SHA:600873 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	24,412	24,878	27,439	27,742	22,727	16,604
Other Revenue	191.57	191.57	322.1	194.79	333.88	445.89
Revenue	24,604	25,069	27,761	27,937	23,061	17,050
Revenue Growth (YoY)	-5.06%	-9.70%	-0.63%	21.14%	35.26%	17.15%
Cost of Revenue	19,235	20,042	22,302	20,920	18,592	14,556
Gross Profit	5,369	5,027	5,458	7,017	4,469	2,493
Selling, General & Admin	1,237	1,325	1,338	1,452	1,168	851.75
Research & Development	393.46	382.9	314.22	279.68	254.88	173.14
Other Operating Expenses	202.19	198.79	234.69	258.72	235.4	194.43
Operating Expenses	1,835	1,903	1,892	1,994	1,726	1,246
Operating Income	3,534	3,125	3,566	5,023	2,743	1,247
Interest Expense	-55.23	-80.47	-115.22	-149.37	-177.49	-207.42
Interest & Investment Income	108.22	128.16	126.49	96.95	318.44	43.83
Currency Exchange Gain (Loss)	113.71	113.71	41.11	6.95	6.36	81.32
Other Non Operating Income (Expenses)	-123.96	-13.94	-66.15	-14.04	-15.87	-22.95
EBT Excluding Unusual Items	3,577	3,272	3,552	4,964	2,875	1,142
Gain (Loss) on Sale of Investments	31.44	14.83	-38.12	32.69	-22.02	-82.21
Gain (Loss) on Sale of Assets	-24.25	0.03	4.07	-0.08	1.83	7.65
Asset Writedown	-43.62	-36.13	-43.09	-20.58	-43.24	-13.01
Legal Settlements	-233	-233	-	-	-	-
Other Unusual Items	1,132	321.4	242.42	171.59	69.7	123.71
Pretax Income	4,450	3,349	3,723	5,153	2,883	1,178
Income Tax Expense	679.82	609.03	542.19	746.55	456.11	172.87
Earnings From Continuing Operations	3,770	2,740	3,181	4,406	2,427	1,005
Minority Interest in Earnings	-	-	-	-	-25.06	-23.37
Net Income	3,770	2,740	3,181	4,406	2,402	982.06
Net Income to Common	3,770	2,740	3,181	4,406	2,402	982.06
Net Income Growth	25.02%	-13.85%	-27.81%	83.42%	144.61%	-0.66%
Shares Outstanding (Basic)	2,855	2,915	3,001	3,060	3,080	3,069
Shares Outstanding (Diluted)	2,855	2,915	3,001	3,081	3,080	3,069
Shares Change (YoY)	-3.26%	-2.85%	-2.61%	0.05%	0.35%	-0.66%
EPS (Basic)	1.32	0.94	1.06	1.44	0.78	0.32
EPS (Diluted)	1.32	0.94	1.06	1.43	0.78	0.32
EPS Growth	29.22%	-11.32%	-25.87%	83.33%	143.75%	-
Free Cash Flow	3,150	2,622	3,896	4,196	2,768	847.41
Free Cash Flow Per Share	1.10	0.90	1.30	1.36	0.90	0.28
Dividend Per Share	0.421	0.597	0.417	0.400	0.400	0.300
Dividend Growth	-29.07%	43.06%	4.25%	-	33.33%	15.38%
Gross Margin	21.82%	20.05%	19.66%	25.12%	19.38%	14.62%
Operating Margin	14.37%	12.46%	12.85%	17.98%	11.89%	7.32%
Profit Margin	15.32%	10.93%	11.46%	15.77%	10.42%	5.76%
Free Cash Flow Margin	12.80%	10.46%	14.03%	15.02%	12.00%	4.97%
EBITDA	4,831	4,444	4,914	6,403	4,164	2,678
EBITDA Margin	19.64%	17.73%	17.70%	22.92%	18.06%	15.71%
D&A For EBITDA	1,297	1,319	1,348	1,380	1,421	1,430
EBIT	3,534	3,125	3,566	5,023	2,743	1,247
EBIT Margin	14.37%	12.46%	12.85%	17.98%	11.89%	7.32%
Effective Tax Rate	15.28%	18.18%	14.56%	14.49%	15.82%	14.67%
Revenue as Reported	24,604	25,069	27,761	27,937	23,061	17,050
Advertising Expenses	-	30.03	24.03	28.21	38.94	21.39

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