SHA:600523 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	2,455	2,451	2,307	2,246	2,077	2,299
Other Revenue	72.03	72.03	73.28	88.25	76.2	95.18
Revenue	2,527	2,523	2,380	2,335	2,153	2,394
Revenue Growth (YoY)	4.08%	6.00%	1.95%	8.43%	-10.07%	7.07%
Cost of Revenue	2,005	2,008	1,858	1,803	1,681	1,863
Gross Profit	522.03	515.31	522.35	531.93	472.53	530.95
Selling, General & Admin	243.41	250.14	225.68	218.75	228.42	269.23
Research & Development	179.18	169.79	155.91	138.13	109.89	102.54
Other Operating Expenses	20.69	23.83	3.63	18.98	13.34	16.2
Operating Expenses	451.56	452.04	401.52	378.55	356.07	408.42
Operating Income	70.47	63.27	120.84	153.38	116.46	122.53
Interest Expense	-1.06	-1.06	-0.92	-0.31	-0.08	-0.16
Interest & Investment Income	96.78	93.53	43.7	55.69	36.35	40.96
Currency Exchange Gain (Loss)	0.75	0.75	-0.42	0.24	0.61	-0.62
Other Non Operating Income (Expenses)	2.82	2.11	4.97	-32	-19.92	6.16
EBT Excluding Unusual Items	162.89	158.6	168.15	177.01	133.42	168.87
Gain (Loss) on Sale of Investments	12.59	13.53	16.88	14.61	4.95	2.86
Gain (Loss) on Sale of Assets	19	19	4.74	-3.43	-1.96	-3.12
Asset Writedown	-1.1	-0.73	-	-	-1.42	-0.19
Other Unusual Items	13.53	13.53	6.97	7.27	8.78	10.67
Pretax Income	206.92	203.94	196.74	195.45	143.77	179.08
Income Tax Expense	4.22	4.74	13.67	26.57	15.08	18
Earnings From Continuing Operations	202.7	199.2	183.07	168.88	128.69	161.08
Minority Interest in Earnings	-6.32	-6.58	-5.42	-4.73	-5.91	-8.18
Net Income	196.38	192.62	177.65	164.15	122.78	152.9
Net Income to Common	196.38	192.62	177.65	164.15	122.78	152.9
Net Income Growth	9.49%	8.42%	8.23%	33.69%	-19.69%	1.78%
Shares Outstanding (Basic)	411	401	404	400	409	402
Shares Outstanding (Diluted)	411	401	404	400	409	402
Shares Change (YoY)	3.23%	-0.61%	0.85%	-2.18%	1.72%	-0.90%
EPS (Basic)	0.48	0.48	0.44	0.41	0.30	0.38
EPS (Diluted)	0.48	0.48	0.44	0.41	0.30	0.38
EPS Growth	6.06%	9.09%	7.32%	36.67%	-21.05%	2.70%
Free Cash Flow	-31.42	-11.98	-115.11	-0.12	1.89	80.97
Free Cash Flow Per Share	-0.08	-0.03	-0.28	-	0.01	0.20
Dividend Per Share	0.144	0.144	0.132	0.122	0.110	0.133
Dividend Growth	9.09%	9.09%	8.20%	10.91%	-17.29%	-33.50%
Gross Margin	20.66%	20.42%	21.95%	22.78%	21.95%	22.18%
Operating Margin	2.79%	2.51%	5.08%	6.57%	5.41%	5.12%
Profit Margin	7.77%	7.63%	7.46%	7.03%	5.70%	6.39%
Free Cash Flow Margin	-1.24%	-0.47%	-4.84%	-0.01%	0.09%	3.38%
EBITDA	169.5	162.13	218.98	252.22	206.79	235.3
EBITDA Margin	6.71%	6.42%	9.20%	10.80%	9.60%	9.83%
D&A For EBITDA	99.03	98.85	98.14	98.84	90.33	112.78
EBIT	70.47	63.27	120.84	153.38	116.46	122.53
EBIT Margin	2.79%	2.51%	5.08%	6.57%	5.41%	5.12%
Effective Tax Rate	2.04%	2.32%	6.95%	13.59%	10.49%	10.05%
Revenue as Reported	2,523	2,523	2,380	2,335	2,153	2,394

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