SHA:600468 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	2,186	2,114	1,871	1,953	2,160	2,250
Other Revenue	102.47	102.47	91.2	82.05	73.1	89.85
Revenue	2,288	2,217	1,962	2,035	2,233	2,340
Revenue Growth (YoY)	17.27%	12.97%	-3.60%	-8.86%	-4.56%	6.38%
Cost of Revenue	1,839	1,767	1,504	1,505	1,664	1,762
Gross Profit	448.91	449.28	458.13	529.79	569.38	577.65
Selling, General & Admin	283.15	278.06	272.08	267.73	287.94	318.49
Research & Development	102.79	102.86	101.97	113.1	123.91	103.62
Other Operating Expenses	-0.97	1.33	-6.96	5.04	19.84	5.83
Operating Expenses	392.76	387.71	370.45	401.6	444.3	433.85
Operating Income	56.15	61.57	87.68	128.19	125.08	143.79
Interest Expense	-14.8	-14.36	-14.53	-19.32	-17.18	-20.74
Interest & Investment Income	49.59	49.04	47.14	41.23	27.16	12.8
Currency Exchange Gain (Loss)	1.51	1.51	1.21	3.56	4.55	-3.16
Other Non Operating Income (Expenses)	-0.08	-1.09	-1.75	-4.61	-2.33	-0.47
EBT Excluding Unusual Items	90.42	96.66	119.74	149.04	137.27	132.22
Impairment of Goodwill	-	-	-217.29	-10.19	-	-
Gain (Loss) on Sale of Assets	-0	0.08	-0.22	-0.24	0.33	-1.07
Asset Writedown	-0.45	-0.03	-0.29	-0.02	-	-
Other Unusual Items	7.18	7.18	11.61	11.81	16.23	14.27
Pretax Income	97.15	103.88	-86.46	150.4	153.84	145.42
Income Tax Expense	11.79	13.8	14.55	21.72	19.18	24.29
Earnings From Continuing Operations	85.36	90.08	-101.01	128.68	134.66	121.12
Minority Interest in Earnings	-2.75	-1.03	-8.43	-9.88	-13.69	-16.41
Net Income	82.61	89.06	-109.44	118.79	120.98	104.71
Net Income to Common	82.61	89.06	-109.44	118.79	120.98	104.71
Net Income Growth	-	-	-	-1.80%	15.53%	-4.78%
Shares Outstanding (Basic)	1,087	1,087	1,088	1,088	1,088	1,087
Shares Outstanding (Diluted)	1,087	1,087	1,088	1,088	1,088	1,087
Shares Change (YoY)	-0.10%	-0.05%	0.01%	-0.01%	0.05%	-0.04%
EPS (Basic)	0.08	0.08	-0.10	0.11	0.11	0.10
EPS (Diluted)	0.08	0.08	-0.10	0.11	0.11	0.10
EPS Growth	-	-	-	-1.80%	15.47%	-4.75%
Free Cash Flow	89.5	150.71	131.22	169.25	109.59	140.75
Free Cash Flow Per Share	0.08	0.14	0.12	0.16	0.10	0.13
Dividend Per Share	0.025	0.025	-	0.033	0.034	0.029
Dividend Growth	-	-	-	-2.94%	17.24%	-6.45%
Gross Margin	19.62%	20.27%	23.35%	26.03%	25.50%	24.69%
Operating Margin	2.45%	2.78%	4.47%	6.30%	5.60%	6.15%
Profit Margin	3.61%	4.02%	-5.58%	5.84%	5.42%	4.48%
Free Cash Flow Margin	3.91%	6.80%	6.69%	8.32%	4.91%	6.02%
EBITDA	113.58	119.29	146.55	186.56	184.82	207.34
EBITDA Margin	4.96%	5.38%	7.47%	9.17%	8.28%	8.86%
D&A For EBITDA	57.43	57.72	58.87	58.37	59.74	63.55
EBIT	56.15	61.57	87.68	128.19	125.08	143.79
EBIT Margin	2.45%	2.78%	4.47%	6.30%	5.60%	6.15%
Effective Tax Rate	12.14%	13.28%	-	14.44%	12.47%	16.71%
Revenue as Reported	2,288	2,217	1,962	2,035	2,233	2,340
Advertising Expenses	-	0.2	0.32	0.22	0.1	0.56

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