SHA:900934 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	13,514	14,063	14,649	11,310	11,399	9,897
Other Revenue	0.02	0.02	0	0	0.33	0.12
Revenue	13,514	14,063	14,649	11,310	11,400	9,898
Revenue Growth (YoY)	-5.94%	-4.00%	29.53%	-0.79%	15.18%	-34.45%
Cost of Revenue	8,594	8,585	8,569	7,621	7,581	7,437
Gross Profit	4,920	5,478	6,081	3,689	3,819	2,461
Selling, General & Admin	3,013	3,534	3,835	3,174	3,155	2,884
Research & Development	24.76	24.23	24.39	16.6	17.97	25.91
Other Operating Expenses	134.18	131.37	138.82	6.83	96.45	97.07
Operating Expenses	3,278	3,817	4,050	3,256	3,278	3,054
Operating Income	1,642	1,661	2,031	433.46	540.73	-593.89
Interest Expense	-731.16	-863.75	-846.03	-638.76	-700.07	-341.49
Interest & Investment Income	299.26	791.11	414.82	386.83	413.09	874.96
Currency Exchange Gain (Loss)	2.27	2.27	2.05	9.23	-0.22	-38.33
Other Non Operating Income (Expenses)	7	-52.15	-74.3	-34.73	-2.45	-39.2
EBT Excluding Unusual Items	1,219	1,539	1,527	156.02	251.09	-137.94
Gain (Loss) on Sale of Investments	-55.51	42.22	160.96	200.67	-57.16	69.56
Gain (Loss) on Sale of Assets	-77.47	92.52	63.48	115.12	20.71	-20.91
Asset Writedown	-1.99	-11.7	-21.61	-4.06	-4.32	-82.65
Legal Settlements	9.24	9.24	18.42	56	-	-
Other Unusual Items	-26.03	-26.03	44.93	-9.99	391.21	475.54
Pretax Income	1,068	1,645	1,793	513.77	601.53	303.59
Income Tax Expense	408.09	500.74	516.15	244.5	309.17	63.7
Earnings From Continuing Operations	659.55	1,144	1,277	269.26	292.36	239.9
Minority Interest in Earnings	-108.12	-233.28	-275.44	-142.64	-196.73	-129.69
Net Income	551.43	911.03	1,002	126.62	95.63	110.21
Net Income to Common	551.43	911.03	1,002	126.62	95.63	110.21
Net Income Growth	-50.83%	-9.06%	691.14%	32.41%	-13.23%	-89.91%
Shares Outstanding (Basic)	1,062	1,067	1,070	1,070	1,042	958
Shares Outstanding (Diluted)	1,062	1,067	1,070	1,070	1,042	958
Shares Change (YoY)	-1.02%	-0.24%	-0.00%	2.69%	8.78%	-
EPS (Basic)	0.52	0.85	0.94	0.12	0.09	0.12
EPS (Diluted)	0.52	0.85	0.94	0.12	0.09	0.12
EPS Growth	-50.32%	-8.83%	691.16%	28.94%	-20.23%	-89.91%
Free Cash Flow	1,368	2,580	4,362	1,198	1,508	-562.66
Free Cash Flow Per Share	1.29	2.42	4.08	1.12	1.45	-0.59
Dividend Per Share	0.380	0.500	0.500	0.060	0.053	0.058
Dividend Growth	-38.71%	-	733.33%	13.21%	-8.62%	-90.33%
Gross Margin	36.40%	38.95%	41.51%	32.62%	33.50%	24.86%
Operating Margin	12.15%	11.81%	13.86%	3.83%	4.74%	-6.00%
Profit Margin	4.08%	6.48%	6.84%	1.12%	0.84%	1.11%
Free Cash Flow Margin	10.12%	18.35%	29.77%	10.59%	13.23%	-5.68%
EBITDA	2,282	2,287	2,638	1,043	1,201	183.19
EBITDA Margin	16.89%	16.26%	18.00%	9.22%	10.54%	1.85%
D&A For EBITDA	639.85	625.76	606.97	609.19	660.31	777.08
EBIT	1,642	1,661	2,031	433.46	540.73	-593.89
EBIT Margin	12.15%	11.81%	13.86%	3.83%	4.74%	-6.00%
Effective Tax Rate	38.22%	30.44%	28.78%	47.59%	51.40%	20.98%
Revenue as Reported	13,514	14,063	14,649	-	-	-

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