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	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	33,369	32,880	35,293	33,496	41,389	43,364
Other Revenue	155.11	164.91	135.92	150.94	90.02	185.15
Revenue	33,524	33,045	35,429	33,647	41,479	43,549
Revenue Growth	-3.13%	-6.73%	5.30%	-18.88%	-4.75%	3.78%
Cost of Revenue	31,924	31,345	33,786	31,889	39,392	41,880
Gross Profit	1,600	1,700	1,643	1,757	2,087	1,669
Selling, General & Admin	1,253	1,304	1,361	1,368	1,358	1,242
Research & Development	12.75	12.24	6.17	4.27	3.49	1.94
Other Operating Expenses	53.51	46.15	39.88	40.5	19.47	46.85
Operating Expenses	1,349	1,392	1,455	1,461	1,391	1,269
Operating Income	251.24	308.33	188.16	296.05	695.91	399.85
Interest Expense	-31.87	-36.81	-37.71	-42.31	-55.88	-57.47
Interest & Investment Income	119.64	104.11	133.81	122.34	124.02	166.67
Currency Exchange Gain (Loss)	-0.46	-24.69	59.99	-7.67	-	86.98
Other Non Operating Income (Expenses)	-36.24	-37.12	-78.82	-27.15	-179.45	-37.63
EBT Excluding Unusual Items	302.31	313.82	265.44	341.25	584.59	558.41
Gain (Loss) on Sale of Investments	-16.05	-5.67	93.2	38.55	-14.46	17.34
Gain (Loss) on Sale of Assets	10.18	8.82	5.85	65.66	0.41	1.4
Asset Writedown	-	-	-	-	-	-46.37
Legal Settlements	-0.12	-	-	-	-	-3.04
Other Unusual Items	66.54	52.17	28.12	49.17	46.64	52.07
Pretax Income	362.87	369.15	392.61	494.62	617.17	579.81
Income Tax Expense	97.33	103.76	110.54	119.08	140.1	118.73
Earnings From Continuing Operations	265.54	265.38	282.07	375.54	477.08	461.08
Minority Interest in Earnings	-56.26	-62.88	-65.82	-103.42	-107.56	-80.32
Net Income	209.27	202.5	216.25	272.12	369.52	380.77
Net Income to Common	209.27	202.5	216.25	272.12	369.52	380.77
Net Income Growth	3.28%	-6.36%	-20.53%	-26.36%	-2.95%	36.94%
Shares Outstanding (Basic)	873	880	865	878	880	865
Shares Outstanding (Diluted)	873	880	865	878	880	865
Shares Change	-0.76%	1.78%	-1.46%	-0.23%	1.67%	15.16%
EPS (Basic)	0.24	0.23	0.25	0.31	0.42	0.44
EPS (Diluted)	0.24	0.23	0.25	0.31	0.42	0.44
EPS Growth	4.07%	-8.00%	-19.36%	-26.19%	-4.54%	18.92%

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	-309.98	-84.79	-286.53	264.53	890.26	-177.93
Free Cash Flow Per Share	-0.35	-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	33.78%	-40.72%	79.47%	-26.15%	-3.08%	39.78%
Gross Margin	4.77%	5.14%	4.64%	5.22%	5.03%	3.83%
Operating Margin	0.75%	0.93%	0.53%	0.88%	1.68%	0.92%
Profit Margin	0.62%	0.61%	0.61%	0.81%	0.89%	0.87%
Free Cash Flow Margin	-0.92%	-0.26%	-0.81%	0.79%	2.15%	-0.41%
EBITDA	359.5	417.62	292.74	413.88	819.39	530.27
EBITDA Margin	1.07%	1.26%	0.83%	1.23%	1.98%	1.22%
D&A For EBITDA	108.26	109.29	104.57	117.83	123.48	130.42
EBIT	251.24	308.33	188.16	296.05	695.91	399.85
EBIT Margin	0.75%	0.93%	0.53%	0.88%	1.68%	0.92%
Effective Tax Rate	26.82%	28.11%	28.16%	24.08%	22.70%	20.48%
Revenue as Reported	33,524	33,045	35,429	33,647	41,479	43,549
Advertising Expenses	-	20.18	18	14.15	5.72	15.05