SHA:600648 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	6,423	7,079	7,532	9,026	8,614	10,096
Other Revenue	135.31	160.24	162.87	175.05	270.3	122.71
Revenue	6,559	7,240	7,695	9,201	8,884	10,219
Revenue Growth (YoY)	-10.62%	-5.92%	-16.37%	3.57%	-13.06%	13.48%
Cost of Revenue	4,738	4,862	4,888	6,006	6,030	6,971
Gross Profit	1,821	2,378	2,807	3,195	2,854	3,248
Selling, General & Admin	745.15	762.4	809.02	781.38	760.08	672.5
Research & Development	29.46	26.14	25.86	24.18	24.43	10.42
Other Operating Expenses	268.67	414.39	556.69	643.54	388.99	1,195
Operating Expenses	1,016	1,201	1,396	1,449	1,179	1,880
Operating Income	804.8	1,176	1,411	1,746	1,675	1,367
Interest Expense	-531.97	-539.14	-477.96	-543.52	-527.82	-438.8
Interest & Investment Income	531.61	524.03	100.18	495.3	130.61	3.02
Currency Exchange Gain (Loss)	1.42	1.47	1.71	9.74	1.86	2.04
Other Non Operating Income (Expenses)	-33.13	-5.94	38.75	-134.18	22.08	-48.86
EBT Excluding Unusual Items	772.73	1,156	1,073	1,573	1,302	884.66
Gain (Loss) on Sale of Investments	28.63	26.33	22.37	4.9	5.83	-27.8
Gain (Loss) on Sale of Assets	9.3	9.29	66.86	2.3	0.3	0.64
Asset Writedown	-0.19	-0.19	-	-6.46	-2.95	-2.81
Legal Settlements	-	-	-	-10.83	-	-4.09
Other Unusual Items	132.81	106.78	89.95	101	31.84	205.18
Pretax Income	943.27	1,299	1,253	1,664	1,337	1,056
Income Tax Expense	251.41	334.43	311.36	409.31	386.41	286.34
Earnings From Continuing Operations	691.86	964.25	941.22	1,255	950.42	769.44
Minority Interest in Earnings	-12.34	-12.82	-12.7	-13.74	-13.31	-47.81
Net Income	679.52	951.43	928.52	1,241	937.11	721.63
Net Income to Common	679.52	951.43	928.52	1,241	937.11	721.63
Net Income Growth	-8.85%	2.47%	-25.17%	32.41%	29.86%	-17.55%
Shares Outstanding (Basic)	1,325	1,133	1,132	1,138	1,129	1,128
Shares Outstanding (Diluted)	1,325	1,133	1,132	1,138	1,129	1,128
Shares Change (YoY)	17.57%	0.03%	-0.53%	0.82%	0.13%	-0.80%
EPS (Basic)	0.51	0.84	0.82	1.09	0.83	0.64
EPS (Diluted)	0.51	0.84	0.82	1.09	0.83	0.64
EPS Growth	-22.47%	2.44%	-24.77%	31.32%	29.69%	-16.88%
Free Cash Flow	-2,253	-3,460	-458.04	-2,128	3,435	3,986
Free Cash Flow Per Share	-1.70	-3.06	-0.41	-1.87	3.04	3.54
Dividend Per Share	0.350	0.350	0.410	0.330	0.825	0.200
Dividend Growth	-14.63%	-14.63%	24.24%	-60.02%	312.70%	-16.67%
Gross Margin	27.76%	32.84%	36.47%	34.72%	32.13%	31.78%
Operating Margin	12.27%	16.24%	18.33%	18.97%	18.85%	13.38%
Profit Margin	10.36%	13.14%	12.07%	13.48%	10.55%	7.06%
Free Cash Flow Margin	-34.36%	-47.79%	-5.95%	-23.12%	38.67%	39.01%
EBITDA	1,632	1,993	2,213	2,555	2,478	2,070
EBITDA Margin	24.88%	27.52%	28.76%	27.77%	27.90%	20.25%
D&A For EBITDA	827.32	816.67	802.48	809.6	803.31	702.3
EBIT	804.8	1,176	1,411	1,746	1,675	1,367
EBIT Margin	12.27%	16.24%	18.33%	18.97%	18.85%	13.38%
Effective Tax Rate	26.65%	25.75%	24.86%	24.60%	28.90%	27.12%
Revenue as Reported	6,559	7,240	7,695	9,201	8,884	10,219
Advertising Expenses	-	19.36	26.55	9.27	8.71	14.18

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