SHA:600020 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	6,599	6,969	5,703	7,411	5,607
Revenue	6,599	6,969	5,703	7,411	5,607
Revenue Growth (YoY)	-5.31%	22.20%	-23.04%	32.17%	10.44%
Cost of Revenue	5,152	4,889	3,335	5,925	3,298
Gross Profit	1,447	2,080	2,367	1,486	2,308
Selling, General & Admin	135.29	209.7	236.57	187.88	222.82
Research & Development	5.02	0.5	-	0.5	0.37
Other Operating Expenses	45.08	49.14	51.83	59.66	95.23
Operating Expenses	326.5	335.28	320.6	253.33	314.04
Operating Income	1,120	1,745	2,047	1,232	1,994
Interest Expense	-732.16	-897.11	-1,088	-1,220	-1,358
Interest & Investment Income	780.27	342.22	138.6	189.4	274.67
Other Non Operating Income (Expenses)	-28.28	-35.35	-38.76	-27.72	-14.82
EBT Excluding Unusual Items	1,140	1,154	1,059	173.78	895.79
Gain (Loss) on Sale of Investments	9.19	-	-10.25	-38.33	-
Gain (Loss) on Sale of Assets	-0.84	0.08	-3.96	-2.3	18.17
Asset Writedown	-5.75	-4.37	-7.1	-18.44	-5.58
Legal Settlements	-0.08	-0.02	-0	-0.02	-1.16
Other Unusual Items	35.83	56.11	65.52	64.08	35.93
Pretax Income	1,178	1,206	1,103	178.76	943.14
Income Tax Expense	550.1	319	274.57	39.52	199.82
Earnings From Continuing Operations	628.24	887.09	828.64	139.24	743.32
Net Income to Company	628.24	887.09	828.64	139.24	743.32
Minority Interest in Earnings	0.25	-0.24	-0.21	0.93	0.15
Net Income	628.49	886.85	828.43	140.17	743.47
Preferred Dividends & Other Adjustments	112.99	127.01	114.62	98.62	103.06
Net Income to Common	515.5	759.84	713.81	41.55	640.41
Net Income Growth	-29.13%	7.05%	491.00%	-81.15%	206.71%
Shares Outstanding (Basic)	2,247	2,247	2,248	2,246	2,247
Shares Outstanding (Diluted)	2,247	2,247	2,248	2,246	2,247
Shares Change (YoY)	-0.01%	-0.01%	0.06%	-0.04%	0.03%
EPS (Basic)	0.23	0.34	0.32	0.02	0.28
EPS (Diluted)	0.23	0.34	0.32	0.02	0.28
EPS Growth	-32.15%	6.46%	1616.76%	-93.51%	360.42%
Free Cash Flow	550.38	-941.93	1,331	-1,561	2,487
Free Cash Flow Per Share	0.24	-0.42	0.59	-0.69	1.11
Dividend Per Share	0.120	0.170	0.149	0.019	0.100
Dividend Growth	-29.41%	14.09%	684.21%	-81.00%	185.71%
Gross Margin	21.92%	29.84%	41.51%	20.05%	41.17%
Operating Margin	16.98%	25.03%	35.89%	16.63%	35.57%
Profit Margin	7.81%	10.90%	12.52%	0.56%	11.42%
Free Cash Flow Margin	8.34%	-13.52%	23.35%	-21.07%	44.35%
EBITDA	2,305	2,938	3,202	2,334	3,550
EBITDA Margin	34.93%	42.16%	56.15%	31.49%	63.31%
D&A For EBITDA	1,185	1,194	1,155	1,102	1,555
EBIT	1,120	1,745	2,047	1,232	1,994
EBIT Margin	16.98%	25.03%	35.89%	16.63%	35.57%
Effective Tax Rate	46.69%	26.45%	24.89%	22.11%	21.19%
Revenue as Reported	6,599	6,969	5,703	7,411	5,607
Advertising Expenses	1.68	1.05	3.65	3.61	7.6

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