SHA:600269 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	6,175	6,238	5,924	7,455	6,728	6,392
Other Revenue	45.2	45.2	60.85	37.43	30	37.55
Revenue	6,220	6,283	5,985	7,492	6,758	6,430
Revenue Growth (YoY)	3.90%	4.98%	-20.12%	10.86%	5.12%	26.92%
Cost of Revenue	3,965	4,025	3,624	5,170	4,618	3,909
Gross Profit	2,255	2,258	2,361	2,322	2,140	2,521
Selling, General & Admin	377.38	377.69	377.92	382.47	362.71	393.5
Research & Development	52.96	55.42	71.15	62.4	73.36	60.66
Other Operating Expenses	29.93	31.62	34.32	43.42	13.91	11.13
Operating Expenses	470.01	474.47	467.31	476.14	456.64	487.97
Operating Income	1,785	1,784	1,894	1,846	1,684	2,033
Interest Expense	-222.24	-222.24	-339.44	-416.1	-503.78	-551.08
Interest & Investment Income	87.47	84.55	104.49	146.27	129.83	76.63
Other Non Operating Income (Expenses)	-4.02	-9.33	-2.3	-5.52	-75.91	-8.71
EBT Excluding Unusual Items	1,646	1,637	1,656	1,571	1,234	1,550
Gain (Loss) on Sale of Investments	55.3	283.96	302.04	190.48	-142.92	-338.77
Gain (Loss) on Sale of Assets	-26.81	-26.88	-126.81	-102.09	0.74	0.36
Asset Writedown	1.2	-	-0	-	-12.35	-8.76
Other Unusual Items	27.65	27.65	21.96	23.44	4.71	168.33
Pretax Income	1,703	1,922	1,854	1,682	1,084	1,371
Income Tax Expense	488.87	546.27	521.44	466.04	334.15	374.96
Earnings From Continuing Operations	1,214	1,375	1,332	1,216	749.9	996.06
Minority Interest in Earnings	-88	-95.87	-53.02	-39.02	-53.92	-103.95
Net Income	1,126	1,280	1,279	1,177	695.97	892.11
Net Income to Common	1,126	1,280	1,279	1,177	695.97	892.11
Net Income Growth	-14.43%	0.03%	8.65%	69.16%	-21.99%	69.37%
Shares Outstanding (Basic)	2,305	2,326	2,326	2,355	2,320	2,348
Shares Outstanding (Diluted)	2,305	2,326	2,326	2,355	2,320	2,348
Shares Change (YoY)	-1.74%	0.03%	-1.22%	1.50%	-1.18%	2.51%
EPS (Basic)	0.49	0.55	0.55	0.50	0.30	0.38
EPS (Diluted)	0.49	0.55	0.55	0.50	0.30	0.38
EPS Growth	-12.91%	-	10.00%	66.67%	-21.05%	65.22%
Free Cash Flow	975.99	1,285	173.58	162.67	1,524	2,846
Free Cash Flow Per Share	0.42	0.55	0.07	0.07	0.66	1.21
Dividend Per Share	0.170	0.170	0.170	0.160	0.100	0.120
Dividend Growth	-	-	6.25%	60.00%	-16.67%	-40.00%
Gross Margin	36.25%	35.95%	39.45%	30.99%	31.67%	39.21%
Operating Margin	28.69%	28.39%	31.64%	24.64%	24.91%	31.62%
Profit Margin	18.11%	20.36%	21.37%	15.71%	10.30%	13.88%
Free Cash Flow Margin	15.69%	20.45%	2.90%	2.17%	22.55%	44.26%
EBITDA	2,965	2,951	3,006	2,911	2,815	3,175
EBITDA Margin	47.67%	46.97%	50.23%	38.85%	41.65%	49.39%
D&A For EBITDA	1,180	1,167	1,113	1,065	1,131	1,142
EBIT	1,785	1,784	1,894	1,846	1,684	2,033
EBIT Margin	28.69%	28.39%	31.64%	24.64%	24.91%	31.62%
Effective Tax Rate	28.70%	28.43%	28.13%	27.70%	30.82%	27.35%
Revenue as Reported	6,283	6,283	5,985	7,492	6,758	6,430
Advertising Expenses	-	1.83	2.85	5.57	7.11	11.88

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