SHA:600867 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	2,708	1,976	2,930	2,742	3,219	2,855
Other Revenue	33.15	33.15	145.81	36.47	49.22	37.13
Revenue	2,741	2,010	3,075	2,778	3,268	2,892
Revenue Growth (YoY)	12.74%	-34.66%	10.69%	-14.98%	12.99%	4.14%
Cost of Revenue	790.58	547.46	621.05	628.13	586.99	582.86
Gross Profit	1,951	1,462	2,454	2,150	2,681	2,309
Selling, General & Admin	1,354	1,252	1,047	1,114	1,255	1,091
Research & Development	140.65	99.3	104.96	146.71	166.86	106.93
Other Operating Expenses	25.33	13.13	11.65	14.57	11.27	-34.35
Operating Expenses	1,513	1,349	1,184	1,268	1,435	1,165
Operating Income	437.6	113.02	1,270	882.29	1,246	1,145
Interest Expense	-21.81	-14.38	-5.17	-0.28	-	-10.17
Interest & Investment Income	1,211	130.82	103.61	942.66	304.32	43.64
Currency Exchange Gain (Loss)	0.7	0.7	0.47	0	0.24	-0.45
Other Non Operating Income (Expenses)	251.31	-1.14	-1.65	-0.88	0.33	-7.38
EBT Excluding Unusual Items	1,878	229.02	1,368	1,824	1,550	1,170
Gain (Loss) on Sale of Investments	-	0.4	0.52	0.96	-0.37	0.37
Gain (Loss) on Sale of Assets	-255.35	-239.83	-3.13	-0.11	-13.48	-62.44
Asset Writedown	-106.24	-80.68	-7	-1.74	-11.53	-
Legal Settlements	-60.82	-60.82	-	-	-	-
Other Unusual Items	-44.03	8.16	7.91	6.62	9.35	-
Pretax Income	1,412	-143.75	1,366	1,830	1,534	1,108
Income Tax Expense	201.78	-99.63	197.97	247.69	225.86	177.81
Earnings From Continuing Operations	1,210	-44.12	1,168	1,582	1,309	930.32
Minority Interest in Earnings	15.69	1.4	-0.09	0.06	-0.34	-0.41
Net Income	1,226	-42.72	1,168	1,582	1,308	929.92
Net Income to Common	1,226	-42.72	1,168	1,582	1,308	929.92
Net Income Growth	259.17%	-	-26.17%	20.92%	40.69%	14.63%
Shares Outstanding (Basic)	1,955	2,136	1,979	2,002	2,044	2,022
Shares Outstanding (Diluted)	1,955	2,136	1,979	2,002	2,044	2,022
Shares Change (YoY)	-8.58%	7.92%	-1.15%	-2.04%	1.12%	-0.32%
EPS (Basic)	0.63	-0.02	0.59	0.79	0.64	0.46
EPS (Diluted)	0.63	-0.02	0.59	0.79	0.64	0.46
EPS Growth	292.86%	-	-25.32%	23.44%	39.13%	15.00%
Free Cash Flow	213.89	-108.99	513.4	370.21	579.62	712.69
Free Cash Flow Per Share	0.11	-0.05	0.26	0.18	0.28	0.35
Dividend Per Share	0.250	0.250	0.250	0.500	0.300	0.210
Dividend Growth	-	-	-50.00%	66.67%	42.86%	5.00%
Gross Margin	71.16%	72.76%	79.81%	77.39%	82.04%	79.85%
Operating Margin	15.96%	5.62%	41.31%	31.75%	38.12%	39.57%
Profit Margin	44.72%	-2.13%	37.97%	56.93%	40.03%	32.15%
Free Cash Flow Margin	7.80%	-5.42%	16.69%	13.32%	17.74%	24.64%
EBITDA	625.44	300.02	1,456	1,033	1,389	1,299
EBITDA Margin	22.81%	14.93%	47.35%	37.20%	42.51%	44.92%
D&A For EBITDA	187.84	187	185.87	151.17	143.65	154.54
EBIT	437.6	113.02	1,270	882.29	1,246	1,145
EBIT Margin	15.96%	5.62%	41.31%	31.75%	38.12%	39.57%
Effective Tax Rate	14.29%	-	14.49%	13.54%	14.72%	16.05%
Revenue as Reported	2,741	2,010	3,075	2,778	3,268	-
Advertising Expenses	-	93.24	63.59	46.79	143.61	120.46

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