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	2015 - 2019
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	2015 - 2019
Operating Revenue	5,683	6,061	6,979	6,851	5,517	2,033	Upgrade
Other Revenue	40.28	40.28	41.6	51.56	51.1	34.2	Upgrade
Revenue	5,724	6,101	7,021	6,903	5,568	2,067	Upgrade
Revenue Growth (YoY)	-7.56%	-13.10%	1.71%	23.96%	169.38%	-3.16%	Upgrade
Cost of Revenue	4,554	4,701	5,391	4,897	3,822	1,628	Upgrade
Gross Profit	1,170	1,401	1,630	2,006	1,747	439	Upgrade
Selling, General & Admin	413.97	426.64	390.92	378.45	338.77	184.69	Upgrade
Research & Development	44.15	17.78	29.42	46.46	26.69	7.6	Upgrade
Other Operating Expenses	46.29	35.1	52.69	41.71	45.96	17.45	Upgrade
Operating Expenses	520.82	487.73	487.01	479.41	425.29	212.09	Upgrade
Operating Income	649.09	912.82	1,143	1,526	1,321	226.91	Upgrade
Interest Expense	-18.08	-24.36	-43.95	-55.7	-53.61	-24.7	Upgrade
Interest & Investment Income	28.8	35.66	34.28	32.02	21.27	5.48	Upgrade
Currency Exchange Gain (Loss)	0.74	0.74	3.27	-3.57	0.19	-	Upgrade
Other Non Operating Income (Expenses)	-4.63	-9.88	-4.78	-15.74	-20.83	-10.16	Upgrade
EBT Excluding Unusual Items	655.91	914.97	1,132	1,483	1,268	197.54	Upgrade
Impairment of Goodwill	-	-	-	-	-5.45	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	0.08	0.09	-5.38	Upgrade
Gain (Loss) on Sale of Assets	5.36	2.33	-1.21	-14.59	-1.24	-4.35	Upgrade
Asset Writedown	-12.65	-8.71	-8.91	-19.24	-49.7	-6.86	Upgrade
Legal Settlements	-	-	-	-	-0.91	-	Upgrade
Other Unusual Items	33.32	23.21	43.91	36.27	30.13	16.21	Upgrade
Pretax Income	681.94	931.8	1,166	1,486	1,241	197.15	Upgrade
Income Tax Expense	143.67	176.17	214.58	227.99	199.65	54.28	Upgrade
Earnings From Continuing Operations	538.27	755.63	951.26	1,258	1,042	142.86	Upgrade
Minority Interest in Earnings	-78.08	-87.2	-97.73	-592.11	-598.65	-35.37	Upgrade
Net Income	460.19	668.43	853.53	665.83	443.11	107.49	Upgrade
Net Income to Common	460.19	668.43	853.53	665.83	443.11	107.49	Upgrade
Net Income Growth	-35.95%	-21.69%	28.19%	50.26%	312.22%	12.91%	Upgrade
Shares Outstanding (Basic)	1,072	1,071	1,046	822	816	659	Upgrade
Shares Outstanding (Diluted)	1,072	1,071	1,046	822	816	659	Upgrade
Shares Change (YoY)	-0.74%	2.41%	27.25%	0.73%	23.74%	0.44%	Upgrade
EPS (Basic)	0.43	0.62	0.82	0.81	0.54	0.16	Upgrade
EPS (Diluted)	0.43	0.62	0.82	0.81	0.54	0.16	Upgrade
EPS Growth	-35.47%	-23.53%	0.74%	49.17%	233.13%	12.41%	Upgrade
Free Cash Flow	134.25	583.19	903.28	953.76	856.37	-12.41	Upgrade
Free Cash Flow Per Share	0.13	0.54	0.86	1.16	1.05	-0.02	Upgrade
Dividend Per Share	0.200	0.200	0.250	0.150	0.070	0.050	Upgrade
Dividend Growth	-20.00%	-20.00%	66.67%	114.29%	40.00%	-	Upgrade
Gross Margin	20.44%	22.96%	23.22%	29.06%	31.37%	21.24%	Upgrade
Operating Margin	11.34%	14.96%	16.28%	22.11%	23.73%	10.98%	Upgrade
Profit Margin	8.04%	10.96%	12.16%	9.65%	7.96%	5.20%	Upgrade
Free Cash Flow Margin	2.35%	9.56%	12.87%	13.82%	15.38%	-0.60%	Upgrade
EBITDA	1,040	1,284	1,489	1,887	1,673	341.74	Upgrade
EBITDA Margin	18.17%	21.05%	21.21%	27.34%	30.05%	16.53%	Upgrade
D&A For EBITDA	390.64	371.53	346.04	360.76	351.65	114.83	Upgrade
EBIT	649.09	912.82	1,143	1,526	1,321	226.91	Upgrade
EBIT Margin	11.34%	14.96%	16.28%	22.11%	23.73%	10.98%	Upgrade
Effective Tax Rate	21.07%	18.91%	18.40%	15.34%	16.08%	27.53%	Upgrade
Revenue as Reported	-	-	-	6,903	5,568	2,067	Upgrade
Advertising Expenses	-	1.67	0.96	0.79	2.65	1	Upgrade

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