SHA:600170 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	213,370	204,583	299,231	303,531	284,986	279,276
Other Revenue	1,413	1,413	985.49	1,097	1,051	1,780
Revenue	214,783	205,997	300,217	304,628	286,037	281,055
Revenue Growth (YoY)	-19.19%	-31.38%	-1.45%	6.50%	1.77%	21.50%
Cost of Revenue	193,073	185,155	274,335	277,898	260,810	255,173
Gross Profit	21,710	20,842	25,881	26,730	25,226	25,883
Selling, General & Admin	8,284	8,326	8,571	8,665	7,856	7,962
Research & Development	8,036	7,745	11,015	10,720	9,943	9,828
Other Operating Expenses	612.06	584.75	1,093	874.48	1,181	1,112
Operating Expenses	18,538	18,262	22,118	21,894	21,134	20,672
Operating Income	3,172	2,580	3,764	4,836	4,093	5,211
Interest Expense	-2,620	-2,620	-2,932	-3,157	-3,466	-3,068
Interest & Investment Income	956.01	956.01	1,291	1,133	1,821	2,446
Currency Exchange Gain (Loss)	-15.01	-15.01	17.24	54.39	110.06	-33.47
Other Non Operating Income (Expenses)	-832.9	-285.06	-563.84	-226.88	-313.15	22.3
EBT Excluding Unusual Items	659.75	615.55	1,576	2,639	2,244	4,577
Impairment of Goodwill	-57.36	-57.36	-6.34	-24.83	-43.68	-31.11
Gain (Loss) on Sale of Investments	197.91	209.1	105.02	-256.04	-876.95	388.19
Gain (Loss) on Sale of Assets	462.44	355.76	745.76	14.61	23.84	60.21
Asset Writedown	-31.86	-25.32	-10.09	-10.17	-	-
Other Unusual Items	580.29	580.29	706.84	591.73	923.84	288.89
Pretax Income	1,811	1,678	3,117	2,954	2,271	5,283
Income Tax Expense	738.85	643.73	991.97	1,296	591.04	1,235
Earnings From Continuing Operations	1,072	1,034	2,126	1,658	1,680	4,048
Minority Interest in Earnings	345.21	202.85	42.18	-100.15	-324.35	-279.32
Net Income	1,418	1,237	2,168	1,558	1,356	3,769
Net Income to Common	1,418	1,237	2,168	1,558	1,356	3,769
Net Income Growth	-16.52%	-42.93%	39.15%	14.91%	-64.03%	12.47%
Shares Outstanding (Basic)	-	8,886	12,043	12,982	13,557	10,469
Shares Outstanding (Diluted)	-	8,886	12,043	12,982	13,557	10,469
Shares Change (YoY)	-	-26.21%	-7.24%	-4.24%	29.50%	17.80%
EPS (Basic)	-	0.14	0.18	0.12	0.10	0.36
EPS (Diluted)	-	0.14	0.18	0.12	0.10	0.36
EPS Growth	-	-22.65%	50.00%	20.00%	-72.22%	5.93%
Free Cash Flow	12,127	4,759	9,673	17,936	6,784	6,789
Free Cash Flow Per Share	-	0.54	0.80	1.38	0.50	0.65
Dividend Per Share	0.035	0.035	0.060	0.060	0.050	0.145
Dividend Growth	-41.67%	-41.67%	-	20.00%	-65.52%	-
Gross Margin	10.11%	10.12%	8.62%	8.77%	8.82%	9.21%
Operating Margin	1.48%	1.25%	1.25%	1.59%	1.43%	1.85%
Profit Margin	0.66%	0.60%	0.72%	0.51%	0.47%	1.34%
Free Cash Flow Margin	5.65%	2.31%	3.22%	5.89%	2.37%	2.42%
EBITDA	5,978	5,407	6,673	7,678	6,599	7,751
EBITDA Margin	2.78%	2.63%	2.22%	2.52%	2.31%	2.76%
D&A For EBITDA	2,807	2,827	2,910	2,842	2,506	2,541
EBIT	3,172	2,580	3,764	4,836	4,093	5,211
EBIT Margin	1.48%	1.25%	1.25%	1.59%	1.43%	1.85%
Effective Tax Rate	40.79%	38.36%	31.82%	43.88%	26.02%	23.38%
Revenue as Reported	205,997	205,997	300,217	304,628	286,037	281,055
Advertising Expenses	-	39.94	30.56	62.55	54.73	83.3

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