SHA:601117 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	187,005	185,311	177,923	157,260	136,719	109,033
Other Revenue	537.36	537.36	443.88	462.24	573.31	426.43
Revenue	187,542	185,848	178,367	157,722	137,293	109,459
Revenue Growth (YoY)	3.34%	4.19%	13.09%	14.88%	25.43%	5.63%
Cost of Revenue	168,106	167,045	161,551	142,972	124,529	97,408
Gross Profit	19,436	18,803	16,816	14,750	12,764	12,052
Selling, General & Admin	4,199	4,049	3,470	3,048	2,877	2,648
Research & Development	6,976	6,534	6,164	5,453	4,739	3,802
Other Operating Expenses	570.06	534.01	520.47	497	375.64	271.61
Operating Expenses	12,127	11,703	10,491	9,141	8,047	7,212
Operating Income	7,309	7,100	6,325	5,609	4,717	4,840
Interest Expense	-271.34	-452.28	-467.46	-382.36	-371.92	-566.43
Interest & Investment Income	1,127	1,222	1,437	1,063	961	1,083
Currency Exchange Gain (Loss)	-53.19	-54.95	118.28	448.09	-384.99	-337.55
Other Non Operating Income (Expenses)	-413.35	-445.32	-440.65	-233.77	174.86	-555.63
EBT Excluding Unusual Items	7,698	7,370	6,973	6,504	5,096	4,464
Gain (Loss) on Sale of Investments	-37.76	-173.09	-304.49	-40.63	686.61	-47.38
Gain (Loss) on Sale of Assets	83.71	72.62	10.39	2.97	45.57	101.96
Asset Writedown	10.04	-0.49	-9.89	-2.42	-7.29	-3.77
Other Unusual Items	89.74	89.74	236.29	240.69	219.96	29.43
Pretax Income	7,844	7,359	6,905	6,705	6,041	4,544
Income Tax Expense	1,178	1,117	934.08	926.61	1,037	701.7
Earnings From Continuing Operations	6,667	6,242	5,971	5,778	5,004	3,842
Minority Interest in Earnings	-583.95	-553.94	-545.27	-362.74	-370.41	-183.32
Net Income	6,083	5,688	5,426	5,415	4,633	3,659
Preferred Dividends & Other Adjustments	-	-	-	-	-30.99	143.1
Net Income to Common	6,083	5,688	5,426	5,415	4,664	3,516
Net Income Growth	9.77%	4.83%	0.20%	16.87%	26.64%	19.52%
Shares Outstanding (Basic)	6,148	6,116	6,097	6,109	5,553	4,933
Shares Outstanding (Diluted)	6,148	6,116	6,097	6,109	5,553	4,933
Shares Change (YoY)	0.98%	0.32%	-0.21%	10.02%	12.57%	-
EPS (Basic)	0.99	0.93	0.89	0.89	0.84	0.71
EPS (Diluted)	0.99	0.93	0.89	0.89	0.84	0.71
EPS Growth	8.71%	4.49%	0.41%	5.52%	18.31%	14.52%
Free Cash Flow	5,890	5,702	5,800	-1,542	-1,590	7,451
Free Cash Flow Per Share	0.96	0.93	0.95	-0.25	-0.29	1.51
Dividend Per Share	0.286	0.186	0.178	0.177	0.146	0.223
Dividend Growth	60.67%	4.49%	0.56%	21.23%	-34.53%	19.25%
Gross Margin	10.36%	10.12%	9.43%	9.35%	9.30%	11.01%
Operating Margin	3.90%	3.82%	3.55%	3.56%	3.44%	4.42%
Profit Margin	3.24%	3.06%	3.04%	3.43%	3.40%	3.21%
Free Cash Flow Margin	3.14%	3.07%	3.25%	-0.98%	-1.16%	6.81%
EBITDA	8,791	8,556	7,747	6,891	5,878	5,974
EBITDA Margin	4.69%	4.60%	4.34%	4.37%	4.28%	5.46%
D&A For EBITDA	1,482	1,457	1,422	1,282	1,161	1,134
EBIT	7,309	7,100	6,325	5,609	4,717	4,840
EBIT Margin	3.90%	3.82%	3.55%	3.56%	3.44%	4.42%
Effective Tax Rate	15.01%	15.18%	13.53%	13.82%	17.17%	15.44%
Revenue as Reported	188,169	186,613	179,196	158,437	137,919	109,995
Advertising Expenses	-	6.29	4.64	-	-	-

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