Income Statement | | | | | | | | | | | |
| | | | | | | Press Release | | | | |
CNY | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | 2,717 | 2,354 | 1,359 | 723 | 824 | | 824 | | 723 | 824 | |
% Growth | NA | -13.4% | -42.3% | -46.8% | 13.9% | | | | | 13.9% | |
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Research and Development | (46) | (37) | (39) | (41) | 0 | | 0 | | (41) | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
General and Admin | (1,103) | (1,108) | (793) | (452) | (463) | | (463) | | (452) | (463) | |
Other Exp / (Inc) | (409) | 512 | (944) | (592) | (551) | | (551) | | (592) | (551) | |
Total Operating Exp | (1,557) | (634) | (1,775) | (1,085) | (1,014) | | (1,014) | | (1,085) | (1,014) | |
| | | | | | | | | | | |
Operating Income | 1,160 | 1,720 | (417) | (362) | (190) | | (190) | | (362) | (190) | |
% Revenue | 42.7% | 73.1% | -30.7% | -50.1% | -23.1% | | -23.1% | | -50.1% | -23.1% | |
| | | | | | | | | | | |
Interest Expense | 0 | 136 | 34 | 21 | 28 | | 28 | | 21 | 28 | |
Pre-tax Income | 1,160 | 1,856 | (383) | (341) | (163) | | (163) | | (341) | (163) | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | (136) | (211) | (71) | (120) | (48) | | (48) | | (120) | (48) | |
Net Income to Company | 1,024 | 1,645 | (454) | (461) | (211) | | (211) | | (461) | (211) | |
% Margin | 37.7% | 69.9% | -33.4% | -63.8% | -25.6% | | -25.6% | | -63.8% | -25.6% | |
| | | | | | | | | | | |
Minority Interest in Earnings | 13 | (21) | 24 | (11) | 32 | | 32 | | (11) | 32 | |
Net Income to Stockholders | 1,038 | 1,624 | (430) | (472) | (179) | | (179) | | (472) | (179) | |
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Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
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Net Income to Common | 1,038 | 1,624 | (430) | (472) | (179) | | (179) | | (472) | (179) | |
% Margin | 38.2% | 69.0% | -31.6% | -65.3% | -21.7% | | -21.7% | | -65.3% | -21.7% | |
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As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 2.11 | 3.27 | (0.85) | (0.94) | (0.35) | | (0.35) | | (0.94) | (0.35) | |
Diluted EPS (Continuing Ops) | 1.98 | 3.09 | (0.85) | (0.94) | (0.35) | | (0.35) | | (0.94) | (0.35) | |
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WA Basic Shares Out. | 491 | 496 | 507 | 505 | 511 | | 511 | | 505 | 511 | |
WA Diluted Shares Out. | 523 | 526 | 507 | 505 | 511 | | 511 | | 505 | 511 | |
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Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | (44) | (841) | 75 | 111 | 44 | | 44 | | 111 | 44 | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 121 | (17) | 204 | 28 | 77 | | 77 | | 28 | 77 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | 11 | 1 | 91 | 24 | 0 | | 0 | | 24 | 0 | |
Total Unusual Items | 88 | (857) | 370 | 163 | 121 | | 121 | | 163 | 121 | |
% Margin | 3.2% | -36.4% | 27.2% | 22.6% | 14.7% | | 14.7% | | 22.6% | 14.7% | |
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Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | 1,024 | 1,645 | (454) | (461) | (211) | | (211) | | (461) | (211) | |
Addback: Unusual Items | 132 | (16) | 294 | 52 | 77 | | 77 | | 52 | 77 | |
Less: Tax Benefit of Unusual Items (26%) | (34) | 4 | (77) | (13) | (20) | | (20) | | (13) | (20) | |
Adjusted Net Income | 1,122 | 1,634 | (236) | (423) | (154) | | (154) | | (423) | (154) | |
% Margin | 41.3% | 69.4% | -17.4% | -58.5% | -18.7% | | -18.7% | | -58.5% | -18.7% | |
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Adjusted Basic EPS | 2.28 | 3.29 | (0.47) | (0.84) | (0.30) | | (0.30) | | (0.84) | (0.30) | |