SHA:603233 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	26,198	25,861	23,931	20,780	16,759	14,262
Other Revenue	635.56	635.56	599.94	467.67	-	320.64
Revenue	26,834	26,497	24,531	21,248	16,759	14,583
Revenue Growth (YoY)	1.11%	8.01%	15.45%	26.78%	14.92%	30.89%
Cost of Revenue	17,614	17,422	15,795	13,226	10,385	8,993
Gross Profit	9,220	9,074	8,736	8,022	6,374	5,590
Selling, General & Admin	7,240	7,424	6,808	6,270	5,187	4,173
Research & Development	49.47	51.68	80.93	74.38	44.61	4.7
Other Operating Expenses	68.38	35.47	35.32	64.57	29.94	44.27
Operating Expenses	7,370	7,527	6,940	6,432	5,273	4,227
Operating Income	1,850	1,547	1,796	1,590	1,101	1,363
Interest Expense	-222.43	-248.83	-239.26	-231.97	-212.04	-11.5
Interest & Investment Income	81.13	82.23	91.75	68.89	77.7	67.69
Other Non Operating Income (Expenses)	-44.45	-46.32	-49.85	-48.52	-29.15	-29.91
EBT Excluding Unusual Items	1,665	1,335	1,599	1,379	937.76	1,389
Impairment of Goodwill	-38.6	-38.6	-6.21	-	-	-
Gain (Loss) on Sale of Investments	20.59	10.61	4.38	-18.71	34.57	2.75
Gain (Loss) on Sale of Assets	20.67	19.21	3.43	18.73	5.63	-2.53
Asset Writedown	1.44	-	-	-	-	-
Other Unusual Items	13.89	13.89	27.05	36.36	65.94	57.33
Pretax Income	1,683	1,340	1,628	1,415	1,044	1,446
Income Tax Expense	457.04	359.73	397.12	335.62	239.52	363.39
Earnings From Continuing Operations	1,226	979.94	1,231	1,079	804.39	1,083
Minority Interest in Earnings	-87.87	-65.19	-64.16	-43.55	-13.16	-20.84
Net Income	1,138	914.75	1,166	1,036	791.23	1,062
Net Income to Common	1,138	914.75	1,166	1,036	791.23	1,062
Net Income Growth	33.80%	-21.58%	12.63%	30.90%	-25.51%	51.17%
Shares Outstanding (Basic)	1,125	1,129	1,133	1,138	1,130	1,133
Shares Outstanding (Diluted)	1,125	1,129	1,133	1,138	1,130	1,133
Shares Change (YoY)	-0.96%	-0.28%	-0.50%	0.69%	-0.24%	2.65%
EPS (Basic)	1.01	0.81	1.03	0.91	0.70	0.94
EPS (Diluted)	1.01	0.81	1.03	0.91	0.70	0.94
EPS Growth	35.09%	-21.36%	13.19%	30.00%	-25.33%	47.27%
Free Cash Flow	3,922	1,630	1,377	2,722	260.05	1,162
Free Cash Flow Per Share	3.49	1.44	1.22	2.39	0.23	1.02
Dividend Per Share	0.650	0.620	0.310	0.500	0.347	0.463
Dividend Growth	4.84%	100.00%	-38.00%	43.97%	-24.99%	60.04%
Gross Margin	34.36%	34.25%	35.61%	37.76%	38.03%	38.33%
Operating Margin	6.89%	5.84%	7.32%	7.48%	6.57%	9.34%
Profit Margin	4.24%	3.45%	4.75%	4.87%	4.72%	7.28%
Free Cash Flow Margin	14.62%	6.15%	5.61%	12.81%	1.55%	7.96%
EBITDA	3,536	3,131	3,244	1,808	1,306	1,533
EBITDA Margin	13.18%	11.82%	13.22%	8.51%	7.79%	10.51%
D&A For EBITDA	1,685	1,584	1,448	218.06	204.62	170.77
EBIT	1,850	1,547	1,796	1,590	1,101	1,363
EBIT Margin	6.89%	5.84%	7.32%	7.48%	6.57%	9.34%
Effective Tax Rate	27.16%	26.85%	24.40%	23.72%	22.94%	25.12%
Revenue as Reported	26,834	26,497	24,531	21,248	16,759	14,583
Advertising Expenses	-	25.49	30.81	26.27	-	-

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