SHA:600361 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	78,818	79,638	72,263	68,682	58,626	8,120
Other Revenue	1,304	1,304	580.71	636.91	803.07	1,429
Revenue	80,122	80,942	72,844	69,319	59,429	9,549
Revenue Growth (YoY)	1.54%	11.12%	5.08%	16.64%	522.38%	-20.38%
Cost of Revenue	77,576	78,235	70,512	66,948	57,522	6,919
Gross Profit	2,545	2,706	2,332	2,371	1,907	2,629
Selling, General & Admin	582.83	576.04	471.52	399.05	385.54	2,345
Research & Development	323.98	296.15	269.6	265.62	186.6	-
Other Operating Expenses	144.03	137.64	113.44	137.92	50.88	26.45
Operating Expenses	1,063	1,028	862.57	810.4	630.44	2,370
Operating Income	1,483	1,678	1,469	1,561	1,277	259.59
Interest Expense	-490.24	-418.6	-350.77	-324.91	-376.75	-126.98
Interest & Investment Income	50.8	38.61	54.12	60.79	183.27	99.57
Currency Exchange Gain (Loss)	29.23	29.23	2.56	26.28	-3.74	1.77
Other Non Operating Income (Expenses)	-9.08	-13.2	7.37	-9.32	-21.57	-37.31
EBT Excluding Unusual Items	1,064	1,315	1,182	1,314	1,058	196.63
Impairment of Goodwill	-	-	-	-	-	-7.89
Gain (Loss) on Sale of Investments	111.54	-39.67	-38.78	-	-	-5.54
Gain (Loss) on Sale of Assets	0.39	10.6	3.85	-9.15	1.33	-
Asset Writedown	-9.66	-	-	-	-3.17	-34.38
Other Unusual Items	35.33	45.09	94.34	37.32	10.08	59.77
Pretax Income	1,201	1,331	1,242	1,342	1,066	208.6
Income Tax Expense	281.3	325.62	284.18	252.18	197.8	104.55
Earnings From Continuing Operations	919.84	1,005	957.7	1,090	868.68	104.04
Minority Interest in Earnings	9.23	5.41	0.17	-	-	-0.93
Net Income	929.07	1,010	957.87	1,090	868.68	103.12
Net Income to Common	929.07	1,010	957.87	1,090	868.68	103.12
Net Income Growth	-9.81%	5.48%	-12.10%	25.44%	742.42%	22.38%
Shares Outstanding (Basic)	4,098	4,260	4,115	3,448	3,337	687
Shares Outstanding (Diluted)	4,098	4,260	4,115	3,448	3,337	737
Shares Change (YoY)	-4.05%	3.52%	19.32%	3.33%	353.09%	13.64%
EPS (Basic)	0.23	0.24	0.23	0.32	0.26	0.15
EPS (Diluted)	0.23	0.24	0.23	0.32	0.26	0.14
EPS Growth	-6.00%	1.89%	-26.33%	21.40%	85.93%	7.69%
Free Cash Flow	-376.14	-118.05	-1,730	-978.22	-4,073	488.16
Free Cash Flow Per Share	-0.09	-0.03	-0.42	-0.28	-1.22	0.66
Dividend Per Share	0.081	0.081	0.070	0.060	-	0.080
Dividend Growth	15.43%	15.43%	16.67%	-	-	14.29%
Gross Margin	3.18%	3.34%	3.20%	3.42%	3.21%	27.54%
Operating Margin	1.85%	2.07%	2.02%	2.25%	2.15%	2.72%
Profit Margin	1.16%	1.25%	1.31%	1.57%	1.46%	1.08%
Free Cash Flow Margin	-0.47%	-0.15%	-2.38%	-1.41%	-6.85%	5.11%
EBITDA	2,232	2,299	1,919	1,984	1,622	388.84
EBITDA Margin	2.79%	2.84%	2.63%	2.86%	2.73%	4.07%
D&A For EBITDA	749.44	620.87	449.44	423.26	345.24	129.25
EBIT	1,483	1,678	1,469	1,561	1,277	259.59
EBIT Margin	1.85%	2.07%	2.02%	2.25%	2.15%	2.72%
Effective Tax Rate	23.42%	24.47%	22.88%	18.79%	18.55%	50.12%
Revenue as Reported	80,122	80,942	72,844	69,319	59,429	9,549
Advertising Expenses	-	10.79	9.5	8.88	8.15	1.79

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