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	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	8,109	9,138	9,798	10,070	10,449	10,304
Other Revenue	76.96	103.99	71.76	50.32	51.19	80.2
Revenue	8,186	9,242	9,870	10,120	10,500	10,385
Revenue Growth	-17.42%	-6.36%	-2.48%	-3.62%	1.11%	-9.64%
Cost of Revenue	5,731	6,363	6,732	6,907	7,063	6,691
Gross Profit	2,456	2,878	3,138	3,213	3,437	3,694
Selling, General & Admin	1,493	1,780	2,010	2,268	2,424	2,796
Research & Development	351.48	339.77	336.15	294.2	215.17	151.93
Other Operating Expenses	80.26	87.41	90.82	104.23	117.57	123.33
Operating Expenses	1,939	2,251	2,479	2,677	2,802	3,094
Operating Income	516.51	627.16	658.87	536.44	634.8	600.11
Interest Expense	-322.42	-361.55	-458.7	-501.9	-599.39	-642.69
Interest & Investment Income	88.78	86.44	71.42	74.52	84.17	126.62
Currency Exchange Gain (Loss)	-28.09	-4.96	17.57	11.49	23.31	-8.32
Other Non Operating Income (Expenses)	-8.08	-5.29	8.92	-11.35	-748.96	-13.91
EBT Excluding Unusual Items	246.7	341.81	298.08	109.2	-606.07	61.82
Impairment of Goodwill	-	-	-3.34	-	-	-
Gain (Loss) on Sale of Assets	1.05	0.83	0.44	0.76	0.21	3.4
Asset Writedown	-0.76	-0.76	-1.4	-0.05	-	-
Legal Settlements	-1.93	-1.72	-0.5	-0.49	-0.78	-1.14
Other Unusual Items	22.23	17.25	16.55	49.12	41.56	70.84
Pretax Income	267.3	357.41	309.83	158.54	-565.07	134.91
Income Tax Expense	81.26	99.96	94.87	109.15	113.71	99.52
Earnings From Continuing Operations	186.04	257.45	214.97	49.39	-678.78	35.38
Minority Interest in Earnings	-62.63	-74.4	-87.97	-44.5	-10.45	-16.65
Net Income	123.4	183.06	126.99	4.89	-689.23	18.73
Net Income to Common	123.4	183.06	126.99	4.89	-689.23	18.73
Net Income Growth	-30.87%	44.15%	2496.79%	-	-	-80.76%
Shares Outstanding (Basic)	1,716	1,711	1,716	1,630	1,715	1,702
Shares Outstanding (Diluted)	1,716	1,711	1,716	1,630	1,715	1,702
Shares Change	-0.05%	-0.31%	5.27%	-4.92%	0.70%	4.96%
EPS (Basic)	0.07	0.11	0.07	0.00	-0.40	0.01
EPS (Diluted)	0.07	0.11	0.07	0.00	-0.40	0.01
EPS Growth	-30.84%	44.59%	2366.67%	-	-	-81.67%

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	673.2	634.53	445.35	401.23	454.81	502.75
Free Cash Flow Per Share	0.39	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	30.00%	31.15%	31.79%	31.75%	32.73%	35.57%
Operating Margin	6.31%	6.79%	6.68%	5.30%	6.05%	5.78%
Profit Margin	1.51%	1.98%	1.29%	0.05%	-6.56%	0.18%
Free Cash Flow Margin	8.22%	6.87%	4.51%	3.96%	4.33%	4.84%
EBITDA	1,447	1,517	1,452	1,275	1,347	1,224
EBITDA Margin	17.68%	16.41%	14.71%	12.60%	12.83%	11.79%
D&A For EBITDA	930.75	889.37	792.99	739.01	712	624
EBIT	516.51	627.16	658.87	536.44	634.8	600.11
EBIT Margin	6.31%	6.79%	6.68%	5.30%	6.05%	5.78%
Effective Tax Rate	30.40%	27.97%	30.62%	68.85%	-	73.77%
Revenue as Reported	8,186	9,242	9,870	10,120	10,500	10,385
Advertising Expenses	-	109.62	119.86	133.01	127.89	185.19