SHA:600328 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	11,688	12,484	15,943	18,838	13,165	9,551
Other Revenue	408.26	408.26	312.31	208.08	248.69	201.83
Revenue	12,096	12,893	16,256	19,046	13,413	9,753
Revenue Growth (YoY)	-9.83%	-20.69%	-14.65%	41.99%	37.54%	-9.18%
Cost of Revenue	11,034	10,828	12,723	14,220	10,035	8,155
Gross Profit	1,062	2,065	3,532	4,826	3,379	1,598
Selling, General & Admin	542.68	623.97	770.68	752.15	604.6	451.62
Research & Development	219.18	336.13	354.62	473.1	291.92	122.29
Other Operating Expenses	165.96	133.8	160.48	163.7	157.8	130.25
Operating Expenses	927.65	1,089	1,279	1,388	1,059	704.26
Operating Income	134.18	976.04	2,253	3,438	2,320	893.55
Interest Expense	-70.48	-61.94	-79.35	-153.67	-149.91	-205.5
Interest & Investment Income	36.17	26.58	29.03	17.54	8.31	49.66
Currency Exchange Gain (Loss)	2.86	2.86	2.62	3.95	-4.18	-4.76
Other Non Operating Income (Expenses)	-89.02	-90.15	-56.7	-27.49	1.42	-19.14
EBT Excluding Unusual Items	13.7	853.39	2,149	3,279	2,176	713.81
Gain (Loss) on Sale of Investments	-1.48	-1.48	-20.32	-12.36	-0.95	-0.56
Gain (Loss) on Sale of Assets	51.2	49.81	6.54	-90.74	0	0.26
Asset Writedown	57.7	-	-2.28	-11.73	-51.64	-1.68
Legal Settlements	-	-	-	-10.19	-	-
Other Unusual Items	10.18	10.18	58.13	3.38	7.31	32.14
Pretax Income	131.31	911.9	2,191	3,157	2,130	743.96
Income Tax Expense	64.14	223.05	577.58	777.85	388.01	128.79
Earnings From Continuing Operations	67.17	688.85	1,614	2,379	1,742	615.17
Minority Interest in Earnings	-64.53	-170.06	-425.76	-514.37	-265.38	-61.21
Net Income	2.64	518.79	1,188	1,865	1,477	553.96
Net Income to Common	2.64	518.79	1,188	1,865	1,477	553.96
Net Income Growth	-99.71%	-56.32%	-36.31%	26.27%	166.61%	-38.12%
Shares Outstanding (Basic)	1,456	1,459	1,459	1,264	1,245	1,192
Shares Outstanding (Diluted)	1,456	1,459	1,459	1,264	1,245	1,192
Shares Change (YoY)	-9.02%	0.01%	15.45%	1.52%	4.41%	9.70%
EPS (Basic)	0.00	0.36	0.81	1.48	1.19	0.46
EPS (Diluted)	0.00	0.36	0.81	1.48	1.19	0.46
EPS Growth	-99.69%	-56.33%	-44.83%	24.38%	155.34%	-43.59%
Free Cash Flow	-6,286	-44.11	1,566	1,700	3,193	1,591
Free Cash Flow Per Share	-4.32	-0.03	1.07	1.34	2.56	1.33
Dividend Per Share	0.123	0.123	0.274	0.380	0.361	-
Dividend Growth	-54.96%	-54.96%	-27.89%	5.12%	-	-
Gross Margin	8.78%	16.02%	21.73%	25.34%	25.19%	16.38%
Operating Margin	1.11%	7.57%	13.86%	18.05%	17.30%	9.16%
Profit Margin	0.02%	4.02%	7.31%	9.79%	11.01%	5.68%
Free Cash Flow Margin	-51.97%	-0.34%	9.63%	8.92%	23.80%	16.32%
EBITDA	1,247	2,044	3,261	4,426	3,165	1,665
EBITDA Margin	10.31%	15.85%	20.06%	23.24%	23.60%	17.07%
D&A For EBITDA	1,113	1,068	1,007	987.95	845.27	771.1
EBIT	134.18	976.04	2,253	3,438	2,320	893.55
EBIT Margin	1.11%	7.57%	13.86%	18.05%	17.30%	9.16%
Effective Tax Rate	48.84%	24.46%	26.36%	24.64%	18.21%	17.31%
Revenue as Reported	12,096	12,893	16,256	19,046	13,413	9,753

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