SHA:600378 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	17,284	16,210	13,531	14,042	8,698	6,944
Other Revenue	478.77	478.77	435.35	480.7	369.92	480.54
Revenue	17,763	16,689	13,966	14,523	9,068	7,424
Revenue Growth (YoY)	24.41%	19.50%	-3.83%	60.17%	22.13%	36.92%
Cost of Revenue	13,483	12,707	11,103	11,308	6,895	5,444
Gross Profit	4,280	3,982	2,863	3,215	2,173	1,980
Selling, General & Admin	1,504	1,479	1,345	1,381	728.23	736.11
Research & Development	949.43	966.09	927.37	982.46	641.88	542.72
Other Operating Expenses	189.84	-88.01	-198.11	-189.07	-237.05	-212.44
Operating Expenses	2,691	2,405	2,105	2,188	1,170	1,079
Operating Income	1,589	1,577	758.37	1,027	1,003	900.91
Interest Expense	-62.77	-62.77	-98.44	-100.89	-37.39	-24.69
Interest & Investment Income	377.43	392.94	358.73	335.91	71.49	44.51
Currency Exchange Gain (Loss)	-3.68	-3.68	20.57	16.71	12.39	-2.26
Other Non Operating Income (Expenses)	-36.42	190.9	29.64	40.38	48.99	77.28
EBT Excluding Unusual Items	1,864	2,095	1,069	1,319	1,098	995.74
Gain (Loss) on Sale of Investments	-5.1	-4.52	1.93	3.84	-0.12	0.18
Gain (Loss) on Sale of Assets	12.4	12.95	56.25	50.81	254.13	10.59
Asset Writedown	-30.52	-45.07	-13.43	-27.61	-10.12	-5.56
Other Unusual Items	327.03	-119.91	74.18	62	-6.82	-2.87
Pretax Income	2,168	1,938	1,188	1,408	1,335	998.09
Income Tax Expense	356.86	296.03	82.84	219.77	165.29	94.96
Earnings From Continuing Operations	1,811	1,642	1,105	1,188	1,170	903.14
Minority Interest in Earnings	-242.92	-197.6	-51.17	-5.21	-5.03	-11.68
Net Income	1,568	1,444	1,054	1,183	1,165	891.46
Net Income to Common	1,568	1,444	1,054	1,183	1,165	891.46
Net Income Growth	46.33%	37.07%	-10.94%	1.57%	30.68%	37.61%
Shares Outstanding (Basic)	1,290	1,290	1,106	1,109	905	902
Shares Outstanding (Diluted)	1,290	1,290	1,106	1,109	905	902
Shares Change (YoY)	11.92%	16.67%	-0.26%	22.50%	0.30%	0.09%
EPS (Basic)	1.22	1.12	0.95	1.07	1.29	0.99
EPS (Diluted)	1.22	1.12	0.95	1.07	1.29	0.99
EPS Growth	30.74%	17.49%	-10.71%	-17.08%	30.29%	37.49%
Free Cash Flow	30.96	401.98	-1,399	-916.39	-622.73	299.64
Free Cash Flow Per Share	0.02	0.31	-1.27	-0.83	-0.69	0.33
Dividend Per Share	0.392	0.392	0.286	0.346	0.640	0.291
Dividend Growth	37.06%	37.06%	-17.34%	-45.94%	119.86%	17.85%
Gross Margin	24.09%	23.86%	20.50%	22.14%	23.96%	26.67%
Operating Margin	8.95%	9.45%	5.43%	7.07%	11.06%	12.13%
Profit Margin	8.83%	8.65%	7.54%	8.15%	12.85%	12.01%
Free Cash Flow Margin	0.17%	2.41%	-10.02%	-6.31%	-6.87%	4.04%
EBITDA	2,879	2,817	1,797	1,978	1,409	1,228
EBITDA Margin	16.21%	16.88%	12.87%	13.62%	15.54%	16.54%
D&A For EBITDA	1,290	1,240	1,039	951.05	406.63	326.74
EBIT	1,589	1,577	758.37	1,027	1,003	900.91
EBIT Margin	8.95%	9.45%	5.43%	7.07%	11.06%	12.13%
Effective Tax Rate	16.46%	15.27%	6.97%	15.61%	12.38%	9.51%
Revenue as Reported	16,689	16,689	13,966	14,523	9,068	7,424
Advertising Expenses	-	8.86	4.35	7.06	0.92	0.68

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