SHA:600566 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	5,784	6,205	7,997	9,638	8,976	7,618
Other Revenue	14.11	14.11	20.38	16.51	19.87	13
Revenue	5,798	6,219	8,017	9,655	8,996	7,631
Revenue Growth	-13.86%	-22.43%	-16.96%	7.32%	17.90%	23.77%
Cost of Revenue	1,119	1,309	1,666	1,784	1,537	1,277
Gross Profit	4,680	4,909	6,350	7,871	7,459	6,354
Selling, General & Admin	2,348	2,559	3,387	4,379	4,477	4,031
Research & Development	404.38	385.1	444.78	464.4	553.3	523.44
Other Operating Expenses	90.26	105.98	114.37	146.24	138.81	120.9
Operating Expenses	2,847	3,055	3,924	4,987	5,205	4,683
Operating Income	1,832	1,855	2,427	2,884	2,254	1,671
Interest Expense	-11.45	-11.45	-27.27	-17.58	-30.41	-34.9
Interest & Investment Income	322.16	256.71	352.77	357.81	183.21	171.42
Currency Exchange Gain (Loss)	-0.01	-0.01	-	-	-	-
Other Non Operating Income (Expenses)	-6.46	-0.8	-1.03	-0.83	-1.2	-0.41
EBT Excluding Unusual Items	2,137	2,099	2,751	3,223	2,405	1,807
Gain (Loss) on Sale of Investments	87.76	41.31	99.2	14.6	-7.32	114.55
Gain (Loss) on Sale of Assets	0.13	0.17	0.2	0.13	5.22	0.65
Asset Writedown	-1.7	-0.45	-0.28	-1.09	-0.53	-0.42
Other Unusual Items	22.17	22.17	127.97	60.42	105.09	28.96
Pretax Income	2,245	2,162	2,978	3,297	2,508	1,950
Income Tax Expense	410.07	383.99	441.54	470.03	336.2	233.22
Earnings From Continuing Operations	1,835	1,778	2,537	2,827	2,172	1,717
Minority Interest in Earnings	2.72	-0.41	-5.15	-4.28	-0.97	1.96
Net Income	1,838	1,778	2,532	2,823	2,171	1,719
Net Income to Common	1,838	1,778	2,532	2,823	2,171	1,719
Net Income Growth	-4.17%	-29.77%	-10.32%	30.04%	26.27%	34.60%
Shares Outstanding (Basic)	918	921	917	916	890	886
Shares Outstanding (Diluted)	918	921	917	916	908	900
Shares Change	-0.21%	0.43%	0.08%	0.91%	0.91%	7.82%
EPS (Basic)	2.00	1.93	2.76	3.08	2.44	1.94
EPS (Diluted)	2.00	1.93	2.76	3.08	2.39	1.91
EPS Growth	-3.96%	-30.07%	-10.39%	28.87%	25.13%	24.84%

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	804.54	1,102	2,002	3,162	2,377	1,646
Free Cash Flow Per Share	0.88	1.20	2.18	3.45	2.62	1.83
Dividend Per Share	1.740	1.740	2.090	1.300	0.880	0.680
Dividend Growth	-16.75%	-16.75%	60.77%	47.73%	29.41%	51.11%
Gross Margin	80.71%	78.95%	79.21%	81.52%	82.91%	83.27%
Operating Margin	31.60%	29.82%	30.27%	29.87%	25.05%	21.89%
Profit Margin	31.69%	28.59%	31.58%	29.24%	24.13%	22.53%
Free Cash Flow Margin	13.88%	17.73%	24.97%	32.76%	26.42%	21.57%
EBITDA	2,135	2,154	2,733	3,185	2,561	1,964
EBITDA Margin	36.83%	34.63%	34.09%	32.99%	28.47%	25.74%
D&A For EBITDA	302.81	299.16	306.7	301.2	307.14	293.13
EBIT	1,832	1,855	2,427	2,884	2,254	1,671
EBIT Margin	31.60%	29.82%	30.27%	29.87%	25.05%	21.89%
Effective Tax Rate	18.27%	17.76%	14.83%	14.26%	13.41%	11.96%
Revenue as Reported	6,219	6,219	8,017	9,655	8,996	7,631