SHA:600452 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	2,879	2,994	3,114	3,439	3,559	3,144
Other Revenue	1.59	2.06	2.71	3.23	3.11	1.19
Revenue	2,880	2,996	3,117	3,442	3,562	3,146
Revenue Growth	-5.86%	-3.86%	-9.46%	-3.36%	13.25%	18.50%
Selling, General & Admin	126.88	123.84	121.84	122.53	133.84	127.54
Provision for Bad Debts	13.7	43	-51.61	14.29	27.96	35
Other Operating Expenses	2,283	2,414	2,488	2,725	2,769	2,433
Total Operating Expenses	2,424	2,581	2,558	2,863	2,931	2,596
Operating Income	456.78	415.28	558.54	578.96	631.51	549.77
Interest Expense	-0.39	-0.95	-0.82	-4.92	-10.99	-45.52
Interest Income	16.28	42.22	40.85	33.33	27.15	38.48
Net Interest Expense	15.89	41.27	40.03	28.4	16.16	-7.04
Income (Loss) on Equity Investments	6.4	4.6	4.55	3.38	-	-
Other Non-Operating Income (Expenses)	19.47	-0.15	-0.31	-1.16	-2.23	-0.71
EBT Excluding Unusual Items	498.55	461	602.82	609.58	645.44	542.03
Gain (Loss) on Sale of Investments	-0.16	-	-	-	-	-8.36
Gain (Loss) on Sale of Assets	2.15	2.15	3.54	-0.56	-3.55	1.05
Other Unusual Items	8.51	10.47	8.7	10.09	35.33	6.54
Pretax Income	509.05	473.62	615.06	619.11	677.22	541.24
Income Tax Expense	75.89	80.35	100.61	93.76	64.58	35.39
Net Income	433.16	393.27	514.46	525.35	612.65	505.86
Net Income to Common	433.16	393.27	514.46	525.35	612.65	505.86
Net Income Growth	-10.71%	-23.55%	-2.07%	-14.25%	21.11%	26.22%
Shares Outstanding (Basic)	1,549	1,513	1,559	1,545	1,532	1,545
Shares Outstanding (Diluted)	1,549	1,513	1,559	1,545	1,532	1,545
Shares Change	-0.86%	-2.97%	0.89%	0.88%	-0.87%	24.29%
EPS (Basic)	0.28	0.26	0.33	0.34	0.40	0.33
EPS (Diluted)	0.28	0.26	0.33	0.34	0.40	0.33
EPS Growth	-9.94%	-21.21%	-2.94%	-15.00%	22.18%	1.55%

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	546.5	341.38	714.78	525.45	1,159	-351.1
Free Cash Flow Per Share	0.35	0.23	0.46	0.34	0.76	-0.23
Dividend Per Share	0.068	0.103	0.105	0.104	0.107	0.079
Dividend Growth	-51.43%	-1.91%	1.35%	-3.36%	35.18%	1.80%
Profit Margin	15.04%	13.13%	16.51%	15.26%	17.20%	16.08%
Free Cash Flow Margin	18.97%	11.39%	22.93%	15.26%	32.55%	-11.16%
EBITDA	1,067	1,094	1,349	1,574	1,677	1,559
EBITDA Margin	37.04%	36.51%	43.29%	45.73%	47.06%	49.58%
D&A For EBITDA	610.13	678.54	790.66	995.37	1,045	1,010
EBIT	456.78	415.28	558.54	578.96	631.51	549.77
EBIT Margin	15.86%	13.86%	17.92%	16.82%	17.73%	17.48%
Effective Tax Rate	14.91%	16.96%	16.36%	15.14%	9.54%	6.54%