SHA:600196 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	41,625	40,972	40,396	40,911	43,377	38,666
Other Revenue	689.21	689.21	671.23	488.71	574.48	345.58
Revenue	42,315	41,662	41,067	41,400	43,952	39,011
Revenue Growth (YoY)	4.92%	1.45%	-0.80%	-5.81%	12.66%	28.72%
Cost of Revenue	21,024	20,878	21,426	21,717	23,256	20,294
Gross Profit	21,290	20,784	19,641	19,683	20,696	18,717
Selling, General & Admin	13,949	13,777	12,963	14,087	12,999	12,328
Research & Development	4,172	4,013	3,644	4,346	4,302	3,837
Other Operating Expenses	94.12	81.12	-47.52	-44.99	-88.15	-57.86
Operating Expenses	18,333	17,993	16,668	18,499	17,275	16,180
Operating Income	2,957	2,790	2,974	1,184	3,420	2,537
Interest Expense	-1,232	-1,265	-1,432	-1,325	-963.81	-822.54
Interest & Investment Income	3,396	4,064	2,478	3,866	4,660	4,858
Currency Exchange Gain (Loss)	-152.16	-152.16	-13.36	13.03	62.36	154.63
Other Non Operating Income (Expenses)	-1.13	-38.46	-41.41	-57.73	-31.78	-31.06
EBT Excluding Unusual Items	4,967	5,398	3,965	3,680	7,147	6,695
Impairment of Goodwill	-	-	-	-	-180	-150
Gain (Loss) on Sale of Investments	80.06	-362.6	-115.94	-488.66	-2,498	-110.19
Gain (Loss) on Sale of Assets	71.07	69.35	371.01	5.56	125.6	-15.42
Asset Writedown	-26.98	-41.64	-57.93	-42.14	-20.48	-171.01
Other Unusual Items	30.26	48.09	-5.44	109.38	0.25	-206.16
Pretax Income	5,122	5,112	4,169	3,265	4,574	6,043
Income Tax Expense	735.99	864.05	656.84	369.5	626.92	1,066
Earnings From Continuing Operations	4,386	4,248	3,512	2,895	3,947	4,976
Minority Interest in Earnings	-909.36	-877.37	-742.55	-508.8	-216.66	-247.56
Net Income	3,477	3,371	2,770	2,386	3,731	4,729
Preferred Dividends & Other Adjustments	-	-	-	1.05	-	-
Net Income to Common	3,477	3,371	2,770	2,385	3,731	4,729
Net Income Growth	18.86%	21.69%	16.08%	-36.04%	-21.10%	29.10%
Shares Outstanding (Basic)	2,647	2,646	2,670	2,670	2,607	2,563
Shares Outstanding (Diluted)	2,647	2,646	2,670	2,670	2,607	2,563
Shares Change (YoY)	-0.76%	-0.90%	0.02%	2.40%	1.74%	-
EPS (Basic)	1.31	1.27	1.04	0.89	1.43	1.85
EPS (Diluted)	1.31	1.27	1.04	0.89	1.43	1.85
EPS Growth	19.43%	22.44%	16.10%	-37.52%	-22.50%	29.10%
Free Cash Flow	884.92	764.78	66.79	-1,922	-1,671	-1,035
Free Cash Flow Per Share	0.33	0.29	0.03	-0.72	-0.64	-0.40
Dividend Per Share	0.390	0.390	0.320	0.270	0.420	0.560
Dividend Growth	21.88%	21.88%	18.52%	-35.71%	-25.00%	30.23%
Gross Margin	50.31%	49.89%	47.83%	47.54%	47.09%	47.98%
Operating Margin	6.99%	6.70%	7.24%	2.86%	7.78%	6.50%
Profit Margin	8.22%	8.09%	6.74%	5.76%	8.49%	12.12%
Free Cash Flow Margin	2.09%	1.84%	0.16%	-4.64%	-3.80%	-2.65%
EBITDA	6,178	5,883	5,556	3,883	5,541	4,184
EBITDA Margin	14.60%	14.12%	13.53%	9.38%	12.61%	10.72%
D&A For EBITDA	3,221	3,093	2,582	2,699	2,121	1,647
EBIT	2,957	2,790	2,974	1,184	3,420	2,537
EBIT Margin	6.99%	6.70%	7.24%	2.86%	7.78%	6.50%
Effective Tax Rate	14.37%	16.90%	15.75%	11.32%	13.71%	17.65%

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