SHA:600611 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,091	2,608	4,289	2,132	2,088
Other Revenue	136.15	235.2	214.85	228.47	258.38
Revenue	2,227	2,843	4,504	2,360	2,346
Revenue Growth (YoY)	-21.68%	-36.87%	90.83%	0.60%	-11.10%
Cost of Revenue	1,733	2,244	3,443	1,779	1,513
Gross Profit	494.12	599.71	1,061	581.2	832.74
Selling, General & Admin	306.34	380.76	536.88	497.91	395.42
Research & Development	45.35	58	60.38	28.73	5.86
Other Operating Expenses	7.59	35.53	55.15	47.68	105.94
Operating Expenses	359.28	479.5	655.58	574.36	509.95
Operating Income	134.83	120.21	405.33	6.84	322.79
Interest Expense	-6.77	-197.72	-206.91	-181.35	-186.92
Interest & Investment Income	131.91	104.35	247.1	89.72	173.3
Currency Exchange Gain (Loss)	-	6.74	6.48	23.93	-10.56
Other Non Operating Income (Expenses)	-179.88	-3.09	-1.77	3.68	-41.72
EBT Excluding Unusual Items	80.09	30.49	450.23	-57.18	256.89
Impairment of Goodwill	-	-83.84	-	-	-
Gain (Loss) on Sale of Investments	230.22	409.69	122.07	-210.68	182.61
Gain (Loss) on Sale of Assets	-1.53	25.27	-20.22	-57.32	-18.6
Asset Writedown	-147.03	-29.93	-3.96	-2.18	-1.47
Other Unusual Items	-	38.94	34.6	33.93	52.13
Pretax Income	161.75	390.61	582.73	-293.44	471.57
Income Tax Expense	63.44	143.59	204.39	-58.54	93.76
Earnings From Continuing Operations	98.31	247.03	378.34	-234.9	377.81
Minority Interest in Earnings	-25.91	-35.46	-54.18	-37.93	-49.36
Net Income	72.4	211.56	324.16	-272.83	328.45
Net Income to Common	72.4	211.56	324.16	-272.83	328.45
Net Income Growth	-65.78%	-34.73%	-	-	-38.65%
Shares Outstanding (Basic)	2,413	2,351	2,315	2,274	2,346
Shares Outstanding (Diluted)	2,413	2,351	2,315	2,274	2,346
Shares Change (YoY)	2.67%	1.52%	1.84%	-3.09%	0.79%
EPS (Basic)	0.03	0.09	0.14	-0.12	0.14
EPS (Diluted)	0.03	0.09	0.14	-0.12	0.14
EPS Growth	-66.67%	-35.71%	-	-	-39.13%
Free Cash Flow	428.76	410.33	-426.4	-1,439	948.1
Free Cash Flow Per Share	0.18	0.17	-0.18	-0.63	0.40
Dividend Per Share	-	0.030	0.050	0.030	0.028
Dividend Growth	-	-40.00%	66.67%	7.14%	-
Gross Margin	22.19%	21.09%	23.56%	24.63%	35.50%
Operating Margin	6.05%	4.23%	9.00%	0.29%	13.76%
Profit Margin	3.25%	7.44%	7.20%	-11.56%	14.00%
Free Cash Flow Margin	19.25%	14.43%	-9.47%	-60.96%	40.41%
EBITDA	611.99	607.78	898.87	438.17	691.63
EBITDA Margin	27.48%	21.38%	19.96%	18.57%	29.48%
D&A For EBITDA	477.15	487.57	493.54	431.33	368.84
EBIT	134.83	120.21	405.33	6.84	322.79
EBIT Margin	6.05%	4.23%	9.00%	0.29%	13.76%
Effective Tax Rate	39.22%	36.76%	35.08%	-	19.88%
Revenue as Reported	-	2,843	4,504	2,360	2,346
Advertising Expenses	-	51.42	141.86	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.