SHA:603019 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	13,880	13,101	14,347	13,003	11,265	10,158
Other Revenue	46.35	46.35	5.91	4.76	3.89	2.79
Revenue	13,926	13,148	14,353	13,008	11,269	10,161
Revenue Growth (YoY)	-4.85%	-8.39%	10.34%	15.43%	10.90%	6.66%
Cost of Revenue	10,126	9,348	10,622	9,682	8,680	7,968
Gross Profit	3,801	3,800	3,730	3,326	2,588	2,193
Selling, General & Admin	1,112	1,126	1,046	929.27	796.26	622.38
Research & Development	1,283	1,292	1,316	1,105	982.89	734.98
Other Operating Expenses	194.68	31.97	26.35	34.85	17.96	7.67
Operating Expenses	2,686	2,530	2,487	2,145	1,822	1,381
Operating Income	1,115	1,270	1,244	1,182	766.35	812.6
Interest Expense	-19.8	-59.14	-65.7	-57.45	-25.92	-54.79
Interest & Investment Income	783.03	671.14	503.15	378.18	373.52	50.29
Currency Exchange Gain (Loss)	4.79	4.79	4.19	28.57	-7.42	-11.56
Other Non Operating Income (Expenses)	-15.04	-3.56	-4.85	-7.2	6.88	5.43
EBT Excluding Unusual Items	1,868	1,883	1,680	1,524	1,113	801.98
Gain (Loss) on Sale of Investments	-76.45	-76.53	-14.01	-28.18	0.05	-39.52
Gain (Loss) on Sale of Assets	-14.76	-20.95	-1.97	2.78	-0.87	2.17
Asset Writedown	-24.85	-28.2	-14.28	-2.75	-69.72	-
Legal Settlements	-	-	-2.14	-	-	-
Other Unusual Items	533.06	533.06	531.18	410.08	385.16	287.91
Pretax Income	2,285	2,291	2,179	1,906	1,428	1,053
Income Tax Expense	174.04	297.14	301.21	288.51	171.26	165.06
Earnings From Continuing Operations	2,111	1,993	1,878	1,617	1,257	887.47
Minority Interest in Earnings	-2.93	-82.28	-42	-72.87	-80.37	-65.09
Net Income	2,108	1,911	1,836	1,544	1,176	822.38
Net Income to Common	2,108	1,911	1,836	1,544	1,176	822.38
Net Income Growth	13.62%	4.10%	18.88%	31.27%	43.05%	38.53%
Shares Outstanding (Basic)	1,460	1,459	1,457	1,457	1,470	1,326
Shares Outstanding (Diluted)	1,460	1,459	1,469	1,457	1,470	1,326
Shares Change (YoY)	-0.59%	-0.67%	0.81%	-0.92%	10.86%	5.02%
EPS (Basic)	1.44	1.31	1.26	1.06	0.80	0.62
EPS (Diluted)	1.44	1.31	1.25	1.06	0.80	0.62
EPS Growth	14.29%	4.80%	17.93%	32.50%	29.03%	31.91%
Free Cash Flow	1,883	1,862	1,343	-1,560	-2,152	1,761
Free Cash Flow Per Share	1.29	1.28	0.91	-1.07	-1.46	1.33
Dividend Per Share	0.340	0.270	0.250	0.220	0.160	0.140
Dividend Growth	100.00%	8.00%	13.64%	37.50%	14.29%	40.00%
Gross Margin	27.29%	28.90%	25.99%	25.57%	22.97%	21.59%
Operating Margin	8.00%	9.66%	8.66%	9.08%	6.80%	8.00%
Profit Margin	15.14%	14.54%	12.79%	11.87%	10.44%	8.09%
Free Cash Flow Margin	13.52%	14.16%	9.36%	-12.00%	-19.10%	17.33%
EBITDA	2,067	2,074	1,849	1,694	1,152	1,129
EBITDA Margin	14.84%	15.77%	12.88%	13.02%	10.22%	11.11%
D&A For EBITDA	952.38	803.82	605.74	512.2	385.89	316.03
EBIT	1,115	1,270	1,244	1,182	766.35	812.6
EBIT Margin	8.00%	9.66%	8.66%	9.08%	6.80%	8.00%
Effective Tax Rate	7.62%	12.97%	13.82%	15.14%	11.99%	15.68%
Revenue as Reported	13,926	13,148	14,353	13,008	11,269	10,161

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