SHA:600853 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	17,227	17,228	17,598	16,840	16,351	14,631
Other Revenue	385.94	385.94	692.43	588.27	607.84	567.34
Revenue	17,613	17,613	18,290	17,428	16,959	15,198
Revenue Growth (YoY)	-3.19%	-3.70%	4.95%	2.77%	11.58%	28.39%
Cost of Revenue	15,580	15,571	16,144	15,389	15,104	13,284
Gross Profit	2,033	2,043	2,146	2,039	1,855	1,915
Selling, General & Admin	514.9	519.57	542.88	543.28	483.41	416.06
Research & Development	581.97	584.24	583.73	559.8	492.1	620.76
Other Operating Expenses	107.34	103.48	111.79	72.04	72.18	81.5
Operating Expenses	1,224	1,233	1,295	1,240	1,074	1,112
Operating Income	808.61	809.38	851.22	799.44	780.91	803.08
Interest Expense	-595.89	-611.66	-624.96	-611.88	-666.49	-521.4
Interest & Investment Income	345.39	355.69	340.42	327.88	404.85	124.94
Currency Exchange Gain (Loss)	-22.77	-22.77	-0.17	0.16	-0.22	-0.81
Other Non Operating Income (Expenses)	-26.7	-21.19	-46.98	-17.32	-49.8	-39
EBT Excluding Unusual Items	508.64	509.45	519.54	498.28	469.24	366.81
Gain (Loss) on Sale of Investments	-26.66	-26.66	-17.55	-	-4.96	-3.8
Gain (Loss) on Sale of Assets	1.8	1.79	1.28	1.01	1.74	5.35
Asset Writedown	-1.29	-	-	-	-	-
Legal Settlements	-8.07	-8.07	-0.38	-0.47	-0.33	-0.22
Other Unusual Items	16.54	14.02	12.62	0.9	10.97	5.02
Pretax Income	490.95	490.53	515.51	499.72	476.66	373.17
Income Tax Expense	96.88	96.32	87.9	88.37	76.48	53.58
Earnings From Continuing Operations	394.07	394.21	427.61	411.35	400.17	319.58
Minority Interest in Earnings	-5.61	-5.35	-14.65	-77.21	-50.82	-50.75
Net Income	388.46	388.86	412.96	334.14	349.35	268.84
Net Income to Common	388.46	388.86	412.96	334.14	349.35	268.84
Net Income Growth	-6.31%	-5.84%	23.59%	-4.35%	29.95%	19.77%
Shares Outstanding (Basic)	1,024	1,023	1,007	1,013	1,027	996
Shares Outstanding (Diluted)	1,053	1,023	1,007	1,013	1,027	996
Shares Change (YoY)	4.73%	1.60%	-0.53%	-1.46%	3.19%	-0.90%
EPS (Basic)	0.38	0.38	0.41	0.33	0.34	0.27
EPS (Diluted)	0.37	0.38	0.41	0.33	0.34	0.27
EPS Growth	-10.55%	-7.32%	24.24%	-2.94%	25.93%	20.86%
Free Cash Flow	639.43	-34.21	2,554	-1,689	9.17	-2,282
Free Cash Flow Per Share	0.61	-0.03	2.54	-1.67	0.01	-2.29
Dividend Per Share	0.039	0.039	0.040	0.035	0.035	0.035
Dividend Growth	-2.50%	-2.50%	14.29%	-	-	109.58%
Gross Margin	11.54%	11.60%	11.73%	11.70%	10.94%	12.60%
Operating Margin	4.59%	4.59%	4.65%	4.59%	4.61%	5.28%
Profit Margin	2.21%	2.21%	2.26%	1.92%	2.06%	1.77%
Free Cash Flow Margin	3.63%	-0.19%	13.96%	-9.69%	0.05%	-15.02%
EBITDA	1,002	1,003	1,047	967.18	892.85	907.17
EBITDA Margin	5.69%	5.70%	5.72%	5.55%	5.27%	5.97%
D&A For EBITDA	193.44	193.84	195.46	167.73	111.95	104.09
EBIT	808.61	809.38	851.22	799.44	780.91	803.08
EBIT Margin	4.59%	4.59%	4.65%	4.59%	4.61%	5.28%
Effective Tax Rate	19.73%	19.64%	17.05%	17.68%	16.05%	14.36%
Revenue as Reported	17,613	17,613	18,290	17,428	16,959	15,198

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