SHA:600488 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	2,849	3,190	3,755	3,666	3,735	3,106
Other Revenue	25.76	25.76	27.48	22.56	13.35	10.65
Revenue	2,875	3,215	3,783	3,689	3,749	3,117
Revenue Growth (YoY)	-18.27%	-15.00%	2.54%	-1.59%	20.27%	-6.31%
Cost of Revenue	1,689	1,796	2,079	1,933	2,016	1,734
Gross Profit	1,186	1,419	1,704	1,756	1,732	1,383
Selling, General & Admin	819.47	930.58	1,337	1,394	1,385	1,054
Research & Development	154.41	199.87	157.67	139.45	128.87	131.83
Other Operating Expenses	14.3	18.53	29.44	40.9	40.15	18.77
Operating Expenses	988.67	1,149	1,524	1,575	1,554	1,205
Operating Income	197.11	269.96	179.93	181.37	178.2	178.02
Interest Expense	-21.24	-28.82	-36.69	-48.16	-45.91	-40.19
Interest & Investment Income	11.09	8.12	8.57	4.42	7.08	2.29
Currency Exchange Gain (Loss)	13.67	13.67	11.83	16.28	1.37	-3.29
Other Non Operating Income (Expenses)	-80.72	-1.18	-0.92	-1.86	-2.54	-23.32
EBT Excluding Unusual Items	119.92	261.76	162.72	152.05	138.21	113.51
Gain (Loss) on Sale of Investments	-8.66	-9.09	-1.13	-22.44	-	-1.22
Gain (Loss) on Sale of Assets	0.72	-0.1	0.65	-0.99	-0.06	-0.21
Asset Writedown	-21.18	-34.56	-8.18	-73.02	-4.37	-
Other Unusual Items	8.5	8.5	14.18	-43.1	15.29	0.3
Pretax Income	99.3	226.51	168.24	12.52	149.07	112.38
Income Tax Expense	17.66	18.3	5.57	-5.92	40.4	31.8
Earnings From Continuing Operations	81.64	208.21	162.67	18.44	108.67	80.58
Minority Interest in Earnings	-65.35	-74.76	-45.62	16.97	-60	-46.6
Net Income	16.3	133.45	117.05	35.41	48.67	33.98
Net Income to Common	16.3	133.45	117.05	35.41	48.67	33.98
Net Income Growth	-89.28%	14.01%	230.60%	-27.25%	43.23%	-79.00%
Shares Outstanding (Basic)	1,090	1,094	1,094	1,106	1,082	1,096
Shares Outstanding (Diluted)	1,090	1,094	1,094	1,106	1,082	1,096
Shares Change (YoY)	-0.37%	-0.01%	-1.13%	2.31%	-1.33%	0.28%
EPS (Basic)	0.01	0.12	0.11	0.03	0.04	0.03
EPS (Diluted)	0.01	0.12	0.11	0.03	0.04	0.03
EPS Growth	-89.24%	14.02%	234.38%	-28.89%	45.16%	-79.05%
Free Cash Flow	79.18	491.63	649.86	451.33	-53.95	-111.63
Free Cash Flow Per Share	0.07	0.45	0.59	0.41	-0.05	-0.10
Dividend Per Share	0.098	0.098	0.087	0.010	0.014	0.010
Dividend Growth	12.64%	12.64%	770.00%	-28.57%	40.00%	-75.00%
Gross Margin	41.25%	44.13%	45.04%	47.61%	46.21%	44.36%
Operating Margin	6.86%	8.40%	4.76%	4.92%	4.75%	5.71%
Profit Margin	0.57%	4.15%	3.09%	0.96%	1.30%	1.09%
Free Cash Flow Margin	2.76%	15.29%	17.18%	12.23%	-1.44%	-3.58%
EBITDA	499.92	559.08	450.78	438.18	383.2	361.77
EBITDA Margin	17.39%	17.39%	11.92%	11.88%	10.22%	11.61%
D&A For EBITDA	302.82	289.12	270.85	256.81	205	183.75
EBIT	197.11	269.96	179.93	181.37	178.2	178.02
EBIT Margin	6.86%	8.40%	4.76%	4.92%	4.75%	5.71%
Effective Tax Rate	17.79%	8.08%	3.31%	-	27.10%	28.30%
Revenue as Reported	2,875	3,215	3,783	3,689	3,749	3,117
Advertising Expenses	-	249.58	543.79	645.43	650.67	416.15

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