SHA:600325 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	68,957	83,426	55,719	68,350	56,784	48,599
Other Revenue	-	-	4,273	3,795	3,663	2,642
Revenue	68,957	83,426	59,992	72,145	60,447	51,241
Revenue Growth (YoY)	-3.68%	39.06%	-16.84%	19.35%	17.97%	0.46%
Cost of Revenue	63,145	76,129	52,959	60,655	49,027	38,021
Gross Profit	5,812	7,297	7,033	11,490	11,420	13,219
Selling, General & Admin	2,746	2,905	3,171	3,868	3,630	3,109
Research & Development	70.42	68.25	79.03	88.53	109.36	79
Other Operating Expenses	1,935	2,117	2,235	2,729	2,595	3,355
Operating Expenses	4,751	5,090	5,611	6,734	6,436	6,634
Operating Income	1,061	2,207	1,422	4,756	4,984	6,585
Interest Expense	-	-	-1,281	-1,302	-1,133	-1,415
Interest & Investment Income	128.49	-	1,699	1,302	2,518	1,745
Currency Exchange Gain (Loss)	-	-	56.45	25.45	-44.65	24.53
Other Non Operating Income (Expenses)	-2,742	-2,383	-18.72	-17.36	15.43	1.34
EBT Excluding Unusual Items	-1,523	-175.78	1,878	4,763	6,339	6,941
Gain (Loss) on Sale of Investments	-1,578	-1,565	68.37	991.77	168.31	19.6
Gain (Loss) on Sale of Assets	-1.4	0.48	3.52	-4.27	1.14	-2.23
Asset Writedown	-5,730	-5,730	-0.43	-0.91	-0.55	-
Other Unusual Items	-	-	12.09	123.03	20.85	-129.53
Pretax Income	-8,833	-7,470	1,962	5,873	6,529	6,829
Income Tax Expense	2,156	2,275	557.36	2,408	1,651	2,152
Earnings From Continuing Operations	-10,989	-9,745	1,405	3,465	4,878	4,677
Minority Interest in Earnings	355.74	249.37	-453.26	-1,627	-2,268	-1,482
Net Income	-10,633	-9,496	951.3	1,838	2,610	3,195
Net Income to Common	-10,633	-9,496	951.3	1,838	2,610	3,195
Net Income Growth	-	-	-48.24%	-29.58%	-18.31%	10.09%
Shares Outstanding (Basic)	2,723	2,729	2,718	2,326	2,289	2,384
Shares Outstanding (Diluted)	2,723	2,729	2,718	2,326	2,289	2,384
Shares Change (YoY)	-0.50%	0.39%	16.83%	1.62%	-3.97%	-4.70%
EPS (Basic)	-3.91	-3.48	0.35	0.79	1.14	1.34
EPS (Diluted)	-3.91	-3.48	0.35	0.79	1.14	1.34
EPS Growth	-	-	-55.70%	-30.70%	-14.92%	15.52%
Free Cash Flow	6,552	12,701	5,593	-1,841	7,820	6,140
Free Cash Flow Per Share	2.41	4.66	2.06	-0.79	3.42	2.58
Dividend Per Share	-	-	0.104	0.370	0.370	0.460
Dividend Growth	-	-	-71.89%	-	-19.56%	2.22%
Gross Margin	8.43%	8.75%	11.72%	15.93%	18.89%	25.80%
Operating Margin	1.54%	2.65%	2.37%	6.59%	8.24%	12.85%
Profit Margin	-15.42%	-11.38%	1.59%	2.55%	4.32%	6.24%
Free Cash Flow Margin	9.50%	15.22%	9.32%	-2.55%	12.94%	11.98%
EBITDA	1,357	2,491	1,661	4,967	5,172	6,686
EBITDA Margin	1.97%	2.99%	2.77%	6.88%	8.56%	13.05%
D&A For EBITDA	296.02	284.54	238.58	211.12	188.86	101.2
EBIT	1,061	2,207	1,422	4,756	4,984	6,585
EBIT Margin	1.54%	2.65%	2.37%	6.59%	8.24%	12.85%
Effective Tax Rate	-	-	28.41%	41.00%	25.29%	31.52%
Revenue as Reported	-	-	59,992	72,145	60,447	51,241
Advertising Expenses	-	-	577.64	878	683.31	-

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