SHA:600812 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	8,717	9,138	9,798	10,070	10,449	10,304
Other Revenue	103.99	103.99	71.76	50.32	51.19	80.2
Revenue	8,821	9,242	9,870	10,120	10,500	10,385
Revenue Growth (YoY)	-10.78%	-6.36%	-2.48%	-3.62%	1.11%	-9.64%
Cost of Revenue	6,077	6,363	6,732	6,907	7,063	6,691
Gross Profit	2,744	2,878	3,138	3,213	3,437	3,694
Selling, General & Admin	1,678	1,780	2,010	2,268	2,424	2,796
Research & Development	354.42	339.77	336.15	294.2	215.17	151.93
Other Operating Expenses	93.7	87.41	90.82	104.23	117.57	123.33
Operating Expenses	2,166	2,251	2,479	2,677	2,802	3,094
Operating Income	577.45	627.16	658.87	536.44	634.8	600.11
Interest Expense	-339.14	-361.55	-458.7	-501.9	-599.39	-642.69
Interest & Investment Income	91.55	86.44	71.42	74.52	84.17	126.62
Currency Exchange Gain (Loss)	-4.96	-4.96	17.57	11.49	23.31	-8.32
Other Non Operating Income (Expenses)	-17.83	-5.29	8.92	-11.35	-748.96	-13.91
EBT Excluding Unusual Items	307.07	341.81	298.08	109.2	-606.07	61.82
Impairment of Goodwill	-	-	-3.34	-	-	-
Gain (Loss) on Sale of Assets	0.84	0.83	0.44	0.76	0.21	3.4
Asset Writedown	-7.64	-0.76	-1.4	-0.05	-	-
Legal Settlements	-1.72	-1.72	-0.5	-0.49	-0.78	-1.14
Other Unusual Items	21.98	17.25	16.55	49.12	41.56	70.84
Pretax Income	320.54	357.41	309.83	158.54	-565.07	134.91
Income Tax Expense	90.33	99.96	94.87	109.15	113.71	99.52
Earnings From Continuing Operations	230.2	257.45	214.97	49.39	-678.78	35.38
Minority Interest in Earnings	-69.17	-74.4	-87.97	-44.5	-10.45	-16.65
Net Income	161.04	183.06	126.99	4.89	-689.23	18.73
Net Income to Common	161.04	183.06	126.99	4.89	-689.23	18.73
Net Income Growth	-3.18%	44.15%	2496.79%	-	-	-80.76%
Shares Outstanding (Basic)	1,710	1,711	1,716	1,630	1,715	1,702
Shares Outstanding (Diluted)	1,710	1,711	1,716	1,630	1,715	1,702
Shares Change (YoY)	-0.92%	-0.31%	5.27%	-4.92%	0.70%	4.96%
EPS (Basic)	0.09	0.11	0.07	0.00	-0.40	0.01
EPS (Diluted)	0.09	0.11	0.07	0.00	-0.40	0.01
EPS Growth	-2.28%	44.59%	2366.67%	-	-	-81.67%
Free Cash Flow	627.68	634.53	445.35	401.23	454.81	502.75
Free Cash Flow Per Share	0.37	0.37	0.26	0.25	0.27	0.29
Dividend Per Share	0.035	0.035	0.030	0.010	-	0.060
Dividend Growth	16.67%	16.67%	200.00%	-	-	100.00%
Gross Margin	31.11%	31.15%	31.79%	31.75%	32.73%	35.57%
Operating Margin	6.55%	6.79%	6.68%	5.30%	6.05%	5.78%
Profit Margin	1.83%	1.98%	1.29%	0.05%	-6.56%	0.18%
Free Cash Flow Margin	7.12%	6.87%	4.51%	3.96%	4.33%	4.84%
EBITDA	1,491	1,517	1,452	1,275	1,347	1,224
EBITDA Margin	16.90%	16.41%	14.71%	12.60%	12.83%	11.79%
D&A For EBITDA	913.47	889.37	792.99	739.01	712	624
EBIT	577.45	627.16	658.87	536.44	634.8	600.11
EBIT Margin	6.55%	6.79%	6.68%	5.30%	6.05%	5.78%
Effective Tax Rate	28.18%	27.97%	30.62%	68.85%	-	73.77%
Revenue as Reported	8,821	9,242	9,870	10,120	10,500	10,385
Advertising Expenses	-	109.62	119.86	133.01	127.89	185.19

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