SHA:900926 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	10,928	13,632	12,907	13,140	11,752	10,218
Other Revenue	12.33	12.33	8.82	9.55	7.63	7.07
Revenue	10,940	13,644	12,916	13,150	11,759	10,225
Revenue Growth (YoY)	-21.03%	5.64%	-1.78%	11.82%	15.01%	49.29%
Cost of Revenue	7,173	8,884	8,125	8,821	7,931	7,305
Gross Profit	3,767	4,760	4,790	4,329	3,829	2,920
Selling, General & Admin	612.35	648.52	680.59	590.83	535.89	432.59
Research & Development	1,469	1,461	1,454	1,432	1,290	995.08
Other Operating Expenses	-45.22	-21.19	-108.85	-82.66	-18.09	0.01
Operating Expenses	2,305	2,340	2,182	2,121	1,960	1,507
Operating Income	1,462	2,420	2,609	2,207	1,868	1,413
Interest Expense	-34.57	-33.33	-27.15	-17.72	-12.01	-1.35
Interest & Investment Income	93.83	97.93	134.67	134.33	77.38	89.59
Currency Exchange Gain (Loss)	-12.4	-12.4	-14.97	0.52	-2.52	2.83
Other Non Operating Income (Expenses)	4.6	-2.78	-1.41	2.4	-1.6	-2.01
EBT Excluding Unusual Items	1,514	2,470	2,700	2,327	1,930	1,502
Gain (Loss) on Sale of Investments	1.59	0.13	72.75	-1.82	-4.19	-1.32
Gain (Loss) on Sale of Assets	1.78	-0.44	1.77	7.34	7.18	0.32
Asset Writedown	34.36	-	-	-	-	-6.85
Legal Settlements	-	-	-	-0.17	-	-1.8
Other Unusual Items	34.06	34.06	46.05	66.85	80.85	68.32
Pretax Income	1,585	2,503	2,820	2,399	2,013	1,561
Income Tax Expense	90.7	176.61	209.08	147.66	104.65	132.58
Earnings From Continuing Operations	1,495	2,327	2,611	2,251	1,909	1,428
Minority Interest in Earnings	-61.69	-61.3	-57.54	-65.41	-89.93	-89.81
Net Income	1,433	2,265	2,554	2,186	1,819	1,338
Net Income to Common	1,433	2,265	2,554	2,186	1,819	1,338
Net Income Growth	-45.16%	-11.28%	16.82%	20.18%	35.92%	52.17%
Shares Outstanding (Basic)	2,852	2,843	2,828	2,811	2,801	2,759
Shares Outstanding (Diluted)	2,883	2,886	2,879	2,842	2,847	2,796
Shares Change (YoY)	-0.15%	0.24%	1.31%	-0.18%	1.82%	0.73%
EPS (Basic)	0.50	0.80	0.90	0.78	0.65	0.48
EPS (Diluted)	0.50	0.79	0.89	0.77	0.64	0.48
EPS Growth	-45.07%	-11.50%	15.32%	20.39%	33.49%	51.07%
Free Cash Flow	424.31	1,234	2,232	2,221	1,166	905.97
Free Cash Flow Per Share	0.15	0.43	0.78	0.78	0.41	0.32
Dividend Per Share	0.600	0.600	0.833	0.556	0.534	0.481
Dividend Growth	-28.00%	-28.00%	49.98%	4.01%	11.11%	192.46%
Gross Margin	34.43%	34.89%	37.09%	32.92%	32.56%	28.56%
Operating Margin	13.36%	17.74%	20.20%	16.79%	15.89%	13.82%
Profit Margin	13.10%	16.60%	19.77%	16.62%	15.47%	13.09%
Free Cash Flow Margin	3.88%	9.05%	17.28%	16.89%	9.92%	8.86%
EBITDA	1,834	2,779	2,951	2,536	2,179	1,736
EBITDA Margin	16.76%	20.37%	22.85%	19.29%	18.53%	16.98%
D&A For EBITDA	371.58	359.18	342.65	328.99	310.64	322.9
EBIT	1,462	2,420	2,609	2,207	1,868	1,413
EBIT Margin	13.36%	17.74%	20.20%	16.79%	15.89%	13.82%
Effective Tax Rate	5.72%	7.05%	7.41%	6.16%	5.20%	8.50%
Revenue as Reported	10,940	13,644	12,916	13,150	11,759	10,225
Advertising Expenses	-	2.99	2.52	1.06	2.49	3.4

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