SHA:603288 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	26,356	25,128	22,815	23,794	23,597	21,631
Other Revenue	1,773	1,773	1,744	1,816	1,408	1,161
Revenue	28,130	26,901	24,559	25,610	25,004	22,792
Revenue Growth (YoY)	6.92%	9.54%	-4.10%	2.42%	9.71%	15.13%
Cost of Revenue	17,037	16,950	16,032	16,473	15,337	13,181
Gross Profit	11,092	9,951	8,527	9,137	9,667	9,611
Selling, General & Admin	2,592	2,219	1,831	1,820	1,751	1,727
Research & Development	871.97	839.53	715.42	751.34	771.92	711.75
Other Operating Expenses	192.12	131.98	120.68	207.19	74.74	211.34
Operating Expenses	3,558	3,191	2,668	2,781	2,600	2,652
Operating Income	7,534	6,759	5,859	6,356	7,067	6,959
Interest Expense	-24.29	-23.96	-11.89	-14.5	-8.66	-5.29
Interest & Investment Income	615.23	546.13	621.65	763.29	644.91	435.71
Currency Exchange Gain (Loss)	10.51	10.51	1.37	3.77	-5.46	-0.37
Other Non Operating Income (Expenses)	-52.58	-5.2	-8.73	-7.27	-7.15	-2.01
EBT Excluding Unusual Items	8,083	7,287	6,462	7,101	7,691	7,387
Impairment of Goodwill	-97.49	-97.49	-	-15.49	-	-
Gain (Loss) on Sale of Investments	180.05	218.85	212.85	121.26	128.2	138.91
Gain (Loss) on Sale of Assets	10.15	8.87	-0.61	1.19	1.19	-4.86
Asset Writedown	-0.77	-0.77	-0.34	-0.34	-0.45	-0.43
Other Unusual Items	90.43	96.84	65.43	156.45	0.77	121.36
Pretax Income	8,266	7,513	6,739	7,364	7,821	7,642
Income Tax Expense	1,409	1,157	1,097	1,161	1,149	1,233
Earnings From Continuing Operations	6,857	6,356	5,642	6,203	6,671	6,409
Minority Interest in Earnings	-5.42	-11.73	-15.56	-5.45	-0.71	-6.17
Net Income	6,851	6,344	5,627	6,198	6,671	6,403
Net Income to Common	6,851	6,344	5,627	6,198	6,671	6,403
Net Income Growth	12.08%	12.75%	-9.21%	-7.09%	4.18%	19.61%
Shares Outstanding (Basic)	5,661	5,565	5,571	5,584	5,559	5,560
Shares Outstanding (Diluted)	5,661	5,565	5,571	5,584	5,559	5,560
Shares Change (YoY)	1.82%	-0.11%	-0.23%	0.44%	-0.03%	-0.13%
EPS (Basic)	1.21	1.14	1.01	1.11	1.20	1.15
EPS (Diluted)	1.21	1.14	1.01	1.11	1.20	1.15
EPS Growth	10.08%	12.87%	-9.01%	-7.50%	4.21%	19.76%
Free Cash Flow	5,878	5,268	5,432	2,312	5,293	6,043
Free Cash Flow Per Share	1.04	0.95	0.97	0.41	0.95	1.09
Dividend Per Share	1.420	0.860	0.660	0.583	0.576	0.600
Dividend Growth	115.15%	30.30%	13.15%	1.32%	-4.08%	14.43%
Gross Margin	39.43%	36.99%	34.72%	35.68%	38.66%	42.17%
Operating Margin	26.78%	25.13%	23.86%	24.82%	28.27%	30.54%
Profit Margin	24.36%	23.58%	22.91%	24.20%	26.68%	28.09%
Free Cash Flow Margin	20.90%	19.58%	22.12%	9.03%	21.17%	26.52%
EBITDA	8,390	7,635	6,761	7,170	7,790	7,534
EBITDA Margin	29.83%	28.38%	27.53%	28.00%	31.16%	33.05%
D&A For EBITDA	855.83	875.51	901.75	813.77	722.69	574.43
EBIT	7,534	6,759	5,859	6,356	7,067	6,959
EBIT Margin	26.78%	25.13%	23.86%	24.82%	28.27%	30.54%
Effective Tax Rate	17.04%	15.40%	16.28%	15.77%	14.70%	16.14%
Revenue as Reported	28,130	26,901	24,559	25,610	25,004	22,792
Advertising Expenses	-	249.44	208	397.43	453.13	485.83

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