SHA:600585 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	67,427	69,419	74,156	86,407	132,022	148,224
Other Revenue	13,113	13,113	16,873	54,750	-	19,735
Revenue	80,540	82,532	91,030	141,157	132,022	167,960
Revenue Growth (YoY)	-9.26%	-9.34%	-35.51%	6.92%	-21.40%	-4.73%
Cost of Revenue	61,395	62,653	71,272	117,746	104,831	118,185
Gross Profit	19,145	19,879	19,758	23,412	27,191	49,775
Selling, General & Admin	9,018	9,234	9,003	8,679	8,712	8,171
Research & Development	752.53	847.45	1,257	1,902	2,011	1,327
Other Operating Expenses	755.33	854.22	902.04	910.73	-1,279	558.43
Operating Expenses	10,604	11,013	11,195	11,524	9,445	10,081
Operating Income	8,541	8,866	8,562	11,888	17,746	39,694
Interest Expense	-619.87	-650.68	-778.7	-930.4	-524.63	-333.67
Interest & Investment Income	2,518	2,665	2,378	2,761	2,388	3,632
Earnings From Equity Investments	-	-	-	-	665.01	-
Currency Exchange Gain (Loss)	-347.99	-347.99	-121.11	-160	-34.82	-577.97
Other Non Operating Income (Expenses)	-127.8	-75.07	-113.17	-5.88	-	925.13
EBT Excluding Unusual Items	9,963	10,457	9,928	13,553	20,239	43,339
Impairment of Goodwill	-237.14	-237.14	-	-	-	-
Gain (Loss) on Sale of Investments	151.42	94.73	-90.02	-206.12	-	591.22
Gain (Loss) on Sale of Assets	285.26	287.46	-11.58	45.56	-19.29	104.38
Asset Writedown	-524.75	-524.75	-266.46	-452.23	-	-
Other Unusual Items	342.36	342.36	469.63	654.27	12.1	79.17
Pretax Income	9,981	10,420	10,029	13,594	20,232	44,114
Income Tax Expense	2,451	2,554	2,366	2,850	3,875	9,949
Earnings From Continuing Operations	7,530	7,866	7,663	10,745	16,357	34,164
Minority Interest in Earnings	239.52	247.38	32.92	-316.97	-496.8	-896.7
Net Income	7,769	8,113	7,696	10,428	15,861	33,268
Net Income to Common	7,769	8,113	7,696	10,428	15,861	33,268
Net Income Growth	-2.95%	5.42%	-26.19%	-34.26%	-52.32%	-5.38%
Shares Outstanding (Basic)	5,255	5,277	5,277	5,298	5,299	5,299
Shares Outstanding (Diluted)	5,255	5,277	5,277	5,298	5,299	5,299
Shares Change (YoY)	-0.24%	-0.01%	-0.40%	-0.02%	-	-
EPS (Basic)	1.48	1.54	1.46	1.97	2.99	6.28
EPS (Diluted)	1.48	1.54	1.46	1.97	2.99	6.28
EPS Growth	-2.72%	5.42%	-25.90%	-34.18%	-52.37%	-5.31%
Free Cash Flow	7,400	7,008	7,162	5,907	-4,868	18,697
Free Cash Flow Per Share	1.41	1.33	1.36	1.11	-0.92	3.53
Dividend Per Share	0.850	0.850	0.710	0.960	1.480	2.380
Dividend Growth	19.72%	19.72%	-26.04%	-35.13%	-37.81%	12.26%
Gross Margin	23.77%	24.09%	21.70%	16.59%	20.60%	29.64%
Operating Margin	10.61%	10.74%	9.41%	8.42%	13.44%	23.63%
Profit Margin	9.65%	9.83%	8.46%	7.39%	12.01%	19.81%
Free Cash Flow Margin	9.19%	8.49%	7.87%	4.18%	-3.69%	11.13%
EBITDA	16,911	17,246	16,984	19,314	24,535	45,652
EBITDA Margin	21.00%	20.90%	18.66%	13.68%	18.58%	27.18%
D&A For EBITDA	8,370	8,380	8,422	7,426	6,789	5,958
EBIT	8,541	8,866	8,562	11,888	17,746	39,694
EBIT Margin	10.61%	10.74%	9.41%	8.42%	13.44%	23.63%
Effective Tax Rate	24.56%	24.51%	23.59%	20.96%	19.15%	22.55%

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