SHA:600720 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	Jun '26 Jun 30, 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	10,699	10,938	12,258	13,309	13,100	7,648
Other Revenue	62.07	122.42	175.41	202.31	125.6	24.89
Revenue	10,761	11,060	12,434	13,511	13,226	7,673
Revenue Growth	-9.14%	-11.05%	-7.98%	2.16%	72.38%	-1.78%
Cost of Revenue	7,754	7,733	8,779	9,840	9,759	5,830
Gross Profit	3,007	3,327	3,655	3,671	3,467	1,843
Selling, General & Admin	652.18	667.4	746.22	825.91	879.71	520.83
Research & Development	471.09	491.87	482.98	547.86	521.88	-
Other Operating Expenses	54.63	59.07	51.34	36.02	78.06	77.62
Operating Expenses	1,546	1,728	1,750	1,656	1,709	628.22
Operating Income	1,460	1,599	1,905	2,015	1,757	1,215
Interest Expense	-24.43	-47.2	-53.39	-58.28	-50.68	-11.25
Interest & Investment Income	149	218.34	192.13	227.18	188.24	36.91
Currency Exchange Gain (Loss)	-20.45	-26.84	15.43	14.31	62.47	-
Other Non Operating Income (Expenses)	-168.95	-70.1	-19.09	-43.83	-31.87	-6.4
EBT Excluding Unusual Items	1,396	1,673	2,040	2,155	1,926	1,234
Gain (Loss) on Sale of Investments	1.03	12.95	0.14	-87.5	36.85	29.98
Gain (Loss) on Sale of Assets	5.79	6.31	2.52	0.48	0.96	2.29
Asset Writedown	-1.38	0.12	0.07	-	-5.05	-13.14
Other Unusual Items	24.54	27.73	46.05	33.3	112.12	-39.12
Pretax Income	1,426	1,720	2,089	2,101	2,070	1,214
Income Tax Expense	210.35	252.7	308.41	306.04	310.98	185.82
Earnings From Continuing Operations	1,215	1,468	1,781	1,795	1,759	1,028
Minority Interest in Earnings	-10.96	-12.56	-29.4	-28.64	-64.37	-80.44
Net Income	1,204	1,455	1,751	1,766	1,695	947.52
Net Income to Common	1,204	1,455	1,751	1,766	1,695	947.52
Net Income Growth	-28.45%	-16.91%	-0.84%	4.19%	78.90%	-34.07%
Shares Outstanding (Basic)	2,294	2,295	2,120	1,350	1,285	776
Shares Outstanding (Diluted)	2,294	2,295	2,120	1,350	1,285	776
Shares Change	2.61%	8.25%	57.01%	5.03%	65.59%	-0.00%
EPS (Basic)	0.52	0.63	0.83	1.31	1.32	1.22
EPS (Diluted)	0.52	0.63	0.83	1.31	1.32	1.22
EPS Growth	-30.27%	-23.24%	-36.85%	-0.80%	8.04%	-34.06%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-66.15	100.69	-555.55	-289.21	2,098	167.94
Free Cash Flow Per Share	-0.03	0.04	-0.26	-0.21	1.63	0.22
Dividend Per Share	0.127	0.127	0.229	0.257	0.110	0.450
Dividend Growth	-44.63%	-44.63%	-10.90%	132.79%	-75.47%	-33.82%
Gross Margin	27.94%	30.08%	29.40%	27.17%	26.21%	24.02%
Operating Margin	13.57%	14.46%	15.32%	14.91%	13.29%	15.83%
Profit Margin	11.19%	13.16%	14.08%	13.07%	12.82%	12.35%
Free Cash Flow Margin	-0.61%	0.91%	-4.47%	-2.14%	15.86%	2.19%
EBITDA	1,641	1,772	2,066	2,171	1,909	1,821
EBITDA Margin	15.25%	16.02%	16.61%	16.07%	14.44%	23.73%
D&A For EBITDA	180.33	172.63	160.66	156.01	151.9	606.51
EBIT	1,460	1,599	1,905	2,015	1,757	1,215
EBIT Margin	13.57%	14.46%	15.32%	14.91%	13.29%	15.83%
Effective Tax Rate	14.76%	14.69%	14.76%	14.57%	15.02%	15.31%
Revenue as Reported	6,702	11,060	12,434	13,511	13,226	7,673
Advertising Expenses	-	-	-	-	-	0.78