SHA:601512 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	3,278	2,663	3,617	4,712	3,897	3,403
Other Revenue	22.11	22.11	39.46	29.45	20.05	11.12
Revenue	3,300	2,685	3,657	4,742	3,917	3,414
Revenue Growth (YoY)	8.91%	-26.57%	-22.89%	21.05%	14.74%	-35.71%
Cost of Revenue	1,927	1,332	1,800	2,013	1,572	1,223
Gross Profit	1,373	1,353	1,857	2,729	2,345	2,192
Selling, General & Admin	286.17	284.45	298.99	268.48	261.06	251.48
Research & Development	14.97	16.38	19.03	13.03	14.35	6.27
Other Operating Expenses	229.83	179.25	156.28	11.59	127.58	49.89
Operating Expenses	549.88	486.73	468.77	279.95	406.16	340.42
Operating Income	823.02	866.58	1,388	2,449	1,939	1,851
Interest Expense	-232.81	-249.29	-230.11	-223.37	-105.35	-100.74
Interest & Investment Income	376.82	330.61	410.33	446.74	391.75	317.51
Currency Exchange Gain (Loss)	-0.86	-0.86	-0.75	-4.35	0.92	2.99
Other Non Operating Income (Expenses)	-15.29	-20.87	-2.61	-0.87	-18.89	-8.32
EBT Excluding Unusual Items	950.88	926.18	1,565	2,667	2,208	2,063
Impairment of Goodwill	-76.81	-76.81	-43.83	-28.73	-	-13.7
Gain (Loss) on Sale of Investments	159.21	-7.86	326.05	131.84	220.3	3.83
Gain (Loss) on Sale of Assets	36.16	35.73	11.04	-0.17	34.93	-2.95
Asset Writedown	-163.19	-165.67	-75.79	-9.29	-30.49	-43.92
Other Unusual Items	191.78	120.29	229.48	90.89	81.4	72.24
Pretax Income	1,098	831.87	2,012	2,852	2,514	2,078
Income Tax Expense	251.19	207.93	481.72	668.75	517.48	459.4
Earnings From Continuing Operations	846.83	623.94	1,530	2,183	1,996	1,619
Minority Interest in Earnings	-52.02	13.16	-168.05	-575.44	-474.36	-311.25
Net Income	794.81	637.1	1,362	1,608	1,522	1,307
Net Income to Common	794.81	637.1	1,362	1,608	1,522	1,307
Net Income Growth	-20.80%	-53.22%	-15.29%	5.64%	16.40%	20.67%
Shares Outstanding (Basic)	1,493	1,482	1,497	1,503	1,492	1,503
Shares Outstanding (Diluted)	1,493	1,482	1,497	1,503	1,492	1,503
Shares Change (YoY)	-0.00%	-1.00%	-0.40%	0.71%	-0.72%	10.96%
EPS (Basic)	0.53	0.43	0.91	1.07	1.02	0.87
EPS (Diluted)	0.53	0.43	0.91	1.07	1.02	0.87
EPS Growth	-20.80%	-52.75%	-14.95%	4.90%	17.24%	8.75%
Free Cash Flow	758.85	360.69	811.41	439.77	-553.74	-1,653
Free Cash Flow Per Share	0.51	0.24	0.54	0.29	-0.37	-1.10
Dividend Per Share	0.128	0.128	0.273	0.322	0.305	0.262
Dividend Growth	-53.11%	-53.11%	-15.22%	5.57%	16.41%	19.09%
Gross Margin	41.60%	50.40%	50.78%	57.55%	59.87%	64.19%
Operating Margin	24.94%	32.27%	37.96%	51.65%	49.50%	54.22%
Profit Margin	24.08%	23.73%	37.25%	33.91%	38.85%	38.30%
Free Cash Flow Margin	22.99%	13.43%	22.19%	9.27%	-14.14%	-48.43%
EBITDA	1,323	1,323	1,787	2,819	2,298	2,186
EBITDA Margin	40.09%	49.29%	48.87%	59.45%	58.67%	64.02%
D&A For EBITDA	500	456.79	399.16	369.97	358.94	334.4
EBIT	823.02	866.58	1,388	2,449	1,939	1,851
EBIT Margin	24.94%	32.27%	37.96%	51.65%	49.50%	54.22%
Effective Tax Rate	22.88%	25.00%	23.95%	23.45%	20.59%	22.11%
Revenue as Reported	3,300	2,685	3,657	4,742	3,917	3,414

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