SHA:600098 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	51,244	50,398	47,835	46,274	47,437	37,395
Other Revenue	483.08	484.94	493.8	523.72	472.35	557.18
Revenue	51,727	50,883	48,328	46,797	47,910	37,953
Revenue Growth (YoY)	6.70%	5.29%	3.27%	-2.32%	26.24%	19.68%
Cost of Revenue	47,506	46,473	43,220	41,730	44,255	36,446
Gross Profit	4,221	4,410	5,108	5,067	3,655	1,507
Selling, General & Admin	1,292	1,211	1,171	1,176	1,029	925.38
Research & Development	627.96	647.91	685.56	650.56	575.33	521.27
Other Operating Expenses	125.12	125.79	119.75	102.71	106.95	83.38
Operating Expenses	2,055	1,995	1,971	1,942	1,671	1,531
Operating Income	2,166	2,415	3,137	3,125	1,984	-24.41
Interest Expense	-897.05	-897.05	-974.89	-828.39	-763.8	-794.55
Interest & Investment Income	303.78	301.65	325.44	219.91	275.71	274.89
Currency Exchange Gain (Loss)	-1.49	-1.49	1.19	18.89	-10.19	2.94
Other Non Operating Income (Expenses)	-7.56	-15.77	-111.67	-237.05	-77.46	-50.73
EBT Excluding Unusual Items	1,564	1,802	2,377	2,298	1,409	-591.86
Impairment of Goodwill	-122.94	-122.94	-93.05	-42.76	-	-
Gain (Loss) on Sale of Investments	-3.93	-3.93	12.28	-9.37	11.06	75.44
Gain (Loss) on Sale of Assets	2,161	1,826	0.96	-37.22	1.67	0.76
Asset Writedown	-315.69	-314.63	-3.28	-23.91	-2.72	-2.63
Legal Settlements	-	-	-	-	0.46	-
Other Unusual Items	-136.74	-136.74	89.07	130.42	57.16	169.56
Pretax Income	3,146	3,051	2,384	2,317	1,476	-348.73
Income Tax Expense	569.56	570.87	429.48	451.91	305.18	-246.46
Earnings From Continuing Operations	2,576	2,480	1,955	1,865	1,171	-102.28
Minority Interest in Earnings	-173.86	-160.34	-222.76	-227.24	182.88	274.35
Net Income	2,403	2,319	1,732	1,638	1,354	172.07
Net Income to Common	2,403	2,319	1,732	1,638	1,354	172.07
Net Income Growth	38.34%	33.93%	5.73%	20.98%	686.80%	-80.95%
Shares Outstanding (Basic)	3,503	3,501	3,496	3,489	3,488	2,736
Shares Outstanding (Diluted)	3,503	3,501	3,496	3,489	3,488	2,736
Shares Change (YoY)	0.12%	0.11%	0.20%	0.05%	27.49%	2.55%
EPS (Basic)	0.69	0.66	0.50	0.47	0.39	0.06
EPS (Diluted)	0.69	0.66	0.50	0.47	0.39	0.06
EPS Growth	38.18%	33.78%	5.52%	20.92%	517.17%	-81.43%
Free Cash Flow	-2,380	-1,022	555.47	-1,456	-947.64	-1,062
Free Cash Flow Per Share	-0.68	-0.29	0.16	-0.42	-0.27	-0.39
Dividend Per Share	0.350	0.350	0.270	0.250	0.200	0.100
Dividend Growth	29.63%	29.63%	8.00%	25.00%	100.00%	-41.18%
Gross Margin	8.16%	8.67%	10.57%	10.83%	7.63%	3.97%
Operating Margin	4.19%	4.75%	6.49%	6.68%	4.14%	-0.06%
Profit Margin	4.64%	4.56%	3.58%	3.50%	2.83%	0.45%
Free Cash Flow Margin	-4.60%	-2.01%	1.15%	-3.11%	-1.98%	-2.80%
EBITDA	4,862	5,032	5,440	4,857	3,470	1,389
EBITDA Margin	9.40%	9.89%	11.25%	10.38%	7.24%	3.66%
D&A For EBITDA	2,696	2,617	2,303	1,732	1,486	1,413
EBIT	2,166	2,415	3,137	3,125	1,984	-24.41
EBIT Margin	4.19%	4.75%	6.49%	6.68%	4.14%	-0.06%
Effective Tax Rate	18.10%	18.71%	18.02%	19.50%	20.67%	-
Revenue as Reported	50,883	50,883	48,328	46,797	47,910	37,953

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