SHA:600507 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	18,233	21,513	26,443	31,388	21,603
Other Revenue	-	46.03	63.9	75	76.23
Revenue	18,233	21,560	26,507	31,463	21,679
Revenue Growth (YoY)	-15.43%	-18.67%	-15.75%	45.13%	30.59%
Cost of Revenue	16,474	20,531	24,846	29,326	17,356
Gross Profit	1,760	1,029	1,661	2,137	4,323
Selling, General & Admin	532.61	496.54	639.29	1,066	711.29
Research & Development	82.6	103.94	87.12	79.01	92.47
Other Operating Expenses	63.36	96.77	79.01	69.1	150.79
Operating Expenses	678.57	701.97	810.02	1,215	954.68
Operating Income	1,081	326.89	851.05	922.29	3,368
Interest Expense	-	-27.14	-62.48	-240.22	-117.03
Interest & Investment Income	75.95	190.95	287.06	413.1	300.02
Currency Exchange Gain (Loss)	-	0.73	1.77	1.95	-1.88
Other Non Operating Income (Expenses)	-17.05	-95.13	-120.23	-15.94	-26.94
EBT Excluding Unusual Items	1,140	396.3	957.17	1,081	3,522
Gain (Loss) on Sale of Investments	81.88	-117.05	-67.2	-40.44	3.12
Gain (Loss) on Sale of Assets	1.18	32.44	-7.91	143.58	1.29
Asset Writedown	-0.99	-	-	-	-2.37
Other Unusual Items	-	157.38	84.31	100.17	113.53
Pretax Income	1,222	469.06	966.37	1,284	3,638
Income Tax Expense	274.5	216.96	283.42	251.85	878.52
Earnings From Continuing Operations	947.79	252.1	682.95	1,033	2,760
Minority Interest in Earnings	-5.52	-4.26	5.87	29.76	-27.53
Net Income	942.27	247.85	688.82	1,062	2,732
Net Income to Common	942.27	247.85	688.82	1,062	2,732
Net Income Growth	280.18%	-64.02%	-35.16%	-61.11%	27.64%
Shares Outstanding (Basic)	2,315	2,274	2,335	2,155	2,151
Shares Outstanding (Diluted)	2,315	2,274	2,400	2,275	2,151
Shares Change (YoY)	1.82%	-5.26%	5.50%	5.75%	-0.50%
EPS (Basic)	0.41	0.11	0.29	0.49	1.27
EPS (Diluted)	0.41	0.11	0.29	0.47	1.27
EPS Growth	273.39%	-62.02%	-38.54%	-63.23%	28.28%
Free Cash Flow	428.14	824.76	505.48	3,606	2,048
Free Cash Flow Per Share	0.18	0.36	0.21	1.58	0.95
Dividend Per Share	-	0.033	0.100	-	1.110
Dividend Growth	-	-67.00%	-	-	0.91%
Gross Margin	9.65%	4.77%	6.27%	6.79%	19.94%
Operating Margin	5.93%	1.52%	3.21%	2.93%	15.54%
Profit Margin	5.17%	1.15%	2.60%	3.38%	12.60%
Free Cash Flow Margin	2.35%	3.82%	1.91%	11.46%	9.45%
EBITDA	1,538	779.18	1,275	1,344	3,806
EBITDA Margin	8.44%	3.61%	4.81%	4.27%	17.55%
D&A For EBITDA	456.89	452.3	423.72	421.81	437.49
EBIT	1,081	326.89	851.05	922.29	3,368
EBIT Margin	5.93%	1.52%	3.21%	2.93%	15.54%
Effective Tax Rate	22.46%	46.25%	29.33%	19.61%	24.15%
Revenue as Reported	-	21,560	26,507	31,463	21,679
Advertising Expenses	-	1.93	2.27	3.45	1.16

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.