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	Jun '26 Jun 30, 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	347,338	347,738	345,976	335,170	319,348	296,153
Other Revenue	46,046	44,484	43,614	37,427	35,595	31,701
Revenue	393,384	392,223	389,589	372,597	354,944	327,854
Revenue Growth	0.24%	0.68%	4.56%	4.97%	8.26%	7.90%
Cost of Revenue	307,535	300,168	298,649	281,405	269,186	247,825
Gross Profit	85,850	92,055	90,940	91,192	85,758	80,030
Selling, General & Admin	61,433	60,293	60,379	59,831	57,436	56,992
Research & Development	9,138	8,984	8,835	8,099	6,836	4,792
Other Operating Expenses	2,560	1,784	1,331	1,542	1,397	1,427
Operating Expenses	77,160	76,350	77,517	75,555	71,934	65,770
Operating Income	8,690	15,705	13,423	15,637	13,823	14,259
Interest Expense	-1,018	-1,220	-1,655	-1,846	-962.96	-1,229
Interest & Investment Income	6,653	6,459	6,648	6,911	6,076	5,592
Currency Exchange Gain (Loss)	46.77	66.09	-25.78	54.77	15.49	-7.55
Other Non Operating Income (Expenses)	-26.08	-17.8	-21.65	-108.67	-337.69	-320.58
EBT Excluding Unusual Items	14,345	20,992	18,369	20,649	18,614	18,294
Gain (Loss) on Sale of Investments	82.58	20.45	48.63	113.61	23.67	-38.97
Gain (Loss) on Sale of Assets	2,626	2,694	2,827	-778.4	-1,340	-3,523
Asset Writedown	-49.02	-58.7	-119.67	-567.78	-675.93	-298.65
Other Unusual Items	1,826	1,656	3,967	3,294	3,746	3,374
Pretax Income	18,830	25,303	25,092	22,710	20,367	17,807
Income Tax Expense	3,040	4,515	4,491	3,997	3,716	3,391
Earnings From Continuing Operations	15,790	20,788	20,601	18,713	16,651	14,416
Minority Interest in Earnings	-8,873	-11,661	-11,571	-10,540	-9,352	-8,111
Net Income	6,917	9,127	9,030	8,173	7,299	6,305
Preferred Dividends & Other Adjustments	79.09	140.55	140.87	211.67	186.87	45.4
Net Income to Common	6,838	8,986	8,889	7,961	7,113	6,260
Net Income Growth	-26.17%	1.09%	11.66%	11.93%	13.62%	15.35%
Shares Outstanding (Basic)	30,821	30,767	30,489	30,451	30,392	30,350
Shares Outstanding (Diluted)	30,821	30,767	30,489	30,451	30,392	30,350
Shares Change	0.57%	0.91%	0.12%	0.20%	0.14%	-0.37%
EPS (Basic)	0.22	0.29	0.29	0.26	0.23	0.21
EPS (Diluted)	0.22	0.29	0.29	0.26	0.23	0.21
EPS Growth	-26.57%	0.18%	11.71%	11.54%	13.59%	15.73%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	29,690	23,770	15,513	24,970	29,241	39,925
Free Cash Flow Per Share	0.96	0.77	0.51	0.82	0.96	1.31
Dividend Per Share	0.051	0.164	0.158	0.132	0.109	0.088
Dividend Growth	-70.42%	3.48%	19.70%	21.10%	24.01%	31.39%
Gross Margin	21.82%	23.47%	23.34%	24.47%	24.16%	24.41%
Operating Margin	2.21%	4.00%	3.45%	4.20%	3.90%	4.35%
Profit Margin	1.74%	2.29%	2.28%	2.14%	2.00%	1.91%
Free Cash Flow Margin	7.55%	6.06%	3.98%	6.70%	8.24%	12.18%
EBITDA	65,540	73,697	76,159	81,385	83,539	84,149
EBITDA Margin	16.66%	18.79%	19.55%	21.84%	23.54%	25.67%
D&A For EBITDA	56,850	57,992	62,736	65,748	69,715	69,890
EBIT	8,690	15,705	13,423	15,637	13,823	14,259
EBIT Margin	2.21%	4.00%	3.45%	4.20%	3.90%	4.35%
Effective Tax Rate	16.15%	17.84%	17.90%	17.60%	18.25%	19.04%