SHA:601888 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	52,602	55,760	66,576	54,006	66,941	52,069
Other Revenue	713.36	713.36	964.42	427.24	734.2	528.55
Revenue	53,315	56,474	67,540	54,433	67,676	52,598
Revenue Growth (YoY)	-10.73%	-16.38%	24.08%	-19.57%	28.67%	8.20%
Cost of Revenue	37,245	39,127	46,687	39,573	45,381	32,129
Gross Profit	16,070	17,347	20,853	14,860	22,294	20,468
Selling, General & Admin	10,614	11,052	11,629	6,241	6,111	10,485
Research & Development	78.84	19.87	58.42	39.03	-	-
Other Operating Expenses	1,247	1,268	1,644	1,215	1,839	1,083
Operating Expenses	11,943	12,340	13,332	7,496	7,950	11,563
Operating Income	4,127	5,007	7,520	7,365	14,344	8,906
Interest Expense	-189.95	-202.5	-297.89	-194.18	-221.86	-16.89
Interest & Investment Income	1,077	1,223	1,132	469.99	389.31	264.6
Currency Exchange Gain (Loss)	115.27	115.27	291.06	-190.12	283.43	536.99
Other Non Operating Income (Expenses)	-83.07	-146.19	-166.69	-136.15	-269.51	-232.98
EBT Excluding Unusual Items	5,047	5,996	8,479	7,314	14,526	9,458
Gain (Loss) on Sale of Investments	-53.63	-	-	-	-	-
Gain (Loss) on Sale of Assets	56.28	23.62	28.53	9.08	0.82	-0.4
Asset Writedown	8.4	-	-0.27	-	-	-
Other Unusual Items	61.55	128.24	137.98	293.62	275.07	214.39
Pretax Income	5,119	6,148	8,646	7,617	14,801	9,672
Income Tax Expense	1,104	1,286	1,379	1,429	2,437	2,335
Earnings From Continuing Operations	4,015	4,862	7,266	6,188	12,365	7,336
Minority Interest in Earnings	-615.3	-595.38	-552.53	-1,158	-2,711	-1,197
Net Income	3,400	4,267	6,714	5,030	9,654	6,140
Net Income to Common	3,400	4,267	6,714	5,030	9,654	6,140
Net Income Growth	-37.35%	-36.44%	33.46%	-47.89%	57.23%	32.56%
Shares Outstanding (Basic)	2,069	2,069	2,069	1,990	1,952	1,952
Shares Outstanding (Diluted)	2,069	2,069	2,069	1,990	1,952	1,952
Shares Change (YoY)	-0.00%	0.00%	3.96%	1.93%	-0.00%	0.00%
EPS (Basic)	1.64	2.06	3.25	2.53	4.94	3.14
EPS (Diluted)	1.64	2.06	3.25	2.53	4.94	3.14
EPS Growth	-37.35%	-36.44%	28.38%	-48.88%	57.23%	32.56%
Free Cash Flow	5,204	6,820	13,325	-6,411	6,174	6,967
Free Cash Flow Per Share	2.52	3.30	6.44	-3.22	3.16	3.57
Dividend Per Share	1.300	1.050	1.650	0.800	1.500	1.000
Dividend Growth	-21.21%	-36.36%	106.25%	-46.67%	50.00%	38.89%
Gross Margin	30.14%	30.72%	30.88%	27.30%	32.94%	38.91%
Operating Margin	7.74%	8.87%	11.13%	13.53%	21.20%	16.93%
Profit Margin	6.38%	7.56%	9.94%	9.24%	14.27%	11.67%
Free Cash Flow Margin	9.76%	12.08%	19.73%	-11.78%	9.12%	13.25%
EBITDA	4,552	5,402	7,876	7,632	14,580	9,220
EBITDA Margin	8.54%	9.57%	11.66%	14.02%	21.54%	17.53%
D&A For EBITDA	425.07	395.35	355.72	266.84	235.67	313.96
EBIT	4,127	5,007	7,520	7,365	14,344	8,906
EBIT Margin	7.74%	8.87%	11.13%	13.53%	21.20%	16.93%
Effective Tax Rate	21.57%	20.91%	15.95%	18.76%	16.46%	24.14%
Revenue as Reported	53,315	56,474	67,540	54,433	67,676	52,598
Advertising Expenses	-	274.08	410.27	360.8	356.89	242.63

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