SHA:600475 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	8,393	8,964	10,387	8,747	8,311	7,807
Other Revenue	149.53	149.53	126.13	92.72	65.75	91.17
Revenue	8,543	9,113	10,513	8,839	8,377	7,899
Revenue Growth (YoY)	-14.92%	-13.31%	18.93%	5.52%	6.05%	12.75%
Cost of Revenue	6,768	7,391	8,611	7,085	6,733	6,489
Gross Profit	1,775	1,723	1,902	1,754	1,644	1,409
Selling, General & Admin	714.22	738.13	692.26	585.12	655.35	556.03
Research & Development	184.69	221.78	258.12	243.69	251.77	187.46
Other Operating Expenses	22.72	19.16	47.68	51.22	38.69	44.59
Operating Expenses	980.5	999.13	1,129	956.14	971.58	908.11
Operating Income	794.72	723.54	773.18	798.26	672.02	501.18
Interest Expense	-238.77	-266.13	-264.22	-166.4	-156.88	-108.24
Interest & Investment Income	185.28	224.39	332.25	241.5	362.38	364.59
Currency Exchange Gain (Loss)	3.28	3.28	3.31	6.77	6.23	-5.33
Other Non Operating Income (Expenses)	2.97	-3.16	22.08	50.09	28.59	-7.72
EBT Excluding Unusual Items	747.48	681.91	866.6	930.22	912.34	744.49
Impairment of Goodwill	-	-	-	-	-	-17.17
Gain (Loss) on Sale of Investments	1.27	1.55	2.59	1.51	3	-
Gain (Loss) on Sale of Assets	192.09	354.39	223.3	14.09	-5.36	45.74
Asset Writedown	51.28	-1.09	-6.01	-9.14	-22.37	-0.7
Other Unusual Items	-20.81	72.65	36.1	86.44	113.45	37.25
Pretax Income	971.32	1,109	1,123	1,023	1,001	809.61
Income Tax Expense	199.98	182.66	185.9	148.32	139.15	91.55
Earnings From Continuing Operations	771.34	926.75	936.68	874.79	861.91	718.06
Minority Interest in Earnings	-204.05	-222.45	-195.44	-145.61	-106.55	-74.54
Net Income	567.29	704.3	741.24	729.18	755.35	643.52
Net Income to Common	567.29	704.3	741.24	729.18	755.35	643.52
Net Income Growth	-19.80%	-4.98%	1.65%	-3.47%	17.38%	43.30%
Shares Outstanding (Basic)	954	945	939	932	925	933
Shares Outstanding (Diluted)	960	949	939	966	925	933
Shares Change (YoY)	1.11%	1.08%	-2.80%	4.41%	-0.87%	-1.28%
EPS (Basic)	0.59	0.75	0.79	0.78	0.82	0.69
EPS (Diluted)	0.59	0.74	0.79	0.75	0.82	0.69
EPS Growth	-20.68%	-6.00%	4.58%	-7.54%	18.40%	45.16%
Free Cash Flow	1,032	124.57	-445.03	-23.93	-14.78	-113.5
Free Cash Flow Per Share	1.08	0.13	-0.47	-0.03	-0.02	-0.12
Dividend Per Share	0.450	0.450	0.350	0.350	0.269	0.355
Dividend Growth	-	28.57%	-	30.01%	-24.17%	499.66%
Gross Margin	20.78%	18.90%	18.09%	19.85%	19.62%	17.84%
Operating Margin	9.30%	7.94%	7.36%	9.03%	8.02%	6.35%
Profit Margin	6.64%	7.73%	7.05%	8.25%	9.02%	8.15%
Free Cash Flow Margin	12.08%	1.37%	-4.23%	-0.27%	-0.18%	-1.44%
EBITDA	1,429	1,305	1,283	1,214	1,061	815.8
EBITDA Margin	16.73%	14.32%	12.21%	13.73%	12.66%	10.33%
D&A For EBITDA	634.41	581.09	510.01	415.47	388.8	314.61
EBIT	794.72	723.54	773.18	798.26	672.02	501.18
EBIT Margin	9.30%	7.94%	7.36%	9.03%	8.02%	6.35%
Effective Tax Rate	20.59%	16.46%	16.56%	14.50%	13.90%	11.31%
Revenue as Reported	8,543	9,113	10,513	8,839	8,377	7,899

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