SHA:603056 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	42,336	40,363	36,279	31,392	31,359	27,503
Revenue	42,336	40,363	36,279	31,392	31,359	27,503
Revenue Growth (YoY)	8.19%	11.26%	15.57%	0.10%	14.02%	6.10%
Cost of Revenue	40,125	37,288	33,130	28,192	28,469	24,296
Gross Profit	2,211	3,075	3,149	3,199	2,890	3,207
Selling, General & Admin	1,941	1,921	2,032	2,345	2,673	2,666
Research & Development	155.34	183.67	229	206.76	204.13	51.2
Other Operating Expenses	109.8	83.18	82.44	99.02	111.66	83.99
Operating Expenses	2,232	2,213	2,370	2,686	3,010	2,854
Operating Income	-21.01	861.85	778.76	513.68	-120.51	353.86
Interest Expense	-69.86	-97.86	-118.06	-154.17	-127.77	-60.27
Interest & Investment Income	23.17	52.45	69.95	108.22	55.56	80.26
Currency Exchange Gain (Loss)	-5.22	-5.22	-1.9	-1.13	-1.94	-1.74
Other Non Operating Income (Expenses)	2.94	-42.47	-53.09	-55.82	-61.87	-64.59
EBT Excluding Unusual Items	-69.98	768.75	675.67	410.79	-256.54	307.52
Gain (Loss) on Sale of Investments	1.41	-8.81	-95.42	-13.2	-4.43	-10
Gain (Loss) on Sale of Assets	40.41	116.83	27.63	0.35	27.41	15.62
Asset Writedown	-5.28	-5.06	-5.04	-35.6	-	-
Other Unusual Items	117.77	168.92	320.07	422.31	400.36	423.03
Pretax Income	84.33	1,041	922.91	784.65	166.79	736.18
Income Tax Expense	14.14	176.99	174.38	126.13	19.54	171.04
Earnings From Continuing Operations	70.19	863.64	748.53	658.52	147.26	565.14
Minority Interest in Earnings	-3.49	-3.04	-2.81	-0.46	0.5	-0.76
Net Income	66.7	860.6	745.72	658.05	147.76	564.38
Net Income to Common	66.7	860.6	745.72	658.05	147.76	564.38
Net Income Growth	-91.57%	15.41%	13.32%	345.37%	-73.82%	74.39%
Shares Outstanding (Basic)	1,021	1,012	1,008	1,012	985	957
Shares Outstanding (Diluted)	1,021	1,012	1,022	1,012	985	957
Shares Change (YoY)	0.75%	-0.89%	0.90%	2.78%	2.97%	0.50%
EPS (Basic)	0.07	0.85	0.74	0.65	0.15	0.59
EPS (Diluted)	0.07	0.85	0.73	0.65	0.15	0.59
EPS Growth	-91.64%	16.44%	12.31%	333.33%	-74.58%	73.53%
Free Cash Flow	1,632	2,132	1,942	2,004	-816.27	-313.66
Free Cash Flow Per Share	1.60	2.11	1.90	1.98	-0.83	-0.33
Dividend Per Share	0.144	0.144	0.079	-	-	0.150
Dividend Growth	82.28%	82.28%	-	-	-	400.40%
Gross Margin	5.22%	7.62%	8.68%	10.19%	9.21%	11.66%
Operating Margin	-0.05%	2.14%	2.15%	1.64%	-0.38%	1.29%
Profit Margin	0.16%	2.13%	2.06%	2.10%	0.47%	2.05%
Free Cash Flow Margin	3.86%	5.28%	5.35%	6.38%	-2.60%	-1.14%
EBITDA	838.32	1,834	1,901	1,697	936.64	1,310
EBITDA Margin	1.98%	4.54%	5.24%	5.41%	2.99%	4.76%
D&A For EBITDA	859.33	971.93	1,122	1,183	1,057	955.87
EBIT	-21.01	861.85	778.76	513.68	-120.51	353.86
EBIT Margin	-0.05%	2.14%	2.15%	1.64%	-0.38%	1.29%
Effective Tax Rate	16.77%	17.01%	18.89%	16.07%	11.71%	23.23%
Revenue as Reported	42,336	40,363	36,279	31,392	31,359	27,503
Advertising Expenses	-	20.75	36.59	54.17	111.83	127.03

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