SHA:603713 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	13,213	12,096	9,742	11,550	8,616	3,420
Other Revenue	22.06	22.06	10.24	25.64	28.74	7.28
Revenue	13,235	12,118	9,753	11,576	8,645	3,427
Revenue Growth (YoY)	13.33%	24.26%	-15.75%	33.90%	152.26%	41.68%
Cost of Revenue	11,699	10,737	8,609	10,316	7,758	2,854
Gross Profit	1,536	1,381	1,144	1,260	886.61	572.7
Selling, General & Admin	433.8	390.64	415.03	422.25	291.23	176.83
Research & Development	56.08	60.93	47.9	31.37	28.31	25.6
Other Operating Expenses	27.54	30.07	14.61	5.66	7.5	1.71
Operating Expenses	519.86	495.79	474.14	475.67	321.87	210.33
Operating Income	1,016	885.36	669.75	784.34	564.74	362.36
Interest Expense	-153.45	-156.4	-120.38	-84.41	-43.66	-20.38
Interest & Investment Income	41.85	44.27	19.67	10.69	15.88	4.74
Currency Exchange Gain (Loss)	10.5	10.5	1.69	35.12	-3.79	-6.89
Other Non Operating Income (Expenses)	-51.69	-17.49	-10.27	-9.67	-12.83	-5.61
EBT Excluding Unusual Items	863.39	766.24	560.48	736.07	520.34	334.22
Impairment of Goodwill	-4.31	-4.31	-	-39.5	-12.67	-3.9
Gain (Loss) on Sale of Investments	-18.69	-8.25	9.11	1.53	0.28	-0.44
Gain (Loss) on Sale of Assets	5.64	-2.59	-3.05	-4.69	-4.6	-1.89
Asset Writedown	4.21	-	-	-1.04	-	-
Legal Settlements	-	-	-	-	-	-0.4
Other Unusual Items	50.21	50.21	41.06	36.93	24.5	21.85
Pretax Income	900.45	801.3	607.6	729.31	527.85	349.44
Income Tax Expense	175.01	147.1	126.2	105.74	91.89	59.65
Earnings From Continuing Operations	725.43	654.2	481.4	623.56	435.97	289.79
Minority Interest in Earnings	-125.73	-89.02	-50.09	-18.49	-4.17	-1.29
Net Income	599.7	565.18	431.31	605.07	431.79	288.5
Net Income to Common	599.7	565.18	431.31	605.07	431.79	288.5
Net Income Growth	15.63%	31.04%	-28.72%	40.13%	49.67%	47.15%
Shares Outstanding (Basic)	159	164	164	164	162	155
Shares Outstanding (Diluted)	169	174	170	170	162	155
Shares Change (YoY)	0.01%	2.12%	-0.03%	4.92%	4.72%	1.49%
EPS (Basic)	3.76	3.45	2.62	3.68	2.66	1.86
EPS (Diluted)	3.55	3.26	2.54	3.56	2.66	1.86
EPS Growth	15.62%	28.31%	-28.69%	33.55%	42.92%	44.99%
Free Cash Flow	905.2	-165.05	178.98	-146.4	-191.28	227.34
Free Cash Flow Per Share	5.36	-0.95	1.05	-0.86	-1.18	1.47
Dividend Per Share	0.710	0.710	0.530	0.550	0.390	0.260
Dividend Growth	33.96%	33.96%	-3.64%	41.03%	50.00%	36.84%
Gross Margin	11.61%	11.40%	11.73%	10.88%	10.26%	16.71%
Operating Margin	7.68%	7.31%	6.87%	6.78%	6.53%	10.57%
Profit Margin	4.53%	4.66%	4.42%	5.23%	5.00%	8.42%
Free Cash Flow Margin	6.84%	-1.36%	1.84%	-1.26%	-2.21%	6.63%
EBITDA	1,238	1,084	838.02	948.42	697	460.86
EBITDA Margin	9.35%	8.95%	8.59%	8.19%	8.06%	13.45%
D&A For EBITDA	221.47	198.67	168.27	164.08	132.25	98.49
EBIT	1,016	885.36	669.75	784.34	564.74	362.36
EBIT Margin	7.68%	7.31%	6.87%	6.78%	6.53%	10.57%
Effective Tax Rate	19.44%	18.36%	20.77%	14.50%	17.41%	17.07%
Revenue as Reported	13,235	12,118	9,753	11,576	8,645	3,427
Advertising Expenses	-	9.44	9.61	12.74	8.12	6.72

Source: S&P Global Market Intelligence. Standard template. Financial Sources.