SHA:601686 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	48,149	50,227	55,422	61,923	62,865	45,913
Other Revenue	4,595	4,595	5,497	5,438	4,001	2,505
Revenue	52,744	54,822	60,918	67,360	66,866	48,419
Revenue Growth (YoY)	-3.64%	-10.01%	-9.56%	0.74%	38.10%	8.20%
Cost of Revenue	50,754	53,213	59,189	66,198	65,236	46,187
Gross Profit	1,989	1,609	1,729	1,163	1,630	2,231
Selling, General & Admin	652.47	557.24	577.62	487.83	469.81	438.15
Research & Development	123.74	145.31	91.76	22.43	24.15	5.91
Other Operating Expenses	-13	49.25	129.69	153.96	102.17	92.42
Operating Expenses	864.65	860.46	861.87	669.56	614.51	544.3
Operating Income	1,125	748.16	866.92	493.13	1,015	1,687
Interest Expense	-151.89	-186.3	-196.46	-192.76	-127.04	-88.99
Interest & Investment Income	160.52	126.68	64.74	58.34	37.92	29.64
Currency Exchange Gain (Loss)	2.52	2.52	0.16	-	-	-0
Other Non Operating Income (Expenses)	-42.64	-31.82	-8.1	-17.42	-9.42	-4.82
EBT Excluding Unusual Items	1,093	659.24	727.27	341.28	916.53	1,623
Gain (Loss) on Sale of Investments	-37.47	-19.8	-20.2	-21.84	-111.74	-86.9
Gain (Loss) on Sale of Assets	-8.82	-9.88	-4.63	-8.87	-10.19	-7.93
Asset Writedown	2.49	-15.51	-	-	-	-
Other Unusual Items	73.8	73.8	48.8	62.38	40.1	39.66
Pretax Income	1,123	687.84	751.24	372.95	834.7	1,568
Income Tax Expense	216.06	205.74	179.25	154.38	254.82	390.86
Earnings From Continuing Operations	907.19	482.1	572	218.57	579.88	1,177
Minority Interest in Earnings	-81.35	-57.32	-2.13	78.46	34.26	-33.75
Net Income	825.84	424.78	569.87	297.03	614.14	1,143
Net Income to Common	825.84	424.78	569.87	297.03	614.14	1,143
Net Income Growth	255.52%	-25.46%	91.85%	-51.63%	-46.27%	32.20%
Shares Outstanding (Basic)	1,384	1,416	1,425	1,414	1,428	1,284
Shares Outstanding (Diluted)	1,384	1,416	1,425	1,414	1,428	1,284
Shares Change (YoY)	-3.94%	-0.61%	0.72%	-0.97%	11.21%	1.01%
EPS (Basic)	0.60	0.30	0.40	0.21	0.43	0.89
EPS (Diluted)	0.60	0.30	0.40	0.21	0.43	0.89
EPS Growth	270.09%	-25.00%	90.48%	-51.16%	-51.69%	30.88%
Free Cash Flow	-555.85	969.82	6.68	-696.12	-1,536	-320.98
Free Cash Flow Per Share	-0.40	0.69	0.01	-0.49	-1.07	-0.25
Dividend Per Share	0.450	0.300	0.300	0.150	0.150	0.450
Dividend Growth	200.00%	-	100.00%	-	-66.67%	87.50%
Gross Margin	3.77%	2.93%	2.84%	1.73%	2.44%	4.61%
Operating Margin	2.13%	1.36%	1.42%	0.73%	1.52%	3.48%
Profit Margin	1.57%	0.78%	0.94%	0.44%	0.92%	2.36%
Free Cash Flow Margin	-1.05%	1.77%	0.01%	-1.03%	-2.30%	-0.66%
EBITDA	1,695	1,299	1,393	936.28	1,317	1,916
EBITDA Margin	3.21%	2.37%	2.29%	1.39%	1.97%	3.96%
D&A For EBITDA	569.86	551.16	526.22	443.15	301.96	229.27
EBIT	1,125	748.16	866.92	493.13	1,015	1,687
EBIT Margin	2.13%	1.36%	1.42%	0.73%	1.52%	3.48%
Effective Tax Rate	19.23%	29.91%	23.86%	41.39%	30.53%	24.93%
Revenue as Reported	52,744	54,822	60,918	67,360	66,866	48,419
Advertising Expenses	-	19.09	14.97	17.21	27.92	33.59

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