SHA:600477 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	7,597	7,807	10,648	9,777	9,337	7,846
Other Revenue	140.29	140.29	172.54	158.61	240.93	292.58
Revenue	7,737	7,947	10,820	9,935	9,578	8,139
Revenue Growth (YoY)	-15.07%	-26.55%	8.91%	3.73%	17.68%	22.70%
Cost of Revenue	6,646	6,689	9,093	8,418	8,256	6,698
Gross Profit	1,091	1,258	1,727	1,517	1,322	1,441
Selling, General & Admin	433.89	506.21	495.52	492.27	461.31	454.39
Research & Development	389.74	416.38	560.04	487.79	383.41	315.36
Other Operating Expenses	39.53	0.47	29.76	45.32	33.73	88.5
Operating Expenses	1,023	1,055	1,248	1,147	966.98	929.82
Operating Income	67.81	202.57	479.6	369.67	354.91	511.4
Interest Expense	-199.07	-181.38	-161.95	-109.66	-88.38	-51.67
Interest & Investment Income	48.09	45.26	5.49	6.91	9.38	115.82
Currency Exchange Gain (Loss)	1.87	1.87	-1.4	0.81	-2.19	-8.82
Other Non Operating Income (Expenses)	-32.79	-36.39	-24.81	-15.35	-10.6	-3.85
EBT Excluding Unusual Items	-114.08	31.94	296.92	252.39	263.12	562.89
Gain (Loss) on Sale of Investments	7.69	0.37	-	-53.06	-	-
Gain (Loss) on Sale of Assets	196.07	128.45	0.48	-0.58	244.44	320.86
Asset Writedown	26.9	-4.81	-0.33	-	-0.71	-
Other Unusual Items	22.16	22.16	41.22	29.13	30.83	20.99
Pretax Income	138.74	178.1	338.29	227.88	537.69	904.73
Income Tax Expense	42.97	15.17	15.32	-61.28	49.15	153.1
Earnings From Continuing Operations	95.77	162.93	322.97	289.16	488.53	751.63
Minority Interest in Earnings	16.7	6.02	-29.35	-21.3	-76.94	-27.7
Net Income	112.46	168.95	293.62	267.86	411.6	723.93
Net Income to Common	112.46	168.95	293.62	267.86	411.6	723.93
Net Income Growth	-55.15%	-42.46%	9.62%	-34.92%	-43.15%	54.38%
Shares Outstanding (Basic)	2,381	2,380	2,349	2,160	2,155	2,155
Shares Outstanding (Diluted)	2,381	2,380	2,349	2,160	2,155	2,155
Shares Change (YoY)	1.50%	1.30%	8.74%	0.24%	0.02%	0.17%
EPS (Basic)	0.05	0.07	0.13	0.12	0.19	0.34
EPS (Diluted)	0.05	0.07	0.13	0.12	0.19	0.34
EPS Growth	-55.81%	-43.20%	0.81%	-35.08%	-43.16%	54.13%
Free Cash Flow	-1,120	-1,355	-1,892	-1,436	-1,464	-276.44
Free Cash Flow Per Share	-0.47	-0.57	-0.81	-0.67	-0.68	-0.13
Dividend Per Share	0.061	0.070	0.050	0.035	0.060	0.105
Dividend Growth	-28.23%	40.00%	42.86%	-41.67%	-42.86%	5.00%
Gross Margin	14.10%	15.83%	15.96%	15.27%	13.80%	17.71%
Operating Margin	0.88%	2.55%	4.43%	3.72%	3.71%	6.28%
Profit Margin	1.45%	2.13%	2.71%	2.70%	4.30%	8.89%
Free Cash Flow Margin	-14.47%	-17.05%	-17.48%	-14.45%	-15.29%	-3.40%
EBITDA	338.93	446.87	688.13	540.16	484.11	620.59
EBITDA Margin	4.38%	5.62%	6.36%	5.44%	5.05%	7.63%
D&A For EBITDA	271.11	244.29	208.53	170.49	129.2	109.19
EBIT	67.81	202.57	479.6	369.67	354.91	511.4
EBIT Margin	0.88%	2.55%	4.43%	3.72%	3.71%	6.28%
Effective Tax Rate	30.97%	8.52%	4.53%	-	9.14%	16.92%
Revenue as Reported	7,737	7,947	10,820	9,935	9,578	8,139
Advertising Expenses	-	2.62	3.74	1.93	5.45	15.13

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