SHA:600572 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	6,603	6,382	6,426	6,652	5,945	6,531
Other Revenue	91.43	91.43	89.02	80.59	54.95	37.67
Revenue	6,694	6,473	6,515	6,733	6,000	6,568
Revenue Growth (YoY)	4.99%	-0.64%	-3.23%	12.21%	-8.64%	11.15%
Cost of Revenue	3,114	3,051	3,101	2,835	2,470	2,626
Gross Profit	3,580	3,422	3,414	3,897	3,531	3,942
Selling, General & Admin	2,645	2,564	2,480	2,832	2,581	2,964
Research & Development	259.39	262.22	300.02	298.09	195.72	202.49
Other Operating Expenses	84.74	65.43	52.8	-38.49	62.99	64.65
Operating Expenses	2,988	2,893	2,834	3,093	2,840	3,268
Operating Income	591.72	529.22	580.51	804.32	690.41	674.18
Interest Expense	-6.96	-7.79	-20.79	-36.4	-49.47	-73.22
Interest & Investment Income	95.88	95.48	101.92	135.27	89.35	2,611
Currency Exchange Gain (Loss)	-1.75	-1.75	5.22	3.09	-1.11	0.06
Other Non Operating Income (Expenses)	-12.09	-11.16	-1.65	-21.98	-3.76	-9.31
EBT Excluding Unusual Items	660.25	604	665.22	884.3	725.42	3,203
Gain (Loss) on Sale of Investments	-13.09	25.64	30.27	-146.04	-238.23	-714.69
Gain (Loss) on Sale of Assets	4.87	4.89	16.91	35.68	36.02	42.22
Asset Writedown	-31.8	-26.81	-1.82	-7.18	-1.84	-95.71
Other Unusual Items	49.04	37.45	69.36	0.93	68.64	92.55
Pretax Income	669.27	645.17	779.94	767.69	590.01	2,527
Income Tax Expense	167.71	153.62	121.59	92.97	129.89	391.13
Earnings From Continuing Operations	501.56	491.55	658.35	674.72	460.12	2,136
Minority Interest in Earnings	-18.14	-17.19	-35.94	-83.15	-102	-118.31
Net Income	483.42	474.36	622.42	591.57	358.12	2,017
Net Income to Common	483.42	474.36	622.42	591.57	358.12	2,017
Net Income Growth	-18.86%	-23.79%	5.21%	65.19%	-82.25%	345.06%
Shares Outstanding (Basic)	2,501	2,497	2,490	2,572	2,558	2,586
Shares Outstanding (Diluted)	2,501	2,497	2,490	2,572	2,558	2,586
Shares Change (YoY)	-3.29%	0.28%	-3.20%	0.55%	-1.10%	2.71%
EPS (Basic)	0.19	0.19	0.25	0.23	0.14	0.78
EPS (Diluted)	0.19	0.19	0.25	0.23	0.14	0.78
EPS Growth	-16.10%	-24.00%	8.70%	64.29%	-82.05%	333.33%
Free Cash Flow	878.62	795.35	721.9	689.5	863.73	309.8
Free Cash Flow Per Share	0.35	0.32	0.29	0.27	0.34	0.12
Dividend Per Share	0.150	0.150	0.150	0.200	0.150	0.160
Dividend Growth	-	-	-25.00%	33.33%	-6.25%	-
Gross Margin	53.48%	52.87%	52.41%	57.88%	58.84%	60.02%
Operating Margin	8.84%	8.18%	8.91%	11.95%	11.51%	10.26%
Profit Margin	7.22%	7.33%	9.55%	8.79%	5.97%	30.72%
Free Cash Flow Margin	13.13%	12.29%	11.08%	10.24%	14.39%	4.72%
EBITDA	921.45	861.21	921.47	1,129	963.34	956.65
EBITDA Margin	13.76%	13.30%	14.14%	16.76%	16.05%	14.56%
D&A For EBITDA	329.74	331.98	340.96	324.35	272.93	282.47
EBIT	591.72	529.22	580.51	804.32	690.41	674.18
EBIT Margin	8.84%	8.18%	8.91%	11.95%	11.51%	10.26%
Effective Tax Rate	25.06%	23.81%	15.59%	12.11%	22.02%	15.48%
Revenue as Reported	6,694	6,473	6,515	6,733	6,000	6,568

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