SHA:600577 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	23,276	21,586	17,207	16,926	17,853	12,144
Other Revenue	736.58	736.58	699.33	616.56	476.64	302.85
Revenue	24,012	22,323	17,906	17,542	18,330	12,447
Revenue Growth (YoY)	15.18%	24.67%	2.07%	-4.30%	47.26%	3.75%
Cost of Revenue	22,662	21,027	16,817	16,536	17,021	11,357
Gross Profit	1,351	1,295	1,089	1,006	1,309	1,090
Selling, General & Admin	303.32	292.13	276.16	255.18	242.29	222.29
Research & Development	111.51	107.01	109.47	110.86	103.93	150.79
Other Operating Expenses	38.28	31.66	44.12	36.49	32.55	30.03
Operating Expenses	470.22	481.66	451.62	390.03	407.57	421.82
Operating Income	880.43	813.71	637.65	616.09	901.38	668.08
Interest Expense	-142.5	-158.04	-145.49	-151.77	-154.68	-114.89
Interest & Investment Income	48.99	51.51	30.02	30.39	34.82	21.93
Currency Exchange Gain (Loss)	-0.43	-0.43	13.33	-7.61	-2.31	-10.58
Other Non Operating Income (Expenses)	-12.26	-3.81	-2.22	-6.28	-2.15	-5.21
EBT Excluding Unusual Items	774.23	702.93	533.3	480.82	777.06	559.33
Gain (Loss) on Sale of Investments	-4.69	-3.79	-11.71	-0.67	-4.08	2.48
Gain (Loss) on Sale of Assets	-5.78	-6.04	-1.67	-3.48	-1.37	31.17
Asset Writedown	1.79	-	-	-	-	-
Other Unusual Items	43.82	43.82	41.03	38.27	20.65	29.86
Pretax Income	809.37	736.92	560.95	514.94	792.26	622.84
Income Tax Expense	188.4	159.95	122.29	101.3	148.13	121.84
Earnings From Continuing Operations	620.96	576.97	438.66	413.64	644.13	501.01
Minority Interest in Earnings	-24.22	-15.26	-12.21	-32.33	-94.99	-82.1
Net Income	596.74	561.71	426.45	381.31	549.14	418.9
Net Income to Common	596.74	561.71	426.45	381.31	549.14	418.9
Net Income Growth	12.25%	31.72%	11.84%	-30.56%	31.09%	-4.29%
Shares Outstanding (Basic)	2,131	2,080	2,031	2,007	1,961	1,904
Shares Outstanding (Diluted)	2,131	2,160	2,244	2,243	2,034	1,904
Shares Change (YoY)	-4.06%	-3.75%	0.07%	10.28%	6.81%	0.06%
EPS (Basic)	0.28	0.27	0.21	0.19	0.28	0.22
EPS (Diluted)	0.28	0.26	0.19	0.17	0.27	0.22
EPS Growth	17.01%	36.84%	11.77%	-37.04%	22.73%	-4.35%
Free Cash Flow	1,349	-746.82	109.08	858.98	-907.92	229.28
Free Cash Flow Per Share	0.63	-0.35	0.05	0.38	-0.45	0.12
Dividend Per Share	0.080	0.090	0.130	0.120	0.030	0.070
Dividend Growth	-52.94%	-30.77%	8.33%	300.00%	-57.14%	-
Gross Margin	5.63%	5.80%	6.08%	5.73%	7.14%	8.76%
Operating Margin	3.67%	3.65%	3.56%	3.51%	4.92%	5.37%
Profit Margin	2.48%	2.52%	2.38%	2.17%	3.00%	3.37%
Free Cash Flow Margin	5.62%	-3.35%	0.61%	4.90%	-4.95%	1.84%
EBITDA	1,055	976.56	785.5	747.71	1,025	789.91
EBITDA Margin	4.39%	4.38%	4.39%	4.26%	5.59%	6.35%
D&A For EBITDA	174.1	162.85	147.85	131.62	123.87	121.82
EBIT	880.43	813.71	637.65	616.09	901.38	668.08
EBIT Margin	3.67%	3.65%	3.56%	3.51%	4.92%	5.37%
Effective Tax Rate	23.28%	21.70%	21.80%	19.67%	18.70%	19.56%
Revenue as Reported	24,012	22,323	17,906	17,542	18,330	12,447

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