SHA:600081 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	5,821	5,991	6,331	6,913	6,524	7,570
Other Revenue	283.27	283.27	479.08	253.17	326.54	291.39
Revenue	6,104	6,274	6,810	7,167	6,850	7,861
Revenue Growth (YoY)	-8.39%	-7.86%	-4.98%	4.62%	-12.86%	4.47%
Cost of Revenue	5,159	5,376	5,975	6,279	5,883	6,810
Gross Profit	945.23	898.53	834.63	887.63	967.69	1,051
Selling, General & Admin	440.96	438.11	442.36	394.21	412.59	430.67
Research & Development	379.41	356.79	341.24	309.13	276.49	245.46
Other Operating Expenses	-4.17	-3.79	-15.28	20.31	31.8	38.46
Operating Expenses	834.86	809.77	772.92	728.52	726.79	718.34
Operating Income	110.36	88.76	61.71	159.11	240.91	332.63
Interest Expense	-18.44	-18.44	-17.55	-27.72	-29.67	-17.28
Interest & Investment Income	181.4	186.34	208.35	200.37	146.45	177.64
Currency Exchange Gain (Loss)	3.21	3.21	1.49	2.15	0.57	1.7
Other Non Operating Income (Expenses)	0.38	-0.41	4.62	-5.11	-1.7	-34.53
EBT Excluding Unusual Items	276.9	259.46	258.61	328.81	356.55	460.16
Gain (Loss) on Sale of Investments	-	-	-	-	-58.44	-
Gain (Loss) on Sale of Assets	-5.11	-4.95	4.04	5.43	1.43	1.78
Asset Writedown	-88	-88.51	-0.61	-4.72	-0.22	-1.3
Other Unusual Items	21.64	21.64	18.92	20.2	33.21	22.86
Pretax Income	205.44	187.64	280.97	349.72	332.54	483.49
Income Tax Expense	43.91	39.11	51.22	47.76	43.87	48.32
Earnings From Continuing Operations	161.53	148.53	229.75	301.96	288.67	435.17
Net Income to Company	161.53	148.53	229.75	301.96	288.67	435.17
Minority Interest in Earnings	-138.68	-129.69	-138.48	-156.96	-179.94	-194.51
Net Income	22.85	18.84	91.28	145	108.73	240.66
Net Income to Common	22.85	18.84	91.28	145	108.73	240.66
Net Income Growth	-78.83%	-79.36%	-37.05%	33.37%	-54.82%	94.02%
Shares Outstanding (Basic)	553	552	568	505	470	366
Shares Outstanding (Diluted)	553	552	568	505	470	366
Shares Change (YoY)	-1.52%	-2.68%	12.51%	7.24%	28.59%	16.69%
EPS (Basic)	0.04	0.03	0.16	0.29	0.23	0.66
EPS (Diluted)	0.04	0.03	0.16	0.29	0.23	0.66
EPS Growth	-78.50%	-78.79%	-44.05%	24.36%	-64.87%	66.28%
Free Cash Flow	-50.82	19.64	290.22	258.23	471.13	268.25
Free Cash Flow Per Share	-0.09	0.04	0.51	0.51	1.00	0.73
Dividend Per Share	0.011	0.011	0.050	0.070	0.074	0.154
Dividend Growth	-78.00%	-78.00%	-28.57%	-4.92%	-52.20%	62.10%
Gross Margin	15.48%	14.32%	12.26%	12.39%	14.13%	13.37%
Operating Margin	1.81%	1.42%	0.91%	2.22%	3.52%	4.23%
Profit Margin	0.37%	0.30%	1.34%	2.02%	1.59%	3.06%
Free Cash Flow Margin	-0.83%	0.31%	4.26%	3.60%	6.88%	3.41%
EBITDA	351.97	329.94	301.2	407.92	484.07	554.31
EBITDA Margin	5.77%	5.26%	4.42%	5.69%	7.07%	7.05%
D&A For EBITDA	241.61	241.19	239.5	248.8	243.16	221.68
EBIT	110.36	88.76	61.71	159.11	240.91	332.63
EBIT Margin	1.81%	1.42%	0.91%	2.22%	3.52%	4.23%
Effective Tax Rate	21.37%	20.84%	18.23%	13.66%	13.19%	9.99%
Revenue as Reported	6,274	6,274	6,810	7,167	6,850	7,861
Advertising Expenses	-	-	-	-	-	0.76

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