SHA:600820 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	54,958	57,578	68,530	73,845	72,003	61,987
Other Revenue	349.48	349.48	285.89	370.61	294.37	239.38
Revenue	55,308	57,927	68,816	74,216	72,297	62,226
Revenue Growth (YoY)	-15.22%	-15.82%	-7.28%	2.65%	16.18%	15.20%
Cost of Revenue	47,570	49,840	60,467	66,600	63,456	54,122
Gross Profit	7,738	8,087	8,349	7,616	8,841	8,104
Selling, General & Admin	1,873	1,887	1,925	1,860	1,673	1,506
Research & Development	2,312	2,325	2,631	2,977	2,686	2,172
Other Operating Expenses	167.95	164.87	153.5	140.18	122.73	92.17
Operating Expenses	4,284	4,308	4,743	5,203	4,623	3,876
Operating Income	3,454	3,779	3,606	2,413	4,218	4,227
Interest Expense	-1,464	-1,464	-1,716	-1,827	-1,545	-1,724
Interest & Investment Income	306.74	306.74	1,644	3,172	1,130	358.58
Currency Exchange Gain (Loss)	-0.41	-0.41	1.74	0.93	-36.33	4.23
Other Non Operating Income (Expenses)	-151.8	-40	-57.48	-161.91	-144.94	-24.91
EBT Excluding Unusual Items	2,543	2,582	3,478	3,597	3,621	2,841
Impairment of Goodwill	-2.88	-2.88	-7.36	-	-	-
Gain (Loss) on Sale of Investments	-148.41	-80.41	86.54	17.23	21.25	5.67
Gain (Loss) on Sale of Assets	260.08	198.54	47.27	158	59.92	-16.86
Asset Writedown	4.35	-	-	-	-	-
Other Unusual Items	84.83	84.83	138.77	165.68	164.82	146.17
Pretax Income	2,741	2,782	3,743	3,938	3,867	2,976
Income Tax Expense	455.57	461.64	786.95	757.04	827.16	549.53
Earnings From Continuing Operations	2,286	2,320	2,956	3,181	3,040	2,427
Minority Interest in Earnings	-104.76	-106.29	-115.01	-235.7	-184.37	-33.76
Net Income	2,181	2,214	2,841	2,945	2,855	2,393
Net Income to Common	2,181	2,214	2,841	2,945	2,855	2,393
Net Income Growth	-20.08%	-22.07%	-3.54%	3.14%	19.32%	5.87%
Shares Outstanding (Basic)	3,457	3,354	3,157	3,133	3,138	3,149
Shares Outstanding (Diluted)	3,457	3,354	3,157	3,133	3,138	3,149
Shares Change (YoY)	8.31%	6.27%	0.75%	-0.15%	-0.35%	0.30%
EPS (Basic)	0.63	0.66	0.90	0.94	0.91	0.76
EPS (Diluted)	0.63	0.66	0.90	0.94	0.91	0.76
EPS Growth	-26.21%	-26.67%	-4.25%	3.30%	19.74%	5.56%
Free Cash Flow	705.38	508.78	3,398	1,120	362.8	1,268
Free Cash Flow Per Share	0.20	0.15	1.08	0.36	0.12	0.40
Dividend Per Share	0.200	0.200	0.320	0.330	0.270	0.230
Dividend Growth	-37.50%	-37.50%	-3.03%	22.22%	17.39%	4.54%
Gross Margin	13.99%	13.96%	12.13%	10.26%	12.23%	13.02%
Operating Margin	6.24%	6.52%	5.24%	3.25%	5.83%	6.79%
Profit Margin	3.94%	3.82%	4.13%	3.97%	3.95%	3.85%
Free Cash Flow Margin	1.27%	0.88%	4.94%	1.51%	0.50%	2.04%
EBITDA	4,584	4,936	4,867	3,911	5,381	5,100
EBITDA Margin	8.29%	8.52%	7.07%	5.27%	7.44%	8.20%
D&A For EBITDA	1,130	1,156	1,261	1,498	1,163	872.77
EBIT	3,454	3,779	3,606	2,413	4,218	4,227
EBIT Margin	6.24%	6.52%	5.24%	3.25%	5.83%	6.79%
Effective Tax Rate	16.62%	16.59%	21.02%	19.23%	21.39%	18.46%
Revenue as Reported	57,927	57,927	68,816	74,216	72,297	62,226
Advertising Expenses	-	0.53	0.69	0.96	0.55	1.01

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