SHA:601138 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	775,773	608,215	474,930	510,534	438,345	430,766
Other Revenue	920.8	920.8	1,410	1,316	1,212	1,020
Revenue	776,694	609,135	476,340	511,850	439,557	431,786
Revenue Growth (YoY)	33.02%	27.88%	-6.94%	16.45%	1.80%	5.65%
Cost of Revenue	722,607	566,116	438,693	475,964	403,868	397,257
Gross Profit	54,087	43,019	37,648	35,886	35,689	34,529
Selling, General & Admin	7,269	6,160	5,224	4,896	5,078	5,374
Research & Development	10,954	10,481	10,652	11,361	10,392	9,753
Other Operating Expenses	1,046	662.56	380.73	486.12	595.88	723.24
Operating Expenses	19,559	17,289	16,158	16,585	15,946	15,970
Operating Income	34,528	25,730	21,489	19,301	19,743	18,559
Interest Expense	-2,720	-2,327	-2,482	-1,482	-492.43	-589.49
Interest & Investment Income	1,151	1,672	2,293	1,852	2,773	1,982
Currency Exchange Gain (Loss)	1,324	1,324	793.5	388.14	-458.35	-803.77
Other Non Operating Income (Expenses)	192.23	-109.05	-4.6	-2.01	-70.94	-23.04
EBT Excluding Unusual Items	34,476	26,290	22,090	20,057	21,494	19,124
Gain (Loss) on Sale of Investments	-1,180	-1,469	-402.52	-70.11	-481.48	312.83
Gain (Loss) on Sale of Assets	306.55	57.51	101.41	-13.17	13.59	34.09
Asset Writedown	473.17	-	-	-	-10.74	-1,339
Other Unusual Items	1,220	1,003	1,304	1,942	1,285	1,588
Pretax Income	35,388	25,974	23,124	21,963	22,318	19,746
Income Tax Expense	4,761	2,719	2,106	1,879	2,293	2,319
Earnings From Continuing Operations	30,627	23,255	21,018	20,084	20,025	17,427
Minority Interest in Earnings	-64.4	-38.54	21.88	-10.82	-14.99	4.09
Net Income	30,562	23,216	21,040	20,073	20,010	17,431
Net Income to Common	30,562	23,216	21,040	20,073	20,010	17,431
Net Income Growth	34.66%	10.34%	4.82%	0.32%	14.79%	-6.32%
Shares Outstanding (Basic)	19,826	19,843	19,849	19,679	19,812	19,808
Shares Outstanding (Diluted)	19,826	19,843	19,849	19,679	19,812	19,808
Shares Change (YoY)	-0.46%	-0.03%	0.86%	-0.67%	0.02%	0.07%
EPS (Basic)	1.54	1.17	1.06	1.02	1.01	0.88
EPS (Diluted)	1.54	1.17	1.06	1.02	1.01	0.88
EPS Growth	35.28%	10.38%	3.92%	0.99%	14.77%	-6.38%
Free Cash Flow	1,932	12,539	33,894	7,272	2,689	4,087
Free Cash Flow Per Share	0.10	0.63	1.71	0.37	0.14	0.21
Dividend Per Share	0.970	0.640	0.580	0.550	0.500	0.250
Dividend Growth	67.24%	10.35%	5.46%	10.00%	100.00%	25.00%
Gross Margin	6.96%	7.06%	7.90%	7.01%	8.12%	8.00%
Operating Margin	4.45%	4.22%	4.51%	3.77%	4.49%	4.30%
Profit Margin	3.94%	3.81%	4.42%	3.92%	4.55%	4.04%
Free Cash Flow Margin	0.25%	2.06%	7.12%	1.42%	0.61%	0.95%
EBITDA	38,115	29,687	25,939	22,521	22,259	20,992
EBITDA Margin	4.91%	4.87%	5.45%	4.40%	5.06%	4.86%
D&A For EBITDA	3,587	3,956	4,449	3,220	2,516	2,433
EBIT	34,528	25,730	21,489	19,301	19,743	18,559
EBIT Margin	4.45%	4.22%	4.51%	3.77%	4.49%	4.30%
Effective Tax Rate	13.45%	10.47%	9.11%	8.56%	10.27%	11.74%
Revenue as Reported	776,694	609,135	476,340	511,850	439,557	431,786
Advertising Expenses	-	36.1	37.91	49.8	46.1	91.44

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