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	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	21,051	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	21,208	20,838	18,492	16,506	15,715	15,141
Revenue Growth	0.97%	12.69%	12.03%	5.04%	3.79%	31.85%
Cost of Revenue	18,894	18,582	16,154	14,362	13,505	13,113
Gross Profit	2,314	2,256	2,338	2,144	2,210	2,029
Selling, General & Admin	835.21	757.55	706	703	638.67	569.57
Research & Development	800.39	716.63	681.68	661.48	596.54	555.24
Other Operating Expenses	116.93	74.72	72.49	57.3	51.92	37.85
Operating Expenses	1,773	1,614	1,705	1,577	1,472	1,322
Operating Income	541.37	641.93	632.38	567.36	737.42	706.56
Interest Expense	-143.84	-156.53	-181.33	-198.21	-205.96	-166.16
Interest & Investment Income	94.95	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)	-73.65	-30.27	-7.11	0.57	-1.22	-11.95
EBT Excluding Unusual Items	415.18	552.88	555.71	526.47	723.07	676.38
Gain (Loss) on Sale of Investments	5.84	50.85	-36.55	-1.23	-	0.14
Gain (Loss) on Sale of Assets	58.2	-1.37	-5.31	-2.41	-8.36	3.17
Asset Writedown	-2.79	-	-7.56	-	-	-
Other Unusual Items	102.42	95.83	70.83	72.19	18.22	41.03
Pretax Income	578.85	698.19	577.13	595.01	732.94	720.72
Income Tax Expense	82.49	87.6	50.39	23.6	26.93	21.32
Earnings From Continuing Operations	496.36	610.59	526.73	571.41	706.01	699.4
Minority Interest in Earnings	-3.87	-5.63	-15.05	-23.02	-6.66	-12.59
Net Income	492.49	604.96	511.68	548.39	699.35	686.81
Net Income to Common	492.49	604.96	511.68	548.39	699.35	686.81
Net Income Growth	-21.32%	18.23%	-6.69%	-21.59%	1.83%	6.19%
Shares Outstanding (Basic)	1,960	1,967	1,990	1,990	2,013	2,013
Shares Outstanding (Diluted)	2,085	2,130	2,104	2,210	2,143	2,013
Shares Change	-2.36%	1.24%	-4.81%	3.16%	6.44%	7.19%
EPS (Basic)	0.25	0.31	0.26	0.28	0.35	0.34
EPS (Diluted)	0.24	0.28	0.24	0.25	0.33	0.34
EPS Growth	-19.41%	16.78%	-1.98%	-23.99%	-4.34%	-0.93%

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	121.23	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%	0%	20.00%
Gross Margin	10.91%	10.83%	12.64%	12.99%	14.06%	13.40%
Operating Margin	2.55%	3.08%	3.42%	3.44%	4.69%	4.67%
Profit Margin	2.32%	2.90%	2.77%	3.32%	4.45%	4.54%
Free Cash Flow Margin	0.57%	2.96%	3.53%	1.31%	-4.41%	-2.94%
EBITDA	700.82	806.2	803.09	711.89	866.83	812.85
EBITDA Margin	3.31%	3.87%	4.34%	4.31%	5.52%	5.37%
D&A For EBITDA	159.44	164.27	170.72	144.53	129.41	106.28
EBIT	541.37	641.93	632.38	567.36	737.42	706.56
EBIT Margin	2.55%	3.08%	3.42%	3.44%	4.69%	4.67%
Effective Tax Rate	14.25%	12.55%	8.73%	3.97%	3.67%	2.96%
Revenue as Reported	21,208	20,838	18,492	16,506	15,715	15,141
Advertising Expenses	-	1.65	1.49	1.97	1.15	0.47