SHA:600546 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	22,882	29,514	37,298	46,339	47,877	35,339
Other Revenue	46.21	46.21	72.85	55.22	176.39	83.17
Revenue	22,928	29,561	37,371	46,394	48,054	35,422
Revenue Growth (YoY)	-24.67%	-20.90%	-19.45%	-3.45%	35.66%	-5.93%
Cost of Revenue	15,728	20,067	22,849	25,697	30,040	28,470
Gross Profit	7,200	9,493	14,522	20,697	18,013	6,952
Selling, General & Admin	1,892	2,104	2,273	2,123	2,072	1,863
Research & Development	482.22	492.95	386.77	335.32	206.39	134.79
Other Operating Expenses	1,436	1,652	1,930	2,245	2,096	1,020
Operating Expenses	3,835	4,235	4,532	4,626	5,358	3,637
Operating Income	3,365	5,259	9,989	16,070	12,655	3,315
Interest Expense	-274.1	-328.5	-369.32	-599.66	-940.71	-1,130
Interest & Investment Income	72.82	115.3	166.79	130.86	168.4	95.51
Earnings From Equity Investments	39.97	28.42	29.32	-112.23	-140.63	0.93
Currency Exchange Gain (Loss)	0.21	0.21	-11.69	-5.47	-4.93	-0.17
Other Non Operating Income (Expenses)	320.85	52.8	-11.94	-35.29	-269.86	-318.92
EBT Excluding Unusual Items	3,525	5,127	9,793	15,449	11,468	1,963
Gain (Loss) on Sale of Assets	1.66	0.25	-4.33	8.05	27.55	0.05
Asset Writedown	-9.07	-9.07	-80.13	-77.5	-311.12	-2.15
Other Unusual Items	-486.09	-388.59	-211.83	-310.55	-183.23	-177.57
Pretax Income	3,031	4,730	9,496	15,069	11,001	1,783
Income Tax Expense	1,284	1,571	2,697	4,127	3,186	847.78
Earnings From Continuing Operations	1,748	3,158	6,800	10,942	7,815	935.36
Minority Interest in Earnings	-514.6	-889.87	-2,540	-4,012	-2,877	-108.85
Net Income	1,233	2,268	4,260	6,929	4,938	826.51
Net Income to Common	1,233	2,268	4,260	6,929	4,938	826.51
Net Income Growth	-47.43%	-46.75%	-38.53%	40.34%	497.42%	-29.52%
Shares Outstanding (Basic)	1,983	1,990	1,981	1,980	1,983	1,968
Shares Outstanding (Diluted)	1,983	1,990	1,981	1,980	1,983	1,968
Shares Change (YoY)	-0.05%	0.43%	0.07%	-0.16%	0.77%	-1.00%
EPS (Basic)	0.62	1.14	2.15	3.50	2.49	0.42
EPS (Diluted)	0.62	1.14	2.15	3.50	2.49	0.42
EPS Growth	-47.40%	-46.98%	-38.57%	40.56%	492.86%	-28.81%
Free Cash Flow	1,121	1,839	4,039	12,625	15,595	3,604
Free Cash Flow Per Share	0.56	0.92	2.04	6.38	7.86	1.83
Dividend Per Share	0.690	0.690	0.650	2.250	1.567	0.066
Dividend Growth	6.15%	6.15%	-71.11%	43.59%	2274.24%	10.00%
Gross Margin	31.40%	32.12%	38.86%	44.61%	37.49%	19.63%
Operating Margin	14.68%	17.79%	26.73%	34.64%	26.34%	9.36%
Profit Margin	5.38%	7.67%	11.40%	14.94%	10.27%	2.33%
Free Cash Flow Margin	4.89%	6.22%	10.81%	27.21%	32.45%	10.17%
EBITDA	4,907	6,789	11,503	17,405	13,782	4,429
EBITDA Margin	21.40%	22.96%	30.78%	37.52%	28.68%	12.50%
D&A For EBITDA	1,542	1,530	1,513	1,335	1,126	1,114
EBIT	3,365	5,259	9,989	16,070	12,655	3,315
EBIT Margin	14.68%	17.79%	26.73%	34.64%	26.34%	9.36%
Effective Tax Rate	42.35%	33.22%	28.40%	27.39%	28.96%	47.54%
Revenue as Reported	22,928	29,561	37,371	46,394	48,054	35,422

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