SHA:600018 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	39,611	36,986	36,423	36,195	33,282
Other Revenue	-	1,131	1,128	1,085	1,006
Revenue	39,611	38,117	37,552	37,280	34,289
Revenue Growth (YoY)	3.92%	1.51%	0.73%	8.72%	31.28%
Cost of Revenue	25,303	24,629	23,563	24,178	20,369
Gross Profit	14,309	13,488	13,989	13,102	13,920
Selling, General & Admin	3,307	3,338	3,137	3,217	4,293
Research & Development	185.71	173.32	205.77	191.06	143.45
Other Operating Expenses	-53.57	744.15	891.43	996.72	811.34
Operating Expenses	3,421	4,285	4,213	4,428	5,252
Operating Income	10,888	9,202	9,776	8,674	8,667
Interest Expense	-1,088	-1,205	-1,123	-1,040	-1,025
Interest & Investment Income	8,375	8,784	7,664	12,508	10,349
Currency Exchange Gain (Loss)	-	27.11	-60.49	-69.38	-120.46
Other Non Operating Income (Expenses)	478.93	-6.77	-20.79	-29.78	-50.3
EBT Excluding Unusual Items	18,653	16,802	16,235	20,043	17,820
Gain (Loss) on Sale of Investments	144.46	216.29	139.97	258.5	107.48
Gain (Loss) on Sale of Assets	465.94	502.67	-6.55	53.34	-94.35
Asset Writedown	-1,053	-	-733.62	-302	-643.65
Other Unusual Items	-	1,195	611.63	71.66	771.85
Pretax Income	18,211	18,716	16,247	20,124	17,961
Income Tax Expense	3,257	2,652	2,239	2,214	2,481
Earnings From Continuing Operations	14,954	16,064	14,008	17,910	15,481
Minority Interest in Earnings	-1,389	-1,109	-804.65	-686.2	-
Net Income	13,565	14,954	13,203	17,224	15,481
Net Income to Common	13,565	14,954	13,203	17,224	15,481
Net Income Growth	-9.29%	13.26%	-23.34%	11.26%	86.35%
Shares Outstanding (Basic)	23,239	23,221	23,200	23,203	24,433
Shares Outstanding (Diluted)	23,251	23,235	23,212	23,203	24,433
Shares Change (YoY)	0.07%	0.10%	0.04%	-5.03%	5.44%
EPS (Basic)	0.58	0.64	0.57	0.74	0.63
EPS (Diluted)	0.58	0.64	0.57	0.74	0.63
EPS Growth	-9.35%	13.15%	-23.37%	17.16%	76.74%
Free Cash Flow	4,931	2,972	5,412	8,048	9,189
Free Cash Flow Per Share	0.21	0.13	0.23	0.35	0.38
Dividend Per Share	-	0.195	0.172	0.140	0.190
Dividend Growth	-	13.37%	22.86%	-26.30%	48.41%
Gross Margin	36.12%	35.38%	37.25%	35.14%	40.60%
Operating Margin	27.49%	24.14%	26.03%	23.27%	25.28%
Profit Margin	34.24%	39.23%	35.16%	46.20%	45.15%
Free Cash Flow Margin	12.45%	7.80%	14.41%	21.59%	26.80%
EBITDA	15,543	12,779	13,262	11,961	11,962
EBITDA Margin	39.24%	33.53%	35.32%	32.08%	34.89%
D&A For EBITDA	4,656	3,577	3,486	3,287	3,295
EBIT	10,888	9,202	9,776	8,674	8,667
EBIT Margin	27.49%	24.14%	26.03%	23.27%	25.28%
Effective Tax Rate	17.89%	14.17%	13.78%	11.00%	13.81%
Revenue as Reported	39,611	38,117	37,552	37,280	34,289
Advertising Expenses	-	33.62	38.01	42.94	42.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.