SHA:600845 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	11,063	10,957	13,632	12,907	13,140	11,752
Other Revenue	14.11	14.11	12.33	8.82	9.55	7.63
Revenue	11,077	10,972	13,644	12,916	13,150	11,759
Revenue Growth (YoY)	-13.40%	-19.59%	5.64%	-1.78%	11.82%	15.01%
Cost of Revenue	7,685	7,510	8,884	8,125	8,821	7,931
Gross Profit	3,392	3,462	4,760	4,790	4,329	3,829
Selling, General & Admin	578.39	582.28	648.52	680.59	590.83	535.89
Research & Development	1,381	1,424	1,461	1,454	1,432	1,290
Other Operating Expenses	43.77	-1.67	-21.19	-108.85	-82.66	-18.09
Operating Expenses	2,129	2,130	2,340	2,182	2,121	1,960
Operating Income	1,264	1,332	2,420	2,609	2,207	1,868
Interest Expense	-32.53	-32.22	-33.33	-27.15	-17.72	-12.01
Interest & Investment Income	56.63	60.02	97.93	134.67	134.33	77.38
Currency Exchange Gain (Loss)	0.02	0.02	-12.4	-14.97	0.52	-2.52
Other Non Operating Income (Expenses)	-1.29	-2.85	-2.78	-1.41	2.4	-1.6
EBT Excluding Unusual Items	1,287	1,357	2,470	2,700	2,327	1,930
Gain (Loss) on Sale of Investments	0.92	0.74	0.13	72.75	-1.82	-4.19
Gain (Loss) on Sale of Assets	1.17	1.71	-0.44	1.77	7.34	7.18
Legal Settlements	-	-	-	-	-0.17	-
Other Unusual Items	68.43	68.67	34.06	46.05	66.85	80.85
Pretax Income	1,358	1,428	2,503	2,820	2,399	2,013
Income Tax Expense	71.97	75.71	176.61	209.08	147.66	104.65
Earnings From Continuing Operations	1,286	1,352	2,327	2,611	2,251	1,909
Minority Interest in Earnings	-44.1	-47.43	-61.3	-57.54	-65.41	-89.93
Net Income	1,242	1,305	2,265	2,554	2,186	1,819
Net Income to Common	1,242	1,305	2,265	2,554	2,186	1,819
Net Income Growth	-41.44%	-42.40%	-11.28%	16.82%	20.18%	35.92%
Shares Outstanding (Basic)	2,860	2,856	2,843	2,828	2,811	2,801
Shares Outstanding (Diluted)	2,876	2,881	2,886	2,879	2,842	2,847
Shares Change (YoY)	-0.33%	-0.18%	0.24%	1.31%	-0.18%	1.82%
EPS (Basic)	0.43	0.46	0.80	0.90	0.78	0.65
EPS (Diluted)	0.43	0.45	0.79	0.89	0.77	0.64
EPS Growth	-41.25%	-42.29%	-11.50%	15.32%	20.39%	33.49%
Free Cash Flow	900.83	894.43	1,234	2,232	2,221	1,166
Free Cash Flow Per Share	0.31	0.31	0.43	0.78	0.78	0.41
Dividend Per Share	0.230	0.230	0.600	0.833	0.556	0.534
Dividend Growth	-61.67%	-61.67%	-28.00%	49.98%	4.01%	11.11%
Gross Margin	30.62%	31.55%	34.89%	37.09%	32.92%	32.56%
Operating Margin	11.41%	12.14%	17.74%	20.20%	16.79%	15.89%
Profit Margin	11.21%	11.89%	16.60%	19.77%	16.62%	15.47%
Free Cash Flow Margin	8.13%	8.15%	9.05%	17.28%	16.89%	9.92%
EBITDA	1,617	1,686	2,779	2,951	2,536	2,179
EBITDA Margin	14.59%	15.37%	20.37%	22.85%	19.29%	18.53%
D&A For EBITDA	353	354.24	359.18	342.65	328.99	310.64
EBIT	1,264	1,332	2,420	2,609	2,207	1,868
EBIT Margin	11.41%	12.14%	17.74%	20.20%	16.79%	15.89%
Effective Tax Rate	5.30%	5.30%	7.05%	7.41%	6.16%	5.20%
Revenue as Reported	11,077	10,972	13,644	12,916	13,150	11,759
Advertising Expenses	-	3.67	2.99	2.52	1.06	2.49

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