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	Jun '26 Jun 30, 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	41,828	40,972	40,396	40,911	43,377	38,666
Other Revenue	760.76	689.21	671.23	488.71	574.48	345.58
Revenue	42,589	41,662	41,067	41,400	43,952	39,011
Revenue Growth	6.16%	1.45%	-0.80%	-5.81%	12.66%	28.72%
Cost of Revenue	21,030	20,878	21,426	21,717	23,256	20,294
Gross Profit	21,559	20,784	19,641	19,683	20,696	18,717
Selling, General & Admin	14,155	13,777	12,963	14,087	12,999	12,328
Research & Development	4,383	4,013	3,644	4,346	4,302	3,837
Other Operating Expenses	159.86	81.12	-47.52	-44.99	-88.15	-57.86
Operating Expenses	18,824	17,993	16,668	18,499	17,275	16,180
Operating Income	2,735	2,790	2,974	1,184	3,420	2,537
Interest Expense	-1,220	-1,265	-1,432	-1,325	-963.81	-822.54
Interest & Investment Income	3,409	4,064	2,478	3,866	4,660	4,858
Currency Exchange Gain (Loss)	-74.75	-152.16	-13.36	13.03	62.36	154.63
Other Non Operating Income (Expenses)	20.12	-38.46	-41.41	-57.73	-31.78	-31.06
EBT Excluding Unusual Items	4,870	5,398	3,965	3,680	7,147	6,695
Impairment of Goodwill	-	-	-	-	-180	-150
Gain (Loss) on Sale of Investments	-0.02	-362.6	-115.94	-488.66	-2,498	-110.19
Gain (Loss) on Sale of Assets	67.43	69.35	371.01	5.56	125.6	-15.42
Asset Writedown	-41.2	-41.64	-57.93	-42.14	-20.48	-171.01
Other Unusual Items	83.97	48.09	-5.44	109.38	0.25	-206.16
Pretax Income	4,980	5,112	4,169	3,265	4,574	6,043
Income Tax Expense	683.43	864.05	656.84	369.5	626.92	1,066
Earnings From Continuing Operations	4,297	4,248	3,512	2,895	3,947	4,976
Minority Interest in Earnings	-906.59	-877.37	-742.55	-508.8	-216.66	-247.56
Net Income	3,390	3,371	2,770	2,386	3,731	4,729
Preferred Dividends & Other Adjustments	-	-	-	1.05	-	-
Net Income to Common	3,390	3,371	2,770	2,385	3,731	4,729
Net Income Growth	4.40%	21.69%	16.13%	-36.07%	-21.10%	29.10%
Shares Outstanding (Basic)	2,641	2,646	2,670	2,670	2,607	2,563
Shares Outstanding (Diluted)	2,641	2,646	2,670	2,670	2,607	2,563
Shares Change	-1.05%	-0.90%	0.02%	2.40%	1.74%	-
EPS (Basic)	1.28	1.27	1.04	0.89	1.43	1.85
EPS (Diluted)	1.28	1.27	1.04	0.89	1.43	1.85
EPS Growth	5.20%	22.44%	16.10%	-37.52%	-22.50%	29.10%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	699.77	764.78	66.79	-1,922	-1,671	-1,035
Free Cash Flow Per Share	0.27	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	50.62%	49.89%	47.83%	47.54%	47.09%	47.98%
Operating Margin	6.42%	6.70%	7.24%	2.86%	7.78%	6.50%
Profit Margin	7.96%	8.09%	6.74%	5.76%	8.49%	12.12%
Free Cash Flow Margin	1.64%	1.84%	0.16%	-4.64%	-3.80%	-2.65%
EBITDA	5,901	5,883	5,556	3,883	5,541	4,184
EBITDA Margin	13.86%	14.12%	13.53%	9.38%	12.61%	10.72%
D&A For EBITDA	3,166	3,093	2,582	2,699	2,121	1,647
EBIT	2,735	2,790	2,974	1,184	3,420	2,537
EBIT Margin	6.42%	6.70%	7.24%	2.86%	7.78%	6.50%
Effective Tax Rate	13.72%	16.90%	15.75%	11.32%	13.71%	17.65%