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	Jun '26 Jun 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	17,503	18,171	21,513	26,443	31,388	21,603
Other Revenue	68.59	61.99	46.03	63.9	75	76.23
Revenue	17,572	18,233	21,560	26,507	31,463	21,679
Revenue Growth	-8.24%	-15.43%	-18.67%	-15.75%	45.13%	30.59%
Cost of Revenue	15,918	16,478	20,531	24,846	29,326	17,356
Gross Profit	1,654	1,755	1,029	1,661	2,137	4,323
Selling, General & Admin	572.65	528.84	496.54	639.29	1,066	711.29
Research & Development	74.88	82.6	103.94	87.12	79.01	92.47
Other Operating Expenses	139.47	124.74	96.77	79.01	69.1	150.79
Operating Expenses	797.07	744.35	701.97	810.02	1,215	954.68
Operating Income	857.18	1,011	326.89	851.05	922.29	3,368
Interest Expense	-28.85	-25.21	-27.14	-62.48	-240.22	-117.03
Interest & Investment Income	201.85	199.45	190.95	287.06	413.1	300.02
Currency Exchange Gain (Loss)	-6	-2.41	0.73	1.77	1.95	-1.88
Other Non Operating Income (Expenses)	-86.43	-92.01	-95.13	-120.23	-15.94	-26.94
EBT Excluding Unusual Items	937.75	1,091	396.3	957.17	1,081	3,522
Gain (Loss) on Sale of Investments	-51.13	81.88	-117.05	-67.2	-40.44	3.12
Gain (Loss) on Sale of Assets	-0.78	-10.92	32.44	-7.91	143.58	1.29
Asset Writedown	-	-	-	-	-	-2.37
Other Unusual Items	91.91	60.73	157.38	84.31	100.17	113.53
Pretax Income	977.76	1,222	469.06	966.37	1,284	3,638
Income Tax Expense	226.65	274.5	216.96	283.42	251.85	878.52
Earnings From Continuing Operations	751.1	947.79	252.1	682.95	1,033	2,760
Minority Interest in Earnings	-5.55	-5.52	-4.26	5.87	29.76	-27.53
Net Income	745.55	942.27	247.85	688.82	1,062	2,732
Net Income to Common	745.55	942.27	247.85	688.82	1,062	2,732
Net Income Growth	52.12%	280.18%	-64.02%	-35.16%	-61.11%	27.64%
Shares Outstanding (Basic)	2,315	2,315	2,274	2,335	2,155	2,151
Shares Outstanding (Diluted)	2,315	2,315	2,274	2,400	2,275	2,151
Shares Change	2.17%	1.82%	-5.26%	5.50%	5.75%	-0.50%
EPS (Basic)	0.32	0.41	0.11	0.29	0.49	1.27
EPS (Diluted)	0.32	0.41	0.11	0.29	0.47	1.27
EPS Growth	48.90%	273.39%	-62.02%	-38.54%	-63.23%	28.28%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	243.9	428.14	824.76	505.48	3,606	2,048
Free Cash Flow Per Share	0.10	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	9.41%	9.63%	4.77%	6.27%	6.79%	19.94%
Operating Margin	4.88%	5.54%	1.52%	3.21%	2.93%	15.54%
Profit Margin	4.24%	5.17%	1.15%	2.60%	3.38%	12.60%
Free Cash Flow Margin	1.39%	2.35%	3.82%	1.91%	11.46%	9.45%
EBITDA	1,372	1,467	779.18	1,275	1,344	3,806
EBITDA Margin	7.81%	8.04%	3.61%	4.81%	4.27%	17.55%
D&A For EBITDA	514.55	456.06	452.3	423.72	421.81	437.49
EBIT	857.18	1,011	326.89	851.05	922.29	3,368
EBIT Margin	4.88%	5.54%	1.52%	3.21%	2.93%	15.54%
Effective Tax Rate	23.18%	22.46%	46.25%	29.33%	19.61%	24.15%
Revenue as Reported	17,572	18,233	21,560	26,507	31,463	21,679
Advertising Expenses	-	2.08	1.93	2.27	3.45	1.16