SHA:600325 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	75,839	55,719	68,350	56,784	48,599	48,112
Other Revenue	4,273	4,273	3,795	3,663	2,642	2,895
Revenue	80,112	59,992	72,145	60,447	51,241	51,006
Revenue Growth (YoY)	41.73%	-16.84%	19.35%	17.97%	0.46%	53.87%
Cost of Revenue	70,698	52,959	60,655	49,027	38,021	38,700
Gross Profit	9,414	7,033	11,490	11,420	13,219	12,306
Selling, General & Admin	3,203	3,171	3,868	3,630	3,109	2,904
Research & Development	85.42	79.03	88.53	109.36	79	37.21
Other Operating Expenses	3,094	2,235	2,729	2,595	3,355	3,392
Operating Expenses	6,518	5,611	6,734	6,436	6,634	6,369
Operating Income	2,896	1,422	4,756	4,984	6,585	5,937
Interest Expense	-1,445	-1,281	-1,302	-1,133	-1,415	-1,358
Interest & Investment Income	1,230	1,699	1,302	2,518	1,745	1,563
Currency Exchange Gain (Loss)	56.45	56.45	25.45	-44.65	24.53	8.88
Other Non Operating Income (Expenses)	-246.91	-18.72	-17.36	15.43	1.34	-19.41
EBT Excluding Unusual Items	2,491	1,878	4,763	6,339	6,941	6,132
Gain (Loss) on Sale of Investments	48.19	68.37	991.77	168.31	19.6	201.11
Gain (Loss) on Sale of Assets	2.91	3.52	-4.27	1.14	-2.23	-1.33
Asset Writedown	-1,402	-0.43	-0.91	-0.55	-	-
Other Unusual Items	12.09	12.09	123.03	20.85	-129.53	-78.7
Pretax Income	1,152	1,962	5,873	6,529	6,829	6,253
Income Tax Expense	424.63	557.36	2,408	1,651	2,152	1,693
Earnings From Continuing Operations	727.38	1,405	3,465	4,878	4,677	4,560
Minority Interest in Earnings	-1,009	-453.26	-1,627	-2,268	-1,482	-1,658
Net Income	-281.8	951.3	1,838	2,610	3,195	2,902
Net Income to Common	-281.8	951.3	1,838	2,610	3,195	2,902
Net Income Growth	-	-48.24%	-29.58%	-18.31%	10.09%	4.28%
Shares Outstanding (Basic)	2,592	2,718	2,326	2,289	2,384	2,502
Shares Outstanding (Diluted)	2,592	2,718	2,326	2,289	2,384	2,502
Shares Change (YoY)	-5.24%	16.83%	1.62%	-3.97%	-4.70%	9.68%
EPS (Basic)	-0.11	0.35	0.79	1.14	1.34	1.16
EPS (Diluted)	-0.11	0.35	0.79	1.14	1.34	1.16
EPS Growth	-	-55.70%	-30.70%	-14.92%	15.52%	-4.92%
Free Cash Flow	22,490	5,593	-1,841	7,820	6,140	-15,857
Free Cash Flow Per Share	8.68	2.06	-0.79	3.42	2.58	-6.34
Dividend Per Share	0.124	0.104	0.370	0.370	0.460	0.450
Dividend Growth	-66.49%	-71.89%	-	-19.56%	2.22%	-25.00%
Gross Margin	11.75%	11.72%	15.93%	18.89%	25.80%	24.13%
Operating Margin	3.62%	2.37%	6.59%	8.24%	12.85%	11.64%
Profit Margin	-0.35%	1.59%	2.55%	4.32%	6.24%	5.69%
Free Cash Flow Margin	28.07%	9.32%	-2.55%	12.94%	11.98%	-31.09%
EBITDA	3,155	1,661	4,967	5,172	6,686	6,005
EBITDA Margin	3.94%	2.77%	6.88%	8.56%	13.05%	11.77%
D&A For EBITDA	259.17	238.58	211.12	188.86	101.2	67.38
EBIT	2,896	1,422	4,756	4,984	6,585	5,937
EBIT Margin	3.62%	2.37%	6.59%	8.24%	12.85%	11.64%
Effective Tax Rate	36.86%	28.41%	41.00%	25.29%	31.52%	27.07%
Revenue as Reported	80,112	59,992	72,145	60,447	51,241	51,006
Advertising Expenses	-	577.64	878	683.31	-	-

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