SHA:600523 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	2,456	2,307	2,246	2,077	2,299	2,133
Other Revenue	73.28	73.28	88.25	76.2	95.18	103.02
Revenue	2,529	2,380	2,335	2,153	2,394	2,236
Revenue Growth (YoY)	7.05%	1.95%	8.43%	-10.07%	7.07%	1.27%
Cost of Revenue	1,999	1,858	1,803	1,681	1,863	1,708
Gross Profit	530.23	522.35	531.93	472.53	530.95	527.99
Selling, General & Admin	235.84	225.68	218.75	228.42	269.23	280.51
Research & Development	170.93	155.91	138.13	109.89	102.54	88.62
Other Operating Expenses	28.91	3.63	18.98	13.34	16.2	15.46
Operating Expenses	447.75	401.52	378.55	356.07	408.42	393.28
Operating Income	82.47	120.84	153.38	116.46	122.53	134.7
Interest Expense	-1.95	-0.92	-0.31	-0.08	-0.16	-0.02
Interest & Investment Income	65.66	43.7	55.69	36.35	40.96	25.85
Currency Exchange Gain (Loss)	-0.42	-0.42	0.24	0.61	-0.62	0.03
Other Non Operating Income (Expenses)	9.04	4.97	-32	-19.92	6.16	6.85
EBT Excluding Unusual Items	154.79	168.15	177.01	133.42	168.87	167.42
Gain (Loss) on Sale of Investments	8.9	16.88	14.61	4.95	2.86	14.4
Gain (Loss) on Sale of Assets	20.28	4.74	-3.43	-1.96	-3.12	-3.33
Asset Writedown	-0.89	-	-	-1.42	-0.19	-1.17
Other Unusual Items	22.1	6.97	7.27	8.78	10.67	7
Pretax Income	205.19	196.74	195.45	143.77	179.08	184.31
Income Tax Expense	19.79	13.67	26.57	15.08	18	22.42
Earnings From Continuing Operations	185.4	183.07	168.88	128.69	161.08	161.89
Minority Interest in Earnings	-6.85	-5.42	-4.73	-5.91	-8.18	-11.67
Net Income	178.55	177.65	164.15	122.78	152.9	150.22
Net Income to Common	178.55	177.65	164.15	122.78	152.9	150.22
Net Income Growth	5.04%	8.23%	33.69%	-19.69%	1.78%	11.19%
Shares Outstanding (Basic)	406	404	400	409	402	406
Shares Outstanding (Diluted)	406	404	400	409	402	406
Shares Change (YoY)	0.23%	0.85%	-2.18%	1.72%	-0.90%	-0.83%
EPS (Basic)	0.44	0.44	0.41	0.30	0.38	0.37
EPS (Diluted)	0.44	0.44	0.41	0.30	0.38	0.37
EPS Growth	4.80%	7.32%	36.67%	-21.05%	2.70%	12.12%
Free Cash Flow	-59.01	-115.11	-0.12	1.89	80.97	137.76
Free Cash Flow Per Share	-0.14	-0.28	-	0.01	0.20	0.34
Dividend Per Share	0.132	0.132	0.122	0.110	0.133	0.200
Dividend Growth	8.20%	8.20%	10.91%	-17.29%	-33.50%	19.76%
Gross Margin	20.96%	21.95%	22.78%	21.95%	22.18%	23.61%
Operating Margin	3.26%	5.08%	6.57%	5.41%	5.12%	6.02%
Profit Margin	7.06%	7.46%	7.03%	5.70%	6.39%	6.72%
Free Cash Flow Margin	-2.33%	-4.84%	-0.01%	0.09%	3.38%	6.16%
EBITDA	170.75	213.64	252.22	206.79	235.3	239.12
EBITDA Margin	6.75%	8.97%	10.80%	9.60%	9.83%	10.69%
D&A For EBITDA	88.28	92.8	98.84	90.33	112.78	104.41
EBIT	82.47	120.84	153.38	116.46	122.53	134.7
EBIT Margin	3.26%	5.08%	6.57%	5.41%	5.12%	6.02%
Effective Tax Rate	9.64%	6.95%	13.59%	10.49%	10.05%	12.17%
Revenue as Reported	2,529	2,380	2,335	2,153	2,394	2,236

Source: S&P Global Market Intelligence. Standard template. Financial Sources.