SWX:GSI 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	14,808	14,735	10,865	12,545	10,850	8,502
Other Revenue	59.95	59.95	64.68	64.9	69.76	42.11
Revenue	14,868	14,795	10,930	12,610	10,920	8,544
Revenue Growth (YoY)	10.93%	35.37%	-13.32%	15.48%	27.80%	28.96%
Cost of Revenue	10,063	10,091	7,477	9,310	8,205	5,965
Gross Profit	4,805	4,705	3,453	3,300	2,715	2,580
Selling, General & Admin	2,005	1,891	1,625	1,515	1,277	956.56
Research & Development	391.87	366.16	322.54	319.44	309.76	245.37
Other Operating Expenses	9.14	45.9	38.53	45.92	34.36	26.77
Operating Expenses	2,415	2,353	1,994	1,862	1,652	1,239
Operating Income	2,390	2,352	1,459	1,438	1,063	1,340
Interest Expense	-22.65	-77.04	-84.77	-102.11	-59.75	-69.92
Interest & Investment Income	769.43	665.69	380.82	260.41	430.01	354.69
Currency Exchange Gain (Loss)	78.43	78.43	163.01	146.15	-53.97	-94.97
Other Non Operating Income (Expenses)	84.15	-16.99	-5.77	-16.66	-14.29	-9.1
EBT Excluding Unusual Items	3,299	3,002	1,912	1,726	1,365	1,521
Impairment of Goodwill	-213.54	-213.54	-1.67	-14.83	-4.28	-70.84
Gain (Loss) on Sale of Investments	-22.63	-35.31	50.18	-50.58	-23.61	31.92
Gain (Loss) on Sale of Assets	-3.51	0.09	5.81	-16.89	-3.02	-0.3
Asset Writedown	-4.07	-6.52	-4.16	-10.81	-1.83	-0.65
Other Unusual Items	21.06	21.06	26.44	34.18	126.44	82.98
Pretax Income	3,076	2,767	1,989	1,667	1,459	1,564
Income Tax Expense	477.69	401.6	294	222.1	161.22	199.78
Earnings From Continuing Operations	2,599	2,366	1,695	1,445	1,297	1,364
Minority Interest in Earnings	-75.33	-62.17	-3.1	-25.32	-27.31	-14.36
Net Income	2,523	2,304	1,692	1,420	1,270	1,350
Net Income to Common	2,523	2,304	1,692	1,420	1,270	1,350
Net Income Growth	18.98%	36.18%	19.14%	11.80%	-5.93%	50.85%
Shares Outstanding (Basic)	1,194	1,194	1,194	1,141	1,124	1,063
Shares Outstanding (Diluted)	1,194	1,194	1,194	1,141	1,124	1,080
Shares Change (YoY)	0.05%	-0.00%	4.70%	1.50%	4.05%	1.37%
EPS (Basic)	2.11	1.93	1.42	1.24	1.13	1.27
EPS (Diluted)	2.11	1.93	1.42	1.24	1.13	1.25
EPS Growth	18.92%	36.18%	13.79%	10.14%	-9.60%	48.81%
Free Cash Flow	1,695	1,252	1,688	1,199	-523.85	145.92
Free Cash Flow Per Share	1.42	1.05	1.41	1.05	-0.47	0.14
Dividend Per Share	-	0.250	0.275	0.100	-	-
Dividend Growth	-	-9.09%	175.00%	-	-	-
Gross Margin	32.32%	31.80%	31.59%	26.17%	24.86%	30.19%
Operating Margin	16.07%	15.89%	13.35%	11.41%	9.73%	15.69%
Profit Margin	16.97%	15.57%	15.48%	11.26%	11.63%	15.80%
Free Cash Flow Margin	11.40%	8.46%	15.44%	9.51%	-4.80%	1.71%
EBITDA	2,658	2,613	1,711	1,652	1,258	1,487
EBITDA Margin	17.88%	17.66%	15.66%	13.10%	11.52%	17.41%
D&A For EBITDA	268.43	261.62	252.53	213.67	195.51	147.02
EBIT	2,390	2,352	1,459	1,438	1,063	1,340
EBIT Margin	16.07%	15.89%	13.35%	11.41%	9.73%	15.69%
Effective Tax Rate	15.53%	14.51%	14.78%	13.32%	11.05%	12.77%
Revenue as Reported	14,868	14,795	10,930	12,610	10,920	8,544
Advertising Expenses	-	302.58	259.76	234.82	173.59	158.06

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