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	Sep '26 Sep 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	10,529	10,938	12,258	13,309	13,100	7,648
Other Revenue	122.42	122.42	175.41	202.31	125.6	24.89
Revenue	10,651	11,060	12,434	13,511	13,226	7,673
Revenue Growth	-9.91%	-11.05%	-7.98%	2.16%	72.38%	-1.78%
Cost of Revenue	7,737	7,733	8,779	9,840	9,759	5,830
Gross Profit	2,914	3,327	3,655	3,671	3,467	1,843
Selling, General & Admin	655.41	667.4	746.22	825.91	879.71	520.83
Research & Development	464.2	491.87	482.98	547.86	521.88	-
Other Operating Expenses	66.47	59.07	51.34	36.02	78.06	77.62
Operating Expenses	1,545	1,728	1,750	1,656	1,709	628.22
Operating Income	1,369	1,599	1,905	2,015	1,757	1,215
Interest Expense	-13.04	-47.2	-53.39	-58.28	-50.68	-11.25
Interest & Investment Income	49.01	218.34	192.13	227.18	188.24	36.91
Currency Exchange Gain (Loss)	-26.84	-26.84	15.43	14.31	62.47	-
Other Non Operating Income (Expenses)	-90.25	-70.1	-19.09	-43.83	-31.87	-6.4
EBT Excluding Unusual Items	1,287	1,673	2,040	2,155	1,926	1,234
Gain (Loss) on Sale of Investments	0.14	12.95	0.14	-87.5	36.85	29.98
Gain (Loss) on Sale of Assets	0.1	6.31	2.52	0.48	0.96	2.29
Asset Writedown	2.2	0.12	0.07	-	-5.05	-13.14
Other Unusual Items	33.59	27.73	46.05	33.3	112.12	-39.12
Pretax Income	1,323	1,720	2,089	2,101	2,070	1,214
Income Tax Expense	191.35	252.7	308.41	306.04	310.98	185.82
Earnings From Continuing Operations	1,132	1,468	1,781	1,795	1,759	1,028
Minority Interest in Earnings	-6.69	-12.56	-29.4	-28.64	-64.37	-80.44
Net Income	1,125	1,455	1,751	1,766	1,695	947.52
Net Income to Common	1,125	1,455	1,751	1,766	1,695	947.52
Net Income Growth	-26.10%	-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	-0.01%	8.25%	57.01%	5.03%	65.59%	-0.00%
EPS (Basic)	0.49	0.63	0.83	1.31	1.32	1.22
EPS (Diluted)	0.49	0.63	0.83	1.31	1.32	1.22
EPS Growth	-26.09%	-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	Sep '26 Sep 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	-364.99	100.69	-555.55	-289.21	2,098	167.94
Free Cash Flow Per Share	-0.16	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	27.36%	30.08%	29.40%	27.17%	26.21%	24.02%
Operating Margin	12.85%	14.46%	15.32%	14.91%	13.29%	15.83%
Profit Margin	10.57%	13.16%	14.08%	13.07%	12.82%	12.35%
Free Cash Flow Margin	-3.43%	0.91%	-4.47%	-2.14%	15.86%	2.19%
EBITDA	1,550	1,772	2,066	2,171	1,909	1,821
EBITDA Margin	14.55%	16.02%	16.61%	16.07%	14.44%	23.73%
D&A For EBITDA	181.61	172.63	160.66	156.01	151.9	606.51
EBIT	1,369	1,599	1,905	2,015	1,757	1,215
EBIT Margin	12.85%	14.46%	15.32%	14.91%	13.29%	15.83%
Effective Tax Rate	14.46%	14.69%	14.76%	14.57%	15.02%	15.31%
Revenue as Reported	4,944	11,060	12,434	13,511	13,226	7,673
Advertising Expenses	-	-	-	-	-	0.78