SHA:601018 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	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	2015 - 2019
Operating Revenue	28,692	28,321	25,540	25,632	23,128	21,322	Upgrade
Other Revenue	452.65	381.32	453.34	331.81	-	221.08	Upgrade
Revenue	29,145	28,702	25,993	25,963	23,128	21,543	Upgrade
Revenue Growth (YoY)	3.91%	10.42%	0.11%	12.26%	7.35%	-14.93%	Upgrade
Cost of Revenue	20,492	20,308	18,327	18,120	15,647	15,393	Upgrade
Gross Profit	8,653	8,394	7,666	7,843	7,481	6,150	Upgrade
Selling, General & Admin	2,948	2,803	2,680	2,542	2,272	2,029	Upgrade
Research & Development	417.94	402.59	259.13	195.42	137.66	52.94	Upgrade
Other Operating Expenses	55.92	129.38	-48.69	123.98	217.64	-176.7	Upgrade
Operating Expenses	3,421	3,339	2,886	2,856	2,576	1,906	Upgrade
Operating Income	5,232	5,055	4,780	4,987	4,905	4,244	Upgrade
Interest Expense	-217.09	-289.81	-409.34	-584.59	-570.48	-563.08	Upgrade
Interest & Investment Income	1,983	2,018	1,680	1,030	1,147	844.97	Upgrade
Currency Exchange Gain (Loss)	-0.13	7.62	-15.64	33	-6.02	25.99	Upgrade
Other Non Operating Income (Expenses)	-54.47	-45.39	58.17	9.05	-3.47	64.22	Upgrade
EBT Excluding Unusual Items	6,943	6,746	6,093	5,474	5,471	4,616	Upgrade
Gain (Loss) on Sale of Investments	1.2	3.87	-7.36	-19.1	10.38	-30.05	Upgrade
Gain (Loss) on Sale of Assets	214.6	5.56	47.31	214.92	-24.26	10.59	Upgrade
Asset Writedown	-	-	-	-9.15	-	-	Upgrade
Legal Settlements	-	-	-	-	-17.43	-	Upgrade
Other Unusual Items	285.72	165.48	137.6	349.95	517.63	237.59	Upgrade
Pretax Income	7,444	6,921	6,271	6,011	5,958	4,834	Upgrade
Income Tax Expense	1,625	1,512	1,100	1,339	1,178	988.81	Upgrade
Earnings From Continuing Operations	5,819	5,409	5,171	4,672	4,780	3,845	Upgrade
Minority Interest in Earnings	-556.37	-511.23	-502.56	-445.72	-448.39	-347.9	Upgrade
Net Income	5,263	4,898	4,668	4,227	4,332	3,497	Upgrade
Net Income to Common	5,263	4,898	4,668	4,227	4,332	3,497	Upgrade
Net Income Growth	12.02%	4.91%	10.45%	-2.43%	23.85%	4.75%	Upgrade
Shares Outstanding (Basic)	19,454	19,454	19,454	16,719	15,807	14,051	Upgrade
Shares Outstanding (Diluted)	19,454	19,454	19,454	16,719	15,807	14,051	Upgrade
Shares Change (YoY)	-	-	16.36%	5.77%	12.50%	6.67%	Upgrade
EPS (Basic)	0.27	0.25	0.24	0.25	0.27	0.25	Upgrade
EPS (Diluted)	0.27	0.25	0.24	0.25	0.27	0.25	Upgrade
EPS Growth	12.50%	4.18%	-4.01%	-7.41%	8.47%	-0.44%	Upgrade
Free Cash Flow	4,075	1,557	-1,545	-1,304	1,671	2,286	Upgrade
Free Cash Flow Per Share	0.21	0.08	-0.08	-0.08	0.11	0.16	Upgrade
Dividend Per Share	0.138	0.108	0.091	0.087	0.090	0.082	Upgrade
Dividend Growth	51.65%	18.68%	4.60%	-3.33%	9.76%	-17.17%	Upgrade
Gross Margin	29.69%	29.24%	29.49%	30.21%	32.35%	28.55%	Upgrade
Operating Margin	17.95%	17.61%	18.39%	19.21%	21.21%	19.70%	Upgrade
Profit Margin	18.06%	17.06%	17.96%	16.28%	18.73%	16.23%	Upgrade
Free Cash Flow Margin	13.98%	5.43%	-5.94%	-5.02%	7.22%	10.61%	Upgrade
EBITDA	9,334	9,156	8,374	8,125	7,771	7,056	Upgrade
EBITDA Margin	32.02%	31.90%	32.21%	31.30%	33.60%	32.75%	Upgrade
D&A For EBITDA	4,102	4,101	3,594	3,138	2,866	2,812	Upgrade
EBIT	5,232	5,055	4,780	4,987	4,905	4,244	Upgrade
EBIT Margin	17.95%	17.61%	18.39%	19.21%	21.21%	19.70%	Upgrade
Effective Tax Rate	21.83%	21.84%	17.54%	22.27%	19.77%	20.46%	Upgrade
Revenue as Reported	29,145	28,702	25,993	25,963	23,128	21,543	Upgrade

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