SHA:600592 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	1,212	1,322	1,750	1,885	1,690	1,403
Other Revenue	24.32	24.32	28.89	19.52	29.9	31.89
Revenue	1,236	1,346	1,779	1,904	1,719	1,435
Revenue Growth (YoY)	-27.85%	-24.31%	-6.58%	10.74%	19.81%	23.86%
Cost of Revenue	897.19	1,007	1,437	1,541	1,375	1,055
Gross Profit	339.08	339.63	341.46	363.26	344.19	379.99
Selling, General & Admin	130.93	127.48	117.39	106.69	109.65	107.74
Research & Development	101.35	104.18	128.11	127.35	123.02	108.74
Other Operating Expenses	10.93	11.15	10.33	11.29	13.49	15.86
Operating Expenses	243.03	244.85	259.56	249.84	251.32	231.61
Operating Income	96.05	94.78	81.9	113.42	92.87	148.38
Interest Expense	-2.57	-2.96	-4.55	-8.78	-15.67	-9.43
Interest & Investment Income	40.42	40.72	44.28	28.3	30.09	21.89
Currency Exchange Gain (Loss)	1.53	1.53	1.17	2.75	3.6	-1.55
Other Non Operating Income (Expenses)	-2.31	-1.38	1.61	-1.69	3.11	-5.33
EBT Excluding Unusual Items	133.12	132.7	124.41	134	114.01	153.97
Impairment of Goodwill	-	-	-	-	-	-79.55
Gain (Loss) on Sale of Investments	4.42	44.36	20.76	8.47	-163.79	50.45
Gain (Loss) on Sale of Assets	0.73	0.73	1.76	25.79	1.53	188.01
Asset Writedown	3.23	-	-13.66	-13.8	-12.43	-9
Other Unusual Items	25.47	25.55	24.06	23.3	21.68	27.89
Pretax Income	166.98	203.35	157.33	177.75	-38.99	331.77
Income Tax Expense	26.17	32.39	14.48	16.63	-20.15	48.67
Earnings From Continuing Operations	140.81	170.96	142.85	161.12	-18.84	283.1
Minority Interest in Earnings	-2.31	-2.39	-17.54	7.19	12.85	15.06
Net Income	138.5	168.56	125.31	168.31	-5.99	298.16
Net Income to Common	138.5	168.56	125.31	168.31	-5.99	298.16
Net Income Growth	15.52%	34.52%	-25.55%	-	-	99.28%
Shares Outstanding (Basic)	402	401	404	401	399	398
Shares Outstanding (Diluted)	402	401	404	401	399	398
Shares Change (YoY)	-0.45%	-0.71%	0.87%	0.35%	0.45%	-1.69%
EPS (Basic)	0.34	0.42	0.31	0.42	-0.01	0.75
EPS (Diluted)	0.34	0.42	0.31	0.42	-0.01	0.75
EPS Growth	16.04%	35.48%	-26.19%	-	-	102.70%
Free Cash Flow	112.3	60.62	287.5	-82.57	9.12	24.93
Free Cash Flow Per Share	0.28	0.15	0.71	-0.21	0.02	0.06
Dividend Per Share	0.130	0.130	0.100	0.127	-	0.122
Dividend Growth	30.00%	30.00%	-21.26%	-	-	7.96%
Gross Margin	27.43%	25.23%	19.20%	19.08%	20.02%	26.48%
Operating Margin	7.77%	7.04%	4.60%	5.96%	5.40%	10.34%
Profit Margin	11.20%	12.52%	7.04%	8.84%	-0.35%	20.77%
Free Cash Flow Margin	9.08%	4.50%	16.16%	-4.34%	0.53%	1.74%
EBITDA	168.73	166.75	150.98	183.83	162.9	221.42
EBITDA Margin	13.65%	12.39%	8.49%	9.65%	9.47%	15.43%
D&A For EBITDA	72.69	71.96	69.08	70.4	70.03	73.04
EBIT	96.05	94.78	81.9	113.42	92.87	148.38
EBIT Margin	7.77%	7.04%	4.60%	5.96%	5.40%	10.34%
Effective Tax Rate	15.67%	15.93%	9.20%	9.35%	-	14.67%
Revenue as Reported	1,236	1,346	1,779	1,904	1,719	1,435

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