SHA:601112 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,439	5,124	5,267
Revenue Growth (YoY)	-13.37%	-2.72%	-
Cost of Revenue	3,279	3,788	4,010
Gross Profit	1,159	1,336	1,258
Selling, General & Admin	238.48	216.11	168.79
Research & Development	160.58	170.02	162.29
Other Operating Expenses	1.53	-42.46	-13.77
Operating Expenses	422.54	332.3	345.46
Operating Income	736.85	1,004	912.33
Interest Expense	-125.65	-141.91	-99.37
Interest & Investment Income	27.59	34.35	43.21
Currency Exchange Gain (Loss)	81.04	24.31	76.93
Other Non Operating Income (Expenses)	-4.84	-1.01	-4.23
EBT Excluding Unusual Items	714.99	919.68	928.87
Gain (Loss) on Sale of Investments	1.61	-4.48	-2.07
Gain (Loss) on Sale of Assets	0.24	0.13	0.96
Asset Writedown	-0.42	-0.15	-0.11
Pretax Income	716.42	915.18	927.65
Income Tax Expense	106.37	121.79	146.21
Earnings From Continuing Operations	610.05	793.39	781.44
Minority Interest in Earnings	-1.83	-3.23	-7
Net Income	608.22	790.16	774.45
Net Income to Common	608.22	790.16	774.45
Net Income Growth	-23.03%	2.03%	-
Shares Outstanding (Basic)	1,483	1,295	922
Shares Outstanding (Diluted)	1,483	1,295	922
Shares Change (YoY)	14.52%	40.50%	-
EPS (Basic)	0.41	0.61	0.84
EPS (Diluted)	0.41	0.61	0.84
EPS Growth	-32.79%	-27.38%	-
Free Cash Flow	-825.03	-1,178	-731.89
Free Cash Flow Per Share	-0.56	-0.91	-0.79
Gross Margin	26.12%	26.08%	23.88%
Operating Margin	16.60%	19.59%	17.32%
Profit Margin	13.70%	15.42%	14.70%
Free Cash Flow Margin	-18.59%	-22.99%	-13.89%
EBITDA	938.97	1,173	1,069
EBITDA Margin	21.15%	22.89%	20.29%
D&A For EBITDA	202.12	169.08	156.3
EBIT	736.85	1,004	912.33
EBIT Margin	16.60%	19.59%	17.32%
Effective Tax Rate	14.85%	13.31%	15.76%
Advertising Expenses	5.46	2.96	3.3

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