SHA:600812 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	9,242	9,798	10,070	10,449	10,304
Other Revenue	-	71.76	50.32	51.19	80.2
Revenue	9,242	9,870	10,120	10,500	10,385
Revenue Growth (YoY)	-6.36%	-2.48%	-3.62%	1.11%	-9.64%
Cost of Revenue	6,376	6,732	6,907	7,063	6,691
Gross Profit	2,865	3,138	3,213	3,437	3,694
Selling, General & Admin	1,785	2,010	2,268	2,424	2,796
Research & Development	341	336.15	294.2	215.17	151.93
Other Operating Expenses	73.6	90.82	104.23	117.57	123.33
Operating Expenses	2,244	2,465	2,677	2,802	3,094
Operating Income	621.36	672.93	536.44	634.8	600.11
Interest Expense	-361.55	-458.7	-501.9	-599.39	-642.69
Interest & Investment Income	86.44	71.42	74.52	84.17	126.62
Currency Exchange Gain (Loss)	-	17.57	11.49	23.31	-8.32
Other Non Operating Income (Expenses)	-6.9	-5.15	-11.35	-748.96	-13.91
EBT Excluding Unusual Items	339.35	298.08	109.2	-606.07	61.82
Impairment of Goodwill	-	-3.34	-	-	-
Gain (Loss) on Sale of Assets	0.83	0.31	0.76	0.21	3.4
Asset Writedown	17.23	-1.26	-0.05	-	-
Legal Settlements	-	-0.5	-0.49	-0.78	-1.14
Other Unusual Items	-	16.55	49.12	41.56	70.84
Pretax Income	357.41	309.83	158.54	-565.07	134.91
Income Tax Expense	99.96	94.87	109.15	113.71	99.52
Earnings From Continuing Operations	257.45	214.97	49.39	-678.78	35.38
Minority Interest in Earnings	-74.4	-87.97	-44.5	-10.45	-16.65
Net Income	183.06	126.99	4.89	-689.23	18.73
Net Income to Common	183.06	126.99	4.89	-689.23	18.73
Net Income Growth	44.15%	2496.79%	-	-	-80.76%
Shares Outstanding (Basic)	1,711	1,716	1,630	1,715	1,702
Shares Outstanding (Diluted)	1,711	1,716	1,630	1,715	1,702
Shares Change (YoY)	-0.31%	5.27%	-4.92%	0.70%	4.96%
EPS (Basic)	0.11	0.07	0.00	-0.40	0.01
EPS (Diluted)	0.11	0.07	0.00	-0.40	0.01
EPS Growth	44.59%	2366.67%	-	-	-81.67%
Free Cash Flow	634.53	445.35	401.23	454.81	502.75
Free Cash Flow Per Share	0.37	0.26	0.25	0.27	0.29
Dividend Per Share	-	0.030	0.010	-	0.060
Dividend Growth	-	200.00%	-	-	100.00%
Gross Margin	31.00%	31.79%	31.75%	32.73%	35.57%
Operating Margin	6.72%	6.82%	5.30%	6.05%	5.78%
Profit Margin	1.98%	1.29%	0.05%	-6.56%	0.18%
Free Cash Flow Margin	6.87%	4.51%	3.96%	4.33%	4.84%
EBITDA	1,516	1,461	1,275	1,347	1,224
EBITDA Margin	16.40%	14.81%	12.60%	12.83%	11.79%
D&A For EBITDA	894.34	788.52	739.01	712	624
EBIT	621.36	672.93	536.44	634.8	600.11
EBIT Margin	6.72%	6.82%	5.30%	6.05%	5.78%
Effective Tax Rate	27.97%	30.62%	68.85%	-	73.77%
Revenue as Reported	9,242	9,870	10,120	10,500	10,385
Advertising Expenses	-	119.86	133.01	127.89	185.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.