SHA:600968 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Operating Revenue	53,216	52,278	49,235	47,723	38,596	33,154	Upgrade
Other Revenue	265.84	238.47	73.19	61.25	143	53.85	Upgrade
Revenue	53,481	52,517	49,308	47,784	38,739	33,208	Upgrade
Revenue Growth (YoY)	6.37%	6.51%	3.19%	23.35%	16.66%	-0.76%	Upgrade
Cost of Revenue	45,409	44,849	42,674	41,799	33,627	28,869	Upgrade
Gross Profit	8,073	7,668	6,634	5,986	5,112	4,339	Upgrade
Selling, General & Admin	2,014	1,986	1,949	1,924	1,714	1,609	Upgrade
Research & Development	986.41	982.1	1,160	1,323	1,033	846.41	Upgrade
Other Operating Expenses	289.95	202.54	207.35	195.08	174.43	146.26	Upgrade
Operating Expenses	3,340	3,213	3,379	3,598	2,932	2,620	Upgrade
Operating Income	4,733	4,455	3,256	2,388	2,181	1,719	Upgrade
Interest Expense	-109.01	-119.94	-96.14	-75.33	-45.71	-77.65	Upgrade
Interest & Investment Income	416.28	443.36	463.21	400.33	327.9	330.84	Upgrade
Currency Exchange Gain (Loss)	4.57	6.8	9.22	40.84	-13.92	-39.8	Upgrade
Other Non Operating Income (Expenses)	-16.79	23.05	11.48	-6.65	-6.23	-10.62	Upgrade
EBT Excluding Unusual Items	5,028	4,809	3,644	2,747	2,443	1,922	Upgrade
Gain (Loss) on Sale of Investments	50.56	27.87	14.04	6.96	8.47	2.62	Upgrade
Gain (Loss) on Sale of Assets	60.63	51.2	0.83	2.24	3.07	0.69	Upgrade
Asset Writedown	-25.96	-40.95	-19.19	-43.43	-758.84	-46.63	Upgrade
Other Unusual Items	-340.79	-269.57	190.09	271.86	221.87	215.36	Upgrade
Pretax Income	4,775	4,580	3,854	2,984	1,920	2,098	Upgrade
Income Tax Expense	817.37	824	685.76	487.18	538.27	495.66	Upgrade
Earnings From Continuing Operations	3,957	3,756	3,168	2,497	1,381	1,602	Upgrade
Minority Interest in Earnings	-88.62	-99.63	-87.15	-81.04	-97.99	-80.67	Upgrade
Net Income	3,869	3,656	3,081	2,416	1,284	1,522	Upgrade
Net Income to Common	3,869	3,656	3,081	2,416	1,284	1,522	Upgrade
Net Income Growth	15.12%	18.66%	27.52%	88.25%	-15.65%	23.40%	Upgrade
Shares Outstanding (Basic)	10,162	10,164	10,165	10,165	10,162	10,164	Upgrade
Shares Outstanding (Diluted)	10,162	10,164	10,165	10,165	10,162	10,164	Upgrade
Shares Change (YoY)	-0.07%	-0.01%	0.00%	0.03%	-0.02%	10.13%	Upgrade
EPS (Basic)	0.38	0.36	0.30	0.24	0.13	0.15	Upgrade
EPS (Diluted)	0.38	0.36	0.30	0.24	0.13	0.15	Upgrade
EPS Growth	15.20%	18.67%	27.51%	88.20%	-15.63%	12.05%	Upgrade
Free Cash Flow	1,334	3,349	5,523	1,143	1,191	3,589	Upgrade
Free Cash Flow Per Share	0.13	0.33	0.54	0.11	0.12	0.35	Upgrade
Dividend Per Share	0.135	0.135	0.110	0.085	0.055	0.045	Upgrade
Dividend Growth	22.73%	22.73%	29.41%	54.55%	22.22%	21.62%	Upgrade
Gross Margin	15.10%	14.60%	13.46%	12.53%	13.20%	13.07%	Upgrade
Operating Margin	8.85%	8.48%	6.60%	5.00%	5.63%	5.18%	Upgrade
Profit Margin	7.23%	6.96%	6.25%	5.06%	3.31%	4.58%	Upgrade
Free Cash Flow Margin	2.49%	6.38%	11.20%	2.39%	3.08%	10.81%	Upgrade
EBITDA	6,481	6,213	4,854	3,986	3,738	3,238	Upgrade
EBITDA Margin	12.12%	11.83%	9.84%	8.34%	9.65%	9.75%	Upgrade
D&A For EBITDA	1,748	1,758	1,598	1,599	1,557	1,519	Upgrade
EBIT	4,733	4,455	3,256	2,388	2,181	1,719	Upgrade
EBIT Margin	8.85%	8.48%	6.60%	5.00%	5.63%	5.18%	Upgrade
Effective Tax Rate	17.12%	17.99%	17.79%	16.32%	28.04%	23.63%	Upgrade
Revenue as Reported	53,481	52,517	49,308	47,784	38,739	33,208	Upgrade
Advertising Expenses	-	15.49	21.58	8.73	8.78	5.58	Upgrade

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