SHA:600750 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	4,059	4,207	4,404	4,527	3,846	2,856
Other Revenue	12.84	12.84	31.51	26.23	39.58	17.88
Revenue	4,072	4,220	4,435	4,553	3,885	2,874
Revenue Growth (YoY)	-6.31%	-4.87%	-2.59%	17.19%	35.19%	17.72%
Cost of Revenue	1,412	1,458	1,634	1,648	1,384	1,026
Gross Profit	2,660	2,762	2,801	2,906	2,501	1,848
Selling, General & Admin	1,409	1,526	1,724	1,862	1,713	1,196
Research & Development	154.48	152.79	130.43	141.42	99.97	87.82
Other Operating Expenses	68.18	47.36	41.58	55.35	59.31	52.48
Operating Expenses	1,629	1,724	1,904	2,058	1,874	1,336
Operating Income	1,030	1,037	897.39	847.35	626.7	511.29
Interest Expense	-1.81	-1.81	-1.71	-6.98	-4.38	-3.46
Interest & Investment Income	75.62	75.73	77.48	68.79	37	26.3
Other Non Operating Income (Expenses)	-5.84	0.5	17.57	-2.29	-12.33	-8.77
EBT Excluding Unusual Items	1,098	1,112	990.74	906.87	646.99	525.36
Gain (Loss) on Sale of Investments	0.59	0.59	-11.46	-40.05	57.1	51.25
Gain (Loss) on Sale of Assets	0.61	0.61	1.84	1.22	-0.13	0.9
Asset Writedown	14.13	-0.68	-1.05	-2.04	-	-
Other Unusual Items	100.52	100.52	45.54	50.12	49.32	45.63
Pretax Income	1,214	1,213	1,026	916.12	753.28	623.14
Income Tax Expense	221.41	225.17	165.11	129.11	106.89	92.19
Earnings From Continuing Operations	992.81	987.55	860.51	787.01	646.39	530.95
Net Income to Company	992.81	987.55	860.51	787.01	646.39	530.95
Minority Interest in Earnings	-82.99	-80.87	-72.31	-68.34	-48.15	-25.26
Net Income	909.82	906.69	788.19	718.67	598.24	505.69
Net Income to Common	909.82	906.69	788.19	718.67	598.24	505.69
Net Income Growth	13.15%	15.03%	9.67%	20.13%	18.30%	6.74%
Shares Outstanding (Basic)	632	634	631	719	630	632
Shares Outstanding (Diluted)	632	634	631	719	630	632
Shares Change (YoY)	-0.02%	0.55%	-12.26%	14.12%	-0.38%	0.07%
EPS (Basic)	1.44	1.43	1.25	1.00	0.95	0.80
EPS (Diluted)	1.44	1.43	1.25	1.00	0.95	0.80
EPS Growth	13.17%	14.40%	25.00%	5.26%	18.75%	6.67%
Free Cash Flow	542.09	690.29	495.49	828.31	676.02	728.55
Free Cash Flow Per Share	0.86	1.09	0.79	1.15	1.07	1.15
Dividend Per Share	1.380	1.380	1.200	1.300	1.150	0.650
Dividend Growth	15.00%	15.00%	-7.69%	13.04%	76.92%	140.74%
Gross Margin	65.33%	65.45%	63.16%	63.81%	64.37%	64.29%
Operating Margin	25.31%	24.58%	20.23%	18.61%	16.13%	17.79%
Profit Margin	22.35%	21.49%	17.77%	15.78%	15.40%	17.59%
Free Cash Flow Margin	13.31%	16.36%	11.17%	18.19%	17.40%	25.35%
EBITDA	1,180	1,184	1,033	971.28	746.78	626.2
EBITDA Margin	28.98%	28.06%	23.28%	21.33%	19.22%	21.79%
D&A For EBITDA	149.45	146.62	135.29	123.94	120.08	114.91
EBIT	1,030	1,037	897.39	847.35	626.7	511.29
EBIT Margin	25.31%	24.58%	20.23%	18.61%	16.13%	17.79%
Effective Tax Rate	18.23%	18.57%	16.10%	14.09%	14.19%	14.79%
Revenue as Reported	4,220	4,220	4,435	4,553	3,885	2,874
Advertising Expenses	-	385.39	364.67	404.92	318.77	321.22

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