SHA:600031 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	90,263	87,270	75,831	71,521	78,921	106,113
Other Revenue	2,406	2,430	2,552	2,498	1,918	760.05
Revenue	92,670	89,700	78,383	74,019	80,839	106,873
Revenue Growth (YoY)	13.38%	14.44%	5.90%	-8.44%	-24.36%	6.82%
Cost of Revenue	66,784	64,749	57,297	54,014	61,304	78,942
Gross Profit	25,886	24,951	21,086	20,005	19,535	27,932
Selling, General & Admin	9,258	8,959	8,415	7,711	8,896	9,322
Research & Development	5,108	5,033	5,381	5,865	6,923	6,509
Other Operating Expenses	141.64	205.34	5.06	226.23	-707.45	-1,296
Operating Expenses	15,361	14,974	14,559	14,914	15,634	14,810
Operating Income	10,524	9,977	6,527	5,090	3,900	13,122
Interest Expense	-685.88	-733.34	-1,102	-1,391	-624.88	-579.67
Interest & Investment Income	1,673	1,577	1,652	980.32	1,442	1,709
Currency Exchange Gain (Loss)	-212.04	-212.04	-305.97	538.66	267.51	-203.06
Other Non Operating Income (Expenses)	-1,856	-527.48	-334	-192.76	86.85	-363.43
EBT Excluding Unusual Items	9,444	10,080	6,438	5,026	5,072	13,685
Impairment of Goodwill	-10.75	-10.75	-	-	-	-
Gain (Loss) on Sale of Investments	290.37	-358.4	109.56	-155.93	-250.26	53.55
Gain (Loss) on Sale of Assets	-156.24	-137.66	-62.03	-39.14	93.17	37.96
Asset Writedown	7.23	-26.55	-43.43	-	-61.8	-6.09
Other Unusual Items	360.2	360.2	465.44	485.85	-	85.92
Pretax Income	9,935	9,907	6,908	5,317	4,853	13,856
Income Tax Expense	1,425	1,420	815.23	710.44	431.09	1,530
Earnings From Continuing Operations	8,509	8,488	6,093	4,606	4,422	12,326
Minority Interest in Earnings	-89.75	-79.59	-136.97	-78.66	-131.78	-292.32
Net Income	8,419	8,408	5,956	4,527	4,290	12,033
Net Income to Common	8,419	8,408	5,956	4,527	4,290	12,033
Net Income Growth	23.00%	41.18%	31.54%	5.53%	-64.35%	-22.04%
Shares Outstanding (Basic)	-	8,550	8,462	8,467	8,452	8,423
Shares Outstanding (Diluted)	-	8,550	8,466	8,467	8,452	8,424
Shares Change (YoY)	-	1.00%	-0.02%	0.18%	0.33%	0.29%
EPS (Basic)	-	0.98	0.70	0.53	0.51	1.43
EPS (Diluted)	-	0.98	0.70	0.53	0.51	1.43
EPS Growth	-	39.79%	31.57%	5.34%	-64.46%	-22.26%
Free Cash Flow	16,358	17,204	11,876	1,183	-1,566	1,604
Free Cash Flow Per Share	-	2.01	1.40	0.14	-0.18	0.19
Dividend Per Share	0.490	0.490	0.360	0.220	0.160	0.450
Dividend Growth	36.11%	36.11%	63.64%	37.50%	-64.44%	-25.00%
Gross Margin	27.93%	27.82%	26.90%	27.03%	24.16%	26.14%
Operating Margin	11.36%	11.12%	8.33%	6.88%	4.83%	12.28%
Profit Margin	9.09%	9.37%	7.60%	6.12%	5.31%	11.26%
Free Cash Flow Margin	17.65%	19.18%	15.15%	1.60%	-1.94%	1.50%
EBITDA	13,214	12,770	9,735	7,961	6,302	15,116
EBITDA Margin	14.26%	14.24%	12.42%	10.76%	7.80%	14.14%
D&A For EBITDA	2,689	2,793	3,208	2,871	2,402	1,994
EBIT	10,524	9,977	6,527	5,090	3,900	13,122
EBIT Margin	11.36%	11.12%	8.33%	6.88%	4.83%	12.28%
Effective Tax Rate	14.35%	14.33%	11.80%	13.36%	8.88%	11.04%
Revenue as Reported	92,670	89,700	78,383	74,019	-	106,873

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