SHA:600507 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	17,825	18,171	21,513	26,443	31,388	21,603
Other Revenue	61.99	61.99	46.03	63.9	75	76.23
Revenue	17,887	18,233	21,560	26,507	31,463	21,679
Revenue Growth (YoY)	-10.70%	-15.43%	-18.67%	-15.75%	45.13%	30.59%
Cost of Revenue	16,232	16,478	20,531	24,846	29,326	17,356
Gross Profit	1,655	1,755	1,029	1,661	2,137	4,323
Selling, General & Admin	540.15	528.84	496.54	639.29	1,066	711.29
Research & Development	77.37	82.6	103.94	87.12	79.01	92.47
Other Operating Expenses	113.8	124.74	96.77	79.01	69.1	150.79
Operating Expenses	739.49	744.35	701.97	810.02	1,215	954.68
Operating Income	915.81	1,011	326.89	851.05	922.29	3,368
Interest Expense	-25.21	-25.21	-27.14	-62.48	-240.22	-117.03
Interest & Investment Income	201.79	199.45	190.95	287.06	413.1	300.02
Currency Exchange Gain (Loss)	-2.41	-2.41	0.73	1.77	1.95	-1.88
Other Non Operating Income (Expenses)	-97.81	-92.01	-95.13	-120.23	-15.94	-26.94
EBT Excluding Unusual Items	992.17	1,091	396.3	957.17	1,081	3,522
Gain (Loss) on Sale of Investments	-0.53	81.88	-117.05	-67.2	-40.44	3.12
Gain (Loss) on Sale of Assets	-10.71	-10.92	32.44	-7.91	143.58	1.29
Asset Writedown	-	-	-	-	-	-2.37
Other Unusual Items	60.73	60.73	157.38	84.31	100.17	113.53
Pretax Income	1,042	1,222	469.06	966.37	1,284	3,638
Income Tax Expense	236.43	274.5	216.96	283.42	251.85	878.52
Earnings From Continuing Operations	805.23	947.79	252.1	682.95	1,033	2,760
Minority Interest in Earnings	-5.38	-5.52	-4.26	5.87	29.76	-27.53
Net Income	799.85	942.27	247.85	688.82	1,062	2,732
Net Income to Common	799.85	942.27	247.85	688.82	1,062	2,732
Net Income Growth	97.61%	280.18%	-64.02%	-35.16%	-61.11%	27.64%
Shares Outstanding (Basic)	2,310	2,315	2,274	2,335	2,155	2,151
Shares Outstanding (Diluted)	2,310	2,315	2,274	2,400	2,275	2,151
Shares Change (YoY)	0.54%	1.82%	-5.26%	5.50%	5.75%	-0.50%
EPS (Basic)	0.35	0.41	0.11	0.29	0.49	1.27
EPS (Diluted)	0.35	0.41	0.11	0.29	0.47	1.27
EPS Growth	96.54%	273.39%	-62.02%	-38.54%	-63.23%	28.28%
Free Cash Flow	247.56	428.14	824.76	505.48	3,606	2,048
Free Cash Flow Per Share	0.11	0.18	0.36	0.21	1.58	0.95
Dividend Per Share	0.200	0.200	0.033	0.100	-	1.110
Dividend Growth	506.06%	506.06%	-67.00%	-	-	0.91%
Gross Margin	9.25%	9.63%	4.77%	6.27%	6.79%	19.94%
Operating Margin	5.12%	5.54%	1.52%	3.21%	2.93%	15.54%
Profit Margin	4.47%	5.17%	1.15%	2.60%	3.38%	12.60%
Free Cash Flow Margin	1.38%	2.35%	3.82%	1.91%	11.46%	9.45%
EBITDA	1,373	1,467	779.18	1,275	1,344	3,806
EBITDA Margin	7.67%	8.04%	3.61%	4.81%	4.27%	17.55%
D&A For EBITDA	457	456.06	452.3	423.72	421.81	437.49
EBIT	915.81	1,011	326.89	851.05	922.29	3,368
EBIT Margin	5.12%	5.54%	1.52%	3.21%	2.93%	15.54%
Effective Tax Rate	22.70%	22.46%	46.25%	29.33%	19.61%	24.15%
Revenue as Reported	18,233	18,233	21,560	26,507	31,463	21,679
Advertising Expenses	-	2.08	1.93	2.27	3.45	1.16

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