SHA:601921 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	10,492	10,830	11,356	11,494	11,140	9,596
Other Revenue	363.18	363.18	318.17	290.49	254.6	211.28
Revenue	10,855	11,193	11,674	11,785	11,395	9,808
Revenue Growth (YoY)	-1.19%	-4.12%	-0.93%	3.42%	16.18%	-3.68%
Cost of Revenue	7,697	8,047	8,548	8,629	8,344	7,094
Gross Profit	3,158	3,146	3,126	3,155	3,051	2,714
Selling, General & Admin	2,006	2,086	2,223	2,082	2,007	1,789
Research & Development	11.83	13.56	8.46	8.55	10.41	14.22
Other Operating Expenses	-24.15	-12.57	9.89	30.2	36.45	17.38
Operating Expenses	2,015	2,112	2,248	2,186	2,075	1,820
Operating Income	1,143	1,034	878.36	969.07	976.59	893.85
Interest Expense	-2.3	-2.29	-5.88	-8.78	-2.81	-0.62
Interest & Investment Income	230.69	328.19	408.14	380.46	264.82	171.06
Currency Exchange Gain (Loss)	0.33	0.33	0	0.6	0.48	-0.88
Other Non Operating Income (Expenses)	-16.66	-13.55	-9.04	-9.12	-14.63	-7.08
EBT Excluding Unusual Items	1,355	1,346	1,272	1,332	1,224	1,056
Impairment of Goodwill	-	-	-	-1.53	-	-
Gain (Loss) on Sale of Investments	-	-	-94.15	-63.88	4.52	-
Gain (Loss) on Sale of Assets	12.45	7.8	84.33	102.16	92.68	76.68
Asset Writedown	6.65	-4.3	-0.56	-0.49	0.96	-
Other Unusual Items	5.68	5.68	7.16	66.08	39.46	47.24
Pretax Income	1,380	1,355	1,268	1,435	1,362	1,180
Income Tax Expense	93.73	267.83	-244.66	17.24	41.63	28.28
Earnings From Continuing Operations	1,286	1,088	1,513	1,417	1,320	1,152
Minority Interest in Earnings	-3.66	-4.9	-3.94	-3.76	-3.38	-3.3
Net Income	1,283	1,083	1,509	1,414	1,317	1,149
Net Income to Common	1,283	1,083	1,509	1,414	1,317	1,149
Net Income Growth	18.44%	-28.26%	6.76%	7.33%	14.66%	4.11%
Shares Outstanding (Basic)	2,235	2,222	2,222	2,222	2,093	2,015
Shares Outstanding (Diluted)	2,235	2,222	2,222	2,222	2,093	2,015
Shares Change (YoY)	1.83%	-0.00%	-0.00%	6.20%	3.84%	0.76%
EPS (Basic)	0.57	0.49	0.68	0.64	0.63	0.57
EPS (Diluted)	0.57	0.49	0.68	0.64	0.63	0.57
EPS Growth	16.31%	-28.26%	6.76%	1.06%	10.42%	3.64%
Free Cash Flow	652.51	456.31	1,107	1,999	1,597	2,001
Free Cash Flow Per Share	0.29	0.20	0.50	0.90	0.76	0.99
Dividend Per Share	0.400	0.300	0.390	0.350	0.320	-
Dividend Growth	2.56%	-23.08%	11.43%	9.38%	-	-
Gross Margin	29.09%	28.11%	26.78%	26.78%	26.78%	27.67%
Operating Margin	10.53%	9.23%	7.52%	8.22%	8.57%	9.11%
Profit Margin	11.82%	9.67%	12.93%	12.00%	11.56%	11.71%
Free Cash Flow Margin	6.01%	4.08%	9.48%	16.96%	14.01%	20.41%
EBITDA	1,359	1,242	1,077	1,150	1,157	1,068
EBITDA Margin	12.52%	11.10%	9.23%	9.76%	10.15%	10.89%
D&A For EBITDA	215.72	208.52	198.92	181.1	180.6	173.99
EBIT	1,143	1,034	878.36	969.07	976.59	893.85
EBIT Margin	10.53%	9.23%	7.52%	8.22%	8.57%	9.11%
Effective Tax Rate	6.79%	19.76%	-	1.20%	3.06%	2.40%
Revenue as Reported	10,855	11,193	11,674	11,785	11,395	9,808
Advertising Expenses	-	196.25	205.69	150.95	130.09	63.64

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