SHA:600649 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	14,457	9,399	2,081	8,414	9,139
Other Revenue	-	33.61	478.33	54.49	53.52
Revenue	14,457	9,432	2,559	8,468	9,193
Revenue Growth (YoY)	53.27%	268.60%	-69.78%	-7.89%	40.03%
Cost of Revenue	11,938	8,080	1,736	7,633	7,126
Gross Profit	2,519	1,352	823.21	834.72	2,068
Selling, General & Admin	517.93	446.39	417.12	292.54	282.53
Research & Development	3.56	4.04	3.33	-	-
Other Operating Expenses	672.17	182.57	-258.49	366.96	1,282
Operating Expenses	1,194	632.38	169.65	659.9	1,565
Operating Income	1,326	719.52	653.56	174.82	502.58
Interest Expense	-	-685.6	-646.84	-488.31	-556.93
Interest & Investment Income	260.81	306.92	554.51	2,161	1,699
Other Non Operating Income (Expenses)	-924.52	-7.11	-13.01	-4.18	-1.45
EBT Excluding Unusual Items	661.8	333.73	548.21	1,844	1,643
Gain (Loss) on Sale of Investments	-1.11	160.75	-1.14	-341.84	-98.3
Gain (Loss) on Sale of Assets	0.02	0.51	0.23	-0.05	-0.02
Asset Writedown	-9.23	0.09	-9.56	-	-
Other Unusual Items	-	17.4	23.11	15.64	-100.04
Pretax Income	651.48	512.49	560.84	1,517	1,444
Income Tax Expense	407.23	301.34	213.06	733.87	547.02
Earnings From Continuing Operations	244.25	211.15	347.77	783.4	897.34
Net Income to Company	244.25	211.15	347.77	783.4	897.34
Minority Interest in Earnings	45.05	31.56	67.69	-0.8	14.2
Net Income	289.3	242.71	415.47	782.6	911.54
Net Income to Common	289.3	242.71	415.47	782.6	911.54
Net Income Growth	19.19%	-41.58%	-46.91%	-14.15%	18.26%
Shares Outstanding (Basic)	2,411	2,427	2,444	2,525	2,532
Shares Outstanding (Diluted)	2,411	2,427	2,444	2,525	2,532
Shares Change (YoY)	-0.67%	-0.69%	-3.19%	-0.30%	-1.45%
EPS (Basic)	0.12	0.10	0.17	0.31	0.36
EPS (Diluted)	0.12	0.10	0.17	0.31	0.36
EPS Growth	20.00%	-41.18%	-45.16%	-13.89%	20.00%
Free Cash Flow	2,069	2,472	2,023	-8,543	-12,889
Free Cash Flow Per Share	0.86	1.02	0.83	-3.38	-5.09
Dividend Per Share	-	0.040	0.060	0.110	0.110
Dividend Growth	-	-33.33%	-45.45%	-	19.56%
Gross Margin	17.43%	14.33%	32.17%	9.86%	22.49%
Operating Margin	9.17%	7.63%	25.54%	2.06%	5.47%
Profit Margin	2.00%	2.57%	16.24%	9.24%	9.92%
Free Cash Flow Margin	14.31%	26.21%	79.05%	-100.88%	-140.20%
EBITDA	1,624	949.25	864.92	253.79	580.97
EBITDA Margin	11.23%	10.06%	33.80%	3.00%	6.32%
D&A For EBITDA	298.42	229.73	211.36	78.97	78.39
EBIT	1,326	719.52	653.56	174.82	502.58
EBIT Margin	9.17%	7.63%	25.54%	2.06%	5.47%
Effective Tax Rate	62.51%	58.80%	37.99%	48.37%	37.87%
Revenue as Reported	-	9,432	2,559	8,468	9,193

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