SHA:600507 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	18,520	21,513	26,443	31,388	21,603	16,535
Other Revenue	46.03	46.03	63.9	75	76.23	66.04
Revenue	18,566	21,560	26,507	31,463	21,679	16,601
Revenue Growth (YoY)	-19.43%	-18.67%	-15.75%	45.13%	30.59%	7.88%
Cost of Revenue	16,930	20,531	24,846	29,326	17,356	12,850
Gross Profit	1,636	1,029	1,661	2,137	4,323	3,751
Selling, General & Admin	505.74	496.54	639.29	1,066	711.29	722.98
Research & Development	110.22	103.94	87.12	79.01	92.47	62.86
Other Operating Expenses	141.69	96.77	79.01	69.1	150.79	3.62
Operating Expenses	767.93	701.97	810.02	1,215	954.68	789.31
Operating Income	867.75	326.89	851.05	922.29	3,368	2,962
Interest Expense	-25.83	-27.14	-62.48	-240.22	-117.03	-90.89
Interest & Investment Income	182.72	190.95	287.06	413.1	300.02	254.47
Currency Exchange Gain (Loss)	0.73	0.73	1.77	1.95	-1.88	-1.57
Other Non Operating Income (Expenses)	-85.72	-95.13	-120.23	-15.94	-26.94	-4.35
EBT Excluding Unusual Items	939.66	396.3	957.17	1,081	3,522	3,120
Gain (Loss) on Sale of Investments	56.14	-117.05	-67.2	-40.44	3.12	0.35
Gain (Loss) on Sale of Assets	0.08	32.44	-7.91	143.58	1.29	0.98
Asset Writedown	-0.97	-	-	-	-2.37	-25.13
Other Unusual Items	157.38	157.38	84.31	100.17	113.53	-23.1
Pretax Income	1,152	469.06	966.37	1,284	3,638	3,073
Income Tax Expense	304.48	216.96	283.42	251.85	878.52	914.61
Earnings From Continuing Operations	847.81	252.1	682.95	1,033	2,760	2,158
Minority Interest in Earnings	-0.12	-4.26	5.87	29.76	-27.53	-17.91
Net Income	847.69	247.85	688.82	1,062	2,732	2,140
Net Income to Common	847.69	247.85	688.82	1,062	2,732	2,140
Net Income Growth	191.23%	-64.02%	-35.16%	-61.11%	27.64%	25.08%
Shares Outstanding (Basic)	2,242	2,274	2,335	2,155	2,151	2,162
Shares Outstanding (Diluted)	2,242	2,274	2,400	2,275	2,151	2,162
Shares Change (YoY)	-9.57%	-5.26%	5.50%	5.75%	-0.50%	-0.19%
EPS (Basic)	0.38	0.11	0.29	0.49	1.27	0.99
EPS (Diluted)	0.38	0.11	0.29	0.47	1.27	0.99
EPS Growth	222.05%	-62.02%	-38.54%	-63.23%	28.28%	25.32%
Free Cash Flow	-60.14	824.76	505.48	3,606	2,048	3,592
Free Cash Flow Per Share	-0.03	0.36	0.21	1.58	0.95	1.66
Dividend Per Share	0.033	0.033	0.100	-	1.110	1.100
Dividend Growth	-67.00%	-67.00%	-	-	0.91%	-
Gross Margin	8.81%	4.77%	6.27%	6.79%	19.94%	22.60%
Operating Margin	4.67%	1.52%	3.21%	2.93%	15.54%	17.84%
Profit Margin	4.57%	1.15%	2.60%	3.38%	12.60%	12.89%
Free Cash Flow Margin	-0.32%	3.82%	1.91%	11.46%	9.45%	21.64%
EBITDA	1,341	779.18	1,275	1,344	3,806	3,420
EBITDA Margin	7.22%	3.61%	4.81%	4.27%	17.55%	20.60%
D&A For EBITDA	473.72	452.3	423.72	421.81	437.49	458.33
EBIT	867.75	326.89	851.05	922.29	3,368	2,962
EBIT Margin	4.67%	1.52%	3.21%	2.93%	15.54%	17.84%
Effective Tax Rate	26.42%	46.25%	29.33%	19.61%	24.15%	29.77%
Revenue as Reported	18,566	21,560	26,507	31,463	21,679	-
Advertising Expenses	-	1.93	2.27	3.45	1.16	2.56

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