SHA:600409 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	18,129	18,386	20,933	21,486	23,128	22,131
Other Revenue	445.17	445.17	428.38	434.07	552.2	1,051
Revenue	18,574	18,831	21,361	21,920	23,680	23,182
Revenue Growth (YoY)	-11.17%	-11.84%	-2.55%	-7.43%	2.15%	30.38%
Cost of Revenue	16,411	16,493	18,016	17,507	19,218	18,151
Gross Profit	2,163	2,339	3,346	4,413	4,461	5,031
Selling, General & Admin	1,390	1,451	1,578	1,850	1,814	1,899
Research & Development	509.58	534.92	607.49	595.51	330.22	221.36
Other Operating Expenses	225.44	213.48	255.52	308.8	312.81	336.97
Operating Expenses	2,130	2,203	2,438	2,753	2,459	2,475
Operating Income	32.29	136.08	907.73	1,661	2,003	2,557
Interest Expense	-133.29	-134.82	-144.68	-246.48	-264.19	-278.53
Interest & Investment Income	37.16	40.89	45.78	58.95	49.56	35.17
Currency Exchange Gain (Loss)	-10.14	-10.14	-21.06	-5.6	-70.6	38.3
Other Non Operating Income (Expenses)	-42.56	-34.4	-45.03	-65.69	-56.52	-74.42
EBT Excluding Unusual Items	-116.54	-2.4	742.73	1,402	1,661	2,277
Gain (Loss) on Sale of Investments	1.39	0.04	-	-	-	-
Gain (Loss) on Sale of Assets	-3.63	-4.57	-11.48	-23.33	-23.05	-29.07
Asset Writedown	2.33	-4.96	-9.15	-9.92	-	-8.72
Other Unusual Items	113.46	108.45	108.57	46.05	51.37	66.68
Pretax Income	-2.99	96.56	830.68	1,415	1,689	2,306
Income Tax Expense	31.83	44.68	176.8	482.44	364.93	456.5
Earnings From Continuing Operations	-34.82	51.88	653.88	932.2	1,324	1,849
Minority Interest in Earnings	51.84	37.65	-154.86	-366.53	-335.57	-178.41
Net Income	17.02	89.53	499.02	565.67	988.69	1,671
Net Income to Common	17.02	89.53	499.02	565.67	988.69	1,671
Net Income Growth	-95.77%	-82.06%	-11.78%	-42.79%	-40.83%	133.04%
Shares Outstanding (Basic)	2,063	2,063	2,065	2,064	2,064	2,064
Shares Outstanding (Diluted)	2,063	2,063	2,065	2,064	2,064	2,064
Shares Change (YoY)	-0.16%	-0.09%	0.01%	-	0.01%	0.01%
EPS (Basic)	0.01	0.04	0.24	0.27	0.48	0.81
EPS (Diluted)	0.01	0.04	0.24	0.27	0.48	0.81
EPS Growth	-95.76%	-82.04%	-11.79%	-42.79%	-40.84%	133.02%
Free Cash Flow	-857.85	-696.92	715.27	1,340	2,031	1,513
Free Cash Flow Per Share	-0.42	-0.34	0.35	0.65	0.98	0.73
Dividend Per Share	0.030	0.030	0.073	0.083	0.146	0.245
Dividend Growth	-58.90%	-58.90%	-12.05%	-43.15%	-40.41%	-
Gross Margin	11.64%	12.42%	15.66%	20.13%	18.84%	21.70%
Operating Margin	0.17%	0.72%	4.25%	7.58%	8.46%	11.03%
Profit Margin	0.09%	0.47%	2.34%	2.58%	4.17%	7.21%
Free Cash Flow Margin	-4.62%	-3.70%	3.35%	6.12%	8.58%	6.53%
EBITDA	1,299	1,387	2,097	2,828	3,160	3,737
EBITDA Margin	6.99%	7.37%	9.82%	12.90%	13.35%	16.12%
D&A For EBITDA	1,267	1,251	1,189	1,168	1,158	1,180
EBIT	32.29	136.08	907.73	1,661	2,003	2,557
EBIT Margin	0.17%	0.72%	4.25%	7.58%	8.46%	11.03%
Effective Tax Rate	-	46.27%	21.28%	34.10%	21.60%	19.80%
Revenue as Reported	18,574	18,831	21,361	21,920	23,680	23,182
Advertising Expenses	-	0.05	0.01	0.05	-	-

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