SHA:600278 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	32,486	32,880	35,293	33,496	41,389	43,364
Other Revenue	164.91	164.91	135.92	150.94	90.02	185.15
Revenue	32,650	33,045	35,429	33,647	41,479	43,549
Revenue Growth (YoY)	-7.05%	-6.73%	5.30%	-18.88%	-4.75%	3.78%
Cost of Revenue	31,019	31,345	33,786	31,889	39,392	41,880
Gross Profit	1,631	1,700	1,643	1,757	2,087	1,669
Selling, General & Admin	1,279	1,304	1,361	1,368	1,358	1,242
Research & Development	12.5	12.24	6.17	4.27	3.49	1.94
Other Operating Expenses	41.23	46.15	39.88	40.5	19.47	46.85
Operating Expenses	1,361	1,392	1,455	1,461	1,391	1,269
Operating Income	269.88	308.33	188.16	296.05	695.91	399.85
Interest Expense	-33.74	-36.81	-37.71	-42.31	-55.88	-57.47
Interest & Investment Income	110.45	104.11	133.81	122.34	124.02	166.67
Currency Exchange Gain (Loss)	-24.69	-24.69	59.99	-7.67	-	86.98
Other Non Operating Income (Expenses)	-9.08	-37.12	-78.82	-27.15	-179.45	-37.63
EBT Excluding Unusual Items	312.83	313.82	265.44	341.25	584.59	558.41
Gain (Loss) on Sale of Investments	-28.06	-5.67	93.2	38.55	-14.46	17.34
Gain (Loss) on Sale of Assets	9.11	8.82	5.85	65.66	0.41	1.4
Asset Writedown	-	-	-	-	-	-46.37
Legal Settlements	-	-	-	-	-	-3.04
Other Unusual Items	52.17	52.17	28.12	49.17	46.64	52.07
Pretax Income	346.03	369.15	392.61	494.62	617.17	579.81
Income Tax Expense	102.5	103.76	110.54	119.08	140.1	118.73
Earnings From Continuing Operations	243.53	265.38	282.07	375.54	477.08	461.08
Minority Interest in Earnings	-61.04	-62.88	-65.82	-103.42	-107.56	-80.32
Net Income	182.49	202.5	216.25	272.12	369.52	380.77
Net Income to Common	182.49	202.5	216.25	272.12	369.52	380.77
Net Income Growth	-13.75%	-6.36%	-20.53%	-26.36%	-2.95%	36.94%
Shares Outstanding (Basic)	871	880	865	878	880	865
Shares Outstanding (Diluted)	871	880	865	878	880	865
Shares Change (YoY)	-1.15%	1.78%	-1.46%	-0.23%	1.67%	15.16%
EPS (Basic)	0.21	0.23	0.25	0.31	0.42	0.44
EPS (Diluted)	0.21	0.23	0.25	0.31	0.42	0.44
EPS Growth	-12.74%	-8.00%	-19.36%	-26.19%	-4.54%	18.92%
Free Cash Flow	54.4	-84.79	-286.53	264.53	890.26	-177.93
Free Cash Flow Per Share	0.06	-0.10	-0.33	0.30	1.01	-0.21
Dividend Per Share	0.099	0.099	0.167	0.093	0.126	0.130
Dividend Growth	-40.72%	-40.72%	79.47%	-26.15%	-3.08%	39.78%
Gross Margin	5.00%	5.14%	4.64%	5.22%	5.03%	3.83%
Operating Margin	0.83%	0.93%	0.53%	0.88%	1.68%	0.92%
Profit Margin	0.56%	0.61%	0.61%	0.81%	0.89%	0.87%
Free Cash Flow Margin	0.17%	-0.26%	-0.81%	0.79%	2.15%	-0.41%
EBITDA	380.35	417.62	292.74	413.88	819.39	530.27
EBITDA Margin	1.17%	1.26%	0.83%	1.23%	1.98%	1.22%
D&A For EBITDA	110.47	109.29	104.57	117.83	123.48	130.42
EBIT	269.88	308.33	188.16	296.05	695.91	399.85
EBIT Margin	0.83%	0.93%	0.53%	0.88%	1.68%	0.92%
Effective Tax Rate	29.62%	28.11%	28.16%	24.08%	22.70%	20.48%
Revenue as Reported	32,650	33,045	35,429	33,647	41,479	43,549
Advertising Expenses	-	20.18	18	14.15	5.72	15.05

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