SHA:600050 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	347,209	347,738	345,976	335,170	319,348	296,153
Other Revenue	44,484	44,484	43,614	37,427	35,595	31,701
Revenue	391,693	392,223	389,589	372,597	354,944	327,854
Revenue Growth (YoY)	-0.45%	0.68%	4.56%	4.97%	8.26%	7.90%
Cost of Revenue	301,195	300,168	298,649	281,405	269,186	247,825
Gross Profit	90,498	92,055	90,940	91,192	85,758	80,030
Selling, General & Admin	60,647	60,293	60,379	59,831	57,436	56,992
Research & Development	9,061	8,984	8,835	8,099	6,836	4,792
Other Operating Expenses	2,139	1,784	1,331	1,542	1,397	1,427
Operating Expenses	76,605	76,350	77,517	75,555	71,934	65,770
Operating Income	13,893	15,705	13,423	15,637	13,823	14,259
Interest Expense	-1,093	-1,220	-1,655	-1,846	-962.96	-1,229
Interest & Investment Income	6,536	6,459	6,648	6,911	6,076	5,592
Currency Exchange Gain (Loss)	66.09	66.09	-25.78	54.77	15.49	-7.55
Other Non Operating Income (Expenses)	-334.76	-17.8	-21.65	-108.67	-337.69	-320.58
EBT Excluding Unusual Items	19,068	20,992	18,369	20,649	18,614	18,294
Gain (Loss) on Sale of Investments	-5.61	20.45	48.63	113.61	23.67	-38.97
Gain (Loss) on Sale of Assets	2,617	2,694	2,827	-778.4	-1,340	-3,523
Asset Writedown	0.27	-58.7	-119.67	-567.78	-675.93	-298.65
Other Unusual Items	2,126	1,656	3,967	3,294	3,746	3,374
Pretax Income	23,805	25,303	25,092	22,710	20,367	17,807
Income Tax Expense	4,057	4,515	4,491	3,997	3,716	3,391
Earnings From Continuing Operations	19,748	20,788	20,601	18,713	16,651	14,416
Minority Interest in Earnings	-11,090	-11,661	-11,571	-10,540	-9,352	-8,111
Net Income	8,658	9,127	9,030	8,173	7,299	6,305
Preferred Dividends & Other Adjustments	140.55	140.55	140.87	211.67	186.87	45.4
Net Income to Common	8,517	8,986	8,889	7,961	7,113	6,260
Net Income Growth	-5.78%	1.07%	10.49%	11.96%	15.76%	14.20%
Shares Outstanding (Basic)	30,775	30,767	30,489	30,451	30,392	30,350
Shares Outstanding (Diluted)	30,775	30,767	30,489	30,451	30,392	30,350
Shares Change (YoY)	0.92%	0.91%	0.12%	0.20%	0.14%	-0.37%
EPS (Basic)	0.28	0.29	0.29	0.26	0.23	0.21
EPS (Diluted)	0.28	0.29	0.29	0.26	0.23	0.21
EPS Growth	-6.72%	0.18%	11.71%	11.54%	13.59%	15.73%
Free Cash Flow	24,619	23,770	15,513	24,970	29,241	39,925
Free Cash Flow Per Share	0.80	0.77	0.51	0.82	0.96	1.31
Dividend Per Share	0.164	0.164	0.158	0.132	0.109	0.088
Dividend Growth	3.48%	3.48%	19.70%	21.10%	24.01%	31.39%
Gross Margin	23.10%	23.47%	23.34%	24.47%	24.16%	24.41%
Operating Margin	3.55%	4.00%	3.45%	4.20%	3.90%	4.35%
Profit Margin	2.17%	2.29%	2.28%	2.14%	2.00%	1.91%
Free Cash Flow Margin	6.29%	6.06%	3.98%	6.70%	8.24%	12.18%
EBITDA	70,700	73,697	76,159	81,385	83,539	84,149
EBITDA Margin	18.05%	18.79%	19.55%	21.84%	23.54%	25.67%
D&A For EBITDA	56,806	57,992	62,736	65,748	69,715	69,890
EBIT	13,893	15,705	13,423	15,637	13,823	14,259
EBIT Margin	3.55%	4.00%	3.45%	4.20%	3.90%	4.35%
Effective Tax Rate	17.04%	17.84%	17.90%	17.60%	18.25%	19.04%

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