SHA:600597 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	23,975	24,157	26,148	27,841	28,800	25,020
Other Revenue	120.8	120.8	337.47	373.57	406.03	246.48
Revenue	24,096	24,278	26,485	28,215	29,206	25,266
Revenue Growth (YoY)	-0.57%	-8.33%	-6.13%	-3.39%	15.59%	11.98%
Cost of Revenue	19,822	19,670	21,343	23,073	23,938	19,725
Gross Profit	4,274	4,608	5,143	5,142	5,268	5,541
Selling, General & Admin	3,528	3,857	4,068	4,352	4,464	4,100
Research & Development	153.19	136.81	86.2	84.66	89.26	72.84
Other Operating Expenses	69.98	95.32	92.84	92.74	103.62	86.41
Operating Expenses	3,754	4,090	4,239	4,564	4,597	4,337
Operating Income	520.12	517.61	903.84	577.8	670.65	1,204
Interest Expense	-169.4	-221.51	-204.14	-159.88	-109.93	-103.68
Interest & Investment Income	22.93	36.54	40.56	39.27	31.56	40.56
Currency Exchange Gain (Loss)	-0.79	-0.79	-3.83	-10.44	-6.74	-9.37
Other Non Operating Income (Expenses)	-52.68	-59.65	-62.5	67.01	-43.65	-40.6
EBT Excluding Unusual Items	320.18	272.2	673.93	513.76	541.89	1,091
Impairment of Goodwill	-	-	-78.05	-	-	-
Gain (Loss) on Sale of Investments	-123.74	-115.02	6.99	-21.25	-4.63	-
Gain (Loss) on Sale of Assets	429.3	429.98	319.02	-6	66.55	-2.72
Asset Writedown	0.77	-307.3	-206.14	-50.9	-0.79	-20.02
Other Unusual Items	162.21	162.21	100.63	62.3	96.88	88.89
Pretax Income	788.72	442.06	816.38	497.9	699.9	1,157
Income Tax Expense	72.15	-39.83	-14.18	106.75	133.01	371.77
Earnings From Continuing Operations	716.57	481.89	830.57	391.16	566.89	785.38
Minority Interest in Earnings	-23.67	240.16	136.77	-30.47	25.44	-177.55
Net Income	692.9	722.04	967.33	360.69	592.34	607.83
Net Income to Common	692.9	722.04	967.33	360.69	592.34	607.83
Net Income Growth	-8.95%	-25.36%	168.19%	-39.11%	-2.55%	21.95%
Shares Outstanding (Basic)	1,388	1,389	1,382	1,387	1,234	1,216
Shares Outstanding (Diluted)	1,388	1,389	1,382	1,387	1,234	1,216
Shares Change (YoY)	-2.30%	0.48%	-0.39%	12.42%	1.51%	0.00%
EPS (Basic)	0.50	0.52	0.70	0.26	0.48	0.50
EPS (Diluted)	0.50	0.52	0.70	0.26	0.48	0.50
EPS Growth	-6.80%	-25.71%	169.23%	-45.83%	-4.00%	21.95%
Free Cash Flow	851.76	617.77	556.16	-718.88	-324.36	301.15
Free Cash Flow Per Share	0.61	0.45	0.40	-0.52	-0.26	0.25
Dividend Per Share	0.160	0.160	0.220	0.080	0.160	0.160
Dividend Growth	-27.27%	-27.27%	175.00%	-50.00%	-	23.08%
Gross Margin	17.74%	18.98%	19.42%	18.22%	18.04%	21.93%
Operating Margin	2.16%	2.13%	3.41%	2.05%	2.30%	4.77%
Profit Margin	2.88%	2.97%	3.65%	1.28%	2.03%	2.41%
Free Cash Flow Margin	3.54%	2.54%	2.10%	-2.55%	-1.11%	1.19%
EBITDA	1,531	1,590	2,058	1,568	1,577	2,055
EBITDA Margin	6.35%	6.55%	7.77%	5.56%	5.40%	8.13%
D&A For EBITDA	1,011	1,072	1,154	990.65	906.67	851.09
EBIT	520.12	517.61	903.84	577.8	670.65	1,204
EBIT Margin	2.16%	2.13%	3.41%	2.05%	2.30%	4.77%
Effective Tax Rate	9.15%	-	-	21.44%	19.00%	32.13%
Revenue as Reported	24,096	24,278	26,485	28,215	29,206	25,266
Advertising Expenses	-	674.43	600.11	813.79	946.61	759.02

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