SHA:600115 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	137,114	129,259	110,741	43,921	64,529
Other Revenue	2,827	2,861	3,047	2,384	2,598
Revenue	139,941	132,120	113,788	46,305	67,127
Revenue Growth (YoY)	5.92%	16.11%	145.74%	-31.02%	14.47%
Cost of Revenue	132,685	126,541	112,484	74,844	80,062
Gross Profit	7,256	5,579	1,304	-28,539	-12,935
Selling, General & Admin	10,137	9,644	7,950	5,968	6,028
Research & Development	278	343	277	305	315
Other Operating Expenses	-5,036	-5,090	-4,656	-2,321	-3,906
Operating Expenses	5,383	4,935	3,583	3,957	2,440
Operating Income	1,873	644	-2,279	-32,496	-15,375
Interest Expense	-4,146	-5,089	-6,014	-6,063	-5,729
Interest & Investment Income	104	115	633	512	348
Currency Exchange Gain (Loss)	205	-763	-901	-2,704	1,619
Other Non Operating Income (Expenses)	-87	-44	59	-36	-51
EBT Excluding Unusual Items	-2,051	-5,137	-8,502	-40,787	-19,188
Gain (Loss) on Sale of Investments	921	345	-7	-210	-11
Gain (Loss) on Sale of Assets	207	394	86	180	734
Asset Writedown	-9	-23	-51	-177	-16
Other Unusual Items	1,206	517	174	880	968
Pretax Income	274	-3,904	-8,300	-40,114	-17,513
Income Tax Expense	2,226	894	336	-244	-4,229
Earnings From Continuing Operations	-1,952	-4,798	-8,636	-39,870	-13,284
Minority Interest in Earnings	319	572	446	2,514	1,070
Net Income	-1,633	-4,226	-8,190	-37,356	-12,214
Preferred Dividends & Other Adjustments	700	-	-	-	-
Net Income to Common	-2,333	-4,226	-8,190	-37,356	-12,214
Shares Outstanding (Basic)	22,155	22,291	22,291	18,874	16,795
Shares Outstanding (Diluted)	22,155	22,291	22,291	18,874	16,795
Shares Change (YoY)	-0.61%	-	18.10%	12.38%	2.54%
EPS (Basic)	-0.11	-0.19	-0.37	-1.98	-0.73
EPS (Diluted)	-0.11	-0.19	-0.37	-1.98	-0.73
Free Cash Flow	17,148	20,975	7,888	-16,452	-5,115
Free Cash Flow Per Share	0.77	0.94	0.35	-0.87	-0.30
Gross Margin	5.18%	4.22%	1.15%	-61.63%	-19.27%
Operating Margin	1.34%	0.49%	-2.00%	-70.18%	-22.90%
Profit Margin	-1.67%	-3.20%	-7.20%	-80.67%	-18.20%
Free Cash Flow Margin	12.25%	15.88%	6.93%	-35.53%	-7.62%
EBITDA	14,476	12,081	7,631	-23,833	-5,406
EBITDA Margin	10.34%	9.14%	6.71%	-51.47%	-8.05%
D&A For EBITDA	12,603	11,437	9,910	8,663	9,969
EBIT	1,873	644	-2,279	-32,496	-15,375
EBIT Margin	1.34%	0.49%	-2.00%	-70.18%	-22.90%
Effective Tax Rate	812.41%	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.