SHA:600598 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Operating Revenue	3,942	3,962	3,571	3,129	2,902	2,722	Upgrade
Other Revenue	1,312	1,377	1,473	1,132	727.01	518.51	Upgrade
Revenue	5,254	5,339	5,044	4,262	3,629	3,241	Upgrade
Revenue Growth (YoY)	0.83%	5.83%	18.37%	17.42%	11.99%	4.17%	Upgrade
Cost of Revenue	3,423	3,520	3,299	2,609	2,101	1,772	Upgrade
Gross Profit	1,831	1,819	1,745	1,652	1,529	1,469	Upgrade
Selling, General & Admin	633.73	646.61	587.4	591.33	372.9	448.36	Upgrade
Research & Development	97.28	94.89	89.56	72.88	55.13	16.1	Upgrade
Other Operating Expenses	15.55	10.5	14.23	9.83	9.1	6.63	Upgrade
Operating Expenses	746.53	752.49	691.11	652.91	425.41	470.82	Upgrade
Operating Income	1,084	1,067	1,054	999.26	1,103	998.46	Upgrade
Interest Expense	-2.13	-1.88	-	-	-	-	Upgrade
Interest & Investment Income	57.63	132.8	180.23	125.29	90.57	95.64	Upgrade
Other Non Operating Income (Expenses)	-7.82	-3.85	-13.63	-16.59	-39.14	22	Upgrade
EBT Excluding Unusual Items	1,132	1,194	1,221	1,108	1,155	1,116	Upgrade
Gain (Loss) on Sale of Investments	37.69	-21.4	-30.21	-78.25	-41.3	-	Upgrade
Gain (Loss) on Sale of Assets	-5.44	-7.06	-3.7	-5.13	-7.29	-7.63	Upgrade
Asset Writedown	-55.88	-55.88	-76.72	-102.85	-83.63	-38.23	Upgrade
Legal Settlements	0.28	-	-	-	-	-	Upgrade
Other Unusual Items	-6.39	-7.12	-4.19	31.93	-299.99	-83.96	Upgrade
Pretax Income	1,103	1,103	1,111	957.98	731.77	986.64	Upgrade
Income Tax Expense	15.58	16.39	26.34	11.68	32.68	15	Upgrade
Earnings From Continuing Operations	1,087	1,086	1,084	946.3	699.09	971.64	Upgrade
Minority Interest in Earnings	0.85	0.75	-20.62	28.99	71.12	18.34	Upgrade
Net Income	1,088	1,087	1,064	975.29	770.21	989.98	Upgrade
Net Income to Common	1,088	1,087	1,064	975.29	770.21	989.98	Upgrade
Net Income Growth	0.11%	2.21%	9.07%	26.63%	-22.20%	16.66%	Upgrade
Shares Outstanding (Basic)	1,776	1,776	1,779	1,776	1,779	1,777	Upgrade
Shares Outstanding (Diluted)	1,776	1,776	1,779	1,776	1,779	1,777	Upgrade
Shares Change (YoY)	-0.18%	-0.13%	0.13%	-0.13%	0.08%	-0.10%	Upgrade
EPS (Basic)	0.61	0.61	0.60	0.55	0.43	0.56	Upgrade
EPS (Diluted)	0.61	0.61	0.60	0.55	0.43	0.56	Upgrade
EPS Growth	0.29%	2.34%	8.92%	26.79%	-22.26%	16.77%	Upgrade
Free Cash Flow	1,057	1,049	935.65	910.42	967.09	835.05	Upgrade
Free Cash Flow Per Share	0.59	0.59	0.53	0.51	0.54	0.47	Upgrade
Dividend Per Share	0.550	0.550	0.440	0.420	0.400	0.400	Upgrade
Dividend Growth	25.00%	25.00%	4.76%	5.00%	-	5.26%	Upgrade
Gross Margin	34.85%	34.08%	34.59%	38.77%	42.12%	45.34%	Upgrade
Operating Margin	20.64%	19.98%	20.89%	23.45%	30.39%	30.81%	Upgrade
Profit Margin	20.71%	20.36%	21.09%	22.89%	21.22%	30.55%	Upgrade
Free Cash Flow Margin	20.11%	19.64%	18.55%	21.36%	26.65%	25.77%	Upgrade
EBITDA	1,350	1,329	1,298	1,235	1,341	1,230	Upgrade
EBITDA Margin	25.70%	24.90%	25.73%	28.98%	36.96%	37.94%	Upgrade
D&A For EBITDA	265.9	262.44	244.13	235.93	238.34	231.14	Upgrade
EBIT	1,084	1,067	1,054	999.26	1,103	998.46	Upgrade
EBIT Margin	20.64%	19.98%	20.89%	23.45%	30.39%	30.81%	Upgrade
Effective Tax Rate	1.41%	1.49%	2.37%	1.22%	4.47%	1.52%	Upgrade
Revenue as Reported	5,254	5,339	5,044	4,262	3,629	3,241	Upgrade
Advertising Expenses	-	11	16.26	-	-	-	Upgrade

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