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Income Statement · Annual · Millions · CNY

Line item	FY2011	FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020
Total revenues	1,300	1,447	–	–	–	2,338	2,881	3,782	4,000	3,689
Cost of revenue	371	405	442	496	570	663	796	1,081	1,222	1,262
Gross profit	929	1,042	1,166	1,336	1,485	1,675	2,085	2,701	2,778	2,427
Selling, general and administrative	488	557	678	813	918	1,063	1,214	1,551	1,572	1,560
Total operating expenses	488	557	678	813	918	1,063	1,214	1,551	1,572	1,560
Operating income	441	486	489	524	568	612	871	1,150	1,206	867
Income before taxes	468	566	601	552	744	700	542	1,487	762	1,260
Income tax expense	81	96	100	113	126	135	169	242	236	188
Net income from continuing operations	387	470	501	439	618	565	373	1,244	526	1,071
Net income	387	470	501	439	618	566	372	1,252	532	1,097
Net income to common shareholders	–	–	501	439	651	566	372	–	–	–