SHA:600645 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	1,421	1,455	1,550	1,538	1,507	1,497
Other Revenue	-	-	35.81	52.07	47.8	37.94
Revenue	1,421	1,455	1,585	1,590	1,555	1,535
Revenue Growth (YoY)	-7.59%	-8.23%	-0.27%	2.24%	1.27%	16.41%
Cost of Revenue	424.22	438.8	497.75	505.02	510.29	473.84
Gross Profit	997.27	1,016	1,088	1,085	1,045	1,061
Selling, General & Admin	642.95	654.87	695.33	719.77	723.4	749.78
Research & Development	146.05	149.01	182.11	184.49	146.12	133.85
Other Operating Expenses	13.07	15.72	19.39	19.19	17.59	16.54
Operating Expenses	802.07	819.6	924.48	946.57	901.67	937.05
Operating Income	195.2	196.55	163.2	138.14	142.93	124.44
Interest Expense	-	-	-5.03	-5.02	-4.02	-3.14
Interest & Investment Income	-	-	24.4	29.59	18.23	16.21
Earnings From Equity Investments	2.21	-	-14.3	-11.85	-7.96	-
Currency Exchange Gain (Loss)	-	-	-3.2	1.51	-2.37	0.1
Other Non Operating Income (Expenses)	-5.52	-5.49	-3.22	1.03	-2	-1.49
EBT Excluding Unusual Items	191.9	191.06	161.84	153.4	144.82	136.13
Impairment of Goodwill	-	-	-	-	-	-19.72
Gain (Loss) on Sale of Investments	-6.91	-7.92	-30.03	-36.09	-0.75	79.09
Gain (Loss) on Sale of Assets	6.59	6.41	1.3	3.67	2.03	0.51
Asset Writedown	-16.13	-15.11	-4.68	-0.31	-0.8	-6.26
Other Unusual Items	-	-	7.52	11.92	9.9	33.2
Pretax Income	175.45	174.45	135.95	132.59	155.21	222.96
Income Tax Expense	73.32	70.92	46.59	34.03	48.53	71.75
Earnings From Continuing Operations	102.13	103.53	89.35	98.55	106.68	151.21
Minority Interest in Earnings	7.91	10.3	11	7.9	6.3	4.11
Net Income	110.05	113.83	100.35	106.45	112.99	155.32
Net Income to Common	110.05	113.83	100.35	106.45	112.99	155.32
Net Income Growth	24.72%	13.43%	-5.73%	-5.78%	-27.26%	-
Shares Outstanding (Basic)	460	455	456	463	471	471
Shares Outstanding (Diluted)	460	455	456	463	471	471
Shares Change (YoY)	-0.36%	-0.18%	-1.45%	-1.69%	0.02%	0.17%
EPS (Basic)	0.24	0.25	0.22	0.23	0.24	0.33
EPS (Diluted)	0.24	0.25	0.22	0.23	0.24	0.33
EPS Growth	25.17%	13.64%	-4.35%	-4.17%	-27.27%	-
Free Cash Flow	248.55	264.07	217.87	210.4	162.7	193.22
Free Cash Flow Per Share	0.54	0.58	0.48	0.46	0.35	0.41
Gross Margin	70.16%	69.84%	68.61%	68.23%	67.18%	69.14%
Operating Margin	13.73%	13.51%	10.29%	8.69%	9.19%	8.11%
Profit Margin	7.74%	7.82%	6.33%	6.70%	7.27%	10.12%
Free Cash Flow Margin	17.48%	18.15%	13.74%	13.23%	10.46%	12.58%
EBITDA	343.77	335.87	265.53	281.74	253.74	227.35
EBITDA Margin	24.18%	23.09%	16.75%	17.72%	16.32%	14.81%
D&A For EBITDA	148.57	139.32	102.33	143.6	110.81	102.91
EBIT	195.2	196.55	163.2	138.14	142.93	124.44
EBIT Margin	13.73%	13.51%	10.29%	8.69%	9.19%	8.11%
Effective Tax Rate	41.79%	40.65%	34.27%	25.67%	31.26%	32.18%
Revenue as Reported	-	-	1,585	1,590	1,555	1,535
Advertising Expenses	-	-	30.86	32.98	29.02	32.43

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