SHA:600368 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	1,243	1,273	1,476	1,520	1,583	1,750
Other Revenue	72.03	72.03	87.08	113.2	103.79	80.97
Revenue	1,315	1,345	1,563	1,633	1,687	1,831
Revenue Growth (YoY)	-13.74%	-13.90%	-4.33%	-3.15%	-7.87%	6.25%
Cost of Revenue	577.63	604.36	663.76	653.44	794.02	854.42
Gross Profit	737.08	741.05	898.85	979.9	892.5	976.24
Selling, General & Admin	121.94	122.33	133.32	225.45	188.53	182.14
Other Operating Expenses	17.69	17.63	14.15	14.36	13.64	16.31
Operating Expenses	165.28	165.61	172.86	245.75	202.78	205.62
Operating Income	571.8	575.44	725.99	734.14	689.72	770.62
Interest Expense	-88.69	-88.69	-112.92	-131.14	-124.23	-171.53
Interest & Investment Income	4.39	4.39	8.77	10.26	138.9	363.82
Earnings From Equity Investments	158.94	164.31	163.26	167.63	-	-
Currency Exchange Gain (Loss)	8.47	8.47	-9.3	-14.27	-65.83	16.69
Other Non Operating Income (Expenses)	12.56	0.68	11.63	-8.34	3.6	-127.15
EBT Excluding Unusual Items	667.47	664.62	787.42	758.28	642.16	852.45
Gain (Loss) on Sale of Investments	-	-	-	-	-2.96	-54.78
Gain (Loss) on Sale of Assets	0.08	0.08	-	0.05	0.02	0.03
Asset Writedown	-31.39	-34.15	-	-	-	-
Other Unusual Items	9.96	9.96	16.6	1.22	23.65	10.06
Pretax Income	646.12	640.5	804.02	759.55	662.87	807.76
Income Tax Expense	86.3	83.4	109.87	107.88	85.28	107.52
Earnings From Continuing Operations	559.82	557.1	694.15	651.66	577.59	700.24
Minority Interest in Earnings	-1.98	-0.59	4.08	9	4.21	1.5
Net Income	557.83	556.5	698.23	660.67	581.8	701.74
Net Income to Common	557.83	556.5	698.23	660.67	581.8	701.74
Net Income Growth	-18.06%	-20.30%	5.69%	13.56%	-17.09%	24.37%
Shares Outstanding (Basic)	1,610	1,610	1,610	1,610	1,463	1,610
Shares Outstanding (Diluted)	1,610	1,610	1,610	1,610	1,463	1,610
Shares Change (YoY)	0.03%	0.01%	-0.01%	10.01%	-9.11%	0.03%
EPS (Basic)	0.35	0.35	0.43	0.41	0.40	0.44
EPS (Diluted)	0.35	0.35	0.43	0.41	0.40	0.44
EPS Growth	-18.08%	-20.31%	5.70%	3.22%	-8.79%	24.33%
Free Cash Flow	-1,654	-1,096	310.42	743.78	1,380	1,590
Free Cash Flow Per Share	-1.03	-0.68	0.19	0.46	0.94	0.99
Dividend Per Share	0.139	0.139	0.131	0.082	0.036	0.132
Dividend Growth	6.11%	6.11%	59.17%	126.10%	-72.32%	24.53%
Gross Margin	56.06%	55.08%	57.52%	59.99%	52.92%	53.33%
Operating Margin	43.49%	42.77%	46.46%	44.95%	40.90%	42.09%
Profit Margin	42.43%	41.36%	44.68%	40.45%	34.50%	38.33%
Free Cash Flow Margin	-125.84%	-81.45%	19.87%	45.54%	81.82%	86.84%
EBITDA	881.11	880.41	1,014	1,040	957.4	1,111
EBITDA Margin	67.02%	65.44%	64.86%	63.65%	56.77%	60.66%
D&A For EBITDA	309.31	304.97	287.6	305.41	267.68	339.94
EBIT	571.8	575.44	725.99	734.14	689.72	770.62
EBIT Margin	43.49%	42.77%	46.46%	44.95%	40.90%	42.09%
Effective Tax Rate	13.36%	13.02%	13.66%	14.20%	12.86%	13.31%
Revenue as Reported	1,345	1,345	1,563	1,633	1,687	1,831
Advertising Expenses	-	1.2	1.21	5.68	1.08	1.18

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