SHA:600300 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	3,394	3,297	3,600	3,978	4,164	4,518
Other Revenue	51.54	51.54	56.51	57.57	58.11	49.93
Revenue	3,445	3,349	3,656	4,036	4,222	4,568
Revenue Growth (YoY)	1.32%	-8.42%	-9.40%	-4.42%	-7.57%	-4.81%
Cost of Revenue	2,454	2,420	2,711	3,173	3,370	3,681
Gross Profit	990.67	928.2	945.14	862.6	852.04	886.82
Selling, General & Admin	503.89	470.07	443.42	477.47	488.79	470.78
Research & Development	10.08	8.97	7.03	5.57	3.88	3.36
Other Operating Expenses	46.85	46.48	44.96	43.32	41.86	38.78
Operating Expenses	562.13	526.82	495.13	524.6	535.81	517.22
Operating Income	428.54	401.37	450.01	338.01	316.23	369.6
Interest Expense	-4.33	-4.33	-11.19	-24.95	-56.58	-66.35
Interest & Investment Income	32.09	32.46	6.71	24.8	3.79	14.43
Currency Exchange Gain (Loss)	-0.07	-0.07	0.16	0.57	1.32	-0.29
Other Non Operating Income (Expenses)	9.16	1.07	83.7	-62.36	-56.92	-9.13
EBT Excluding Unusual Items	465.39	430.5	529.4	276.06	207.84	308.24
Gain (Loss) on Sale of Investments	-14.98	-2.01	-1.4	-23.06	-8.09	-11.05
Gain (Loss) on Sale of Assets	0.89	-0.87	116.6	76.49	-11.52	4
Asset Writedown	-3.72	-3.72	-0.23	-26.24	-3.87	-
Other Unusual Items	9.82	9.82	-96.56	7.85	9	13.32
Pretax Income	457.4	433.72	547.81	311.11	193.36	314.51
Income Tax Expense	112.59	102.41	136.91	106.88	101.41	91.15
Earnings From Continuing Operations	344.8	331.3	410.9	204.23	91.96	223.37
Net Income to Company	344.8	331.3	410.9	204.23	91.96	223.37
Minority Interest in Earnings	2.99	3.24	0.25	5.26	3.33	-0.06
Net Income	347.79	334.54	411.14	209.49	95.29	223.3
Net Income to Common	347.79	334.54	411.14	209.49	95.29	223.3
Net Income Growth	-2.13%	-18.63%	96.26%	119.84%	-57.33%	-48.75%
Shares Outstanding (Basic)	1,571	1,593	1,645	1,611	1,588	1,595
Shares Outstanding (Diluted)	1,571	1,593	1,645	1,611	1,588	1,595
Shares Change (YoY)	-7.16%	-3.13%	2.05%	1.47%	-0.43%	-1.17%
EPS (Basic)	0.22	0.21	0.25	0.13	0.06	0.14
EPS (Diluted)	0.22	0.21	0.25	0.13	0.06	0.14
EPS Growth	5.42%	-16.00%	92.31%	116.67%	-57.14%	-48.15%
Free Cash Flow	918.86	870.77	258.95	611.42	152.49	-90.85
Free Cash Flow Per Share	0.58	0.55	0.16	0.38	0.10	-0.06
Dividend Per Share	0.104	0.104	0.128	0.065	0.018	0.030
Dividend Growth	-18.75%	-18.75%	96.92%	261.11%	-40.00%	-70.00%
Gross Margin	28.76%	27.72%	25.85%	21.38%	20.18%	19.41%
Operating Margin	12.44%	11.99%	12.31%	8.38%	7.49%	8.09%
Profit Margin	10.10%	9.99%	11.24%	5.19%	2.26%	4.89%
Free Cash Flow Margin	26.67%	26.00%	7.08%	15.15%	3.61%	-1.99%
EBITDA	629.06	603.02	656.16	568.9	560.08	571.46
EBITDA Margin	18.26%	18.01%	17.95%	14.10%	13.26%	12.51%
D&A For EBITDA	200.52	201.64	206.14	230.89	243.85	201.87
EBIT	428.54	401.37	450.01	338.01	316.23	369.6
EBIT Margin	12.44%	11.99%	12.31%	8.38%	7.49%	8.09%
Effective Tax Rate	24.62%	23.61%	24.99%	34.35%	52.44%	28.98%
Revenue as Reported	3,349	3,349	3,656	4,036	4,222	4,568
Advertising Expenses	-	109.42	73.81	80.32	83.58	104.59

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