SHA:600039 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	113,573	114,516	106,598	114,420	134,832	102,149
Other Revenue	595.62	595.62	639.82	621.24	318.91	404.36
Revenue	114,168	115,111	107,238	115,042	135,151	102,553
Revenue Growth (YoY)	5.60%	7.34%	-6.78%	-14.88%	31.79%	58.84%
Cost of Revenue	97,840	98,588	90,465	94,216	112,107	86,837
Gross Profit	16,328	16,524	16,774	20,825	23,044	15,716
Selling, General & Admin	2,153	2,143	2,416	2,213	1,840	1,351
Research & Development	1,891	1,830	2,599	3,938	4,284	3,311
Other Operating Expenses	212.84	208.6	390.37	349.32	516.13	476.2
Operating Expenses	5,122	5,047	5,816	7,091	7,334	5,383
Operating Income	11,206	11,477	10,957	13,735	15,711	10,333
Interest Expense	-2,333	-2,333	-2,973	-2,806	-2,615	-2,378
Interest & Investment Income	234.95	234.95	1,013	409.58	377.47	216.87
Currency Exchange Gain (Loss)	20.37	20.37	24.63	-10.71	56.67	-16.23
Other Non Operating Income (Expenses)	-144.53	-87.99	41.19	-205.61	-86.85	41.05
EBT Excluding Unusual Items	8,984	9,311	9,063	11,122	13,443	8,197
Impairment of Goodwill	-	-	-	-24.65	-	-0.03
Gain (Loss) on Sale of Investments	7.37	6.71	1.37	-2.64	-7.14	1.86
Gain (Loss) on Sale of Assets	2.28	2.89	5.89	-4.14	0.04	-1.87
Asset Writedown	-68.41	-55.38	-85.44	-106.24	-4.43	-55.1
Other Unusual Items	95.06	95.06	170.6	-15.85	225.26	95.78
Pretax Income	9,020	9,360	9,155	10,968	13,657	8,237
Income Tax Expense	1,851	1,901	1,790	1,931	2,292	1,362
Earnings From Continuing Operations	7,169	7,459	7,365	9,037	11,365	6,876
Minority Interest in Earnings	-150.89	-162.62	-154.69	-33.53	-153.04	-173.63
Net Income	7,018	7,297	7,210	9,004	11,212	6,702
Net Income to Common	7,018	7,297	7,210	9,004	11,212	6,702
Net Income Growth	-2.90%	1.21%	-19.93%	-19.70%	67.30%	122.62%
Shares Outstanding (Basic)	8,668	8,687	8,687	8,658	8,009	8,159
Shares Outstanding (Diluted)	8,668	8,687	8,687	8,658	8,009	8,159
Shares Change (YoY)	-0.46%	0.00%	0.34%	8.10%	-1.84%	50.99%
EPS (Basic)	0.81	0.84	0.83	1.04	1.40	0.82
EPS (Diluted)	0.81	0.84	0.83	1.04	1.40	0.82
EPS Growth	-2.44%	1.21%	-20.19%	-25.71%	70.44%	47.44%
Free Cash Flow	6,460	6,580	-4,129	-9,864	8,059	1,389
Free Cash Flow Per Share	0.74	0.76	-0.47	-1.14	1.01	0.17
Dividend Per Share	0.492	0.492	0.452	0.517	0.650	0.336
Dividend Growth	8.92%	8.92%	-12.63%	-20.46%	93.63%	87.96%
Gross Margin	14.30%	14.36%	15.64%	18.10%	17.05%	15.32%
Operating Margin	9.82%	9.97%	10.22%	11.94%	11.63%	10.08%
Profit Margin	6.15%	6.34%	6.72%	7.83%	8.30%	6.54%
Free Cash Flow Margin	5.66%	5.72%	-3.85%	-8.57%	5.96%	1.35%
EBITDA	12,741	13,427	14,570	16,783	18,707	11,307
EBITDA Margin	11.16%	11.66%	13.59%	14.59%	13.84%	11.03%
D&A For EBITDA	1,534	1,950	3,612	3,048	2,996	973.73
EBIT	11,206	11,477	10,957	13,735	15,711	10,333
EBIT Margin	9.82%	9.97%	10.22%	11.94%	11.62%	10.08%
Effective Tax Rate	20.52%	20.31%	19.56%	17.60%	16.78%	16.53%
Revenue as Reported	115,111	115,111	107,238	115,042	135,151	102,553
Advertising Expenses	-	18.67	18.49	30.85	15.23	23.54

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