SHA:600482 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	55,607	51,256	44,706	37,856	34,282	26,508
Other Revenue	440.6	440.6	396.75	424.3	386.57	506.45
Revenue	56,048	51,697	45,103	38,280	34,669	27,014
Revenue Growth (YoY)	13.76%	14.62%	17.82%	10.42%	28.34%	-9.02%
Cost of Revenue	46,818	44,337	39,729	33,809	30,608	23,659
Gross Profit	9,230	7,360	5,373	4,471	4,061	3,355
Selling, General & Admin	2,776	2,844	2,552	2,457	2,258	1,725
Research & Development	2,815	2,443	2,109	1,676	1,470	815.31
Other Operating Expenses	67.97	-56.49	134.58	161.15	107.81	366.23
Operating Expenses	5,757	5,266	4,842	4,424	3,850	3,151
Operating Income	3,472	2,094	531.39	47.33	210.8	204.64
Interest Expense	-175.53	-223.33	-262.97	-221.77	-182.91	-195.72
Interest & Investment Income	786.6	725.42	707.33	383	265.57	242.85
Currency Exchange Gain (Loss)	24.18	24.18	-13.03	70.76	-2.22	-16.05
Other Non Operating Income (Expenses)	-68.71	-40.39	-13.54	-0.27	261.33	177.86
EBT Excluding Unusual Items	4,039	2,580	949.18	279.06	552.57	413.59
Gain (Loss) on Sale of Investments	-0.41	-	22.26	18.52	12.59	-
Gain (Loss) on Sale of Assets	98.83	20.8	0.88	22.97	42.86	3.32
Asset Writedown	-176.97	-26.51	1.85	-43.99	-43.29	-17.08
Legal Settlements	-9.29	-9.29	-12.19	-5.83	-5.66	-8.07
Other Unusual Items	328.93	265.73	198.61	198.22	229.12	271.01
Pretax Income	4,280	2,831	1,161	468.95	788.18	662.77
Income Tax Expense	517.46	277.82	102.23	82.72	101.35	84.84
Earnings From Continuing Operations	3,763	2,553	1,058	386.23	686.83	577.93
Minority Interest in Earnings	-1,907	-1,162	-278.88	-50.51	-51.9	-35.07
Net Income	1,855	1,391	779.49	335.72	634.94	542.86
Net Income to Common	1,855	1,391	779.49	335.72	634.94	542.86
Net Income Growth	67.02%	78.43%	132.18%	-47.13%	16.96%	-45.23%
Shares Outstanding (Basic)	2,246	2,208	2,165	2,098	2,189	1,939
Shares Outstanding (Diluted)	2,350	2,280	2,165	2,098	2,189	1,939
Shares Change (YoY)	7.83%	5.30%	3.19%	-4.16%	12.93%	13.46%
EPS (Basic)	0.83	0.63	0.36	0.16	0.29	0.28
EPS (Diluted)	0.79	0.61	0.36	0.16	0.29	0.28
EPS Growth	54.89%	69.44%	125.00%	-44.83%	3.57%	-51.72%
Free Cash Flow	11,330	13,315	3,674	1,811	4,335	-1,062
Free Cash Flow Per Share	4.82	5.84	1.70	0.86	1.98	-0.55
Dividend Per Share	0.268	0.186	0.106	0.046	0.086	-
Dividend Growth	151.49%	74.80%	129.13%	-46.00%	-	-
Gross Margin	16.47%	14.24%	11.91%	11.68%	11.71%	12.42%
Operating Margin	6.19%	4.05%	1.18%	0.12%	0.61%	0.76%
Profit Margin	3.31%	2.69%	1.73%	0.88%	1.83%	2.01%
Free Cash Flow Margin	20.21%	25.76%	8.14%	4.73%	12.50%	-3.93%
EBITDA	4,896	3,453	1,806	1,298	1,345	1,006
EBITDA Margin	8.73%	6.68%	4.00%	3.39%	3.88%	3.72%
D&A For EBITDA	1,423	1,359	1,274	1,250	1,134	800.94
EBIT	3,472	2,094	531.39	47.33	210.8	204.64
EBIT Margin	6.19%	4.05%	1.18%	0.12%	0.61%	0.76%
Effective Tax Rate	12.09%	9.81%	8.81%	17.64%	12.86%	12.80%
Revenue as Reported	56,048	51,697	45,103	38,280	34,669	27,014
Advertising Expenses	-	8.79	7.55	8.32	10.73	15.87

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