SHA:600638 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	2,337	3,119	3,353	4,627	3,835	1,272
Other Revenue	76	75.92	54.23	98.5	106.49	60.4
Revenue	2,413	3,195	3,408	4,726	3,942	1,332
Revenue Growth (YoY)	11.49%	-6.25%	-27.90%	19.90%	195.85%	1.23%
Cost of Revenue	1,734	2,333	2,542	3,934	3,339	810.72
Gross Profit	678.08	861.62	865.25	792.17	602.72	521.58
Selling, General & Admin	400.62	469.92	614.22	587.79	477.47	293.7
Other Operating Expenses	43.55	55.1	83.14	109.08	43.01	108.5
Operating Expenses	427.99	516.65	700.84	696.82	534.76	407.35
Operating Income	250.09	344.96	164.41	95.35	67.96	114.22
Interest Expense	-150.87	-164.05	-151.58	-40.11	-22.24	-29.53
Interest & Investment Income	223.68	123.35	139.84	29.12	75.47	109.22
Currency Exchange Gain (Loss)	-0.04	-0.04	-0.04	-0.21	0.06	0.16
Other Non Operating Income (Expenses)	-62.39	-58.27	0.02	-1.8	55.41	236.26
EBT Excluding Unusual Items	260.47	245.94	152.65	82.35	176.65	430.33
Impairment of Goodwill	-	-	-	-	-	-17.84
Gain (Loss) on Sale of Investments	17.61	15.23	25.76	7.18	10.58	15.37
Gain (Loss) on Sale of Assets	0.33	0.41	-0	-0.12	0.16	0.38
Asset Writedown	-0.02	-0.02	-5.81	-	-0.19	-
Legal Settlements	-	-	-	-	-	-50
Other Unusual Items	3.35	3.35	3.34	46.72	-2.57	5.47
Pretax Income	281.74	264.92	175.93	136.12	184.63	383.71
Income Tax Expense	45.98	79.71	65.05	71.01	39.34	68.62
Earnings From Continuing Operations	235.76	185.2	110.88	65.11	145.29	315.09
Minority Interest in Earnings	-73.07	-103.5	-48.79	-8.51	-35.35	-46.31
Net Income	162.69	81.71	62.09	56.6	109.94	268.79
Net Income to Common	162.69	81.71	62.09	56.6	109.94	268.79
Net Income Growth	352.38%	31.60%	9.69%	-48.52%	-59.10%	-
Shares Outstanding (Basic)	674	674	673	673	673	673
Shares Outstanding (Diluted)	674	674	673	673	673	673
Shares Change (YoY)	0.07%	0.03%	0.06%	-0.03%	-0.03%	0.01%
EPS (Basic)	0.24	0.12	0.09	0.08	0.16	0.40
EPS (Diluted)	0.24	0.12	0.09	0.08	0.16	0.40
EPS Growth	352.08%	31.56%	9.63%	-48.50%	-59.08%	-
Free Cash Flow	1,820	-39.17	-498.18	3,206	1,600	1,329
Free Cash Flow Per Share	2.70	-0.06	-0.74	4.76	2.38	1.97
Dividend Per Share	0.037	0.037	0.028	0.026	0.050	0.120
Dividend Growth	32.14%	32.14%	7.69%	-48.00%	-58.33%	-
Gross Margin	28.11%	26.97%	25.39%	16.76%	15.29%	39.15%
Operating Margin	10.37%	10.80%	4.83%	2.02%	1.72%	8.57%
Profit Margin	6.74%	2.56%	1.82%	1.20%	2.79%	20.18%
Free Cash Flow Margin	75.44%	-1.23%	-14.62%	67.83%	40.59%	99.72%
EBITDA	367.36	464.96	288.07	162.39	129.65	166.11
EBITDA Margin	15.23%	14.56%	8.45%	3.44%	3.29%	12.47%
D&A For EBITDA	117.26	120	123.66	67.04	61.69	51.88
EBIT	250.09	344.96	164.41	95.35	67.96	114.22
EBIT Margin	10.37%	10.80%	4.83%	2.02%	1.72%	8.57%
Effective Tax Rate	16.32%	30.09%	36.97%	52.17%	21.31%	17.88%
Revenue as Reported	2,413	3,195	3,408	4,726	3,942	1,332
Advertising Expenses	-	48.98	92.44	126.6	27.1	6.95

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