SHA:600893 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	44,220	47,265	43,103	36,570	33,665	28,266
Other Revenue	615.15	615.15	630.74	526.86	436.98	367.1
Revenue	44,836	47,880	43,734	37,097	34,102	28,633
Revenue Growth (YoY)	3.35%	9.48%	17.89%	8.78%	19.10%	13.57%
Cost of Revenue	40,712	43,327	39,480	33,404	30,461	24,922
Gross Profit	4,124	4,553	4,254	3,693	3,641	3,711
Selling, General & Admin	1,865	1,871	1,829	1,840	2,105	1,724
Research & Development	1,068	995.23	553.45	710.5	472.77	446.97
Other Operating Expenses	14.49	138.57	196.9	123.66	69.89	62.78
Operating Expenses	3,216	3,215	2,632	2,771	2,693	2,316
Operating Income	907.62	1,337	1,621	921.96	947.96	1,395
Interest Expense	-617.86	-504.44	-295.98	-150.61	-142.34	-257.38
Interest & Investment Income	153.13	206.69	456.34	473.39	512.02	146.32
Currency Exchange Gain (Loss)	22.79	22.79	19.78	87.96	-21.45	-43.69
Other Non Operating Income (Expenses)	-99.13	-23.06	-35.1	-27.46	-124.68	-12.16
EBT Excluding Unusual Items	366.55	1,039	1,766	1,305	1,172	1,228
Gain (Loss) on Sale of Investments	-35	-52	-145	31	-28	38
Gain (Loss) on Sale of Assets	-17.83	-0.97	-14.11	-11.05	3.15	9.39
Asset Writedown	-32.47	-9.04	-0.25	-30.88	-0.14	-83.66
Other Unusual Items	158.52	158.52	101.57	262.75	260.88	218.38
Pretax Income	439.76	1,136	1,709	1,557	1,407	1,410
Income Tax Expense	83.55	152.44	189.56	205.69	176.26	243.66
Earnings From Continuing Operations	356.21	983.29	1,519	1,351	1,231	1,166
Minority Interest in Earnings	-114.12	-123	-97.59	-84.15	-43.53	-20.09
Net Income	242.09	860.29	1,421	1,267	1,188	1,146
Net Income to Common	242.09	860.29	1,421	1,267	1,188	1,146
Net Income Growth	-78.32%	-39.48%	12.17%	6.70%	3.63%	6.37%
Shares Outstanding (Basic)	2,696	2,688	2,682	2,640	2,639	2,339
Shares Outstanding (Diluted)	2,696	2,688	2,682	2,640	2,639	2,339
Shares Change (YoY)	-0.77%	0.24%	1.59%	0.03%	12.85%	4.19%
EPS (Basic)	0.09	0.32	0.53	0.48	0.45	0.49
EPS (Diluted)	0.09	0.32	0.53	0.48	0.45	0.49
EPS Growth	-78.15%	-39.62%	10.42%	6.67%	-8.16%	2.08%
Free Cash Flow	-8,484	-17,228	-10,083	-14,080	13,692	1,020
Free Cash Flow Per Share	-3.15	-6.41	-3.76	-5.33	5.19	0.44
Dividend Per Share	0.097	0.097	0.160	0.145	0.135	0.130
Dividend Growth	-39.38%	-39.38%	10.35%	7.41%	3.85%	-9.72%
Gross Margin	9.20%	9.51%	9.73%	9.96%	10.68%	12.96%
Operating Margin	2.02%	2.79%	3.71%	2.48%	2.78%	4.87%
Profit Margin	0.54%	1.80%	3.25%	3.42%	3.48%	4.00%
Free Cash Flow Margin	-18.92%	-35.98%	-23.05%	-37.95%	40.15%	3.56%
EBITDA	2,997	3,378	3,598	2,732	2,537	2,946
EBITDA Margin	6.68%	7.05%	8.23%	7.36%	7.44%	10.29%
D&A For EBITDA	2,089	2,041	1,977	1,810	1,589	1,551
EBIT	907.62	1,337	1,621	921.96	947.96	1,395
EBIT Margin	2.02%	2.79%	3.71%	2.48%	2.78%	4.87%
Effective Tax Rate	19.00%	13.42%	11.09%	13.21%	12.52%	17.28%
Revenue as Reported	44,836	47,880	43,734	37,097	34,102	28,633
Advertising Expenses	-	-	-	0.1	1.89	1.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.