SHA:600496 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	20,706	20,682	18,308	16,299	15,548	14,945
Other Revenue	156.5	156.5	183.6	207.63	166.95	196.03
Revenue	20,863	20,838	18,492	16,506	15,715	15,141
Revenue Growth (YoY)	4.85%	12.69%	12.03%	5.04%	3.79%	31.85%
Cost of Revenue	18,479	18,582	16,154	14,362	13,505	13,113
Gross Profit	2,384	2,256	2,338	2,144	2,210	2,029
Selling, General & Admin	781.69	757.55	706	703	638.67	569.57
Research & Development	739.48	716.63	681.68	661.48	596.54	555.24
Other Operating Expenses	77.08	74.72	72.49	57.3	51.92	37.85
Operating Expenses	1,697	1,614	1,705	1,577	1,472	1,322
Operating Income	686.91	641.93	632.38	567.36	737.42	706.56
Interest Expense	-146.11	-156.53	-181.33	-198.21	-205.96	-166.16
Interest & Investment Income	100.54	101.4	120.54	153.55	188.85	157.64
Currency Exchange Gain (Loss)	-3.65	-3.65	-8.77	3.19	3.99	-9.71
Other Non Operating Income (Expenses)	-30.33	-30.27	-7.11	0.57	-1.22	-11.95
EBT Excluding Unusual Items	607.36	552.88	555.71	526.47	723.07	676.38
Gain (Loss) on Sale of Investments	23.38	50.85	-36.55	-1.23	-	0.14
Gain (Loss) on Sale of Assets	3.71	-1.37	-5.31	-2.41	-8.36	3.17
Asset Writedown	8.57	-	-7.56	-	-	-
Other Unusual Items	95.83	95.83	70.83	72.19	18.22	41.03
Pretax Income	738.85	698.19	577.13	595.01	732.94	720.72
Income Tax Expense	100.08	87.6	50.39	23.6	26.93	21.32
Earnings From Continuing Operations	638.77	610.59	526.73	571.41	706.01	699.4
Minority Interest in Earnings	-6.56	-5.63	-15.05	-23.02	-6.66	-12.59
Net Income	632.2	604.96	511.68	548.39	699.35	686.81
Net Income to Common	632.2	604.96	511.68	548.39	699.35	686.81
Net Income Growth	17.44%	18.23%	-6.69%	-21.59%	1.83%	6.19%
Shares Outstanding (Basic)	1,967	1,967	1,990	1,990	2,013	2,013
Shares Outstanding (Diluted)	2,082	2,130	2,104	2,210	2,143	2,013
Shares Change (YoY)	-4.32%	1.24%	-4.81%	3.16%	6.44%	7.19%
EPS (Basic)	0.32	0.31	0.26	0.28	0.35	0.34
EPS (Diluted)	0.30	0.28	0.24	0.25	0.33	0.34
EPS Growth	22.74%	16.78%	-1.98%	-23.99%	-4.34%	-0.93%
Free Cash Flow	124.38	617.88	653.44	216.92	-692.93	-444.69
Free Cash Flow Per Share	0.06	0.29	0.31	0.10	-0.32	-0.22
Dividend Per Share	0.220	0.220	0.080	0.060	0.036	0.036
Dividend Growth	175.00%	175.00%	33.33%	66.67%	-	20.00%
Gross Margin	11.43%	10.83%	12.64%	12.99%	14.06%	13.40%
Operating Margin	3.29%	3.08%	3.42%	3.44%	4.69%	4.67%
Profit Margin	3.03%	2.90%	2.77%	3.32%	4.45%	4.54%
Free Cash Flow Margin	0.60%	2.96%	3.53%	1.31%	-4.41%	-2.94%
EBITDA	849.58	806.2	803.09	711.89	866.83	812.85
EBITDA Margin	4.07%	3.87%	4.34%	4.31%	5.52%	5.37%
D&A For EBITDA	162.66	164.27	170.72	144.53	129.41	106.28
EBIT	686.91	641.93	632.38	567.36	737.42	706.56
EBIT Margin	3.29%	3.08%	3.42%	3.44%	4.69%	4.67%
Effective Tax Rate	13.55%	12.55%	8.73%	3.97%	3.67%	2.96%
Revenue as Reported	20,863	20,838	18,492	16,506	15,715	15,141
Advertising Expenses	-	1.65	1.49	1.97	1.15	0.47

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