SHA:603227 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	5,683	6,061	6,979	6,851	5,517	2,033
Other Revenue	40.28	40.28	41.6	51.56	51.1	34.2
Revenue	5,724	6,101	7,021	6,903	5,568	2,067
Revenue Growth (YoY)	-7.56%	-13.10%	1.71%	23.96%	169.38%	-3.16%
Cost of Revenue	4,554	4,701	5,391	4,897	3,822	1,628
Gross Profit	1,170	1,401	1,630	2,006	1,747	439
Selling, General & Admin	413.97	426.64	390.92	378.45	338.77	184.69
Research & Development	44.15	17.78	29.42	46.46	26.69	7.6
Other Operating Expenses	46.29	35.1	52.69	41.71	45.96	17.45
Operating Expenses	520.82	487.73	487.01	479.41	425.29	212.09
Operating Income	649.09	912.82	1,143	1,526	1,321	226.91
Interest Expense	-18.08	-24.36	-43.95	-55.7	-53.61	-24.7
Interest & Investment Income	28.8	35.66	34.28	32.02	21.27	5.48
Currency Exchange Gain (Loss)	0.74	0.74	3.27	-3.57	0.19	-
Other Non Operating Income (Expenses)	-4.63	-9.88	-4.78	-15.74	-20.83	-10.16
EBT Excluding Unusual Items	655.91	914.97	1,132	1,483	1,268	197.54
Impairment of Goodwill	-	-	-	-	-5.45	-
Gain (Loss) on Sale of Investments	-	-	-	0.08	0.09	-5.38
Gain (Loss) on Sale of Assets	5.36	2.33	-1.21	-14.59	-1.24	-4.35
Asset Writedown	-12.65	-8.71	-8.91	-19.24	-49.7	-6.86
Legal Settlements	-	-	-	-	-0.91	-
Other Unusual Items	33.32	23.21	43.91	36.27	30.13	16.21
Pretax Income	681.94	931.8	1,166	1,486	1,241	197.15
Income Tax Expense	143.67	176.17	214.58	227.99	199.65	54.28
Earnings From Continuing Operations	538.27	755.63	951.26	1,258	1,042	142.86
Minority Interest in Earnings	-78.08	-87.2	-97.73	-592.11	-598.65	-35.37
Net Income	460.19	668.43	853.53	665.83	443.11	107.49
Net Income to Common	460.19	668.43	853.53	665.83	443.11	107.49
Net Income Growth	-35.95%	-21.69%	28.19%	50.26%	312.22%	12.91%
Shares Outstanding (Basic)	1,072	1,071	1,046	822	816	659
Shares Outstanding (Diluted)	1,072	1,071	1,046	822	816	659
Shares Change (YoY)	-0.74%	2.41%	27.25%	0.73%	23.74%	0.44%
EPS (Basic)	0.43	0.62	0.82	0.81	0.54	0.16
EPS (Diluted)	0.43	0.62	0.82	0.81	0.54	0.16
EPS Growth	-35.47%	-23.53%	0.74%	49.17%	233.13%	12.41%
Free Cash Flow	134.25	583.19	903.28	953.76	856.37	-12.41
Free Cash Flow Per Share	0.13	0.54	0.86	1.16	1.05	-0.02
Dividend Per Share	0.200	0.200	0.250	0.150	0.070	0.050
Dividend Growth	-20.00%	-20.00%	66.67%	114.29%	40.00%	-
Gross Margin	20.44%	22.96%	23.22%	29.06%	31.37%	21.24%
Operating Margin	11.34%	14.96%	16.28%	22.11%	23.73%	10.98%
Profit Margin	8.04%	10.96%	12.16%	9.65%	7.96%	5.20%
Free Cash Flow Margin	2.35%	9.56%	12.87%	13.82%	15.38%	-0.60%
EBITDA	1,040	1,284	1,489	1,887	1,673	341.74
EBITDA Margin	18.17%	21.05%	21.21%	27.34%	30.05%	16.53%
D&A For EBITDA	390.64	371.53	346.04	360.76	351.65	114.83
EBIT	649.09	912.82	1,143	1,526	1,321	226.91
EBIT Margin	11.34%	14.96%	16.28%	22.11%	23.73%	10.98%
Effective Tax Rate	21.07%	18.91%	18.40%	15.34%	16.08%	27.53%
Revenue as Reported	-	-	-	6,903	5,568	2,067
Advertising Expenses	-	1.67	0.96	0.79	2.65	1

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