SHA:601611 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	107,756	112,747	108,147	98,022	82,712	72,336
Other Revenue	793.98	793.98	1,238	1,116	1,008	478.05
Revenue	108,550	113,541	109,385	99,138	83,720	72,814
Revenue Growth (YoY)	-1.07%	3.80%	10.34%	18.42%	14.98%	14.24%
Cost of Revenue	95,631	100,252	96,981	89,164	75,428	65,852
Gross Profit	12,919	13,289	12,404	9,974	8,291	6,963
Selling, General & Admin	2,760	2,679	2,553	2,223	2,055	1,887
Research & Development	3,035	3,184	2,837	1,629	1,377	956.76
Other Operating Expenses	311.89	253.9	228.23	252.36	180.75	166.34
Operating Expenses	8,058	8,119	7,476	5,037	4,677	3,818
Operating Income	4,860	5,171	4,928	4,937	3,614	3,145
Interest Expense	-2,395	-2,617	-2,735	-2,153	-1,501	-1,379
Interest & Investment Income	858.64	1,203	1,383	869.4	1,203	1,073
Currency Exchange Gain (Loss)	20.42	20.42	-38.35	32.7	-24.04	-118.66
Other Non Operating Income (Expenses)	-400.6	-502.83	-485.7	-507.8	-574.04	-625.7
EBT Excluding Unusual Items	2,944	3,274	3,052	3,178	2,718	2,095
Impairment of Goodwill	-	-	-4.24	-	-6.4	-
Gain (Loss) on Sale of Investments	-49.12	-48.54	-12.78	-289.92	48.04	-10.62
Gain (Loss) on Sale of Assets	26.37	15.05	-1.91	-11.58	12.56	15.42
Asset Writedown	-8.05	-0.24	-5.08	-11.25	-	8.15
Legal Settlements	-8.12	-8.12	-7.47	-11.86	-24.67	-14.21
Other Unusual Items	-87.46	-87.46	73.18	124.09	-76.72	77.54
Pretax Income	2,818	3,145	3,094	2,977	2,671	2,171
Income Tax Expense	454.22	354.27	311.04	499.76	472.49	419.06
Earnings From Continuing Operations	2,364	2,791	2,783	2,477	2,198	1,752
Net Income to Company	2,364	2,791	2,783	2,477	2,198	1,752
Minority Interest in Earnings	-648.1	-726.43	-719.77	-700.15	-665.66	-392.38
Net Income	1,716	2,064	2,063	1,777	1,533	1,360
Net Income to Common	1,716	2,064	2,063	1,777	1,533	1,360
Net Income Growth	-18.55%	0.07%	16.07%	15.96%	12.70%	12.68%
Shares Outstanding (Basic)	3,377	3,559	3,496	3,118	3,128	3,163
Shares Outstanding (Diluted)	3,384	3,621	3,619	3,231	3,193	3,238
Shares Change (YoY)	-8.37%	0.07%	12.00%	1.20%	-1.38%	4.63%
EPS (Basic)	0.51	0.58	0.59	0.57	0.49	0.43
EPS (Diluted)	0.51	0.57	0.57	0.55	0.48	0.42
EPS Growth	-11.11%	-	3.64%	14.58%	14.29%	7.69%
Free Cash Flow	-6,537	-5,086	-3,415	-9,913	-5,606	-5,849
Free Cash Flow Per Share	-1.93	-1.40	-0.94	-3.07	-1.76	-1.81
Dividend Per Share	0.104	0.094	0.087	0.079	0.072	0.065
Dividend Growth	19.54%	8.05%	10.13%	9.72%	10.77%	16.07%
Gross Margin	11.90%	11.70%	11.34%	10.06%	9.90%	9.56%
Operating Margin	4.48%	4.55%	4.50%	4.98%	4.32%	4.32%
Profit Margin	1.58%	1.82%	1.89%	1.79%	1.83%	1.87%
Free Cash Flow Margin	-6.02%	-4.48%	-3.12%	-10.00%	-6.70%	-8.03%
EBITDA	9,426	9,279	8,428	7,065	5,302	3,739
EBITDA Margin	8.68%	8.17%	7.70%	7.13%	6.33%	5.13%
D&A For EBITDA	4,565	4,109	3,500	2,128	1,688	594.62
EBIT	4,860	5,171	4,928	4,937	3,614	3,145
EBIT Margin	4.48%	4.55%	4.50%	4.98%	4.32%	4.32%
Effective Tax Rate	16.12%	11.27%	10.05%	16.79%	17.69%	19.30%
Revenue as Reported	108,550	113,541	109,385	99,138	83,720	72,814

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