SHA:600373 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	7,278	7,568	9,107	10,667	10,067	10,488
Other Revenue	187.71	187.71	196.57	222.62	169.17	226.71
Revenue	7,466	7,756	9,304	10,890	10,236	10,715
Revenue Growth (YoY)	-14.47%	-16.64%	-14.56%	6.38%	-4.46%	3.63%
Cost of Revenue	5,257	5,466	5,685	6,310	6,336	6,596
Gross Profit	2,209	2,290	3,619	4,580	3,901	4,118
Selling, General & Admin	2,082	2,155	2,560	2,720	2,447	2,632
Research & Development	193.95	199	218.97	230.83	251.19	238.38
Other Operating Expenses	29.5	30.06	-22.05	5.88	15.19	28.66
Operating Expenses	2,365	2,444	2,818	3,005	2,734	2,976
Operating Income	-156.93	-154.28	801.15	1,575	1,167	1,142
Interest Expense	-72.43	-72.43	-127.33	-145.7	-161.56	-169.47
Interest & Investment Income	480.09	467.11	390.62	677.43	1,184	1,568
Currency Exchange Gain (Loss)	-5.13	-5.13	6	0.97	25.68	-11.56
Other Non Operating Income (Expenses)	-86.6	-66.65	-65.2	-198.52	-29.03	-178.59
EBT Excluding Unusual Items	159.01	168.62	1,005	1,909	2,186	2,351
Gain (Loss) on Sale of Investments	184.6	245.49	145.75	-53.48	-128.71	-33.86
Gain (Loss) on Sale of Assets	15.15	16.11	30.59	8.11	7.06	33.26
Asset Writedown	-9.64	-4.13	-0.6	-28.76	-43.67	-
Other Unusual Items	32.65	32.65	1.72	69.41	-61.6	-43.67
Pretax Income	381.77	458.73	1,183	1,904	1,959	2,306
Income Tax Expense	129.15	136.22	399.47	-258.45	42.71	256.01
Earnings From Continuing Operations	252.62	322.51	783.23	2,163	1,917	2,050
Minority Interest in Earnings	-39.55	-42.79	-38.84	47.46	13.79	-6.88
Net Income	213.07	279.72	744.39	2,210	1,930	2,043
Net Income to Common	213.07	279.72	744.39	2,210	1,930	2,043
Net Income Growth	-66.75%	-62.42%	-66.32%	14.51%	-5.53%	13.17%
Shares Outstanding (Basic)	1,401	1,399	1,405	1,399	1,359	1,353
Shares Outstanding (Diluted)	1,401	1,399	1,405	1,399	1,359	1,353
Shares Change (YoY)	-0.61%	-0.42%	0.40%	2.91%	0.45%	-0.32%
EPS (Basic)	0.15	0.20	0.53	1.58	1.42	1.51
EPS (Diluted)	0.15	0.20	0.53	1.58	1.42	1.51
EPS Growth	-66.55%	-62.26%	-66.46%	11.27%	-5.96%	13.53%
Free Cash Flow	-51.76	-189.73	-4.05	1,882	1,934	1,667
Free Cash Flow Per Share	-0.04	-0.14	-0.00	1.34	1.42	1.23
Dividend Per Share	0.200	0.200	0.400	0.780	0.750	0.680
Dividend Growth	-50.00%	-50.00%	-48.72%	4.00%	10.29%	23.64%
Gross Margin	29.58%	29.52%	38.90%	42.06%	38.11%	38.44%
Operating Margin	-2.10%	-1.99%	8.61%	14.46%	11.40%	10.66%
Profit Margin	2.85%	3.61%	8.00%	20.30%	18.86%	19.07%
Free Cash Flow Margin	-0.69%	-2.45%	-0.04%	17.28%	18.90%	15.55%
EBITDA	49.72	55.57	1,024	1,798	1,364	1,358
EBITDA Margin	0.67%	0.72%	11.00%	16.51%	13.32%	12.68%
D&A For EBITDA	206.65	209.85	222.67	222.82	196.82	216.28
EBIT	-156.93	-154.28	801.15	1,575	1,167	1,142
EBIT Margin	-2.10%	-1.99%	8.61%	14.46%	11.40%	10.66%
Effective Tax Rate	33.83%	29.70%	33.78%	-	2.18%	11.10%
Revenue as Reported	7,756	7,756	9,304	10,890	10,236	10,715
Advertising Expenses	-	163.38	138.39	260.34	424.79	683.43

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