SHA:600866 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	15,998	16,710	16,891	17,074	3,970	1,106
Other Revenue	624.13	624.13	482.72	412.8	100.95	10.21
Revenue	16,622	17,334	17,374	17,486	4,071	1,116
Revenue Growth (YoY)	-4.66%	-0.23%	-0.64%	329.51%	264.72%	6.35%
Cost of Revenue	13,398	14,393	14,976	14,488	3,276	750.43
Gross Profit	3,224	2,942	2,397	2,998	794.87	365.84
Selling, General & Admin	1,109	1,076	947.17	935.84	365.04	139.39
Research & Development	174.29	169.78	179.31	177.98	98.83	57.64
Other Operating Expenses	103.44	104.97	80.35	118.9	8.21	13.14
Operating Expenses	1,381	1,346	1,213	1,236	469.21	210.5
Operating Income	1,843	1,596	1,185	1,762	325.66	155.35
Interest Expense	-76.48	-109.68	-173.46	-243.29	-83.35	-13.88
Interest & Investment Income	45.49	14.85	21.43	15.5	7.26	7.75
Currency Exchange Gain (Loss)	37.4	37.4	-8.33	-76.91	6.6	-2.36
Other Non Operating Income (Expenses)	-29.23	-19.65	-14.12	-40.35	4.97	-0.23
EBT Excluding Unusual Items	1,820	1,519	1,010	1,417	261.14	146.63
Impairment of Goodwill	-91.91	-91.91	-93.7	-12.34	-	-
Gain (Loss) on Sale of Investments	-130.31	-237.67	-66.94	3.6	8.79	-
Gain (Loss) on Sale of Assets	23.07	28.69	0.3	4.35	0.83	1.12
Asset Writedown	-30.22	-6.9	-14.15	-17.14	-4.31	-6.87
Other Unusual Items	21.43	21.92	27.88	27.72	11.81	15.77
Pretax Income	1,612	1,233	863.62	1,424	278.26	156.64
Income Tax Expense	329.82	283.27	177.92	240.56	29.18	7.93
Earnings From Continuing Operations	1,282	949.81	685.7	1,183	249.07	148.71
Minority Interest in Earnings	-1.17	-6.66	-7.74	-574.66	-96.94	-
Net Income	1,281	943.15	677.95	608.33	152.14	148.71
Net Income to Common	1,281	943.15	677.95	608.33	152.14	148.71
Net Income Growth	47.97%	39.12%	11.45%	299.85%	2.31%	-0.56%
Shares Outstanding (Basic)	1,661	1,661	1,662	1,188	807	739
Shares Outstanding (Diluted)	1,661	1,661	1,662	1,188	807	739
Shares Change (YoY)	-0.03%	-0.02%	39.91%	47.23%	9.14%	0.03%
EPS (Basic)	0.77	0.57	0.41	0.51	0.19	0.20
EPS (Diluted)	0.77	0.57	0.41	0.51	0.19	0.20
EPS Growth	48.01%	39.14%	-20.34%	171.58%	-6.26%	-0.59%
Free Cash Flow	478.63	1,759	1,650	1,210	-181.59	-39.91
Free Cash Flow Per Share	0.29	1.06	0.99	1.02	-0.23	-0.05
Dividend Per Share	0.380	0.380	0.380	-	-	-
Gross Margin	19.39%	16.97%	13.80%	17.15%	19.52%	32.77%
Operating Margin	11.09%	9.21%	6.82%	10.08%	8.00%	13.92%
Profit Margin	7.71%	5.44%	3.90%	3.48%	3.74%	13.32%
Free Cash Flow Margin	2.88%	10.15%	9.50%	6.92%	-4.46%	-3.57%
EBITDA	2,662	2,429	2,035	2,742	429.11	243.28
EBITDA Margin	16.02%	14.01%	11.71%	15.68%	10.54%	21.79%
D&A For EBITDA	819.59	832.89	850.63	979.49	103.45	87.93
EBIT	1,843	1,596	1,185	1,762	325.66	155.35
EBIT Margin	11.09%	9.21%	6.82%	10.08%	8.00%	13.92%
Effective Tax Rate	20.46%	22.97%	20.60%	16.90%	10.49%	5.06%
Revenue as Reported	16,622	17,334	17,374	17,486	4,071	1,116
Advertising Expenses	-	51.05	62.42	17.7	4.96	1.87

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