SHA:600498 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	24,074	28,156	30,749	30,555	26,001	20,736
Other Revenue	392.4	392.4	380.53	362.53	339.98	338.12
Revenue	24,467	28,549	31,130	30,918	26,341	21,074
Revenue Growth (YoY)	-17.69%	-8.29%	0.69%	17.38%	24.99%	-14.55%
Cost of Revenue	19,362	22,590	24,889	24,243	20,802	16,968
Gross Profit	5,105	5,959	6,241	6,675	5,539	4,107
Selling, General & Admin	2,364	2,321	2,115	1,975	1,735	1,410
Research & Development	2,440	2,881	3,578	4,102	3,498	2,579
Other Operating Expenses	-877.31	-599.79	-267	-113.34	-114.98	-138.41
Operating Expenses	4,178	4,918	5,717	6,147	5,152	3,930
Operating Income	926.71	1,041	523.98	527.14	387.11	176.88
Interest Expense	-384.52	-460.62	-338.34	-313.6	-228.13	-191
Interest & Investment Income	448.08	334.23	344.75	435.13	434.66	247.35
Currency Exchange Gain (Loss)	-87.82	-87.82	21.82	-64.73	-130.44	-39.07
Other Non Operating Income (Expenses)	-66.5	-85.41	-43.07	-98.19	-32.88	-47.15
EBT Excluding Unusual Items	835.96	741.27	509.13	485.75	430.32	147.01
Gain (Loss) on Sale of Investments	0.27	0.27	0.33	-2.48	2.74	-
Gain (Loss) on Sale of Assets	7.27	4.59	-14.98	4.2	1.84	-1.32
Asset Writedown	26.77	-	-	-5.7	-	-0.04
Other Unusual Items	46.01	46.01	86.75	58.64	57.12	59.66
Pretax Income	916.28	792.14	581.24	540.4	492.01	205.31
Income Tax Expense	87.53	81.94	92.45	130.67	135.36	62.44
Earnings From Continuing Operations	828.75	710.2	488.79	409.72	356.65	142.87
Minority Interest in Earnings	-6.87	-7.49	16.58	-3.43	-68.03	-40.57
Net Income	821.88	702.71	505.37	406.29	288.62	102.29
Net Income to Common	821.88	702.71	505.37	406.29	288.62	102.29
Net Income Growth	43.90%	39.05%	24.39%	40.77%	182.15%	-89.55%
Shares Outstanding (Basic)	1,152	1,152	1,175	1,195	1,154	1,137
Shares Outstanding (Diluted)	1,152	1,152	1,203	1,354	1,255	1,137
Shares Change (YoY)	-5.57%	-4.26%	-11.15%	7.92%	10.41%	-4.78%
EPS (Basic)	0.71	0.61	0.43	0.34	0.25	0.09
EPS (Diluted)	0.71	0.61	0.42	0.30	0.23	0.09
EPS Growth	52.38%	45.24%	40.00%	30.44%	155.56%	-89.02%
Free Cash Flow	4,623	3,270	-690.73	-685.78	-791.23	-849.91
Free Cash Flow Per Share	4.01	2.84	-0.57	-0.51	-0.63	-0.75
Dividend Per Share	0.179	0.179	0.128	0.110	0.080	0.080
Dividend Growth	39.84%	39.84%	16.36%	37.50%	-	-76.47%
Gross Margin	20.87%	20.87%	20.05%	21.59%	21.03%	19.49%
Operating Margin	3.79%	3.65%	1.68%	1.70%	1.47%	0.84%
Profit Margin	3.36%	2.46%	1.62%	1.31%	1.10%	0.48%
Free Cash Flow Margin	18.89%	11.45%	-2.22%	-2.22%	-3.00%	-4.03%
EBITDA	1,662	1,835	1,396	1,249	1,036	845.97
EBITDA Margin	6.79%	6.43%	4.48%	4.04%	3.93%	4.01%
D&A For EBITDA	735.48	793.97	871.96	722.2	648.53	669.09
EBIT	926.71	1,041	523.98	527.14	387.11	176.88
EBIT Margin	3.79%	3.65%	1.68%	1.70%	1.47%	0.84%
Effective Tax Rate	9.55%	10.34%	15.91%	24.18%	27.51%	30.41%
Revenue as Reported	24,467	28,549	31,130	30,918	26,341	21,074
Advertising Expenses	-	27.29	31.49	34.6	31.06	9.33

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