SHA:600970 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	47,182	45,916	45,582	42,554	36,243	30,323
Other Revenue	211.74	211.74	217.08	272.16	292.44	215.69
Revenue	47,394	46,127	45,799	42,826	36,535	30,538
Revenue Growth (YoY)	2.99%	0.72%	6.94%	17.22%	19.64%	25.29%
Cost of Revenue	38,685	37,103	36,923	35,420	30,265	25,420
Gross Profit	8,709	9,024	8,876	7,406	6,270	5,118
Selling, General & Admin	2,926	2,904	2,701	2,523	2,167	1,852
Research & Development	1,756	1,763	1,842	1,627	1,183	874.87
Other Operating Expenses	158.34	183.57	184.29	100.38	127.68	122.87
Operating Expenses	5,340	5,151	5,031	4,344	3,581	2,968
Operating Income	3,368	3,874	3,845	3,062	2,688	2,149
Interest Expense	-207.12	-244.49	-295.15	-240.84	-286.79	-207.01
Interest & Investment Income	404.14	337.51	333.02	312.91	494.58	626.4
Currency Exchange Gain (Loss)	-251.18	-251.18	-227.34	175.4	-368.34	-214.33
Other Non Operating Income (Expenses)	302.41	-89.56	-52.28	-58.24	-99.82	-173.76
EBT Excluding Unusual Items	3,617	3,626	3,603	3,251	2,428	2,181
Merger & Restructuring Charges	-14.54	-14.54	-14.09	-15.49	-	-
Impairment of Goodwill	-41.45	-41.45	-136.04	-67.77	-49.57	-162.98
Gain (Loss) on Sale of Investments	29.4	7.5	45.82	-19.65	0.27	10.87
Gain (Loss) on Sale of Assets	158.23	74.23	17.63	29.78	7.58	6.06
Asset Writedown	-40.69	-3.33	-5.68	5.49	-19.93	-10.26
Legal Settlements	-	-	-	-	-	-57.62
Other Unusual Items	129.65	129.65	186.87	66.1	57.31	101.31
Pretax Income	3,837	3,778	3,698	3,250	2,424	2,068
Income Tax Expense	557.19	554.75	511.42	425.18	377.16	372.77
Earnings From Continuing Operations	3,280	3,223	3,186	2,824	2,047	1,695
Minority Interest in Earnings	-283.06	-240.03	-270.31	-283.2	-234.23	-173.97
Net Income	2,997	2,983	2,916	2,541	1,812	1,521
Net Income to Common	2,997	2,983	2,916	2,541	1,812	1,521
Net Income Growth	0.78%	2.31%	14.74%	40.22%	19.13%	-4.44%
Shares Outstanding (Basic)	2,630	2,617	2,603	2,593	2,210	2,205
Shares Outstanding (Diluted)	2,630	2,617	2,603	2,593	2,210	2,205
Shares Change (YoY)	0.80%	0.51%	0.40%	17.32%	0.24%	27.42%
EPS (Basic)	1.14	1.14	1.12	0.98	0.82	0.69
EPS (Diluted)	1.14	1.14	1.12	0.98	0.82	0.69
EPS Growth	-0.02%	1.79%	14.29%	19.51%	18.84%	-25.00%
Free Cash Flow	1,300	1,549	2,577	-78.9	1,818	1,736
Free Cash Flow Per Share	0.49	0.59	0.99	-0.03	0.82	0.79
Dividend Per Share	0.450	0.450	0.400	0.300	0.230	0.230
Dividend Growth	12.50%	12.50%	33.33%	30.44%	-	-23.59%
Gross Margin	18.38%	19.56%	19.38%	17.29%	17.16%	16.76%
Operating Margin	7.11%	8.40%	8.39%	7.15%	7.36%	7.04%
Profit Margin	6.32%	6.47%	6.37%	5.93%	4.96%	4.98%
Free Cash Flow Margin	2.74%	3.36%	5.63%	-0.18%	4.98%	5.68%
EBITDA	3,894	4,370	4,302	3,455	3,025	2,520
EBITDA Margin	8.21%	9.47%	9.39%	8.07%	8.28%	8.25%
D&A For EBITDA	525.17	496.15	457.46	393.6	336.19	370.56
EBIT	3,368	3,874	3,845	3,062	2,688	2,149
EBIT Margin	7.11%	8.40%	8.39%	7.15%	7.36%	7.04%
Effective Tax Rate	14.52%	14.68%	13.83%	13.08%	15.56%	18.02%
Revenue as Reported	47,394	46,127	45,799	42,826	36,535	30,538
Advertising Expenses	-	22.66	17.52	19.37	11.47	12.83

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