Shanghai Phoenix Enterprise (Group) Co., Ltd. (SHA:600679)

SHA:600679 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,267	2,170	1,724	1,592	2,031	1,353
Other Revenue	14.08	21.62	15.15	17.52	27.34	22.65
Revenue	2,281	2,192	1,739	1,610	2,058	1,376
Revenue Growth (YoY)	9.27%	26.03%	8.04%	-21.77%	49.59%	41.12%
Cost of Revenue	1,990	1,920	1,472	1,331	1,727	1,173
Gross Profit	291.44	272.48	267.56	279.37	331.32	203.2
Selling, General & Admin	255.24	243.14	204.85	202.89	187.75	112.31
Research & Development	25.69	22.65	18.64	20.44	22.24	14.69
Other Operating Expenses	10.02	7.09	5.01	9.53	7.05	3.87
Operating Expenses	297.5	282.05	247.45	242.15	219.83	131.2
Operating Income	-6.06	-9.57	20.11	37.23	111.49	72
Interest Expense	-13.75	-13.49	-9.16	-6.87	-13.22	-2.77
Interest & Investment Income	33.25	34.96	27.57	28.79	24.7	76.56
Currency Exchange Gain (Loss)	12.73	12.17	6.12	11.39	1.14	-4.72
Other Non Operating Income (Expenses)	4.63	-1.43	4.43	-9	-4.96	-0.92
EBT Excluding Unusual Items	30.78	22.63	49.06	61.53	119.14	140.14
Impairment of Goodwill	-81.79	-81.79	-13.92	-355.04	-0.48	-
Gain (Loss) on Sale of Investments	0.03	0.73	6.75	-12.04	8.46	0.24
Gain (Loss) on Sale of Assets	-1.89	0.37	0.24	-8.52	0.02	0.17
Asset Writedown	-	-	-0.03	-0.23	-0	-0.03
Legal Settlements	-5.2	-5.2	-	-	-	-
Other Unusual Items	-75.34	-81.24	3.44	7.98	0.7	-0.89
Pretax Income	-133.4	-144.49	45.54	-306.31	127.84	139.63
Income Tax Expense	-2.9	-6.24	1.31	4.31	27.34	32.23
Earnings From Continuing Operations	-130.5	-138.25	44.22	-310.62	100.5	107.4
Minority Interest in Earnings	-1.34	-0.84	1.07	2.58	3.5	-46.68
Net Income	-131.84	-139.09	45.29	-308.04	104	60.72
Net Income to Common	-131.84	-139.09	45.29	-308.04	104	60.72
Net Income Growth	-	-	-	-	71.26%	125.57%
Shares Outstanding (Basic)	515	515	515	515	486	402
Shares Outstanding (Diluted)	515	515	515	515	486	402
Shares Change (YoY)	0.01%	0.01%	-	5.94%	20.96%	0.09%
EPS (Basic)	-0.26	-0.27	0.09	-0.60	0.21	0.15
EPS (Diluted)	-0.26	-0.27	0.09	-0.60	0.21	0.15
EPS Growth	-	-	-	-	41.59%	125.37%
Free Cash Flow	40	165.99	-121.69	102.93	19.57	104.6
Free Cash Flow Per Share	0.08	0.32	-0.24	0.20	0.04	0.26
Dividend Per Share	-	0.024	-	0.061	0.061	0.040
Dividend Growth	-	-	-	-	52.50%	-
Gross Margin	12.78%	12.43%	15.38%	17.35%	16.10%	14.77%
Operating Margin	-0.27%	-0.44%	1.16%	2.31%	5.42%	5.23%
Profit Margin	-5.78%	-6.35%	2.60%	-19.13%	5.05%	4.41%
Free Cash Flow Margin	1.75%	7.57%	-7.00%	6.39%	0.95%	7.60%
EBITDA	71.32	71.73	89.81	93.95	160.93	94.54
EBITDA Margin	3.13%	3.27%	5.16%	5.84%	7.82%	6.87%
D&A For EBITDA	77.39	81.3	69.7	56.72	49.45	22.54
EBIT	-6.06	-9.57	20.11	37.23	111.49	72
EBIT Margin	-0.27%	-0.44%	1.16%	2.31%	5.42%	5.23%
Effective Tax Rate	-	-	2.88%	-	21.39%	23.08%
Revenue as Reported	2,281	2,192	1,739	3,220	2,058	1,376
Advertising Expenses	-	1.22	0.19	0.53	0.86	-

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