SHA:600351 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	2,239	2,652	2,880	2,681	2,681	2,556
Other Revenue	34.52	34.52	29.46	37.45	83.2	46.85
Revenue	2,273	2,686	2,910	2,718	2,764	2,602
Revenue Growth (YoY)	-19.73%	-7.69%	7.05%	-1.66%	6.21%	-14.45%
Cost of Revenue	1,118	1,323	1,246	1,216	1,095	1,073
Gross Profit	1,156	1,363	1,664	1,502	1,669	1,529
Selling, General & Admin	706.08	913.51	1,228	1,159	1,296	1,235
Research & Development	121.9	139.52	118.29	130.62	157.13	144.46
Other Operating Expenses	38.46	31.39	31.34	33.98	33.38	34.31
Operating Expenses	858.74	1,086	1,373	1,324	1,473	1,412
Operating Income	296.9	276.84	291.5	178.07	196.65	117.42
Interest Expense	-1.78	-5.35	-12.3	-18.77	-22.61	-32.61
Interest & Investment Income	6.49	6.45	9.49	8.18	22.04	4
Currency Exchange Gain (Loss)	0.05	0.05	-0.03	0.27	-0.13	-0.17
Other Non Operating Income (Expenses)	11.42	5.96	-9.75	-8.01	-3.53	-4.24
EBT Excluding Unusual Items	313.07	283.95	278.91	159.74	192.42	84.4
Impairment of Goodwill	-	-	-	-48.3	-	-
Gain (Loss) on Sale of Investments	-2.05	-3.04	-5.35	-4.17	1.34	3.34
Gain (Loss) on Sale of Assets	0.14	0.35	1.12	0.12	0.15	2.63
Asset Writedown	-87.11	-27.53	-84.97	-9.75	-22.97	-3.44
Other Unusual Items	37.42	38.37	29.26	28.02	30.66	40.49
Pretax Income	261.46	292.11	218.98	125.65	201.59	127.42
Income Tax Expense	67.52	68.19	39.07	21.04	17.83	18.43
Earnings From Continuing Operations	193.94	223.92	179.91	104.6	183.76	108.99
Minority Interest in Earnings	28.91	18.77	19.67	0.05	3.33	-1.62
Net Income	222.85	242.69	199.59	104.66	187.09	107.37
Net Income to Common	222.85	242.69	199.59	104.66	187.09	107.37
Net Income Growth	0.97%	21.60%	90.71%	-44.06%	74.25%	672.05%
Shares Outstanding (Basic)	706	723	763	770	770	770
Shares Outstanding (Diluted)	706	723	763	770	770	770
Shares Change (YoY)	-3.67%	-5.25%	-0.89%	0.02%	-0.04%	-0.86%
EPS (Basic)	0.32	0.34	0.26	0.14	0.24	0.14
EPS (Diluted)	0.32	0.34	0.26	0.14	0.24	0.14
EPS Growth	4.82%	28.34%	92.42%	-44.07%	74.32%	678.77%
Free Cash Flow	500.83	437.03	397.7	398.23	342.45	318.09
Free Cash Flow Per Share	0.71	0.60	0.52	0.52	0.45	0.41
Dividend Per Share	0.500	0.300	0.150	0.050	0.080	0.050
Dividend Growth	233.33%	100.00%	200.00%	-37.50%	60.00%	150.00%
Gross Margin	50.84%	50.73%	57.19%	55.27%	60.39%	58.77%
Operating Margin	13.06%	10.31%	10.02%	6.55%	7.12%	4.51%
Profit Margin	9.80%	9.04%	6.86%	3.85%	6.77%	4.13%
Free Cash Flow Margin	22.03%	16.27%	13.67%	14.65%	12.39%	12.22%
EBITDA	418.15	412.82	447.11	338.04	363.93	287.3
EBITDA Margin	18.39%	15.37%	15.37%	12.44%	13.17%	11.04%
D&A For EBITDA	121.25	135.98	155.61	159.97	167.27	169.88
EBIT	296.9	276.84	291.5	178.07	196.65	117.42
EBIT Margin	13.06%	10.31%	10.02%	6.55%	7.12%	4.51%
Effective Tax Rate	25.82%	23.34%	17.84%	16.75%	8.85%	14.46%
Revenue as Reported	2,273	2,686	2,910	2,718	2,764	2,602
Advertising Expenses	-	131.24	119.31	105.5	100.49	92.83

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