SHA:600409 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	19,019	20,933	21,486	23,128	22,131	16,911
Other Revenue	428.38	428.38	434.07	552.2	1,051	869.51
Revenue	19,448	21,361	21,920	23,680	23,182	17,780
Revenue Growth (YoY)	-9.90%	-2.55%	-7.43%	2.15%	30.38%	-13.33%
Cost of Revenue	16,982	18,016	17,507	19,218	18,151	14,696
Gross Profit	2,465	3,346	4,413	4,461	5,031	3,084
Selling, General & Admin	1,398	1,578	1,850	1,814	1,899	1,601
Research & Development	590.14	607.49	595.51	330.22	221.36	192.85
Other Operating Expenses	216.27	255.52	308.8	312.81	336.97	215.09
Operating Expenses	2,206	2,438	2,753	2,459	2,475	2,016
Operating Income	259.39	907.73	1,661	2,003	2,557	1,068
Interest Expense	-133.49	-144.68	-246.48	-264.19	-278.53	-345.38
Interest & Investment Income	46.18	45.78	58.95	49.56	35.17	59.92
Currency Exchange Gain (Loss)	-21.06	-21.06	-5.6	-70.6	38.3	40.85
Other Non Operating Income (Expenses)	-56.38	-45.03	-65.69	-56.52	-74.42	-21.03
EBT Excluding Unusual Items	94.65	742.73	1,402	1,661	2,277	802.09
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.08
Gain (Loss) on Sale of Assets	-14.52	-11.48	-23.33	-23.05	-29.07	-30.36
Asset Writedown	-28.64	-9.15	-9.92	-	-8.72	-6.61
Other Unusual Items	167.16	108.57	46.05	51.37	66.68	120.29
Pretax Income	218.66	830.68	1,415	1,689	2,306	885.5
Income Tax Expense	15.69	176.8	482.44	364.93	456.5	132.59
Earnings From Continuing Operations	202.96	653.88	932.2	1,324	1,849	752.9
Minority Interest in Earnings	22.99	-154.86	-366.53	-335.57	-178.41	-35.85
Net Income	225.96	499.02	565.67	988.69	1,671	717.06
Net Income to Common	225.96	499.02	565.67	988.69	1,671	717.06
Net Income Growth	-63.12%	-11.78%	-42.79%	-40.83%	133.04%	5.00%
Shares Outstanding (Basic)	2,065	2,065	2,064	2,064	2,064	2,064
Shares Outstanding (Diluted)	2,065	2,065	2,064	2,064	2,064	2,064
Shares Change (YoY)	0.02%	0.01%	-	0.01%	0.01%	-0.02%
EPS (Basic)	0.11	0.24	0.27	0.48	0.81	0.35
EPS (Diluted)	0.11	0.24	0.27	0.48	0.81	0.35
EPS Growth	-63.13%	-11.79%	-42.79%	-40.84%	133.02%	5.02%
Free Cash Flow	-481.72	715.27	1,340	2,031	1,513	1,956
Free Cash Flow Per Share	-0.23	0.35	0.65	0.98	0.73	0.95
Dividend Per Share	0.073	0.073	0.083	0.146	0.245	0.245
Dividend Growth	-12.05%	-12.05%	-43.15%	-40.41%	-	47.59%
Gross Margin	12.68%	15.66%	20.13%	18.84%	21.70%	17.34%
Operating Margin	1.33%	4.25%	7.58%	8.46%	11.03%	6.00%
Profit Margin	1.16%	2.34%	2.58%	4.17%	7.21%	4.03%
Free Cash Flow Margin	-2.48%	3.35%	6.12%	8.58%	6.53%	11.00%
EBITDA	1,460	2,094	2,828	3,160	3,737	2,205
EBITDA Margin	7.51%	9.80%	12.90%	13.35%	16.12%	12.40%
D&A For EBITDA	1,200	1,186	1,168	1,158	1,180	1,137
EBIT	259.39	907.73	1,661	2,003	2,557	1,068
EBIT Margin	1.33%	4.25%	7.58%	8.46%	11.03%	6.00%
Effective Tax Rate	7.18%	21.28%	34.10%	21.60%	19.80%	14.97%
Revenue as Reported	19,448	21,361	21,920	23,680	23,182	17,780
Advertising Expenses	-	0.01	0.05	-	-	-

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