933	30,192	25,978	22,655
Revenue Growth (YoY)	-1.91%	4.63%	9.08%	16.22%	14.67%	-7.89%
Cost of Revenue	30,987	30,167	28,783	26,232	23,762	19,584
Gross Profit	4,114	4,290	4,150	3,960	2,216	3,071
Selling, General & Admin	996.97	1,034	1,051	1,009	974	1,036
Research & Development	1,481	1,502	1,312	1,118	883.15	737.47
Other Operating Expenses	349.01	334.43	291.3	174.76	108.18	106.28
Operating Expenses	3,396	3,428	3,045	2,634	2,160	2,067
Operating Income	717.19	861.93	1,105	1,326	55.6	1,004
Interest Expense	-686.67	-812.9	-965.87	-1,038	-1,094	-1,343
Interest & Investment Income	447.14	467.3	497.7	617.96	1,643	782.63
Currency Exchange Gain (Loss)	124.59	124.59	44.67	-98.7	108.52	-85.69
Other Non Operating Income (Expenses)	82.03	1.33	-75.61	-75.65	-35.74	-58.54
EBT Excluding Unusual Items	684.29	642.25	606.18	731.38	676.73	298.71
Gain (Loss) on Sale of Investments	49.67	13.43	-27.34	-276.05	-235.91	94.17
Gain (Loss) on Sale of Assets	30.53	106.96	79.04	66.19	71.28	6.76
Asset Writedown	88.47	-	-	-	-	-
Other Unusual Items	170.78	170.78	125.45	127.22	92.45	102.57
Pretax Income	1,028	937.43	785.16	655.23	605.34	502.21
Income Tax Expense	178.49	157.48	138.61	57.67	77	86.07
Earnings From Continuing Operations	849.25	779.94	646.54	597.56	528.35	416.14
Minority Interest in Earnings	-224.75	-246.42	-126.57	-225.63	-88.51	6.1
Net Income	624.51	533.52	519.98	371.94	439.84	422.24
Net Income to Common	624.51	533.52	519.98	371.94	439.84	422.24
Net Income Growth	-1.38%	2.60%	39.80%	-15.44%	4.17%	-18.00%
Shares Outstanding (Basic)	5,328	5,335	5,200	5,313	5,498	5,268
Shares Outstanding (Diluted)	5,328	5,335	5,200	5,313	5,498	5,268
Shares Change (YoY)	3.96%	2.60%	-2.14%	-3.36%	4.36%	0.27%
EPS (Basic)	0.12	0.10	0.10	0.07	0.08	0.08
EPS (Diluted)	0.12	0.10	0.10	0.07	0.08	0.08
EPS Growth	-5.13%	-	42.86%	-12.50%	0.00%	-18.37%
Free Cash Flow	4,799	4,214	4,437	2,080	854.23	-819.52
Free Cash Flow Per Share	0.90	0.79	0.85	0.39	0.15	-0.16
Dividend Per Share	0.075	0.055	0.050	-	0.047	-
Dividend Growth	50.00%	10.00%	-	-	-	-
Gross Margin	11.72%	12.45%	12.60%	13.12%	8.53%	13.55%
Operating Margin	2.04%	2.50%	3.36%	4.39%	0.21%	4.43%
Profit Margin	1.78%	1.55%	1.58%	1.23%	1.69%	1.86%
Free Cash Flow Margin	13.67%	12.23%	13.47%	6.89%	3.29%	-3.62%
EBITDA	2,266	2,326	2,457	2,592	1,352	2,327
EBITDA Margin	6.46%	6.75%	7.46%	8.59%	5.21%	10.27%
D&A For EBITDA	1,549	1,464	1,352	1,266	1,297	1,324
EBIT	717.19	861.93	1,105	1,326	55.6	1,004
EBIT Margin	2.04%	2.50%	3.36%	4.39%	0.21%	4.43%
Effective Tax Rate	17.37%	16.80%	17.65%	8.80%	12.72%	17.14%
Revenue as Reported	35,101	34,456	32,933	30,192	25,978	-
Advertising Expenses	-	9.68	11.03	3.8	3.23	5.75

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