SHA:600854 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	61.34	54.78	127.68	227.12	171.57
Other Revenue	33.52	37.2	45.31	54.7	64.29
Revenue	94.86	91.98	172.99	281.83	235.86
Revenue Growth (YoY)	3.13%	-46.83%	-38.62%	19.49%	-7.66%
Cost of Revenue	59.64	49.47	81.19	128.69	131.04
Gross Profit	35.22	42.51	91.8	153.14	104.82
Selling, General & Admin	52.01	50.36	52.41	54.73	84.22
Research & Development	2.3	1.12	1.18	0.76	0.92
Other Operating Expenses	9.88	15.33	12.44	16.91	14.16
Operating Expenses	65.31	67.52	66.96	72.26	98.49
Operating Income	-30.09	-25.02	24.84	80.88	6.33
Interest Expense	-0.02	-0.06	-0.09	-0.01	-
Interest & Investment Income	158.94	159.8	142.08	81.31	117.26
Other Non Operating Income (Expenses)	-0.07	0.12	-0.06	1.81	1.71
EBT Excluding Unusual Items	128.75	134.85	166.77	163.99	125.29
Gain (Loss) on Sale of Assets	0	-0.22	1.35	0.09	-1.14
Asset Writedown	-	-	-	-	-3.6
Other Unusual Items	1.46	3.44	2.84	2.02	3.99
Pretax Income	130.21	138.07	170.95	166.11	124.55
Income Tax Expense	3.11	3.23	15.49	29.46	20.53
Earnings From Continuing Operations	127.1	134.84	155.46	136.65	104.02
Minority Interest in Earnings	0.53	-1.5	-7.36	-13.79	-4.78
Net Income	127.63	133.34	148.1	122.86	99.23
Net Income to Common	127.63	133.34	148.1	122.86	99.23
Net Income Growth	-4.28%	-9.97%	20.54%	23.81%	149.09%
Shares Outstanding (Basic)	519	519	519	520	520
Shares Outstanding (Diluted)	519	519	519	520	520
Shares Change (YoY)	0.01%	-0.01%	-0.01%	-0.01%	0.03%
EPS (Basic)	0.25	0.26	0.29	0.24	0.19
EPS (Diluted)	0.25	0.26	0.29	0.24	0.19
EPS Growth	-4.29%	-9.96%	20.55%	23.82%	149.02%
Free Cash Flow	15.25	48.64	-18.75	89.94	295.18
Free Cash Flow Per Share	0.03	0.09	-0.04	0.17	0.57
Dividend Per Share	0.120	0.120	0.140	0.115	0.095
Dividend Growth	-	-14.29%	21.74%	21.05%	150.00%
Gross Margin	37.13%	46.21%	53.07%	54.34%	44.44%
Operating Margin	-31.72%	-27.20%	14.36%	28.70%	2.68%
Profit Margin	134.55%	144.96%	85.61%	43.59%	42.07%
Free Cash Flow Margin	16.07%	52.88%	-10.84%	31.91%	125.15%
EBITDA	-5.35	-0.04	50.43	108.71	36.58
EBITDA Margin	-5.64%	-0.05%	29.15%	38.57%	15.51%
D&A For EBITDA	24.74	24.97	25.58	27.83	30.25
EBIT	-30.09	-25.02	24.84	80.88	6.33
EBIT Margin	-31.72%	-27.20%	14.36%	28.70%	2.68%
Effective Tax Rate	2.39%	2.34%	9.06%	17.73%	16.49%
Revenue as Reported	94.86	91.98	172.99	281.83	235.86
Advertising Expenses	5.34	4.86	1.81	4.11	-

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