SHA:600981 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	2015 - 2019
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	2015 - 2019
Operating Revenue	55,685	54,054	49,531	47,592	45,090	36,666	Upgrade
Other Revenue	179.4	179.4	243.59	167.53	188.91	141.29	Upgrade
Revenue	55,864	54,234	49,774	47,759	45,278	36,808	Upgrade
Revenue Growth (YoY)	6.18%	8.96%	4.22%	5.48%	23.01%	3.46%	Upgrade
Cost of Revenue	54,082	52,261	47,813	46,227	43,630	35,178	Upgrade
Gross Profit	1,782	1,973	1,961	1,532	1,649	1,630	Upgrade
Selling, General & Admin	1,309	1,370	1,453	1,377	1,365	1,229	Upgrade
Research & Development	35.95	49.6	36.8	33.59	38.93	35.38	Upgrade
Other Operating Expenses	93.18	110.56	86.48	167.18	135.49	38.99	Upgrade
Operating Expenses	1,531	1,623	1,603	1,657	1,576	1,344	Upgrade
Operating Income	251.45	349.79	358.26	-125.14	72.87	285.95	Upgrade
Interest Expense	-338.5	-392.17	-451.11	-427.6	-351.66	-453.93	Upgrade
Interest & Investment Income	77.16	65.68	103.24	137.19	431.66	530.32	Upgrade
Currency Exchange Gain (Loss)	63.49	63.49	54.44	101.21	80.13	4.07	Upgrade
Other Non Operating Income (Expenses)	3	-13.1	-15.16	-724.73	-134.77	-182.29	Upgrade
EBT Excluding Unusual Items	56.61	73.69	49.67	-1,039	98.24	184.12	Upgrade
Gain (Loss) on Sale of Investments	326.05	188.09	84.67	305.96	196.82	321.78	Upgrade
Gain (Loss) on Sale of Assets	0.35	6.94	-3.62	73.02	138.64	-7.98	Upgrade
Asset Writedown	-7.32	0	-1.07	-	-	-	Upgrade
Legal Settlements	-	-	-	-	-	-1.37	Upgrade
Other Unusual Items	39.89	39.89	49.28	50.91	41.92	59.51	Upgrade
Pretax Income	415.59	308.62	178.93	-609.17	475.62	556.07	Upgrade
Income Tax Expense	213.63	219.08	173.88	226.98	124.02	197.19	Upgrade
Earnings From Continuing Operations	201.96	89.54	5.06	-836.15	351.6	358.88	Upgrade
Minority Interest in Earnings	-47.1	-60.19	-83.87	336.23	-102.95	-121.28	Upgrade
Net Income	154.86	29.35	-78.81	-499.92	248.65	237.6	Upgrade
Net Income to Common	154.86	29.35	-78.81	-499.92	248.65	237.6	Upgrade
Net Income Growth	-	-	-	-	4.65%	-29.49%	Upgrade
Shares Outstanding (Basic)	3,040	2,935	1,970	2,272	2,260	2,160	Upgrade
Shares Outstanding (Diluted)	3,040	2,935	1,970	2,272	2,260	2,160	Upgrade
Shares Change (YoY)	43.35%	48.96%	-13.29%	0.53%	4.65%	-3.86%	Upgrade
EPS (Basic)	0.05	0.01	-0.04	-0.22	0.11	0.11	Upgrade
EPS (Diluted)	0.05	0.01	-0.04	-0.22	0.11	0.11	Upgrade
EPS Growth	-	-	-	-	-	-26.67%	Upgrade
Free Cash Flow	515.1	339.82	823.09	522.5	348.01	308.82	Upgrade
Free Cash Flow Per Share	0.17	0.12	0.42	0.23	0.15	0.14	Upgrade
Dividend Per Share	0.010	0.010	-	0.010	0.035	0.035	Upgrade
Dividend Growth	-	-	-	-71.43%	-	-30.00%	Upgrade
Gross Margin	3.19%	3.64%	3.94%	3.21%	3.64%	4.43%	Upgrade
Operating Margin	0.45%	0.65%	0.72%	-0.26%	0.16%	0.78%	Upgrade
Profit Margin	0.28%	0.05%	-0.16%	-1.05%	0.55%	0.65%	Upgrade
Free Cash Flow Margin	0.92%	0.63%	1.65%	1.09%	0.77%	0.84%	Upgrade
EBITDA	403.93	503.16	512.81	30.49	227.63	448.97	Upgrade
EBITDA Margin	0.72%	0.93%	1.03%	0.06%	0.50%	1.22%	Upgrade
D&A For EBITDA	152.48	153.37	154.56	155.63	154.75	163.02	Upgrade
EBIT	251.45	349.79	358.26	-125.14	72.87	285.95	Upgrade
EBIT Margin	0.45%	0.65%	0.72%	-0.26%	0.16%	0.78%	Upgrade
Effective Tax Rate	51.40%	70.99%	97.17%	-	26.07%	35.46%	Upgrade
Revenue as Reported	55,864	54,234	49,774	47,759	45,278	36,808	Upgrade
Advertising Expenses	-	-	-	-	-	8.81	Upgrade

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