SHA:603876 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	24,946	22,958	17,666	20,501	17,615	12,191
Other Revenue	1,064	1,064	1,398	1,104	552.81	235.48
Revenue	26,010	24,022	19,064	21,605	18,168	12,427
Revenue Growth (YoY)	15.90%	26.00%	-11.76%	18.92%	46.20%	10.59%
Cost of Revenue	23,798	21,921	17,025	18,152	16,213	11,378
Gross Profit	2,211	2,101	2,039	3,454	1,955	1,048
Selling, General & Admin	477.14	453.27	392.72	447.02	322.66	237.18
Research & Development	1,189	1,068	960.77	999.52	621.7	432.29
Other Operating Expenses	-104.57	16.74	29.08	30.87	57.95	42.68
Operating Expenses	1,620	1,618	1,388	1,494	1,024	716.79
Operating Income	591.06	482.83	650.35	1,960	931.05	331.37
Interest Expense	-215.12	-226.43	-221	-234.89	-276.35	-295.52
Interest & Investment Income	123.6	160.73	206.83	80.66	49.68	85.45
Currency Exchange Gain (Loss)	40.55	40.55	59.59	90.8	-93.98	-41.58
Other Non Operating Income (Expenses)	3.62	-19.38	-15.08	-27	-21.08	-20.69
EBT Excluding Unusual Items	543.71	438.3	680.69	1,869	589.31	59.02
Impairment of Goodwill	-	-	-	-	-20.38	-
Gain (Loss) on Sale of Investments	-98.33	-124.42	-83.82	-249.33	-112.77	-63.89
Gain (Loss) on Sale of Assets	-17.77	-12.79	-6.88	-2.71	-3.21	-0.09
Asset Writedown	-15.73	-10.4	-	-28.5	-0.14	-
Other Unusual Items	50.21	46.12	59.57	20.5	50.02	9.66
Pretax Income	462.08	336.82	649.56	1,609	502.83	4.69
Income Tax Expense	76.55	34.74	116.92	226.54	75.45	20.93
Earnings From Continuing Operations	385.53	302.08	532.64	1,383	427.38	-16.24
Minority Interest in Earnings	-2.25	-0.99	2.19	-1.21	2.67	1.24
Net Income	383.29	301.09	534.83	1,382	430.05	-14.99
Net Income to Common	383.29	301.09	534.83	1,382	430.05	-14.99
Net Income Growth	31.60%	-43.70%	-61.29%	221.26%	-	-
Shares Outstanding (Basic)	889	886	877	880	824	898
Shares Outstanding (Diluted)	889	886	891	915	824	898
Shares Change (YoY)	-1.55%	-0.65%	-2.57%	11.10%	-8.28%	16.33%
EPS (Basic)	0.43	0.34	0.61	1.57	0.52	-0.02
EPS (Diluted)	0.43	0.34	0.60	1.51	0.52	-0.02
EPS Growth	33.68%	-43.33%	-60.27%	189.16%	-	-
Free Cash Flow	-226.94	-358.75	568.26	1,259	516.25	-1,074
Free Cash Flow Per Share	-0.26	-0.41	0.64	1.38	0.63	-1.20
Dividend Per Share	0.100	0.100	0.190	0.478	0.111	-
Dividend Growth	-56.52%	-47.37%	-60.23%	330.06%	-	-
Gross Margin	8.50%	8.75%	10.69%	15.99%	10.76%	8.43%
Operating Margin	2.27%	2.01%	3.41%	9.07%	5.13%	2.67%
Profit Margin	1.47%	1.25%	2.80%	6.40%	2.37%	-0.12%
Free Cash Flow Margin	-0.87%	-1.49%	2.98%	5.83%	2.84%	-8.65%
EBITDA	1,291	1,118	1,198	2,427	1,336	689.29
EBITDA Margin	4.96%	4.65%	6.28%	11.24%	7.35%	5.55%
D&A For EBITDA	700.38	634.92	547.64	467.68	404.68	357.91
EBIT	591.06	482.83	650.35	1,960	931.05	331.37
EBIT Margin	2.27%	2.01%	3.41%	9.07%	5.13%	2.67%
Effective Tax Rate	16.57%	10.31%	18.00%	14.08%	15.01%	445.98%
Revenue as Reported	26,010	24,022	19,064	21,605	18,168	12,427
Advertising Expenses	-	-	-	-	-	0.18

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