SHA:600596 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	14,658	14,198	14,034	14,149	21,217	18,520
Other Revenue	426.26	426.26	631.78	481.41	585.34	456.32
Revenue	15,084	14,625	14,665	14,630	21,803	18,977
Revenue Growth (YoY)	5.38%	-0.28%	0.24%	-32.90%	14.89%	51.45%
Cost of Revenue	13,243	12,969	13,105	12,917	16,583	14,180
Gross Profit	1,841	1,655	1,560	1,713	5,220	4,797
Selling, General & Admin	1,001	992.25	940.75	938.3	926.45	849.38
Research & Development	497.37	508.88	575	604.68	782.88	571.79
Other Operating Expenses	23.74	13.14	41.93	58.9	99.87	70.97
Operating Expenses	1,544	1,538	1,542	1,520	1,858	1,550
Operating Income	297.06	117.47	18.91	193.22	3,361	3,247
Interest Expense	-54.61	-49.76	-78.71	-60.66	-57.51	-72.31
Interest & Investment Income	23.9	32.51	103.41	96.75	113.29	96.43
Currency Exchange Gain (Loss)	39.09	39.09	25.34	30.9	84.45	-34.84
Other Non Operating Income (Expenses)	-71.31	-36.8	-38.16	-8.27	-30.06	-55.97
EBT Excluding Unusual Items	234.15	102.53	30.78	251.95	3,471	3,180
Impairment of Goodwill	-20.93	-20.93	-14.89	-11.02	-9.81	-0.63
Gain (Loss) on Sale of Investments	-25.58	-25.21	-15.07	-13.67	-7.27	-26.39
Gain (Loss) on Sale of Assets	141.78	189.49	41.15	-16.86	-12.3	-30.83
Asset Writedown	-74.87	-53.17	-25.59	-3.33	-56.52	-59.45
Other Unusual Items	71.64	71.64	104.9	96	87.51	80.46
Pretax Income	326.18	264.35	121.27	303.07	3,473	3,143
Income Tax Expense	139.96	136.97	62.65	134.46	448.68	430.7
Earnings From Continuing Operations	186.22	127.38	58.63	168.61	3,024	2,713
Minority Interest in Earnings	23.78	19.48	-7.22	-34.47	-69.68	-58.03
Net Income	210.01	146.86	51.41	134.13	2,955	2,654
Net Income to Common	210.01	146.86	51.41	134.13	2,955	2,654
Net Income Growth	-	185.67%	-61.68%	-95.46%	11.30%	354.56%
Shares Outstanding (Basic)	1,335	1,335	1,285	1,118	1,146	1,141
Shares Outstanding (Diluted)	1,335	1,335	1,285	1,118	1,146	1,141
Shares Change (YoY)	3.79%	3.88%	14.97%	-2.44%	0.39%	4.07%
EPS (Basic)	0.16	0.11	0.04	0.12	2.58	2.33
EPS (Diluted)	0.16	0.11	0.04	0.12	2.58	2.33
EPS Growth	-	175.00%	-66.67%	-95.35%	10.87%	336.79%
Free Cash Flow	302.61	-71.23	-1,060	-1,665	1,527	2,029
Free Cash Flow Per Share	0.23	-0.05	-0.82	-1.49	1.33	1.78
Dividend Per Share	0.100	0.100	0.100	0.100	0.750	0.357
Dividend Growth	-	-	-	-86.67%	110.02%	99.94%
Gross Margin	12.21%	11.32%	10.64%	11.71%	23.94%	25.28%
Operating Margin	1.97%	0.80%	0.13%	1.32%	15.42%	17.11%
Profit Margin	1.39%	1.00%	0.35%	0.92%	13.55%	13.99%
Free Cash Flow Margin	2.01%	-0.49%	-7.23%	-11.38%	7.00%	10.69%
EBITDA	1,053	873.2	775.4	838.94	3,950	3,806
EBITDA Margin	6.98%	5.97%	5.29%	5.73%	18.12%	20.06%
D&A For EBITDA	755.53	755.73	756.49	645.72	588.48	559.57
EBIT	297.06	117.47	18.91	193.22	3,361	3,247
EBIT Margin	1.97%	0.80%	0.13%	1.32%	15.42%	17.11%
Effective Tax Rate	42.91%	51.81%	51.66%	44.37%	12.92%	13.70%
Revenue as Reported	15,084	14,625	14,665	14,630	21,803	18,977
Advertising Expenses	-	7	6.54	7.39	3.04	6.16

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