SHA:900936 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	26,055	28,023	30,143	35,937	36,056	22,851
Other Revenue	380.52	380.52	410.79	456.92	417.54	290.62
Revenue	26,435	28,403	30,554	36,393	36,473	23,141
Revenue Growth (YoY)	-7.87%	-7.04%	-16.05%	-0.22%	57.61%	1.40%
Cost of Revenue	20,764	23,005	23,819	25,884	23,882	16,797
Gross Profit	5,671	5,398	6,734	10,509	12,591	6,344
Selling, General & Admin	2,497	2,470	2,312	2,205	2,328	2,089
Research & Development	90.97	178.53	182.84	548.28	539.35	495.18
Other Operating Expenses	607.65	588.56	690.4	1,127	751.53	376.35
Operating Expenses	3,195	3,225	3,188	3,893	3,604	2,952
Operating Income	2,477	2,173	3,546	6,616	8,987	3,392
Interest Expense	-145.41	-192.92	-209.35	-349.97	-545.69	-984.75
Interest & Investment Income	1,182	1,309	1,237	2,014	1,670	588.97
Currency Exchange Gain (Loss)	9.88	9.88	-6.54	35.29	-6.52	-23.45
Other Non Operating Income (Expenses)	100.14	-34.79	-38.69	-57.6	-155.17	-122.37
EBT Excluding Unusual Items	3,624	3,264	4,529	8,258	9,949	2,850
Impairment of Goodwill	-	-	-	-	-	-8.45
Gain (Loss) on Sale of Investments	-45.02	-50.53	-56.75	-8.8	-	-
Gain (Loss) on Sale of Assets	7.15	9.17	15.21	11.52	11.5	-80.24
Asset Writedown	-687.94	-558.54	-76.1	-553.63	-444.29	-399.6
Other Unusual Items	-271.14	-271.14	-241.74	236.55	56.2	169.43
Pretax Income	2,632	2,398	4,177	7,948	9,580	2,532
Income Tax Expense	641.85	430.43	437.26	1,281	1,390	532.89
Earnings From Continuing Operations	1,990	1,968	3,740	6,667	8,190	2,000
Minority Interest in Earnings	-158.12	-121.09	-835.98	-1,942	-2,099	-471.45
Net Income	1,832	1,847	2,904	4,726	6,091	1,528
Net Income to Common	1,832	1,847	2,904	4,726	6,091	1,528
Net Income Growth	-13.03%	-36.39%	-38.55%	-22.41%	298.58%	14.44%
Shares Outstanding (Basic)	2,780	2,798	2,792	2,796	2,796	2,799
Shares Outstanding (Diluted)	2,780	2,798	2,792	2,796	2,796	2,799
Shares Change (YoY)	-1.05%	0.23%	-0.15%	0.01%	-0.13%	11.23%
EPS (Basic)	0.66	0.66	1.04	1.69	2.18	0.55
EPS (Diluted)	0.66	0.66	1.04	1.69	2.18	0.55
EPS Growth	-12.11%	-36.54%	-38.46%	-22.43%	299.08%	2.88%
Free Cash Flow	3,091	3,594	5,602	3,911	11,735	4,888
Free Cash Flow Per Share	1.11	1.28	2.01	1.40	4.20	1.75
Dividend Per Share	0.600	0.600	0.800	0.714	1.020	0.408
Dividend Growth	-25.00%	-25.00%	12.00%	-30.00%	149.98%	100.00%
Gross Margin	21.45%	19.01%	22.04%	28.88%	34.52%	27.41%
Operating Margin	9.37%	7.65%	11.61%	18.18%	24.64%	14.66%
Profit Margin	6.93%	6.50%	9.50%	12.98%	16.70%	6.60%
Free Cash Flow Margin	11.70%	12.65%	18.34%	10.75%	32.17%	21.12%
EBITDA	5,140	4,739	5,982	9,513	11,722	5,803
EBITDA Margin	19.44%	16.68%	19.58%	26.14%	32.14%	25.08%
D&A For EBITDA	2,664	2,566	2,436	2,897	2,735	2,412
EBIT	2,477	2,173	3,546	6,616	8,987	3,392
EBIT Margin	9.37%	7.65%	11.61%	18.18%	24.64%	14.66%
Effective Tax Rate	24.38%	17.95%	10.47%	16.12%	14.51%	21.04%
Revenue as Reported	26,435	28,403	30,554	36,393	36,473	23,141
Advertising Expenses	-	238.93	170.42	205.78	151.59	140.98

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