SHA:600966 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	18,992	18,509	18,484	17,747	16,207	13,951
Other Revenue	421.29	421.29	209.05	614.68	68.79	31.53
Revenue	19,413	18,930	18,693	18,362	16,276	13,982
Revenue Growth (YoY)	2.27%	1.27%	1.80%	12.81%	16.41%	43.56%
Cost of Revenue	17,777	17,117	16,674	16,250	12,561	11,606
Gross Profit	1,636	1,814	2,019	2,111	3,715	2,376
Selling, General & Admin	609.8	705.33	737.64	680.73	602.41	405.81
Research & Development	683.04	674.92	718.42	742.86	555.89	279.55
Other Operating Expenses	-120.63	-94.5	-66.48	85.44	78.04	53.22
Operating Expenses	1,187	1,300	1,395	1,516	1,233	735.74
Operating Income	449.69	513.68	623.59	595.7	2,483	1,641
Interest Expense	-313.8	-307.9	-330.73	-347.51	-356.03	-519.55
Interest & Investment Income	62.4	53.34	31.59	37.41	41.14	30.81
Currency Exchange Gain (Loss)	27.41	27.41	-80.2	24.64	171.65	-28.5
Other Non Operating Income (Expenses)	-116.72	-84.28	-68.44	-40.38	-23.95	-46.68
EBT Excluding Unusual Items	108.99	202.24	175.82	269.85	2,316	1,077
Gain (Loss) on Sale of Investments	-37.26	-32.21	-29.88	-64.41	-59.44	10.11
Gain (Loss) on Sale of Assets	-2.11	0.86	43.47	17.16	-13.92	-0.59
Asset Writedown	15.39	-2.55	-55.53	-7.59	-7.75	-
Other Unusual Items	41.53	37.69	85.35	10.34	7.39	6.62
Pretax Income	126.55	206.03	219.23	225.35	2,242	1,093
Income Tax Expense	-21.57	30.21	37.39	-2.72	536.17	258.81
Earnings From Continuing Operations	148.11	175.82	181.83	228.07	1,706	834.07
Net Income	148.11	175.82	181.83	228.07	1,706	834.07
Net Income to Common	148.11	175.82	181.83	228.07	1,706	834.07
Net Income Growth	-65.06%	-3.31%	-20.27%	-86.63%	104.50%	523.50%
Shares Outstanding (Basic)	1,236	1,236	1,237	1,291	1,326	1,337
Shares Outstanding (Diluted)	1,236	1,236	1,237	1,291	1,326	1,337
Shares Change (YoY)	-0.03%	-0.04%	-4.17%	-2.67%	-0.80%	0.04%
EPS (Basic)	0.12	0.14	0.15	0.18	1.29	0.62
EPS (Diluted)	0.12	0.14	0.15	0.18	1.29	0.62
EPS Growth	-65.05%	-3.26%	-16.81%	-86.26%	106.16%	523.28%
Free Cash Flow	2,392	145.81	1,578	-1,321	3,336	3,259
Free Cash Flow Per Share	1.93	0.12	1.27	-1.02	2.52	2.44
Dividend Per Share	0.028	0.028	0.029	0.018	0.271	0.126
Dividend Growth	-3.30%	-3.30%	59.49%	-93.18%	114.00%	643.53%
Gross Margin	8.43%	9.58%	10.80%	11.50%	22.83%	17.00%
Operating Margin	2.32%	2.71%	3.34%	3.24%	15.25%	11.73%
Profit Margin	0.76%	0.93%	0.97%	1.24%	10.48%	5.96%
Free Cash Flow Margin	12.32%	0.77%	8.44%	-7.19%	20.50%	23.31%
EBITDA	1,265	1,281	1,327	1,362	3,221	2,423
EBITDA Margin	6.52%	6.77%	7.10%	7.42%	19.79%	17.33%
D&A For EBITDA	815.61	767.32	702.93	766.17	737.93	782.24
EBIT	449.69	513.68	623.59	595.7	2,483	1,641
EBIT Margin	2.32%	2.71%	3.34%	3.24%	15.25%	11.73%
Effective Tax Rate	-	14.66%	17.06%	-	23.92%	23.68%
Revenue as Reported	19,413	18,930	18,693	18,362	16,276	13,982

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