SHA:600373 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	7,197	9,107	10,667	10,067	10,488	10,107
Other Revenue	196.57	196.57	222.62	169.17	226.71	232.2
Revenue	7,393	9,304	10,890	10,236	10,715	10,340
Revenue Growth (YoY)	-32.98%	-14.56%	6.38%	-4.46%	3.63%	-8.16%
Cost of Revenue	5,005	5,685	6,310	6,336	6,596	6,487
Gross Profit	2,389	3,619	4,580	3,901	4,118	3,852
Selling, General & Admin	2,297	2,560	2,720	2,447	2,632	1,893
Research & Development	218.28	218.97	230.83	251.19	238.38	208.41
Other Operating Expenses	29.15	16.71	5.88	15.19	28.66	25.27
Operating Expenses	2,623	2,857	3,005	2,734	2,976	2,093
Operating Income	-234.5	762.39	1,575	1,167	1,142	1,759
Interest Expense	-91.71	-127.33	-145.7	-161.56	-169.47	-140
Interest & Investment Income	462.37	390.62	677.43	1,184	1,568	489.07
Currency Exchange Gain (Loss)	6	6	0.97	25.68	-11.56	-29.11
Other Non Operating Income (Expenses)	26.68	-13.27	-198.52	-29.03	-178.59	-96.43
EBT Excluding Unusual Items	168.84	1,018	1,909	2,186	2,351	1,982
Gain (Loss) on Sale of Investments	435.32	145.75	-53.48	-128.71	-33.86	44.09
Gain (Loss) on Sale of Assets	22.46	30.59	8.11	7.06	33.26	11.64
Asset Writedown	-40.21	-0.6	-28.76	-43.67	-	-
Other Unusual Items	-11.45	-11.45	69.41	-61.6	-43.67	-121.01
Pretax Income	574.95	1,183	1,904	1,959	2,306	1,917
Income Tax Expense	160.54	399.47	-258.45	42.71	256.01	87.06
Earnings From Continuing Operations	414.41	783.23	2,163	1,917	2,050	1,830
Minority Interest in Earnings	-54.69	-38.84	47.46	13.79	-6.88	-24.52
Net Income	359.72	744.39	2,210	1,930	2,043	1,806
Net Income to Common	359.72	744.39	2,210	1,930	2,043	1,806
Net Income Growth	-79.35%	-66.32%	14.51%	-5.53%	13.17%	4.64%
Shares Outstanding (Basic)	1,387	1,405	1,399	1,359	1,353	1,358
Shares Outstanding (Diluted)	1,387	1,405	1,399	1,359	1,353	1,358
Shares Change (YoY)	-2.87%	0.40%	2.91%	0.45%	-0.32%	-1.65%
EPS (Basic)	0.26	0.53	1.58	1.42	1.51	1.33
EPS (Diluted)	0.26	0.53	1.58	1.42	1.51	1.33
EPS Growth	-78.74%	-66.46%	11.27%	-5.96%	13.53%	6.40%
Free Cash Flow	-261.82	-4.05	1,882	1,934	1,667	2,602
Free Cash Flow Per Share	-0.19	-0.00	1.34	1.42	1.23	1.92
Dividend Per Share	0.400	0.400	0.780	0.750	0.680	0.550
Dividend Growth	-48.72%	-48.72%	4.00%	10.29%	23.64%	10.00%
Gross Margin	32.31%	38.90%	42.06%	38.11%	38.44%	37.26%
Operating Margin	-3.17%	8.19%	14.46%	11.40%	10.66%	17.01%
Profit Margin	4.87%	8.00%	20.30%	18.86%	19.07%	17.46%
Free Cash Flow Margin	-3.54%	-0.04%	17.28%	18.90%	15.55%	25.17%
EBITDA	-37.62	970.39	1,798	1,364	1,358	1,973
EBITDA Margin	-0.51%	10.43%	16.51%	13.32%	12.68%	19.08%
D&A For EBITDA	196.88	208	222.82	196.82	216.28	213.72
EBIT	-234.5	762.39	1,575	1,167	1,142	1,759
EBIT Margin	-3.17%	8.19%	14.46%	11.40%	10.66%	17.01%
Effective Tax Rate	27.92%	33.78%	-	2.18%	11.10%	4.54%
Revenue as Reported	7,393	9,304	10,890	10,236	10,715	10,340
Advertising Expenses	-	138.39	260.34	424.79	683.43	184.38

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