SHA:600611 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	2,132	2,608	4,289	2,132	2,088	2,450
Other Revenue	197.2	235.2	214.85	228.47	258.38	189.07
Revenue	2,329	2,843	4,504	2,360	2,346	2,639
Revenue Growth (YoY)	-33.72%	-36.87%	90.83%	0.60%	-11.10%	-30.60%
Cost of Revenue	1,988	2,244	3,443	1,779	1,513	1,735
Gross Profit	340.95	599.71	1,061	581.2	832.74	903.86
Selling, General & Admin	362.17	380.76	536.88	497.91	395.42	400.03
Research & Development	41.41	58	60.38	28.73	5.86	5.2
Other Operating Expenses	51.62	35.53	55.15	47.68	105.94	142.3
Operating Expenses	495.57	479.5	655.58	574.36	509.95	548.04
Operating Income	-154.62	120.21	405.33	6.84	322.79	355.81
Interest Expense	-177.11	-197.72	-206.91	-181.35	-186.92	-152.73
Interest & Investment Income	59.48	104.35	247.1	89.72	173.3	78.43
Currency Exchange Gain (Loss)	6.74	6.74	6.48	23.93	-10.56	-21.77
Other Non Operating Income (Expenses)	-7.68	-3.09	-1.77	3.68	-41.72	-72.85
EBT Excluding Unusual Items	-273.2	30.49	450.23	-57.18	256.89	186.9
Impairment of Goodwill	-83.84	-83.84	-	-	-	-
Gain (Loss) on Sale of Investments	569.37	409.69	122.07	-210.68	182.61	414.74
Gain (Loss) on Sale of Assets	-1.96	25.27	-20.22	-57.32	-18.6	149.04
Asset Writedown	-29.93	-29.93	-3.96	-2.18	-1.47	-0.41
Other Unusual Items	57.32	38.94	34.6	33.93	52.13	47.47
Pretax Income	237.76	390.61	582.73	-293.44	471.57	797.75
Income Tax Expense	131.64	143.59	204.39	-58.54	93.76	227.39
Earnings From Continuing Operations	106.12	247.03	378.34	-234.9	377.81	570.35
Minority Interest in Earnings	-19.99	-35.46	-54.18	-37.93	-49.36	-34.98
Net Income	86.13	211.56	324.16	-272.83	328.45	535.37
Net Income to Common	86.13	211.56	324.16	-272.83	328.45	535.37
Net Income Growth	-67.81%	-34.73%	-	-	-38.65%	-45.44%
Shares Outstanding (Basic)	2,327	2,351	2,315	2,274	2,346	2,328
Shares Outstanding (Diluted)	2,327	2,351	2,315	2,274	2,346	2,328
Shares Change (YoY)	-4.14%	1.52%	1.84%	-3.09%	0.79%	-1.54%
EPS (Basic)	0.04	0.09	0.14	-0.12	0.14	0.23
EPS (Diluted)	0.04	0.09	0.14	-0.12	0.14	0.23
EPS Growth	-66.42%	-35.71%	-	-	-39.13%	-44.59%
Free Cash Flow	420.56	410.33	-426.4	-1,439	948.1	-1,142
Free Cash Flow Per Share	0.18	0.17	-0.18	-0.63	0.40	-0.49
Dividend Per Share	0.050	0.030	0.050	0.030	0.028	-
Dividend Growth	-	-40.00%	66.67%	7.14%	-	-
Gross Margin	14.64%	21.09%	23.56%	24.63%	35.50%	34.25%
Operating Margin	-6.64%	4.23%	9.00%	0.29%	13.76%	13.48%
Profit Margin	3.70%	7.44%	7.20%	-11.56%	14.00%	20.29%
Free Cash Flow Margin	18.06%	14.43%	-9.47%	-60.96%	40.41%	-43.27%
EBITDA	328.47	607.78	898.87	438.17	691.63	763.95
EBITDA Margin	14.11%	21.38%	19.96%	18.57%	29.48%	28.95%
D&A For EBITDA	483.09	487.57	493.54	431.33	368.84	408.14
EBIT	-154.62	120.21	405.33	6.84	322.79	355.81
EBIT Margin	-6.64%	4.23%	9.00%	0.29%	13.76%	13.48%
Effective Tax Rate	55.37%	36.76%	35.08%	-	19.88%	28.50%
Revenue as Reported	2,329	2,843	4,504	2,360	2,346	2,639
Advertising Expenses	-	51.42	141.86	-	-	-

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