SHA:600295 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	25,564	25,308	28,023	30,143	35,937	36,056
Other Revenue	433.49	433.49	380.52	410.79	456.92	417.54
Revenue	25,997	25,741	28,403	30,554	36,393	36,473
Revenue Growth (YoY)	-4.79%	-9.37%	-7.04%	-16.05%	-0.22%	57.61%
Cost of Revenue	19,823	19,576	23,005	23,819	25,884	23,882
Gross Profit	6,174	6,165	5,398	6,734	10,509	12,591
Selling, General & Admin	2,594	2,601	2,470	2,312	2,205	2,328
Research & Development	205.58	198.24	178.53	182.84	548.28	539.35
Other Operating Expenses	617.73	614.38	546.71	690.4	1,127	751.53
Operating Expenses	3,409	3,402	3,184	3,188	3,893	3,604
Operating Income	2,765	2,763	2,215	3,546	6,616	8,987
Interest Expense	-114.07	-116.87	-192.92	-209.35	-349.97	-545.69
Interest & Investment Income	1,043	897.15	1,309	1,237	2,014	1,670
Currency Exchange Gain (Loss)	1.53	1.53	9.88	-6.54	35.29	-6.52
Other Non Operating Income (Expenses)	-26.65	-37.21	-446.46	-38.69	-57.6	-155.17
EBT Excluding Unusual Items	3,669	3,508	2,894	4,529	8,258	9,949
Gain (Loss) on Sale of Investments	-7.2	-38.32	-50.53	-56.75	-8.8	-
Gain (Loss) on Sale of Assets	10.32	9.65	9.17	15.21	11.52	11.5
Asset Writedown	-295.55	-330.55	-558.54	-76.1	-553.63	-444.29
Other Unusual Items	104.94	104.94	98.68	-241.74	236.55	56.2
Pretax Income	3,492	3,264	2,398	4,177	7,948	9,580
Income Tax Expense	565.83	597.82	430.43	437.26	1,281	1,390
Earnings From Continuing Operations	2,926	2,666	1,968	3,740	6,667	8,190
Minority Interest in Earnings	-366.73	-303.12	-121.09	-835.98	-1,942	-2,099
Net Income	2,559	2,363	1,847	2,904	4,726	6,091
Net Income to Common	2,559	2,363	1,847	2,904	4,726	6,091
Net Income Growth	30.61%	27.93%	-36.39%	-38.55%	-22.41%	298.58%
Shares Outstanding (Basic)	2,808	2,813	2,798	2,792	2,796	2,796
Shares Outstanding (Diluted)	2,808	2,813	2,798	2,792	2,796	2,796
Shares Change (YoY)	0.52%	0.52%	0.23%	-0.15%	0.01%	-0.13%
EPS (Basic)	0.91	0.84	0.66	1.04	1.69	2.18
EPS (Diluted)	0.91	0.84	0.66	1.04	1.69	2.18
EPS Growth	29.94%	27.27%	-36.54%	-38.46%	-22.43%	299.08%
Free Cash Flow	3,925	3,645	3,594	5,602	3,911	11,735
Free Cash Flow Per Share	1.40	1.30	1.28	2.01	1.40	4.20
Dividend Per Share	0.700	0.700	0.600	0.800	0.714	1.020
Dividend Growth	16.67%	16.67%	-25.00%	12.00%	-30.00%	149.98%
Gross Margin	23.75%	23.95%	19.01%	22.04%	28.88%	34.52%
Operating Margin	10.64%	10.73%	7.80%	11.61%	18.18%	24.64%
Profit Margin	9.84%	9.18%	6.50%	9.50%	12.98%	16.70%
Free Cash Flow Margin	15.10%	14.16%	12.65%	18.34%	10.75%	32.17%
EBITDA	5,300	5,307	4,794	5,982	9,513	11,722
EBITDA Margin	20.39%	20.62%	16.88%	19.58%	26.14%	32.14%
D&A For EBITDA	2,535	2,544	2,579	2,436	2,897	2,735
EBIT	2,765	2,763	2,215	3,546	6,616	8,987
EBIT Margin	10.64%	10.73%	7.80%	11.61%	18.18%	24.64%
Effective Tax Rate	16.20%	18.32%	17.95%	10.47%	16.12%	14.51%
Revenue as Reported	25,997	25,741	28,403	30,554	36,393	36,473
Advertising Expenses	-	305.72	238.93	170.42	205.78	151.59

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