SHA:600420 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	Jun '26 Jun 30, 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	8,277	9,218	10,770	11,787	12,810	13,756
Other Revenue	148.31	145.01	167.77	282.98	149.79	189.06
Revenue	8,425	9,363	10,938	12,070	12,959	13,945
Revenue Growth	-14.51%	-14.39%	-9.38%	-6.86%	-7.07%	11.06%
Cost of Revenue	6,077	6,438	6,822	7,538	8,091	7,909
Gross Profit	2,348	2,925	4,116	4,532	4,868	6,036
Selling, General & Admin	1,231	1,280	1,921	2,906	3,414	4,220
Research & Development	375.59	437.58	565.65	562.24	517.14	584.97
Other Operating Expenses	86.04	78.12	78.88	99	113.17	128.31
Operating Expenses	1,701	1,812	2,563	3,549	4,027	4,958
Operating Income	647.06	1,114	1,553	983.4	841.24	1,078
Interest Expense	-2.57	-4.39	-36.89	-57.88	-107.31	-110.47
Interest & Investment Income	169.02	177.49	151.08	136.48	61.69	48.84
Currency Exchange Gain (Loss)	-32.72	2.29	40.61	28.44	98.32	-32.65
Other Non Operating Income (Expenses)	4.55	-2.31	-2.01	-4.09	-4.23	-5.75
EBT Excluding Unusual Items	785.34	1,287	1,705	1,086	889.71	978
Impairment of Goodwill	-	-	-	-	-	-132.15
Gain (Loss) on Sale of Investments	-	-	-	-	-	-24.04
Gain (Loss) on Sale of Assets	-2.59	-2.65	-31.31	-31.85	-1.1	0.2
Asset Writedown	-33.91	-32.79	-28.26	-13.13	-4.93	-10.81
Other Unusual Items	96.91	76.19	27.33	55.19	100.45	107
Pretax Income	845.75	1,328	1,673	1,097	984.12	918.21
Income Tax Expense	110.54	185.42	340.97	131.95	116.63	97.06
Earnings From Continuing Operations	735.21	1,142	1,332	964.61	867.48	821.15
Minority Interest in Earnings	-190.09	-200.56	-248.46	-272.73	-239.69	-252.87
Net Income	545.12	941.6	1,084	691.88	627.79	568.28
Net Income to Common	545.12	941.6	1,084	691.88	627.79	568.28
Net Income Growth	-47.44%	-13.11%	56.62%	10.21%	10.47%	-12.41%
Shares Outstanding (Basic)	1,341	1,341	1,341	1,273	1,027	1,027
Shares Outstanding (Diluted)	1,341	1,341	1,341	1,273	1,156	1,178
Shares Change	-0.00%	-	5.31%	10.13%	-1.82%	-0.14%
EPS (Basic)	0.41	0.70	0.81	0.54	0.61	0.55
EPS (Diluted)	0.41	0.70	0.81	0.54	0.54	0.48
EPS Growth	-47.44%	-13.11%	48.72%	0.07%	12.52%	-12.29%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	845.19	1,434	2,036	1,363	2,548	1,158
Free Cash Flow Per Share	0.63	1.07	1.52	1.07	2.20	0.98
Dividend Per Share	0.250	0.300	0.300	0.100	0.100	0.100
Dividend Growth	-16.67%	0%	200.00%	0%	0%	0%
Gross Margin	27.87%	31.25%	37.63%	37.55%	37.57%	43.28%
Operating Margin	7.68%	11.89%	14.19%	8.15%	6.49%	7.73%
Profit Margin	6.47%	10.06%	9.91%	5.73%	4.84%	4.08%
Free Cash Flow Margin	10.03%	15.32%	18.62%	11.29%	19.66%	8.31%
EBITDA	1,359	1,812	2,325	1,802	1,671	1,857
EBITDA Margin	16.13%	19.36%	21.25%	14.93%	12.90%	13.31%
D&A For EBITDA	712.33	698.59	772.32	818.89	830.01	778.52
EBIT	647.06	1,114	1,553	983.4	841.24	1,078
EBIT Margin	7.68%	11.89%	14.19%	8.15%	6.49%	7.73%
Effective Tax Rate	13.07%	13.97%	20.38%	12.03%	11.85%	10.57%
Revenue as Reported	8,425	9,363	10,938	12,070	12,959	13,945
Advertising Expenses	-	4.69	6.18	4.64	3.29	7.1