SHA:603565 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	10,695	11,241	12,438	14,208	12,291	10,419
Other Revenue	17.54	17.54	0.74	0.46	0.46	0.23
Revenue	10,712	11,258	12,439	14,209	12,291	10,419
Revenue Growth (YoY)	-7.60%	-9.49%	-12.46%	15.60%	17.97%	5.24%
Cost of Revenue	8,368	9,553	10,666	11,006	9,677	8,961
Gross Profit	2,344	1,706	1,773	3,203	2,615	1,458
Selling, General & Admin	221.34	219.28	275.31	243.34	215.39	162.78
Research & Development	20.39	19.57	20.69	18.97	22.15	15.69
Other Operating Expenses	28.81	15.05	16.26	31.41	27.22	11.2
Operating Expenses	310.14	286.88	312.47	294.84	264.65	191.1
Operating Income	2,034	1,419	1,460	2,909	2,350	1,267
Interest Expense	-271.34	-291.22	-250.88	-177.8	-139.62	-85.77
Interest & Investment Income	481.01	472.15	309.06	299.71	138.54	88.95
Currency Exchange Gain (Loss)	81.37	81.37	49.61	179.49	-5.39	-0.12
Other Non Operating Income (Expenses)	-42.39	-37.98	-60.17	-76.2	-75.73	-133.72
EBT Excluding Unusual Items	2,283	1,643	1,508	3,134	2,268	1,136
Gain (Loss) on Sale of Investments	52.65	37.28	-	-	-	-
Gain (Loss) on Sale of Assets	127.49	395.24	278.21	6.35	626.29	-0.94
Other Unusual Items	379.88	379.11	495.74	528.55	322.08	232.43
Pretax Income	2,843	2,455	2,282	3,669	3,216	1,367
Income Tax Expense	703.86	615.56	560.33	925.52	809.72	343.94
Earnings From Continuing Operations	2,139	1,839	1,722	2,743	2,406	1,024
Minority Interest in Earnings	-1.94	-3.68	-4.3	-1.75	-2.08	-4.73
Net Income	2,137	1,835	1,717	2,741	2,404	1,019
Net Income to Common	2,137	1,835	1,717	2,741	2,404	1,019
Net Income Growth	30.79%	6.88%	-37.36%	14.02%	136.00%	18.80%
Shares Outstanding (Basic)	2,120	2,110	2,094	2,093	1,944	1,785
Shares Outstanding (Diluted)	2,120	2,110	2,094	2,093	1,944	1,785
Shares Change (YoY)	1.18%	0.74%	0.08%	7.62%	8.92%	4.54%
EPS (Basic)	1.01	0.87	0.82	1.31	1.24	0.57
EPS (Diluted)	1.01	0.87	0.82	1.31	1.24	0.57
EPS Growth	29.26%	6.10%	-37.41%	5.94%	116.66%	13.64%
Free Cash Flow	2,370	1,553	-565.57	1,629	2,365	1,230
Free Cash Flow Per Share	1.12	0.74	-0.27	0.78	1.22	0.69
Dividend Per Share	1.220	0.790	0.720	0.960	0.685	0.316
Dividend Growth	69.44%	9.72%	-24.96%	40.11%	116.64%	-
Gross Margin	21.88%	15.15%	14.25%	22.55%	21.27%	13.99%
Operating Margin	18.99%	12.60%	11.74%	20.47%	19.12%	12.16%
Profit Margin	19.95%	16.30%	13.81%	19.29%	19.56%	9.78%
Free Cash Flow Margin	22.13%	13.80%	-4.55%	11.47%	19.24%	11.80%
EBITDA	2,674	1,978	1,912	3,250	2,633	1,615
EBITDA Margin	24.96%	17.57%	15.37%	22.87%	21.42%	15.50%
D&A For EBITDA	639.28	558.99	451.95	341.02	283.34	348.12
EBIT	2,034	1,419	1,460	2,909	2,350	1,267
EBIT Margin	18.99%	12.60%	11.74%	20.47%	19.12%	12.16%
Effective Tax Rate	24.76%	25.08%	24.55%	25.23%	25.18%	25.15%
Revenue as Reported	10,712	11,258	12,439	14,209	12,291	10,419

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