SHA:600720 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	11,647	12,258	13,309	13,100	7,648	7,780
Other Revenue	175.41	175.41	202.31	125.6	24.89	31.64
Revenue	11,822	12,434	13,511	13,226	7,673	7,812
Revenue Growth (YoY)	2.77%	-7.98%	2.16%	72.38%	-1.78%	12.70%
Cost of Revenue	8,463	8,779	9,840	9,759	5,830	5,295
Gross Profit	3,360	3,655	3,671	3,467	1,843	2,516
Selling, General & Admin	689.71	746.22	825.91	879.71	520.83	520.39
Research & Development	445.51	482.98	547.86	521.88	-	-
Other Operating Expenses	63.8	54.55	36.02	78.06	77.62	62.05
Operating Expenses	1,700	1,753	1,656	1,709	628.22	600.44
Operating Income	1,659	1,902	2,015	1,757	1,215	1,916
Interest Expense	-56.63	-53.39	-58.28	-50.68	-11.25	-9.78
Interest & Investment Income	182.53	192.13	227.18	188.24	36.91	15.97
Currency Exchange Gain (Loss)	15.43	15.43	14.31	62.47	-	-
Other Non Operating Income (Expenses)	-23.31	-14.15	-43.83	-31.87	-6.4	-7.72
EBT Excluding Unusual Items	1,777	2,042	2,155	1,926	1,234	1,914
Gain (Loss) on Sale of Investments	13.18	0.14	-87.5	36.85	29.98	-10.76
Gain (Loss) on Sale of Assets	8.14	2.52	0.48	0.96	2.29	3.03
Asset Writedown	-4.64	-	-	-5.05	-13.14	7.98
Other Unusual Items	44.39	44.39	33.3	112.12	-39.12	-88.11
Pretax Income	1,838	2,089	2,101	2,070	1,214	1,827
Income Tax Expense	286.35	308.41	306.04	310.98	185.82	278.03
Earnings From Continuing Operations	1,552	1,781	1,795	1,759	1,028	1,549
Minority Interest in Earnings	-29.33	-29.4	-28.64	-64.37	-80.44	-111.51
Net Income	1,523	1,751	1,766	1,695	947.52	1,437
Net Income to Common	1,523	1,751	1,766	1,695	947.52	1,437
Net Income Growth	-15.05%	-0.84%	4.19%	78.90%	-34.07%	16.44%
Shares Outstanding (Basic)	2,295	2,120	1,350	1,285	776	776
Shares Outstanding (Diluted)	2,295	2,120	1,350	1,285	776	776
Shares Change (YoY)	18.73%	57.01%	5.03%	65.59%	-0.00%	-
EPS (Basic)	0.66	0.83	1.31	1.32	1.22	1.85
EPS (Diluted)	0.66	0.83	1.31	1.32	1.22	1.85
EPS Growth	-28.45%	-36.85%	-0.80%	8.04%	-34.06%	16.44%
Free Cash Flow	-235.55	-555.55	-289.21	2,098	167.94	1,102
Free Cash Flow Per Share	-0.10	-0.26	-0.21	1.63	0.22	1.42
Dividend Per Share	0.229	0.229	0.257	0.110	0.450	0.680
Dividend Growth	-10.90%	-10.90%	132.79%	-75.47%	-33.82%	17.24%
Gross Margin	28.42%	29.40%	27.17%	26.21%	24.02%	32.21%
Operating Margin	14.04%	15.30%	14.91%	13.29%	15.83%	24.53%
Profit Margin	12.88%	14.08%	13.07%	12.82%	12.35%	18.40%
Free Cash Flow Margin	-1.99%	-4.47%	-2.14%	15.86%	2.19%	14.11%
EBITDA	1,824	2,063	2,171	1,909	1,821	2,484
EBITDA Margin	15.42%	16.59%	16.07%	14.44%	23.73%	31.80%
D&A For EBITDA	164.15	160.66	156.01	151.9	606.51	567.95
EBIT	1,659	1,902	2,015	1,757	1,215	1,916
EBIT Margin	14.04%	15.30%	14.91%	13.29%	15.83%	24.53%
Effective Tax Rate	15.57%	14.76%	14.57%	15.02%	15.31%	15.22%
Revenue as Reported	11,822	12,434	13,511	13,226	7,673	7,812
Advertising Expenses	-	-	-	-	0.78	1.64

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