SHA:600496 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	20,820	18,308	16,299	15,548	14,945	11,334
Other Revenue	183.6	183.6	207.63	166.95	196.03	150.04
Revenue	21,003	18,492	16,506	15,715	15,141	11,484
Revenue Growth (YoY)	23.55%	12.03%	5.04%	3.79%	31.85%	12.20%
Cost of Revenue	18,562	16,154	14,362	13,505	13,113	9,683
Gross Profit	2,441	2,338	2,144	2,210	2,029	1,801
Selling, General & Admin	725.33	706	703	638.67	569.57	486.76
Research & Development	704.79	681.68	661.48	596.54	555.24	442.68
Other Operating Expenses	120.65	72.49	57.3	51.92	37.85	43.08
Operating Expenses	1,783	1,703	1,577	1,472	1,322	1,124
Operating Income	658.35	634.55	567.36	737.42	706.56	676.84
Interest Expense	-173.4	-181.33	-198.21	-205.96	-166.16	-171.76
Interest & Investment Income	121.46	120.54	153.55	188.85	157.64	135.01
Currency Exchange Gain (Loss)	-8.77	-8.77	3.19	3.99	-9.71	-4.9
Other Non Operating Income (Expenses)	-13.85	-22.32	0.57	-1.22	-11.95	-18.74
EBT Excluding Unusual Items	583.78	542.68	526.47	723.07	676.38	616.45
Gain (Loss) on Sale of Investments	-6.57	-36.55	-1.23	-	0.14	-
Gain (Loss) on Sale of Assets	-6.61	-5.31	-2.41	-8.36	3.17	6.13
Asset Writedown	-26.52	-7.56	-	-	-	-
Other Unusual Items	159.82	83.86	72.19	18.22	41.03	52.79
Pretax Income	703.9	577.13	595.01	732.94	720.72	675.36
Income Tax Expense	75.96	50.39	23.6	26.93	21.32	31.46
Earnings From Continuing Operations	627.94	526.73	571.41	706.01	699.4	643.9
Minority Interest in Earnings	-2.03	-15.05	-23.02	-6.66	-12.59	2.86
Net Income	625.9	511.68	548.39	699.35	686.81	646.76
Net Income to Common	625.9	511.68	548.39	699.35	686.81	646.76
Net Income Growth	28.21%	-6.69%	-21.59%	1.83%	6.19%	60.36%
Shares Outstanding (Basic)	1,997	1,990	1,990	2,013	2,013	1,878
Shares Outstanding (Diluted)	2,135	2,104	2,210	2,143	2,013	1,878
Shares Change (YoY)	-1.59%	-4.81%	3.16%	6.44%	7.19%	3.74%
EPS (Basic)	0.31	0.26	0.28	0.35	0.34	0.34
EPS (Diluted)	0.29	0.24	0.25	0.33	0.34	0.34
EPS Growth	30.29%	-1.98%	-23.99%	-4.34%	-0.93%	54.58%
Free Cash Flow	613.34	653.44	216.92	-692.93	-444.69	349.78
Free Cash Flow Per Share	0.29	0.31	0.10	-0.32	-0.22	0.19
Dividend Per Share	0.080	0.080	0.060	0.036	0.036	0.030
Dividend Growth	33.33%	33.33%	66.67%	-	20.00%	30.44%
Gross Margin	11.62%	12.64%	12.99%	14.06%	13.40%	15.68%
Operating Margin	3.14%	3.43%	3.44%	4.69%	4.67%	5.89%
Profit Margin	2.98%	2.77%	3.32%	4.45%	4.54%	5.63%
Free Cash Flow Margin	2.92%	3.53%	1.31%	-4.41%	-2.94%	3.05%
EBITDA	848.7	805.27	711.89	866.83	812.85	778.92
EBITDA Margin	4.04%	4.35%	4.31%	5.52%	5.37%	6.78%
D&A For EBITDA	190.36	170.72	144.53	129.41	106.28	102.08
EBIT	658.35	634.55	567.36	737.42	706.56	676.84
EBIT Margin	3.14%	3.43%	3.44%	4.69%	4.67%	5.89%
Effective Tax Rate	10.79%	8.73%	3.97%	3.67%	2.96%	4.66%
Revenue as Reported	21,003	18,492	16,506	15,715	15,141	11,484
Advertising Expenses	-	1.49	1.97	1.15	0.47	0.19

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