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	Sep '26 Sep 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	7,883	9,218	10,770	11,787	12,810	13,756
Other Revenue	145.01	145.01	167.77	282.98	149.79	189.06
Revenue	8,028	9,363	10,938	12,070	12,959	13,945
Revenue Growth	-13.35%	-14.39%	-9.38%	-6.86%	-7.07%	11.06%
Cost of Revenue	5,782	6,438	6,822	7,538	8,091	7,909
Gross Profit	2,246	2,925	4,116	4,532	4,868	6,036
Selling, General & Admin	1,251	1,280	1,921	2,906	3,414	4,220
Research & Development	364.63	437.58	565.65	562.24	517.14	584.97
Other Operating Expenses	49.96	78.12	78.88	99	113.17	128.31
Operating Expenses	1,669	1,812	2,563	3,549	4,027	4,958
Operating Income	577.17	1,114	1,553	983.4	841.24	1,078
Interest Expense	-1.7	-4.39	-36.89	-57.88	-107.31	-110.47
Interest & Investment Income	168.25	177.49	151.08	136.48	61.69	48.84
Currency Exchange Gain (Loss)	2.29	2.29	40.61	28.44	98.32	-32.65
Other Non Operating Income (Expenses)	-62.64	-2.31	-2.01	-4.09	-4.23	-5.75
EBT Excluding Unusual Items	683.37	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	-2.31	-2.65	-31.31	-31.85	-1.1	0.2
Asset Writedown	-21.57	-32.79	-28.26	-13.13	-4.93	-10.81
Other Unusual Items	76.19	76.19	27.33	55.19	100.45	107
Pretax Income	735.68	1,328	1,673	1,097	984.12	918.21
Income Tax Expense	96.2	185.42	340.97	131.95	116.63	97.06
Earnings From Continuing Operations	639.48	1,142	1,332	964.61	867.48	821.15
Minority Interest in Earnings	-188.07	-200.56	-248.46	-272.73	-239.69	-252.87
Net Income	451.41	941.6	1,084	691.88	627.79	568.28
Net Income to Common	451.41	941.6	1,084	691.88	627.79	568.28
Net Income Growth	-51.48%	-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)	0.34	0.70	0.81	0.54	0.61	0.55
EPS (Diluted)	0.34	0.70	0.81	0.54	0.54	0.48
EPS Growth	-51.48%	-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	Sep '26 Sep 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	423.04	1,434	2,036	1,363	2,548	1,158
Free Cash Flow Per Share	0.32	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	27.98%	31.25%	37.63%	37.55%	37.57%	43.28%
Operating Margin	7.19%	11.89%	14.19%	8.15%	6.49%	7.73%
Profit Margin	5.62%	10.06%	9.91%	5.73%	4.84%	4.08%
Free Cash Flow Margin	5.27%	15.32%	18.62%	11.29%	19.66%	8.31%
EBITDA	1,220	1,812	2,325	1,802	1,671	1,857
EBITDA Margin	15.20%	19.36%	21.25%	14.93%	12.90%	13.31%
D&A For EBITDA	643.29	698.59	772.32	818.89	830.01	778.52
EBIT	577.17	1,114	1,553	983.4	841.24	1,078
EBIT Margin	7.19%	11.89%	14.19%	8.15%	6.49%	7.73%
Effective Tax Rate	13.08%	13.97%	20.38%	12.03%	11.85%	10.57%
Revenue as Reported	8,028	9,363	10,938	12,070	12,959	13,945
Advertising Expenses	-	4.69	6.18	4.64	3.29	7.1