SHA:688041 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	Mar '25 Mar 31, 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	9,970	9,162	6,012	5,125	2,310	1,022
Other Revenue	-	-	-	-	0.09	0.09
Revenue	9,970	9,162	6,012	5,125	2,310	1,022
Revenue Growth (YoY)	54.75%	52.40%	17.30%	121.83%	126.07%	169.53%
Cost of Revenue	3,760	3,420	2,452	2,469	1,042	512.06
Gross Profit	6,210	5,743	3,560	2,656	1,269	509.91
Selling, General & Admin	352.45	317.36	245.33	215.56	142.3	91.15
Research & Development	3,042	2,910	1,992	1,414	744.67	546.1
Other Operating Expenses	-26.41	41.52	63.92	39.07	23.91	14.51
Operating Expenses	3,374	3,277	2,307	1,675	911.94	653.36
Operating Income	2,836	2,466	1,253	980.56	356.9	-143.45
Interest Expense	-45.71	-43.83	-36.24	-29.49	-24.59	-41.29
Interest & Investment Income	220.22	235.53	305.14	120.07	39.34	20.6
Currency Exchange Gain (Loss)	-	-	-	0.22	9.6	31.64
Other Non Operating Income (Expenses)	-8.25	-5.3	-1.43	-3.44	-1.84	-1.3
EBT Excluding Unusual Items	3,003	2,652	1,521	1,068	379.42	-133.79
Gain (Loss) on Sale of Investments	4.28	-	3.45	1.14	8.97	11.41
Gain (Loss) on Sale of Assets	-	-	-	-	0.04	-
Asset Writedown	-25.03	0	-	-0.08	-	-
Other Unusual Items	132.3	132.3	156.18	67.53	48.28	40.1
Pretax Income	3,114	2,784	1,680	1,137	436.71	-82.29
Income Tax Expense	77.82	67.47	-21.01	11.52	-0.9	0.69
Earnings From Continuing Operations	3,036	2,717	1,701	1,125	437.61	-82.98
Minority Interest in Earnings	-888.12	-785.97	-438.01	-321.29	-110.5	43.83
Net Income	2,148	1,931	1,263	803.7	327.11	-39.14
Net Income to Common	2,148	1,931	1,263	803.7	327.11	-39.14
Net Income Growth	63.71%	52.87%	57.17%	145.70%	-	-
Shares Outstanding (Basic)	2,300	2,326	2,339	2,115	2,044	1,898
Shares Outstanding (Diluted)	2,300	2,326	2,339	2,115	2,044	1,898
Shares Change (YoY)	-1.78%	-0.54%	10.60%	3.45%	7.71%	6.41%
EPS (Basic)	0.93	0.83	0.54	0.38	0.16	-0.02
EPS (Diluted)	0.93	0.83	0.54	0.38	0.16	-0.02
EPS Growth	66.67%	53.70%	42.10%	137.50%	-	-
Free Cash Flow	2,592	31.83	-104.41	-1,425	-154.57	-620.65
Free Cash Flow Per Share	1.13	0.01	-0.04	-0.67	-0.08	-0.33
Dividend Per Share	0.170	0.170	0.110	0.040	-	-
Dividend Growth	54.41%	54.41%	175.25%	-	-	-
Gross Margin	62.29%	62.68%	59.21%	51.82%	54.92%	49.90%
Operating Margin	28.45%	26.91%	20.84%	19.13%	15.45%	-14.04%
Profit Margin	21.55%	21.08%	21.01%	15.68%	14.16%	-3.83%
Free Cash Flow Margin	25.99%	0.35%	-1.74%	-27.80%	-6.69%	-60.73%
EBITDA	4,232	3,728	1,984	1,655	756.84	187.46
EBITDA Margin	42.44%	40.69%	33.00%	32.30%	32.76%	18.34%
D&A For EBITDA	1,395	1,262	730.65	674.93	399.94	330.9
EBIT	2,836	2,466	1,253	980.56	356.9	-143.45
EBIT Margin	28.45%	26.91%	20.84%	19.13%	15.45%	-14.04%
Effective Tax Rate	2.50%	2.42%	-	1.01%	-	-
Revenue as Reported	9,970	9,162	6,012	5,125	2,310	1,022

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