SHA:601669 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	644,714	631,754	606,531	569,504	562,779	399,522
Other Revenue	1,997	1,997	2,408	2,213	2,340	1,662
Revenue	646,711	633,751	608,939	571,716	565,119	401,184
Revenue Growth (YoY)	5.26%	4.08%	6.51%	1.17%	40.86%	15.27%
Cost of Revenue	565,612	550,134	528,360	501,879	497,263	344,541
Gross Profit	81,099	83,618	80,580	69,837	67,857	56,642
Selling, General & Admin	21,307	20,746	19,778	18,015	17,154	12,557
Research & Development	24,051	24,254	23,250	20,801	19,594	15,269
Other Operating Expenses	1,623	1,600	1,387	1,443	1,607	1,740
Operating Expenses	51,620	52,182	48,210	42,967	41,077	31,879
Operating Income	29,479	31,435	32,369	26,870	26,780	24,763
Interest Expense	-15,227	-15,120	-14,947	-13,307	-12,938	-10,301
Interest & Investment Income	7,050	6,434	7,312	6,622	7,214	7,289
Currency Exchange Gain (Loss)	383.53	379.99	-427.79	1,734	-1,616	-2,306
Other Non Operating Income (Expenses)	-3,951	-4,100	-3,787	-2,643	-1,848	-1,880
EBT Excluding Unusual Items	17,735	19,030	20,519	19,277	17,592	17,567
Impairment of Goodwill	-14.57	-14.57	-	-5.75	-214.14	-465.9
Gain (Loss) on Sale of Investments	14.8	31.64	3.85	-46.59	-30.48	19.77
Gain (Loss) on Sale of Assets	144.51	833.61	234.56	226.34	1,091	130.01
Asset Writedown	58.35	-458.85	-57.42	-485	-140.06	-1,150
Other Unusual Items	109.46	109.46	175.72	281.02	267.93	106.31
Pretax Income	18,048	19,531	20,876	19,247	18,566	16,207
Income Tax Expense	3,904	3,705	3,730	3,564	3,702	3,471
Earnings From Continuing Operations	14,144	15,826	17,146	15,683	14,864	12,736
Minority Interest in Earnings	-3,433	-3,811	-4,197	-4,248	-5,000	-4,749
Net Income	10,711	12,015	12,949	11,435	9,864	7,987
Net Income to Common	10,711	12,015	12,949	11,435	9,864	7,987
Net Income Growth	-12.46%	-7.21%	13.24%	15.92%	23.50%	10.33%
Shares Outstanding (Basic)	19,049	18,930	19,039	16,747	17,031	17,243
Shares Outstanding (Diluted)	19,049	18,930	19,039	16,747	17,031	17,243
Shares Change (YoY)	-0.40%	-0.57%	13.69%	-1.67%	-1.23%	8.78%
EPS (Basic)	0.56	0.63	0.68	0.68	0.58	0.46
EPS (Diluted)	0.56	0.63	0.68	0.68	0.58	0.46
EPS Growth	-12.11%	-6.68%	-0.40%	17.89%	25.04%	1.42%
Free Cash Flow	-12,951	-34,545	-51,495	-26,919	-22,022	-28,236
Free Cash Flow Per Share	-0.68	-1.82	-2.71	-1.61	-1.29	-1.64
Dividend Per Share	0.127	0.127	0.136	0.120	0.100	0.093
Dividend Growth	-6.99%	-6.99%	13.68%	20.59%	7.48%	133.00%
Gross Margin	12.54%	13.19%	13.23%	12.21%	12.01%	14.12%
Operating Margin	4.56%	4.96%	5.32%	4.70%	4.74%	6.17%
Profit Margin	1.66%	1.90%	2.13%	2.00%	1.75%	1.99%
Free Cash Flow Margin	-2.00%	-5.45%	-8.46%	-4.71%	-3.90%	-7.04%
EBITDA	49,146	50,112	49,726	41,986	39,610	34,178
EBITDA Margin	7.60%	7.91%	8.17%	7.34%	7.01%	8.52%
D&A For EBITDA	19,667	18,677	17,356	15,115	12,830	9,415
EBIT	29,479	31,435	32,369	26,870	26,780	24,763
EBIT Margin	4.56%	4.96%	5.32%	4.70%	4.74%	6.17%
Effective Tax Rate	21.63%	18.97%	17.87%	18.52%	19.94%	21.42%
Revenue as Reported	647,311	634,552	609,844	572,613	565,653	401,955

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