SHA:600623 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	42,260	44,146	40,385	38,175	39,436	27,944
Other Revenue	499.49	499.49	471.93	335.99	255.92	183.22
Revenue	42,760	44,645	40,856	38,511	39,692	28,127
Revenue Growth (YoY)	-9.82%	9.27%	6.09%	-2.97%	41.12%	-25.05%
Cost of Revenue	40,197	41,544	37,655	35,278	33,022	25,963
Gross Profit	2,563	3,101	3,201	3,233	6,669	2,164
Selling, General & Admin	1,836	1,665	1,736	1,584	1,780	1,697
Research & Development	986.78	927.2	814.15	697.54	782.22	500.95
Other Operating Expenses	9.61	84.98	126.29	175.62	199.02	157.42
Operating Expenses	2,842	2,694	2,715	2,498	2,727	2,360
Operating Income	-279.02	407.54	486.22	735.18	3,943	-195.72
Interest Expense	-459.49	-584.37	-459.67	-419.65	-417.24	-459.57
Interest & Investment Income	1,237	1,330	1,072	865.91	882.63	1,242
Currency Exchange Gain (Loss)	30.95	31.17	14.27	33.88	-51.6	-13.47
Other Non Operating Income (Expenses)	-139	-23.48	-1.66	-19.14	-32.47	48.16
EBT Excluding Unusual Items	390.69	1,161	1,112	1,196	4,324	621.19
Impairment of Goodwill	-	-	-	-	-65.52	-
Gain (Loss) on Sale of Investments	4.24	16.88	27.55	-107.11	47.11	-5.85
Gain (Loss) on Sale of Assets	215.84	196	366.08	146.26	230.11	9.17
Asset Writedown	-0.45	-29.29	-41.81	-7.35	-155.47	-200.9
Other Unusual Items	184.21	184.21	44.02	880.48	69.27	132.67
Pretax Income	794.53	1,529	1,507	2,108	4,450	556.28
Income Tax Expense	265.79	280.51	218.69	415.88	918.88	149.14
Earnings From Continuing Operations	528.74	1,248	1,289	1,693	3,531	407.14
Minority Interest in Earnings	87.86	-337.6	-427.63	-411.37	-562.99	16.3
Net Income	616.59	910.64	861.07	1,281	2,968	423.44
Net Income to Common	616.59	910.64	861.07	1,281	2,968	423.44
Net Income Growth	-30.48%	5.76%	-32.79%	-56.83%	600.86%	-32.25%
Shares Outstanding (Basic)	2,076	2,131	2,131	2,131	2,131	2,105
Shares Outstanding (Diluted)	2,076	2,131	2,131	2,131	2,131	2,105
Shares Change (YoY)	-3.09%	-	-	-	1.24%	-0.14%
EPS (Basic)	0.30	0.43	0.40	0.60	1.39	0.20
EPS (Diluted)	0.30	0.43	0.40	0.60	1.39	0.20
EPS Growth	-27.57%	6.81%	-33.33%	-56.84%	595.00%	-32.53%
Free Cash Flow	4,889	3,688	632.84	2,382	1,298	-413.92
Free Cash Flow Per Share	2.36	1.73	0.30	1.12	0.61	-0.20
Dividend Per Share	0.180	0.180	0.130	0.190	0.420	0.060
Dividend Growth	38.46%	38.46%	-31.58%	-54.76%	600.00%	-40.00%
Gross Margin	5.99%	6.95%	7.83%	8.39%	16.80%	7.69%
Operating Margin	-0.65%	0.91%	1.19%	1.91%	9.93%	-0.70%
Profit Margin	1.44%	2.04%	2.11%	3.33%	7.48%	1.50%
Free Cash Flow Margin	11.43%	8.26%	1.55%	6.19%	3.27%	-1.47%
EBITDA	2,016	2,326	1,904	2,080	5,396	1,297
EBITDA Margin	4.71%	5.21%	4.66%	5.40%	13.59%	4.61%
D&A For EBITDA	2,295	1,919	1,417	1,344	1,453	1,493
EBIT	-279.02	407.54	486.22	735.18	3,943	-195.72
EBIT Margin	-0.65%	0.91%	1.19%	1.91%	9.93%	-0.70%
Effective Tax Rate	33.45%	18.35%	14.51%	19.72%	20.65%	26.81%
Revenue as Reported	43,154	45,103	41,301	38,937	40,034	28,419

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