SHA:601956 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	6,068	6,055	5,702	5,176	5,899	5,098
Other Revenue	187.44	187.44	201.86	169.13	160.58	113.19
Revenue	6,256	6,243	5,904	5,345	6,060	5,211
Revenue Growth (YoY)	2.87%	5.73%	10.45%	-11.79%	16.28%	5.73%
Cost of Revenue	5,596	5,475	5,130	4,687	5,401	4,317
Gross Profit	659.83	768.18	774.21	658.14	658.71	894.41
Selling, General & Admin	247.97	274.08	274.29	286.05	252.25	268.28
Research & Development	291.22	296.11	273.84	265.55	276.39	289.24
Other Operating Expenses	12.61	14.46	26.03	30.38	34.5	36.52
Operating Expenses	568.53	663.9	601.32	579.7	572.44	605.67
Operating Income	91.3	104.28	172.89	78.44	86.27	288.73
Interest Expense	-22.37	-26.57	-28.55	-43.42	-47.22	-63.1
Interest & Investment Income	12.62	12.73	15.22	11.93	7.89	6.76
Currency Exchange Gain (Loss)	15.48	15.48	11.7	62.04	-27.88	-47.05
Other Non Operating Income (Expenses)	-0.74	-3.89	-4.88	-3.16	-3.47	-3.4
EBT Excluding Unusual Items	96.29	102.03	166.38	105.84	15.59	181.94
Gain (Loss) on Sale of Investments	-3.52	-4.39	-6	-9.87	-20.96	-7.95
Gain (Loss) on Sale of Assets	-0.88	-5.11	-3.05	-1.56	-4.29	3.15
Legal Settlements	-0.29	-0.29	-0.75	-0.5	-0.3	-0.13
Other Unusual Items	37.14	38.18	47.16	61.14	38.62	41.57
Pretax Income	128.74	130.42	203.74	155.05	28.65	218.59
Income Tax Expense	3.87	5.87	15.65	3.39	-0.24	26.52
Earnings From Continuing Operations	124.87	124.55	188.1	151.65	28.9	192.07
Minority Interest in Earnings	3.28	2.63	0.34	-9.62	2.99	-82.15
Net Income	128.15	127.18	188.44	142.04	31.88	109.92
Net Income to Common	128.15	127.18	188.44	142.04	31.88	109.92
Net Income Growth	-18.33%	-32.51%	32.67%	345.48%	-70.99%	12.50%
Shares Outstanding (Basic)	619	620	615	545	511	300
Shares Outstanding (Diluted)	619	620	618	546	511	300
Shares Change (YoY)	-0.40%	0.32%	13.18%	6.83%	70.32%	0.01%
EPS (Basic)	0.21	0.21	0.31	0.26	0.06	0.37
EPS (Diluted)	0.21	0.21	0.30	0.26	0.06	0.37
EPS Growth	-18.00%	-32.72%	17.22%	316.99%	-82.97%	12.50%
Free Cash Flow	243.7	133.67	145.31	-137.53	336.13	-54.64
Free Cash Flow Per Share	0.39	0.22	0.23	-0.25	0.66	-0.18
Dividend Per Share	0.100	0.100	0.200	0.100	0.050	0.100
Dividend Growth	-50.00%	-50.00%	99.94%	100.06%	-50.00%	-
Gross Margin	10.55%	12.31%	13.11%	12.31%	10.87%	17.16%
Operating Margin	1.46%	1.67%	2.93%	1.47%	1.42%	5.54%
Profit Margin	2.05%	2.04%	3.19%	2.66%	0.53%	2.11%
Free Cash Flow Margin	3.90%	2.14%	2.46%	-2.57%	5.55%	-1.05%
EBITDA	329.69	322.55	364.33	261.25	264.7	480.91
EBITDA Margin	5.27%	5.17%	6.17%	4.89%	4.37%	9.23%
D&A For EBITDA	238.39	218.27	191.44	182.81	178.43	192.17
EBIT	91.3	104.28	172.89	78.44	86.27	288.73
EBIT Margin	1.46%	1.67%	2.93%	1.47%	1.42%	5.54%
Effective Tax Rate	3.01%	4.50%	7.68%	2.19%	-	12.13%
Revenue as Reported	6,256	6,243	5,904	5,345	6,060	5,211
Advertising Expenses	-	5.88	6.4	2.97	4.25	4.28

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