SHA:600523 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	2,451	2,307	2,246	2,077	2,299
Other Revenue	72.03	73.28	88.25	76.2	95.18
Revenue	2,523	2,380	2,335	2,153	2,394
Revenue Growth (YoY)	6.00%	1.95%	8.43%	-10.07%	7.07%
Cost of Revenue	2,008	1,858	1,803	1,681	1,863
Gross Profit	515.31	522.35	531.93	472.53	530.95
Selling, General & Admin	250.14	225.68	218.75	228.42	269.23
Research & Development	169.79	155.91	138.13	109.89	102.54
Other Operating Expenses	23.83	3.63	18.98	13.34	16.2
Operating Expenses	452.04	401.52	378.55	356.07	408.42
Operating Income	63.27	120.84	153.38	116.46	122.53
Interest Expense	-1.06	-0.92	-0.31	-0.08	-0.16
Interest & Investment Income	93.53	43.7	55.69	36.35	40.96
Currency Exchange Gain (Loss)	0.75	-0.42	0.24	0.61	-0.62
Other Non Operating Income (Expenses)	2.11	4.97	-32	-19.92	6.16
EBT Excluding Unusual Items	158.6	168.15	177.01	133.42	168.87
Gain (Loss) on Sale of Investments	13.53	16.88	14.61	4.95	2.86
Gain (Loss) on Sale of Assets	19	4.74	-3.43	-1.96	-3.12
Asset Writedown	-0.73	-	-	-1.42	-0.19
Other Unusual Items	13.53	6.97	7.27	8.78	10.67
Pretax Income	203.94	196.74	195.45	143.77	179.08
Income Tax Expense	4.74	13.67	26.57	15.08	18
Earnings From Continuing Operations	199.2	183.07	168.88	128.69	161.08
Minority Interest in Earnings	-6.58	-5.42	-4.73	-5.91	-8.18
Net Income	192.62	177.65	164.15	122.78	152.9
Net Income to Common	192.62	177.65	164.15	122.78	152.9
Net Income Growth	8.42%	8.23%	33.69%	-19.69%	1.78%
Shares Outstanding (Basic)	401	404	400	409	402
Shares Outstanding (Diluted)	401	404	400	409	402
Shares Change (YoY)	-0.61%	0.85%	-2.18%	1.72%	-0.90%
EPS (Basic)	0.48	0.44	0.41	0.30	0.38
EPS (Diluted)	0.48	0.44	0.41	0.30	0.38
EPS Growth	9.09%	7.32%	36.67%	-21.05%	2.70%
Free Cash Flow	-11.98	-115.11	-0.12	1.89	80.97
Free Cash Flow Per Share	-0.03	-0.28	-	0.01	0.20
Dividend Per Share	0.144	0.132	0.122	0.110	0.133
Dividend Growth	9.09%	8.20%	10.91%	-17.29%	-33.50%
Gross Margin	20.42%	21.95%	22.78%	21.95%	22.18%
Operating Margin	2.51%	5.08%	6.57%	5.41%	5.12%
Profit Margin	7.63%	7.46%	7.03%	5.70%	6.39%
Free Cash Flow Margin	-0.47%	-4.84%	-0.01%	0.09%	3.38%
EBITDA	162.13	218.98	252.22	206.79	235.3
EBITDA Margin	6.42%	9.20%	10.80%	9.60%	9.83%
D&A For EBITDA	98.85	98.14	98.84	90.33	112.78
EBIT	63.27	120.84	153.38	116.46	122.53
EBIT Margin	2.51%	5.08%	6.57%	5.41%	5.12%
Effective Tax Rate	2.32%	6.95%	13.59%	10.49%	10.05%
Revenue as Reported	2,523	2,380	2,335	2,153	2,394

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