SHA:600862 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	4,607	4,928	4,993	4,681	4,346	3,730
Other Revenue	80.25	80.25	79.37	98.16	100.19	77.27
Revenue	4,688	5,008	5,072	4,780	4,446	3,808
Revenue Growth (YoY)	-9.09%	-1.27%	6.12%	7.50%	16.77%	30.77%
Cost of Revenue	2,991	3,172	3,145	3,056	3,090	2,677
Gross Profit	1,697	1,836	1,927	1,724	1,357	1,130
Selling, General & Admin	393.47	384.2	365.83	360.32	294.69	277.7
Research & Development	199.82	211.82	197.87	175.52	163.32	151.24
Other Operating Expenses	15.24	14.73	20.02	23.73	33.77	31.45
Operating Expenses	625.46	627.67	593.11	566.79	509.79	490.43
Operating Income	1,072	1,209	1,334	1,157	846.75	639.77
Interest Expense	-6.46	-6.42	-6.33	-4.02	-3.18	-13.41
Interest & Investment Income	20.28	21.14	23.17	57.16	37.49	42.35
Currency Exchange Gain (Loss)	-0.66	-0.66	1.67	0.92	0.04	0.01
Other Non Operating Income (Expenses)	-0.91	-4.09	-3.12	-1.39	-4.37	-3.17
EBT Excluding Unusual Items	1,084	1,219	1,349	1,210	876.73	665.55
Gain (Loss) on Sale of Investments	-11.08	-15.01	-7.01	-	-	-
Gain (Loss) on Sale of Assets	4.6	4.6	14.67	-0.27	3.01	1.55
Asset Writedown	-0.19	-0.19	-	-	-	-0.09
Legal Settlements	-0.7	-0.7	-0.3	-0.53	-0.3	-0.92
Other Unusual Items	5.66	4.99	0.95	4.19	14.16	39.67
Pretax Income	1,082	1,212	1,357	1,213	893.59	705.76
Income Tax Expense	162.91	179.05	187.82	175.42	126.88	114.48
Earnings From Continuing Operations	919.24	1,033	1,169	1,038	766.71	591.28
Minority Interest in Earnings	4.71	-2.32	-16.8	-6.17	-2.07	0.13
Net Income	923.95	1,031	1,153	1,031	764.64	591.41
Net Income to Common	923.95	1,031	1,153	1,031	764.64	591.41
Net Income Growth	-20.31%	-10.57%	11.75%	34.90%	29.29%	37.25%
Shares Outstanding (Basic)	1,392	1,393	1,389	1,394	1,390	1,408
Shares Outstanding (Diluted)	1,392	1,393	1,389	1,394	1,390	1,408
Shares Change (YoY)	0.21%	0.30%	-0.37%	0.26%	-1.27%	1.30%
EPS (Basic)	0.66	0.74	0.83	0.74	0.55	0.42
EPS (Diluted)	0.66	0.74	0.83	0.74	0.55	0.42
EPS Growth	-20.48%	-10.84%	12.16%	34.54%	30.95%	35.48%
Free Cash Flow	1,335	947.38	340.42	194.85	172.07	271.11
Free Cash Flow Per Share	0.96	0.68	0.24	0.14	0.12	0.19
Dividend Per Share	0.223	0.223	0.249	0.223	0.165	0.128
Dividend Growth	-10.44%	-10.44%	11.66%	35.15%	28.91%	37.63%
Gross Margin	36.20%	36.67%	37.99%	36.07%	30.51%	29.68%
Operating Margin	22.86%	24.13%	26.29%	24.21%	19.05%	16.80%
Profit Margin	19.71%	20.58%	22.73%	21.58%	17.20%	15.53%
Free Cash Flow Margin	28.47%	18.92%	6.71%	4.08%	3.87%	7.12%
EBITDA	1,246	1,377	1,479	1,291	974.56	799.36
EBITDA Margin	26.58%	27.50%	29.16%	27.01%	21.92%	20.99%
D&A For EBITDA	174.58	168.78	145.59	133.94	127.81	159.59
EBIT	1,072	1,209	1,334	1,157	846.75	639.77
EBIT Margin	22.86%	24.13%	26.29%	24.21%	19.05%	16.80%
Effective Tax Rate	15.05%	14.77%	13.84%	14.46%	14.20%	16.22%
Revenue as Reported	4,688	5,008	5,072	4,780	4,446	3,808
Advertising Expenses	-	6.45	7.55	1.43	0.15	0.87

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