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	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	17,026	17,228	17,598	16,840	16,351	14,631
Other Revenue	426.57	385.94	692.43	588.27	607.84	567.34
Revenue	17,452	17,613	18,290	17,428	16,959	15,198
Revenue Growth	-5.10%	-3.70%	4.95%	2.77%	11.58%	28.39%
Cost of Revenue	15,380	15,571	16,144	15,389	15,104	13,284
Gross Profit	2,072	2,043	2,146	2,039	1,855	1,915
Selling, General & Admin	521.2	519.57	542.88	543.28	483.41	416.06
Research & Development	582.51	584.24	583.73	559.8	492.1	620.76
Other Operating Expenses	112.82	103.48	111.79	72.04	72.18	81.5
Operating Expenses	1,255	1,233	1,295	1,240	1,074	1,112
Operating Income	817.7	809.38	851.22	799.44	780.91	803.08
Interest Expense	-613.87	-611.66	-624.96	-611.88	-666.49	-521.4
Interest & Investment Income	326.89	355.69	340.42	327.88	404.85	124.94
Currency Exchange Gain (Loss)	-22.42	-22.77	-0.17	0.16	-0.22	-0.81
Other Non Operating Income (Expenses)	-7.94	-21.19	-46.98	-17.32	-49.8	-39
EBT Excluding Unusual Items	500.36	509.45	519.54	498.28	469.24	366.81
Gain (Loss) on Sale of Investments	-27.37	-26.66	-17.55	-	-4.96	-3.8
Gain (Loss) on Sale of Assets	2.02	1.79	1.28	1.01	1.74	5.35
Legal Settlements	-8.05	-8.07	-0.38	-0.47	-0.33	-0.22
Other Unusual Items	17.48	14.02	12.62	0.9	10.97	5.02
Pretax Income	484.43	490.53	515.51	499.72	476.66	373.17
Income Tax Expense	105.91	96.32	87.9	88.37	76.48	53.58
Earnings From Continuing Operations	378.52	394.21	427.61	411.35	400.17	319.58
Minority Interest in Earnings	14.09	-5.35	-14.65	-77.21	-50.82	-50.75
Net Income	392.6	388.86	412.96	334.14	349.35	268.84
Net Income to Common	392.6	388.86	412.96	334.14	349.35	268.84
Net Income Growth	-5.11%	-5.84%	23.59%	-4.35%	29.95%	19.77%
Shares Outstanding (Basic)	1,050	1,023	1,007	1,013	1,027	996
Shares Outstanding (Diluted)	1,050	1,023	1,007	1,013	1,027	996
Shares Change	3.68%	1.60%	-0.53%	-1.46%	3.19%	-0.90%
EPS (Basic)	0.37	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	-8.48%	-7.32%	24.24%	-2.94%	25.93%	20.86%

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	330.31	-34.21	2,554	-1,689	9.17	-2,282
Free Cash Flow Per Share	0.32	-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%	0%	0%	109.58%
Gross Margin	11.87%	11.60%	11.73%	11.70%	10.94%	12.60%
Operating Margin	4.69%	4.59%	4.65%	4.59%	4.61%	5.28%
Profit Margin	2.25%	2.21%	2.26%	1.92%	2.06%	1.77%
Free Cash Flow Margin	1.89%	-0.19%	13.96%	-9.69%	0.05%	-15.02%
EBITDA	1,012	1,003	1,047	967.18	892.85	907.17
EBITDA Margin	5.80%	5.70%	5.72%	5.55%	5.27%	5.97%
D&A For EBITDA	194.32	193.84	195.46	167.73	111.95	104.09
EBIT	817.7	809.38	851.22	799.44	780.91	803.08
EBIT Margin	4.69%	4.59%	4.65%	4.59%	4.61%	5.28%
Effective Tax Rate	21.86%	19.64%	17.05%	17.68%	16.05%	14.36%
Revenue as Reported	17,452	17,613	18,290	17,428	16,959	15,198