VIE:AOC 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	236,737	234,001	222,137	287,461	295,151	182,659
Other Revenue	3,065	3,065	3,182	3,527	3,735	3,331
Revenue	239,802	237,066	225,319	290,988	298,885	185,991
Revenue Growth (YoY)	13.81%	5.21%	-22.57%	-2.64%	60.70%	-2.22%
Cost of Revenue	198,938	200,289	196,529	258,655	262,784	173,149
Gross Profit	40,864	36,777	28,791	32,333	36,101	12,842
Selling, General & Admin	5,663	5,797	4,728	4,397	4,828	3,333
Research & Development	3,399	3,064	3,729	4,805	2,417	1,434
Other Operating Expenses	2,814	2,200	2,075	2,860	2,486	1,525
Operating Expenses	11,948	11,016	10,336	12,059	10,058	6,631
Operating Income	28,916	25,761	18,455	20,274	26,043	6,211
Interest Expense	-2,401	-2,760	-3,326	-3,833	-4,510	-4,344
Interest & Investment Income	1,521	1,367	672.21	1,145	311.1	1,171
Currency Exchange Gain (Loss)	-241.66	-241.66	-13.22	-67.13	-22.21	-76.32
Other Non Operating Income (Expenses)	13.85	-16.71	-300.83	-656.07	-1,117	-758.48
EBT Excluding Unusual Items	27,808	24,108	15,487	16,864	20,705	2,203
Impairment of Goodwill	-	-	-	-15.5	-	-
Gain (Loss) on Sale of Investments	-19.16	20.15	-3.49	-16.93	-960.61	-10.39
Gain (Loss) on Sale of Assets	232.6	212.51	7.75	331.03	30.36	318.52
Asset Writedown	-2,644	-2,204	-589.91	-3,861	-5,295	-431.77
Legal Settlements	-194.52	-194.52	-77.06	-331.4	-118.41	-
Other Unusual Items	379.05	379.05	237.91	239.43	-178.35	110.17
Pretax Income	25,561	22,322	15,063	13,209	14,186	2,189
Income Tax Expense	3,905	2,940	2,507	2,365	2,870	590.02
Earnings From Continuing Operations	21,657	19,382	12,556	10,843	11,317	1,599
Minority Interest in Earnings	-7,396	-6,982	-5,867	-6,651	-5,557	-834.94
Net Income	14,261	12,400	6,689	4,192	5,759	764.31
Preferred Dividends & Other Adjustments	78.77	78.77	60.39	120.86	209.5	261.17
Net Income to Common	14,182	12,321	6,629	4,071	5,550	503.14
Net Income Growth	37.81%	85.38%	59.56%	-27.21%	653.55%	-10.41%
Shares Outstanding (Basic)	17,014	17,046	17,023	17,023	17,023	17,023
Shares Outstanding (Diluted)	17,029	17,066	17,023	17,023	17,023	17,023
Shares Change (YoY)	0.59%	0.25%	-	-	-	-
EPS (Basic)	0.83	0.72	0.39	0.24	0.33	0.03
EPS (Diluted)	0.83	0.72	0.39	0.24	0.33	0.03
EPS Growth	37.14%	85.60%	62.76%	-26.69%	1002.99%	-20.12%
Free Cash Flow	23,937	22,447	20,321	23,055	31,820	9,916
Free Cash Flow Per Share	1.41	1.31	1.19	1.35	1.87	0.58
Dividend Per Share	0.135	0.217	0.080	0.036	0.032	-
Dividend Growth	-16.67%	171.25%	122.22%	13.21%	-	-
Gross Margin	17.04%	15.51%	12.78%	11.11%	12.08%	6.90%
Operating Margin	12.06%	10.87%	8.19%	6.97%	8.71%	3.34%
Profit Margin	5.91%	5.20%	2.94%	1.40%	1.86%	0.27%
Free Cash Flow Margin	9.98%	9.47%	9.02%	7.92%	10.65%	5.33%
EBITDA	40,190	36,405	28,261	29,997	35,912	14,022
EBITDA Margin	16.76%	15.36%	12.54%	10.31%	12.02%	7.54%
D&A For EBITDA	11,274	10,645	9,806	9,723	9,869	7,811
EBIT	28,916	25,761	18,455	20,274	26,043	6,211
EBIT Margin	12.06%	10.87%	8.19%	6.97%	8.71%	3.34%
Effective Tax Rate	15.28%	13.17%	16.64%	17.91%	20.23%	26.95%
Revenue as Reported	239,802	237,066	225,319	290,988	298,885	185,991

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