SHA:600645 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	1,436	1,550	1,538	1,507	1,497	1,288
Other Revenue	35.81	35.81	52.07	47.8	37.94	31.38
Revenue	1,472	1,585	1,590	1,555	1,535	1,319
Revenue Growth (YoY)	-7.61%	-0.27%	2.24%	1.27%	16.41%	-4.90%
Cost of Revenue	470.08	497.75	505.02	510.29	473.84	451.09
Gross Profit	1,002	1,088	1,085	1,045	1,061	867.81
Selling, General & Admin	663.02	695.33	719.77	723.4	749.78	632.71
Research & Development	160.79	182.11	184.49	146.12	133.85	111.78
Other Operating Expenses	23.43	19.39	19.19	17.59	16.54	15.49
Operating Expenses	876.43	924.48	946.57	901.67	937.05	774.3
Operating Income	125.47	163.2	138.14	142.93	124.44	93.51
Interest Expense	-4.56	-5.03	-5.02	-4.02	-3.14	-3.77
Interest & Investment Income	18.65	24.4	29.59	18.23	16.21	45.86
Earnings From Equity Investments	-14.3	-14.3	-11.85	-7.96	-	-
Currency Exchange Gain (Loss)	-3.2	-3.2	1.51	-2.37	0.1	2.04
Other Non Operating Income (Expenses)	-1.95	-3.22	1.03	-2	-1.49	-2.05
EBT Excluding Unusual Items	120.11	161.84	153.4	144.82	136.13	135.59
Impairment of Goodwill	-	-	-	-	-19.72	-264.65
Gain (Loss) on Sale of Investments	-22.41	-30.03	-36.09	-0.75	79.09	5.72
Gain (Loss) on Sale of Assets	3.66	1.3	3.67	2.03	0.51	20.4
Asset Writedown	-7.29	-4.68	-0.31	-0.8	-6.26	-
Other Unusual Items	4.17	7.52	11.92	9.9	33.2	13.84
Pretax Income	98.23	135.95	132.59	155.21	222.96	-89.09
Income Tax Expense	41.53	46.59	34.03	48.53	71.75	37.83
Earnings From Continuing Operations	56.7	89.35	98.55	106.68	151.21	-126.92
Minority Interest in Earnings	18.04	11	7.9	6.3	4.11	0.06
Net Income	74.75	100.35	106.45	112.99	155.32	-126.86
Net Income to Common	74.75	100.35	106.45	112.99	155.32	-126.86
Net Income Growth	-30.44%	-5.73%	-5.78%	-27.26%	-	-
Shares Outstanding (Basic)	448	456	463	471	471	470
Shares Outstanding (Diluted)	448	456	463	471	471	470
Shares Change (YoY)	-1.13%	-1.45%	-1.69%	0.02%	0.17%	4.01%
EPS (Basic)	0.17	0.22	0.23	0.24	0.33	-0.27
EPS (Diluted)	0.17	0.22	0.23	0.24	0.33	-0.27
EPS Growth	-29.64%	-4.35%	-4.17%	-27.27%	-	-
Free Cash Flow	279.47	217.87	210.4	162.7	193.22	152.64
Free Cash Flow Per Share	0.62	0.48	0.46	0.35	0.41	0.33
Gross Margin	68.06%	68.61%	68.23%	67.18%	69.14%	65.80%
Operating Margin	8.52%	10.29%	8.69%	9.19%	8.11%	7.09%
Profit Margin	5.08%	6.33%	6.70%	7.27%	10.12%	-9.62%
Free Cash Flow Margin	18.99%	13.74%	13.23%	10.46%	12.58%	11.57%
EBITDA	196.84	265.53	281.74	253.74	227.35	196.82
EBITDA Margin	13.37%	16.75%	17.72%	16.32%	14.81%	14.92%
D&A For EBITDA	71.37	102.33	143.6	110.81	102.91	103.31
EBIT	125.47	163.2	138.14	142.93	124.44	93.51
EBIT Margin	8.52%	10.29%	8.69%	9.19%	8.11%	7.09%
Effective Tax Rate	42.27%	34.27%	25.67%	31.26%	32.18%	-
Revenue as Reported	1,472	1,585	1,590	1,555	1,535	1,319
Advertising Expenses	-	30.86	32.98	29.02	32.43	26.79

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