SHA:600729 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Operating Revenue	14,784	15,722	17,564	16,752	19,440	19,658	Upgrade
Other Revenue	1,417	1,417	1,427	1,552	1,696	1,420	Upgrade
Revenue	16,201	17,139	18,991	18,304	21,136	21,077	Upgrade
Revenue Growth (YoY)	-9.07%	-9.75%	3.75%	-13.40%	0.28%	-38.97%	Upgrade
Cost of Revenue	12,952	12,952	14,538	13,809	16,057	16,267	Upgrade
Gross Profit	3,248	4,187	4,452	4,495	5,079	4,811	Upgrade
Selling, General & Admin	3,221	3,221	3,518	3,809	4,075	4,086	Upgrade
Research & Development	13.9	13.9	26.6	28.57	37.84	3.03	Upgrade
Other Operating Expenses	-814.54	187.99	146.37	184.42	223.04	167.89	Upgrade
Operating Expenses	2,425	3,428	3,691	4,042	4,316	4,279	Upgrade
Operating Income	822.9	758.66	761.26	452.35	762.43	532.07	Upgrade
Interest Expense	-178.19	-178.19	-193.57	-174.31	-183.28	-22.04	Upgrade
Interest & Investment Income	872.96	872.96	777.02	678.54	526.26	253.16	Upgrade
Other Non Operating Income (Expenses)	-30.47	-31.88	-38.64	-28.67	-35.46	-31.56	Upgrade
EBT Excluding Unusual Items	1,487	1,422	1,306	927.91	1,070	731.63	Upgrade
Gain (Loss) on Sale of Investments	5.4	5.4	64.5	2.23	7.35	51.79	Upgrade
Gain (Loss) on Sale of Assets	5.76	5.76	35.05	51.69	0.78	377.99	Upgrade
Asset Writedown	-0.95	-0.95	-4.78	-4.86	-4.88	-6.36	Upgrade
Other Unusual Items	20.32	20.32	32.77	22.98	30.07	87.21	Upgrade
Pretax Income	1,518	1,452	1,434	999.95	1,103	1,242	Upgrade
Income Tax Expense	119.69	116.23	102.01	95.33	116.19	174.87	Upgrade
Earnings From Continuing Operations	1,398	1,336	1,332	904.62	987.09	1,067	Upgrade
Minority Interest in Earnings	-21.2	-21.2	-22.99	-21.23	-35.56	-17.39	Upgrade
Net Income	1,377	1,315	1,309	883.38	951.54	1,050	Upgrade
Net Income to Common	1,377	1,315	1,309	883.38	951.54	1,050	Upgrade
Net Income Growth	23.07%	0.46%	48.14%	-7.16%	-9.38%	6.57%	Upgrade
Shares Outstanding (Basic)	440	438	438	396	400	407	Upgrade
Shares Outstanding (Diluted)	441	440	439	396	400	407	Upgrade
Shares Change (YoY)	0.29%	0.13%	10.85%	-0.92%	-1.76%	-0.04%	Upgrade
EPS (Basic)	3.13	3.00	2.99	2.23	2.38	2.58	Upgrade
EPS (Diluted)	3.12	2.99	2.98	2.23	2.38	2.58	Upgrade
EPS Growth	22.72%	0.34%	33.63%	-6.30%	-7.75%	6.61%	Upgrade
Free Cash Flow	-	1,875	1,325	317.17	881.33	860.25	Upgrade
Free Cash Flow Per Share	-	4.27	3.02	0.80	2.20	2.11	Upgrade
Dividend Per Share	1.362	1.362	1.356	0.680	3.790	3.690	Upgrade
Dividend Growth	0.45%	0.45%	99.43%	-82.06%	2.71%	405.48%	Upgrade
Gross Margin	20.05%	24.43%	23.45%	24.56%	24.03%	22.82%	Upgrade
Operating Margin	5.08%	4.43%	4.01%	2.47%	3.61%	2.52%	Upgrade
Profit Margin	8.50%	7.67%	6.89%	4.83%	4.50%	4.98%	Upgrade
Free Cash Flow Margin	-	10.94%	6.98%	1.73%	4.17%	4.08%	Upgrade
EBITDA	1,068	999.04	1,434	691.79	998.65	775.19	Upgrade
EBITDA Margin	6.59%	5.83%	7.55%	3.78%	4.72%	3.68%	Upgrade
D&A For EBITDA	244.74	240.39	672.51	239.44	236.22	243.12	Upgrade
EBIT	822.9	758.66	761.26	452.35	762.43	532.07	Upgrade
EBIT Margin	5.08%	4.43%	4.01%	2.47%	3.61%	2.52%	Upgrade
Effective Tax Rate	7.89%	8.00%	7.12%	9.53%	10.53%	14.08%	Upgrade
Revenue as Reported	17,139	17,139	18,991	18,304	21,136	21,077	Upgrade
Advertising Expenses	-	248.48	247.97	270.21	291.66	272.92	Upgrade

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