SHA:600125 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
Revenue	11,494	13,015	14,693	12,002	17,894
Revenue Growth (YoY)	-11.69%	-11.42%	22.42%	-32.93%	17.98%
Cost of Revenue	10,486	12,190	13,808	11,303	17,138
Gross Profit	1,008	825.34	885.11	699.15	755.69
Selling, General & Admin	214.6	207.17	201.73	207.13	202.45
Research & Development	4.21	4.49	9.33	11.87	4.83
Other Operating Expenses	34.69	32.71	30.98	27.34	35.72
Operating Expenses	251.06	251.92	242.9	255.33	267.42
Operating Income	757.1	573.41	642.21	443.82	488.26
Interest Expense	-20.09	-28.43	-31.56	-46.35	-49.78
Interest & Investment Income	16.89	25.75	27.55	40.7	31.58
Earnings From Equity Investments	-	-	-12.27	-	-
Currency Exchange Gain (Loss)	-0.57	-0.1	-0.11	0.78	0.14
Other Non Operating Income (Expenses)	-1.23	0.59	0.95	-0.8	-0.74
EBT Excluding Unusual Items	752.1	571.22	626.78	438.16	469.45
Gain (Loss) on Sale of Investments	-32.97	-5.55	-	-	-
Gain (Loss) on Sale of Assets	0.21	2.92	2.18	11.48	0.39
Asset Writedown	-0.29	-0.01	-	-	-
Other Unusual Items	21.01	14.66	33.33	27.48	19.73
Pretax Income	740.06	583.24	662.28	477.12	489.57
Income Tax Expense	219.06	201.23	189.64	134.67	149.58
Earnings From Continuing Operations	521	382.01	472.64	342.45	339.99
Minority Interest in Earnings	4.05	-0.09	-1.87	-4.96	-2.68
Net Income	525.05	381.92	470.78	337.49	337.31
Net Income to Common	525.05	381.92	470.78	337.49	337.31
Net Income Growth	37.48%	-18.88%	39.50%	0.05%	-15.80%
Shares Outstanding (Basic)	1,306	1,303	1,304	1,303	1,307
Shares Outstanding (Diluted)	1,306	1,303	1,304	1,303	1,307
Shares Change (YoY)	0.20%	-0.05%	0.08%	-0.33%	0.19%
EPS (Basic)	0.40	0.29	0.36	0.26	0.26
EPS (Diluted)	0.40	0.29	0.36	0.26	0.26
EPS Growth	37.20%	-18.84%	39.38%	0.39%	-15.96%
Free Cash Flow	466.43	435.64	-29.23	719.33	498.12
Free Cash Flow Per Share	0.36	0.33	-0.02	0.55	0.38
Dividend Per Share	0.121	0.090	0.110	0.080	0.080
Dividend Growth	34.44%	-18.18%	37.50%	-	-20.00%
Gross Margin	8.77%	6.34%	6.02%	5.83%	4.22%
Operating Margin	6.59%	4.41%	4.37%	3.70%	2.73%
Profit Margin	4.57%	2.93%	3.20%	2.81%	1.88%
Free Cash Flow Margin	4.06%	3.35%	-0.20%	5.99%	2.78%
EBITDA	1,201	986.15	1,026	804.36	841.88
EBITDA Margin	10.45%	7.58%	6.98%	6.70%	4.71%
D&A For EBITDA	443.79	412.73	383.6	360.54	353.62
EBIT	757.1	573.41	642.21	443.82	488.26
EBIT Margin	6.59%	4.41%	4.37%	3.70%	2.73%
Effective Tax Rate	29.60%	34.50%	28.63%	28.23%	30.55%
Revenue as Reported	11,494	13,015	14,693	12,002	17,894
Advertising Expenses	2.33	3.11	1.69	1.17	0.96

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