SHA:600639 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
Rental Revenue	6,038	5,958	2,717	6,542	5,049	4,611
Other Revenue	7.29	7.29	7.66	43.26	4.46	5.93
Total Revenue	6,045	5,965	2,725	6,585	5,053	4,617
Revenue Growth (YoY	159.94%	118.91%	-58.62%	30.31%	9.45%	28.50%
Property Expenses	4,182	4,050	1,336	2,102	1,587	1,460
Selling, General & Administrative	228.92	230.71	181.92	155.12	137.53	135.44
Other Operating Expenses	225.68	227.34	326.86	1,555	1,089	678.22
Total Operating Expenses	4,491	4,363	1,840	3,838	2,820	2,346
Operating Income	1,555	1,602	884.49	2,748	2,234	2,271
Interest Expense	-313.97	-325.31	-490.94	-430.75	-332.69	-326.33
Interest & Investment Income	88.38	103.44	923.19	76.07	182.62	161.7
Currency Exchange Gain (Loss)	-0.54	-0.54	-3.58	-1.67	-0.92	-1.36
Other Non-Operating Income	-1.26	-0.76	-7.09	-1.33	-4.12	-6.02
EBT Excluding Unusual Items	1,327	1,379	1,306	2,390	2,079	2,099
Gain (Loss) on Sale of Investments	0.51	8.62	37.2	18.75	-2.68	13.71
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0.04	-1	-0.01	-0.11
Other Unusual Items	15.8	12.78	0.52	0.25	11.56	21.27
Pretax Income	1,344	1,400	1,344	2,408	2,088	2,134
Income Tax Expense	347.57	375.88	365.74	609.58	535.3	558.6
Earnings From Continuing Operations	996.16	1,024	978.02	1,798	1,552	1,575
Minority Interest in Earnings	46.68	49.21	23.93	20.5	31.3	47.81
Net Income	1,043	1,074	1,002	1,819	1,584	1,623
Net Income to Common	1,043	1,074	1,002	1,819	1,584	1,623
Net Income Growth	18.94%	7.14%	-44.91%	14.85%	-2.43%	46.51%
Basic Shares Outstanding	1,111	1,113	1,122	1,122	1,122	1,122
Diluted Shares Outstanding	1,111	1,113	1,122	1,122	1,122	1,122
Shares Change (YoY)	-0.90%	-0.80%	-0.05%	0.00%	-0.00%	-0.01%
EPS (Basic)	0.94	0.96	0.89	1.62	1.41	1.45
EPS (Diluted)	0.94	0.96	0.89	1.62	1.41	1.45
EPS Growth	20.01%	8.01%	-44.88%	14.85%	-2.43%	46.52%
Dividend Per Share	0.400	0.400	0.323	0.570	0.500	0.500
Dividend Growth	23.95%	23.95%	-43.39%	14.00%	-	66.67%
Operating Margin	25.72%	26.86%	32.46%	41.72%	44.20%	49.19%
Profit Margin	17.25%	18.00%	36.77%	27.62%	31.34%	35.15%
EBITDA	2,116	2,157	1,416	3,259	2,755	2,783
EBITDA Margin	35.00%	36.16%	51.98%	49.48%	54.51%	60.28%
D&A For Ebitda	560.99	555.16	531.85	511.16	520.82	512.09
EBIT	1,555	1,602	884.49	2,748	2,234	2,271
EBIT Margin	25.72%	26.86%	32.46%	41.72%	44.20%	49.19%
Effective Tax Rate	25.87%	26.85%	27.22%	25.32%	25.64%	26.18%
Revenue as Reported	6,045	5,965	2,725	6,585	5,053	4,617

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