SHA:600879 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	13,795	14,193	18,579	17,281	15,831	13,811
Other Revenue	87.25	87.25	148.34	194.19	157.96	197.75
Revenue	13,882	14,280	18,727	17,476	15,989	14,009
Revenue Growth (YoY)	-7.47%	-23.75%	7.16%	9.30%	14.14%	2.16%
Cost of Revenue	11,331	11,304	14,984	14,079	12,868	11,403
Gross Profit	2,551	2,977	3,743	3,396	3,122	2,605
Selling, General & Admin	1,359	1,561	1,736	1,480	1,470	1,202
Research & Development	754.66	881.17	1,075	893.19	718.54	571.74
Other Operating Expenses	76.02	57	52.58	67.72	56.13	41.14
Operating Expenses	2,249	2,535	3,097	2,546	2,294	1,835
Operating Income	302.59	441.28	646.28	850.57	827.16	770.25
Interest Expense	-193.7	-177.19	-183.44	-210.41	-224.89	-193.64
Interest & Investment Income	59.92	344.84	142.56	11.38	31.3	9.83
Currency Exchange Gain (Loss)	0.57	0.57	0.24	0.49	-1.02	-0.79
Other Non Operating Income (Expenses)	12.99	-29.38	-62.97	-30.43	-43.16	-13.02
EBT Excluding Unusual Items	182.37	580.13	542.67	621.6	589.39	572.64
Gain (Loss) on Sale of Investments	-14.56	-	-	-0.9	-	-4.08
Gain (Loss) on Sale of Assets	0.4	0.3	-4.9	-1.82	-3.2	-1.02
Asset Writedown	-5.64	-15.01	-35.73	-20.64	2.08	-12.71
Legal Settlements	-24.59	-24.59	-	-	-	-
Other Unusual Items	110.06	110.06	95.63	81.77	51.79	87.17
Pretax Income	248.03	650.88	597.67	680.01	640.05	641.99
Income Tax Expense	50.39	49.1	6.87	22.61	45.78	112.37
Earnings From Continuing Operations	197.64	601.78	590.8	657.4	594.27	529.62
Minority Interest in Earnings	-2.28	-53.76	-65.95	-44.65	-45.07	-51.17
Net Income	195.36	548.02	524.85	612.75	549.2	478.46
Net Income to Common	195.36	548.02	524.85	612.75	549.2	478.46
Net Income Growth	-65.91%	4.42%	-14.35%	11.57%	14.79%	4.40%
Shares Outstanding (Basic)	3,313	3,301	2,965	2,723	2,719	2,719
Shares Outstanding (Diluted)	3,313	3,301	2,965	2,723	2,719	2,719
Shares Change (YoY)	0.27%	11.33%	8.88%	0.17%	0.01%	0.25%
EPS (Basic)	0.06	0.17	0.18	0.23	0.20	0.18
EPS (Diluted)	0.06	0.17	0.18	0.23	0.20	0.18
EPS Growth	-66.00%	-6.21%	-21.33%	11.39%	14.77%	4.14%
Free Cash Flow	-427.5	-1,043	-1,634	-2,268	-211.63	24.6
Free Cash Flow Per Share	-0.13	-0.32	-0.55	-0.83	-0.08	0.01
Dividend Per Share	0.050	0.050	0.048	0.070	-	-
Dividend Growth	4.17%	4.17%	-31.43%	-	-	-
Gross Margin	18.38%	20.84%	19.99%	19.43%	19.52%	18.60%
Operating Margin	2.18%	3.09%	3.45%	4.87%	5.17%	5.50%
Profit Margin	1.41%	3.84%	2.80%	3.51%	3.44%	3.42%
Free Cash Flow Margin	-3.08%	-7.31%	-8.73%	-12.98%	-1.32%	0.18%
EBITDA	693.44	877.99	1,144	1,339	1,280	1,209
EBITDA Margin	5.00%	6.15%	6.11%	7.66%	8.00%	8.63%
D&A For EBITDA	390.85	436.71	497.85	488.87	452.77	438.7
EBIT	302.59	441.28	646.28	850.57	827.16	770.25
EBIT Margin	2.18%	3.09%	3.45%	4.87%	5.17%	5.50%
Effective Tax Rate	20.32%	7.54%	1.15%	3.33%	7.15%	17.50%
Revenue as Reported	13,882	14,280	18,727	17,476	15,989	14,009
Advertising Expenses	-	-	20.09	12.72	9.74	8.16

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