SHA:600348 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	20,571	22,217	25,395	33,211	36,374	29,495
Other Revenue	2,843	2,843	3,123	1,835	1,658	1,686
Revenue	23,414	25,060	28,518	35,046	38,033	31,181
Revenue Growth (YoY)	-8.07%	-12.13%	-18.63%	-7.85%	21.97%	-4.52%
Cost of Revenue	15,343	16,491	15,794	18,838	24,318	25,950
Gross Profit	8,071	8,569	12,724	16,208	13,715	5,231
Selling, General & Admin	1,870	1,750	1,543	1,420	1,421	1,160
Research & Development	888.94	928.48	703.29	232.4	341.28	245.17
Other Operating Expenses	1,953	1,922	2,093	2,434	2,270	1,242
Operating Expenses	4,950	4,699	4,658	4,429	4,428	3,082
Operating Income	3,121	3,870	8,066	11,779	9,286	2,149
Interest Expense	-644.64	-627.65	-584.53	-659.7	-816.25	-449.88
Interest & Investment Income	161.25	207.59	261.24	248.38	203.75	619.71
Currency Exchange Gain (Loss)	-2.28	-2.28	-0.84	-1.73	-1.62	1.51
Other Non Operating Income (Expenses)	19.19	96.5	3.83	-15.52	-244.16	-476.53
EBT Excluding Unusual Items	2,641	3,544	7,745	11,350	8,428	1,844
Gain (Loss) on Sale of Investments	-3.99	-3.99	29.98	57.45	4.42	-30
Gain (Loss) on Sale of Assets	-0.66	-	1.27	4.58	66.29	4.75
Asset Writedown	-20.05	-0.54	9.16	-677.47	-2,424	-21.94
Other Unusual Items	126.3	75.59	102.23	96.58	75.76	146.36
Pretax Income	2,743	3,615	7,888	10,831	6,151	1,943
Income Tax Expense	795.22	1,011	1,838	2,868	1,897	280.97
Earnings From Continuing Operations	1,948	2,604	6,050	7,963	4,254	1,662
Minority Interest in Earnings	-417.68	-378.98	-870.24	-938.99	-722.69	-157.06
Net Income	1,530	2,225	5,179	7,024	3,531	1,505
Preferred Dividends & Other Adjustments	83.3	83.3	-	-	-	-
Net Income to Common	1,447	2,141	5,179	7,024	3,531	1,505
Net Income Growth	-43.89%	-57.05%	-26.26%	98.91%	134.64%	-11.51%
Shares Outstanding (Basic)	3,599	3,608	3,608	3,608	3,608	3,608
Shares Outstanding (Diluted)	3,599	3,608	3,608	3,608	3,608	3,608
Shares Change (YoY)	-0.61%	-	-	-	-	-
EPS (Basic)	0.40	0.59	1.44	1.95	0.98	0.42
EPS (Diluted)	0.40	0.59	1.44	1.95	0.98	0.42
EPS Growth	-47.10%	-58.90%	-26.26%	98.91%	134.64%	-11.51%
Free Cash Flow	-3,893	-9,882	347.55	5,417	6,799	1,819
Free Cash Flow Per Share	-1.08	-2.74	0.10	1.50	1.89	0.50
Dividend Per Share	0.309	0.309	0.718	0.585	0.333	0.167
Dividend Growth	-56.96%	-56.96%	22.80%	75.43%	99.94%	-10.71%
Gross Margin	34.47%	34.19%	44.62%	46.25%	36.06%	16.78%
Operating Margin	13.33%	15.44%	28.28%	33.61%	24.42%	6.89%
Profit Margin	6.18%	8.54%	18.16%	20.04%	9.29%	4.83%
Free Cash Flow Margin	-16.63%	-39.43%	1.22%	15.46%	17.88%	5.83%
EBITDA	5,237	6,138	10,537	14,152	11,549	4,367
EBITDA Margin	22.37%	24.50%	36.95%	40.38%	30.37%	14.01%
D&A For EBITDA	2,117	2,269	2,472	2,374	2,263	2,218
EBIT	3,121	3,870	8,066	11,779	9,286	2,149
EBIT Margin	13.33%	15.44%	28.28%	33.61%	24.42%	6.89%
Effective Tax Rate	28.99%	27.97%	23.31%	26.48%	30.84%	14.46%
Revenue as Reported	23,414	25,060	28,518	35,046	38,033	31,181

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