SHA:600195 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	6,415	6,165	5,991	5,383	5,847	5,238
Other Revenue	39.94	39.94	26.65	23.76	44.99	63.51
Revenue	6,455	6,205	6,017	5,406	5,892	5,302
Revenue Growth (YoY)	4.94%	3.11%	11.30%	-8.24%	11.13%	6.06%
Cost of Revenue	5,343	5,133	5,037	4,369	4,657	3,797
Gross Profit	1,112	1,072	979.7	1,038	1,235	1,505
Selling, General & Admin	841.31	839.46	762.21	679.34	697.84	812.43
Research & Development	160.48	152.78	143.9	122.85	143.27	162.57
Other Operating Expenses	25.59	25.5	20.32	21.57	8.71	23.84
Operating Expenses	1,042	1,033	933.83	824.59	850.02	1,001
Operating Income	69.51	39	45.87	213.12	384.8	503.69
Interest Expense	-30.63	-29.03	-38.72	-24.98	-12.69	-8.51
Interest & Investment Income	137.2	150.46	82.87	210	200.22	187.39
Currency Exchange Gain (Loss)	-0.05	-0.05	4.44	2.23	10.23	-2.41
Other Non Operating Income (Expenses)	-8.66	-2.89	5.6	3	-2.89	-3.11
EBT Excluding Unusual Items	167.37	157.5	100.06	403.37	579.67	677.05
Gain (Loss) on Sale of Investments	82.73	110.07	-	-	-	-0.81
Gain (Loss) on Sale of Assets	-1.88	-1.79	1.04	0.87	37.57	-0.07
Asset Writedown	-5.3	-5.32	-0.56	1.22	-0.04	-11.46
Other Unusual Items	-42.59	-42.59	-2.33	0.92	9.34	4.49
Pretax Income	200.33	217.87	98.2	406.38	626.53	669.21
Income Tax Expense	52.75	41.63	36.77	59.45	76.02	81.88
Earnings From Continuing Operations	147.57	176.24	61.43	346.94	550.51	587.33
Minority Interest in Earnings	-16.09	-4.92	9.46	56.12	-0.44	-73.47
Net Income	131.48	171.32	70.88	403.05	550.07	513.86
Net Income to Common	131.48	171.32	70.88	403.05	550.07	513.86
Net Income Growth	125.26%	141.68%	-82.41%	-26.73%	7.05%	22.22%
Shares Outstanding (Basic)	1,021	1,021	1,021	1,021	1,018	1,016
Shares Outstanding (Diluted)	1,021	1,021	1,021	1,021	1,018	1,016
Shares Change (YoY)	-0.04%	-0.04%	0.02%	0.27%	0.29%	0.19%
EPS (Basic)	0.13	0.17	0.07	0.39	0.54	0.51
EPS (Diluted)	0.13	0.17	0.07	0.39	0.54	0.51
EPS Growth	125.35%	141.79%	-82.42%	-26.92%	6.74%	21.99%
Free Cash Flow	919.97	916.26	-39.23	-270.15	-686.23	-95.73
Free Cash Flow Per Share	0.90	0.90	-0.04	-0.27	-0.67	-0.09
Dividend Per Share	0.051	0.051	0.023	0.119	0.180	0.151
Dividend Growth	121.74%	121.74%	-80.67%	-33.89%	19.06%	20.94%
Gross Margin	17.22%	17.27%	16.28%	19.19%	20.96%	28.39%
Operating Margin	1.08%	0.63%	0.76%	3.94%	6.53%	9.50%
Profit Margin	2.04%	2.76%	1.18%	7.46%	9.34%	9.69%
Free Cash Flow Margin	14.25%	14.77%	-0.65%	-5.00%	-11.65%	-1.81%
EBITDA	416.6	379.95	362.24	506.58	646.28	752.93
EBITDA Margin	6.45%	6.12%	6.02%	9.37%	10.97%	14.20%
D&A For EBITDA	347.1	340.95	316.37	293.46	261.48	249.24
EBIT	69.51	39	45.87	213.12	384.8	503.69
EBIT Margin	1.08%	0.63%	0.76%	3.94%	6.53%	9.50%
Effective Tax Rate	26.33%	19.11%	37.45%	14.63%	12.13%	12.23%
Revenue as Reported	6,455	6,205	6,017	5,406	5,892	5,302
Advertising Expenses	-	5.73	5.98	5.72	7.42	8.27

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