SHA:688396 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	10,438	9,841	9,750	9,896	9,158	6,932
Other Revenue	277.7	277.7	150.88	164.05	91.01	45.63
Revenue	10,716	10,119	9,901	10,060	9,249	6,977
Revenue Growth (YoY)	8.87%	2.20%	-1.59%	8.77%	32.56%	21.50%
Cost of Revenue	7,958	7,466	6,780	6,444	5,954	5,056
Gross Profit	2,758	2,653	3,120	3,616	3,295	1,921
Selling, General & Admin	674.57	653.13	787.55	690.51	572.36	475.88
Research & Development	1,116	1,154	1,138	904.42	713.22	566.07
Other Operating Expenses	-67.87	-66.85	16.08	94.15	85.3	68.74
Operating Expenses	1,715	1,739	1,940	1,688	1,370	1,110
Operating Income	1,043	913.23	1,180	1,928	1,925	811.06
Interest Expense	-10.36	-42.96	-66.04	-32.41	-27.73	-40.68
Interest & Investment Income	166.1	187.46	396.04	351.71	311.75	115.58
Currency Exchange Gain (Loss)	-17.43	-17.43	4.06	70.76	-25.88	77.54
Other Non Operating Income (Expenses)	-15.66	-2.89	-13.46	20.21	-7.5	-4.67
EBT Excluding Unusual Items	1,166	1,037	1,501	2,338	2,176	958.82
Gain (Loss) on Sale of Investments	-464.63	-411.06	-6.98	125.47	0.09	1.19
Gain (Loss) on Sale of Assets	-2.12	-4.09	-4.94	4.97	0.78	0.05
Asset Writedown	-55.42	-16.43	-5.99	-48.3	-9.74	-15.49
Legal Settlements	-	-	-	-	-	-0.07
Other Unusual Items	188.82	188.82	203.71	232.31	187.51	141.14
Pretax Income	832.58	794.63	1,687	2,653	2,354	1,086
Income Tax Expense	133.59	132.93	248.62	53.31	96.35	25.94
Earnings From Continuing Operations	698.99	661.7	1,438	2,599	2,258	1,060
Minority Interest in Earnings	89.67	100.76	41.12	17.91	10.12	-96.05
Net Income	788.66	762.46	1,479	2,617	2,268	963.66
Net Income to Common	788.66	762.46	1,479	2,617	2,268	963.66
Net Income Growth	-14.50%	-48.46%	-43.48%	15.40%	135.34%	140.46%
Shares Outstanding (Basic)	1,325	1,323	1,320	1,320	1,285	1,152
Shares Outstanding (Diluted)	1,327	1,324	1,322	1,321	1,285	1,152
Shares Change (YoY)	0.32%	0.11%	0.07%	2.81%	11.54%	31.10%
EPS (Basic)	0.60	0.58	1.12	1.98	1.76	0.84
EPS (Diluted)	0.59	0.58	1.12	1.98	1.76	0.84
EPS Growth	-14.77%	-48.51%	-43.52%	12.25%	111.00%	83.42%
Free Cash Flow	896.53	467.4	-3,467	923.28	2,189	1,259
Free Cash Flow Per Share	0.68	0.35	-2.62	0.70	1.70	1.09
Dividend Per Share	0.084	0.058	0.112	0.198	0.172	0.074
Dividend Growth	-24.87%	-48.12%	-43.62%	15.43%	133.01%	123.42%
Gross Margin	25.74%	26.21%	31.52%	35.94%	35.62%	27.53%
Operating Margin	9.74%	9.03%	11.92%	19.16%	20.81%	11.62%
Profit Margin	7.36%	7.54%	14.94%	26.02%	24.52%	13.81%
Free Cash Flow Margin	8.37%	4.62%	-35.02%	9.18%	23.66%	18.05%
EBITDA	2,270	2,024	2,136	2,800	2,686	1,525
EBITDA Margin	21.18%	20.00%	21.57%	27.83%	29.04%	21.86%
D&A For EBITDA	1,227	1,110	955.53	871.79	761.38	713.85
EBIT	1,043	913.23	1,180	1,928	1,925	811.06
EBIT Margin	9.74%	9.03%	11.92%	19.16%	20.81%	11.62%
Effective Tax Rate	16.05%	16.73%	14.74%	2.01%	4.09%	2.39%
Revenue as Reported	10,716	10,119	9,901	10,060	9,249	6,977
Advertising Expenses	-	4.49	2.26	2.84	2.58	2.5

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