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	Sep '26 Sep 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	12,156	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	12,170	10,972	13,644	12,916	13,150	11,759
Revenue Growth	11.24%	-19.59%	5.64%	-1.78%	11.82%	15.01%
Cost of Revenue	8,824	7,510	8,884	8,125	8,821	7,931
Gross Profit	3,346	3,462	4,760	4,790	4,329	3,829
Selling, General & Admin	596.8	582.28	648.52	680.59	590.83	535.89
Research & Development	1,368	1,424	1,461	1,454	1,432	1,290
Other Operating Expenses	59.12	-1.67	-21.19	-108.85	-82.66	-18.09
Operating Expenses	2,100	2,130	2,340	2,182	2,121	1,960
Operating Income	1,246	1,332	2,420	2,609	2,207	1,868
Interest Expense	-35.59	-32.22	-33.33	-27.15	-17.72	-12.01
Interest & Investment Income	59.66	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)	-2.95	-2.85	-2.78	-1.41	2.4	-1.6
EBT Excluding Unusual Items	1,267	1,357	2,470	2,700	2,327	1,930
Gain (Loss) on Sale of Investments	-2.24	0.74	0.13	72.75	-1.82	-4.19
Gain (Loss) on Sale of Assets	-0.7	1.71	-0.44	1.77	7.34	7.18
Asset Writedown	-15.47	-	-	-	-	-
Legal Settlements	-	-	-	-	-0.17	-
Other Unusual Items	68.67	68.67	34.06	46.05	66.85	80.85
Pretax Income	1,317	1,428	2,503	2,820	2,399	2,013
Income Tax Expense	80.9	75.71	176.61	209.08	147.66	104.65
Earnings From Continuing Operations	1,236	1,352	2,327	2,611	2,251	1,909
Minority Interest in Earnings	-43.07	-47.43	-61.3	-57.54	-65.41	-89.93
Net Income	1,193	1,305	2,265	2,554	2,186	1,819
Net Income to Common	1,193	1,305	2,265	2,554	2,186	1,819
Net Income Growth	-16.72%	-42.40%	-11.28%	16.82%	20.18%	35.92%
Shares Outstanding (Basic)	2,861	2,856	2,843	2,828	2,811	2,801
Shares Outstanding (Diluted)	2,864	2,881	2,886	2,879	2,842	2,847
Shares Change	-0.67%	-0.18%	0.24%	1.31%	-0.18%	1.82%
EPS (Basic)	0.42	0.46	0.80	0.90	0.78	0.65
EPS (Diluted)	0.42	0.45	0.79	0.89	0.77	0.64
EPS Growth	-16.16%	-42.29%	-11.50%	15.32%	20.39%	33.49%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	370.64	894.43	1,234	2,232	2,221	1,166
Free Cash Flow Per Share	0.13	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	27.50%	31.55%	34.89%	37.09%	32.92%	32.56%
Operating Margin	10.24%	12.14%	17.74%	20.20%	16.79%	15.89%
Profit Margin	9.81%	11.89%	16.60%	19.77%	16.62%	15.47%
Free Cash Flow Margin	3.04%	8.15%	9.05%	17.28%	16.89%	9.92%
EBITDA	1,596	1,686	2,779	2,951	2,536	2,179
EBITDA Margin	13.12%	15.37%	20.37%	22.85%	19.29%	18.53%
D&A For EBITDA	350.53	354.24	359.18	342.65	328.99	310.64
EBIT	1,246	1,332	2,420	2,609	2,207	1,868
EBIT Margin	10.24%	12.14%	17.74%	20.20%	16.79%	15.89%
Effective Tax Rate	6.14%	5.30%	7.05%	7.41%	6.16%	5.20%
Revenue as Reported	12,170	10,972	13,644	12,916	13,150	11,759
Advertising Expenses	-	3.67	2.99	2.52	1.06	2.49