SHA:600596 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	13,903	14,034	14,149	21,217	18,520	12,333
Other Revenue	631.78	631.78	481.41	585.34	456.32	196.82
Revenue	14,535	14,665	14,630	21,803	18,977	12,530
Revenue Growth (YoY)	2.58%	0.24%	-32.90%	14.89%	51.45%	4.36%
Cost of Revenue	12,906	13,105	12,917	16,583	14,180	10,752
Gross Profit	1,629	1,560	1,713	5,220	4,797	1,778
Selling, General & Admin	964.35	940.75	938.3	926.45	849.38	651.39
Research & Development	524.37	575	604.68	782.88	571.79	353.13
Other Operating Expenses	42.6	42.08	58.9	99.87	70.97	34.89
Operating Expenses	1,551	1,542	1,520	1,858	1,550	1,067
Operating Income	77.32	18.76	193.22	3,361	3,247	710.82
Interest Expense	-57.16	-78.71	-60.66	-57.51	-72.31	-62.01
Interest & Investment Income	31.36	103.41	96.75	113.29	96.43	53.73
Currency Exchange Gain (Loss)	25.34	25.34	30.9	84.45	-34.84	-16.74
Other Non Operating Income (Expenses)	6.56	-7.08	-8.27	-30.06	-55.97	-22.54
EBT Excluding Unusual Items	83.41	61.72	251.95	3,471	3,180	663.27
Impairment of Goodwill	-14.89	-14.89	-11.02	-9.81	-0.63	-8.13
Gain (Loss) on Sale of Investments	-17.9	-15.07	-13.67	-7.27	-26.39	66.09
Gain (Loss) on Sale of Assets	93.47	41.15	-16.86	-12.3	-30.83	-46.1
Asset Writedown	-107.04	-25.59	-3.33	-56.52	-59.45	-25.64
Other Unusual Items	73.96	73.96	96	87.51	80.46	121.51
Pretax Income	111.01	121.27	303.07	3,473	3,143	771
Income Tax Expense	118.3	62.65	134.46	448.68	430.7	125.07
Earnings From Continuing Operations	-7.29	58.63	168.61	3,024	2,713	645.93
Minority Interest in Earnings	-2.63	-7.22	-34.47	-69.68	-58.03	-61.95
Net Income	-9.92	51.41	134.13	2,955	2,654	583.97
Net Income to Common	-9.92	51.41	134.13	2,955	2,654	583.97
Net Income Growth	-	-61.68%	-95.46%	11.30%	354.56%	26.67%
Shares Outstanding (Basic)	1,285	1,285	1,118	1,146	1,141	1,095
Shares Outstanding (Diluted)	1,285	1,285	1,118	1,146	1,141	1,097
Shares Change (YoY)	1.06%	14.97%	-2.44%	0.39%	4.07%	-0.02%
EPS (Basic)	-0.01	0.04	0.12	2.58	2.33	0.53
EPS (Diluted)	-0.01	0.04	0.12	2.58	2.33	0.53
EPS Growth	-	-66.67%	-95.35%	10.87%	336.79%	26.70%
Free Cash Flow	-488.76	-1,060	-1,665	1,527	2,029	353.13
Free Cash Flow Per Share	-0.38	-0.82	-1.49	1.33	1.78	0.32
Dividend Per Share	0.100	0.100	0.100	0.750	0.357	0.179
Dividend Growth	-	-	-86.67%	110.02%	99.94%	24.98%
Gross Margin	11.21%	10.64%	11.71%	23.94%	25.28%	14.19%
Operating Margin	0.53%	0.13%	1.32%	15.42%	17.11%	5.67%
Profit Margin	-0.07%	0.35%	0.92%	13.55%	13.99%	4.66%
Free Cash Flow Margin	-3.36%	-7.23%	-11.38%	7.00%	10.69%	2.82%
EBITDA	880.84	754.66	838.94	3,950	3,806	1,155
EBITDA Margin	6.06%	5.15%	5.73%	18.12%	20.06%	9.21%
D&A For EBITDA	803.52	735.89	645.72	588.48	559.57	443.7
EBIT	77.32	18.76	193.22	3,361	3,247	710.82
EBIT Margin	0.53%	0.13%	1.32%	15.42%	17.11%	5.67%
Effective Tax Rate	106.57%	51.66%	44.37%	12.92%	13.70%	16.22%
Revenue as Reported	14,535	14,665	14,630	21,803	18,977	12,530
Advertising Expenses	-	6.54	7.39	3.04	6.16	3.44

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