SHA:600378 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	15,624	13,531	14,042	8,698	6,944	5,015
Other Revenue	435.35	435.35	480.7	369.92	480.54	407.3
Revenue	16,059	13,966	14,523	9,068	7,424	5,422
Revenue Growth (YoY)	21.82%	-3.83%	60.17%	22.13%	36.92%	10.10%
Cost of Revenue	12,420	11,103	11,308	6,895	5,444	3,916
Gross Profit	3,639	2,863	3,215	2,173	1,980	1,506
Selling, General & Admin	1,438	1,345	1,381	728.23	736.11	629.77
Research & Development	919.89	927.37	982.46	641.88	542.72	423.19
Other Operating Expenses	-130.98	-198.11	-189.07	-237.05	-212.44	-164.69
Operating Expenses	2,269	2,111	2,188	1,170	1,079	926.46
Operating Income	1,371	752.65	1,027	1,003	900.91	579.67
Interest Expense	-75.38	-98.44	-100.89	-37.39	-24.69	-13.88
Interest & Investment Income	409.75	358.73	335.91	71.49	44.51	37.9
Currency Exchange Gain (Loss)	20.57	20.57	16.71	12.39	-2.26	-0.47
Other Non Operating Income (Expenses)	188.09	206.27	40.38	48.99	77.28	96.93
EBT Excluding Unusual Items	1,914	1,240	1,319	1,098	995.74	700.15
Gain (Loss) on Sale of Investments	-3.68	1.93	3.84	-0.12	0.18	-0.07
Gain (Loss) on Sale of Assets	56.8	56.25	50.81	254.13	10.59	18.77
Asset Writedown	-58.76	-7.7	-27.61	-10.12	-5.56	-
Other Unusual Items	-102.46	-102.46	62	-6.82	-2.87	8.16
Pretax Income	1,806	1,188	1,408	1,335	998.09	727.01
Income Tax Expense	227.85	82.84	219.77	165.29	94.96	73.23
Earnings From Continuing Operations	1,578	1,105	1,188	1,170	903.14	653.78
Minority Interest in Earnings	-144.18	-51.17	-5.21	-5.03	-11.68	-5.95
Net Income	1,433	1,054	1,183	1,165	891.46	647.83
Net Income to Common	1,433	1,054	1,183	1,165	891.46	647.83
Net Income Growth	44.86%	-10.94%	1.57%	30.68%	37.61%	18.92%
Shares Outstanding (Basic)	1,245	1,106	1,109	905	902	902
Shares Outstanding (Diluted)	1,245	1,106	1,109	905	902	902
Shares Change (YoY)	12.40%	-0.26%	22.50%	0.30%	0.09%	5.80%
EPS (Basic)	1.15	0.95	1.07	1.29	0.99	0.72
EPS (Diluted)	1.15	0.95	1.07	1.29	0.99	0.72
EPS Growth	28.88%	-10.71%	-17.08%	30.29%	37.49%	12.40%
Free Cash Flow	-606.38	-1,399	-916.39	-622.73	299.64	-0.68
Free Cash Flow Per Share	-0.49	-1.27	-0.83	-0.69	0.33	-0.00
Dividend Per Share	0.286	0.286	0.346	0.640	0.291	0.247
Dividend Growth	-17.34%	-17.34%	-45.94%	119.86%	17.85%	43.56%
Gross Margin	22.66%	20.50%	22.14%	23.96%	26.67%	27.78%
Operating Margin	8.54%	5.39%	7.07%	11.06%	12.13%	10.69%
Profit Margin	8.93%	7.54%	8.15%	12.85%	12.01%	11.95%
Free Cash Flow Margin	-3.78%	-10.02%	-6.31%	-6.87%	4.04%	-0.01%
EBITDA	2,452	1,778	1,978	1,409	1,228	885.06
EBITDA Margin	15.27%	12.73%	13.62%	15.54%	16.54%	16.32%
D&A For EBITDA	1,081	1,025	951.05	406.63	326.74	305.39
EBIT	1,371	752.65	1,027	1,003	900.91	579.67
EBIT Margin	8.54%	5.39%	7.07%	11.06%	12.13%	10.69%
Effective Tax Rate	12.62%	6.97%	15.61%	12.38%	9.51%	10.07%
Revenue as Reported	16,059	13,966	14,523	9,068	7,424	5,422
Advertising Expenses	-	4.35	7.06	0.92	0.68	1.06

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