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

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