SHA:600611 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	1,990	2,052	2,608	4,289	2,132	2,088
Other Revenue	161.08	175.24	235.2	214.85	228.47	258.38
Revenue	2,151	2,227	2,843	4,504	2,360	2,346
Revenue Growth (YoY)	-18.89%	-21.68%	-36.87%	90.83%	0.60%	-11.10%
Cost of Revenue	1,808	1,838	2,244	3,443	1,779	1,513
Gross Profit	343.33	388.7	599.71	1,061	581.2	832.74
Selling, General & Admin	297.51	302.27	380.76	536.88	497.91	395.42
Research & Development	41.06	45.35	58	60.38	28.73	5.86
Other Operating Expenses	27.13	30.36	35.3	55.15	47.68	105.94
Operating Expenses	374.2	386.49	479.26	655.58	574.36	509.95
Operating Income	-30.87	2.21	120.44	405.33	6.84	322.79
Interest Expense	-167.8	-168.93	-197.72	-206.91	-181.35	-186.92
Interest & Investment Income	163.51	153.18	104.35	247.1	89.72	173.3
Currency Exchange Gain (Loss)	-9.16	-9.16	6.74	6.48	23.93	-10.56
Other Non Operating Income (Expenses)	3.6	-4.92	-3.09	-1.77	3.68	-41.72
EBT Excluding Unusual Items	-40.71	-27.62	30.72	450.23	-57.18	256.89
Impairment of Goodwill	-48.78	-48.78	-83.84	-	-	-
Gain (Loss) on Sale of Investments	63.07	218.83	409.69	122.07	-210.68	182.61
Gain (Loss) on Sale of Assets	-3.99	-1.53	25.27	-20.22	-57.32	-18.6
Asset Writedown	-3.6	-3.6	-29.93	-3.96	-2.18	-1.47
Other Unusual Items	24.45	24.45	38.7	34.6	33.93	52.13
Pretax Income	-9.57	161.75	390.61	582.73	-293.44	471.57
Income Tax Expense	24.76	63.44	143.59	204.39	-58.54	93.76
Earnings From Continuing Operations	-34.33	98.31	247.03	378.34	-234.9	377.81
Minority Interest in Earnings	-23.42	-25.91	-35.46	-54.18	-37.93	-49.36
Net Income	-57.75	72.4	211.56	324.16	-272.83	328.45
Net Income to Common	-57.75	72.4	211.56	324.16	-272.83	328.45
Net Income Growth	-	-65.78%	-34.73%	-	-	-38.65%
Shares Outstanding (Basic)	2,556	2,413	2,351	2,315	2,274	2,346
Shares Outstanding (Diluted)	2,556	2,413	2,351	2,315	2,274	2,346
Shares Change (YoY)	9.08%	2.67%	1.52%	1.84%	-3.09%	0.79%
EPS (Basic)	-0.02	0.03	0.09	0.14	-0.12	0.14
EPS (Diluted)	-0.02	0.03	0.09	0.14	-0.12	0.14
EPS Growth	-	-66.67%	-35.71%	-	-	-39.13%
Free Cash Flow	643.32	428.76	410.33	-426.4	-1,439	948.1
Free Cash Flow Per Share	0.25	0.18	0.17	-0.18	-0.63	0.40
Dividend Per Share	0.040	0.040	0.030	0.050	0.030	0.028
Dividend Growth	33.33%	33.33%	-40.00%	66.67%	7.14%	-
Gross Margin	15.96%	17.46%	21.09%	23.56%	24.63%	35.50%
Operating Margin	-1.44%	0.10%	4.24%	9.00%	0.29%	13.76%
Profit Margin	-2.69%	3.25%	7.44%	7.20%	-11.56%	14.00%
Free Cash Flow Margin	29.91%	19.25%	14.43%	-9.47%	-60.96%	40.41%
EBITDA	425.76	465.89	612.33	898.87	438.17	691.63
EBITDA Margin	19.79%	20.92%	21.54%	19.96%	18.57%	29.48%
D&A For EBITDA	456.63	463.68	491.88	493.54	431.33	368.84
EBIT	-30.87	2.21	120.44	405.33	6.84	322.79
EBIT Margin	-1.44%	0.10%	4.24%	9.00%	0.29%	13.76%
Effective Tax Rate	-	39.22%	36.76%	35.08%	-	19.88%
Revenue as Reported	2,227	2,227	2,843	4,504	2,360	2,346
Advertising Expenses	-	18.61	51.42	141.86	-	-

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