SHA:600703 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	13,460	11,498	10,203	9,817	9,661	5,971
Other Revenue	4,608	4,608	3,850	3,405	2,911	2,483
Revenue	18,068	16,106	14,053	13,222	12,572	8,454
Revenue Growth (YoY)	14.70%	14.61%	6.28%	5.17%	48.71%	13.32%
Cost of Revenue	15,909	14,528	12,984	11,449	10,106	6,662
Gross Profit	2,159	1,577	1,068	1,773	2,466	1,792
Selling, General & Admin	1,107	1,051	1,043	922.33	967.24	787.19
Research & Development	807.14	705.58	793.91	584.43	530.21	405.69
Other Operating Expenses	236.17	3.41	39.37	157.75	145.99	105.3
Operating Expenses	2,161	1,769	1,893	1,649	1,656	1,336
Operating Income	-2.03	-191.48	-824.89	124.53	810.38	455.57
Interest Expense	-321.53	-326.54	-322.51	-345.91	-183.46	-107.99
Interest & Investment Income	140.28	158.24	57.25	61.45	224.95	40.14
Currency Exchange Gain (Loss)	-0.15	-0.15	5.5	-36.1	-37.71	-12.3
Other Non Operating Income (Expenses)	31.03	-12.07	-16.26	-16.46	-22.88	0.55
EBT Excluding Unusual Items	-152.4	-372	-1,101	-212.48	791.27	375.98
Impairment of Goodwill	-	-	-	-11.86	-	-
Gain (Loss) on Sale of Investments	-370.9	-69.98	-25.83	14.7	7.98	-
Gain (Loss) on Sale of Assets	-0.92	11.61	71.94	10.02	-56.91	-12.49
Asset Writedown	-42.29	-	-	-	-	-10.05
Other Unusual Items	792.19	787.93	1,529	1,054	923.32	807.19
Pretax Income	225.67	357.57	474.61	854.23	1,666	1,161
Income Tax Expense	111.69	102	108.05	169.12	352.64	144.35
Earnings From Continuing Operations	113.98	255.57	366.56	685.11	1,313	1,016
Minority Interest in Earnings	-19.7	-2.73	-	-	-	-
Net Income	94.28	252.85	366.56	685.11	1,313	1,016
Net Income to Common	94.28	252.85	366.56	685.11	1,313	1,016
Net Income Growth	-78.63%	-31.02%	-46.50%	-47.82%	29.20%	-21.73%
Shares Outstanding (Basic)	4,672	5,057	5,237	4,567	4,528	4,235
Shares Outstanding (Diluted)	4,672	5,057	5,237	4,567	4,528	4,235
Shares Change (YoY)	0.92%	-3.43%	14.65%	0.88%	6.92%	4.36%
EPS (Basic)	0.02	0.05	0.07	0.15	0.29	0.24
EPS (Diluted)	0.02	0.05	0.07	0.15	0.29	0.24
EPS Growth	-78.82%	-28.57%	-53.33%	-48.28%	20.83%	-25.00%
Free Cash Flow	285.13	-91.33	1,485	-3,292	-6,914	-2,284
Free Cash Flow Per Share	0.06	-0.02	0.28	-0.72	-1.53	-0.54
Dividend Per Share	0.020	0.020	0.030	0.050	0.100	0.150
Dividend Growth	-33.33%	-33.33%	-40.00%	-50.00%	-33.33%	50.00%
Gross Margin	11.95%	9.79%	7.60%	13.41%	19.62%	21.20%
Operating Margin	-0.01%	-1.19%	-5.87%	0.94%	6.45%	5.39%
Profit Margin	0.52%	1.57%	2.61%	5.18%	10.44%	12.02%
Free Cash Flow Margin	1.58%	-0.57%	10.57%	-24.90%	-54.99%	-27.02%
EBITDA	3,825	3,492	2,669	3,066	2,917	2,232
EBITDA Margin	21.17%	21.68%	18.99%	23.19%	23.20%	26.40%
D&A For EBITDA	3,827	3,684	3,494	2,942	2,106	1,776
EBIT	-2.03	-191.48	-824.89	124.53	810.38	455.57
EBIT Margin	-0.01%	-1.19%	-5.87%	0.94%	6.45%	5.39%
Effective Tax Rate	49.49%	28.53%	22.77%	19.80%	21.17%	12.44%
Revenue as Reported	18,068	16,106	14,053	13,222	12,572	8,454
Advertising Expenses	-	16.66	19.55	16.58	19.43	21.58

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