SHA:600867 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	3,007	2,911	1,976	2,930	2,742	3,219
Other Revenue	36.41	36.41	33.15	145.81	36.47	49.22
Revenue	3,043	2,947	2,010	3,075	2,778	3,268
Revenue Growth (YoY)	47.04%	46.66%	-34.66%	10.69%	-14.98%	12.99%
Cost of Revenue	898.51	886.21	547.46	621.05	628.13	586.99
Gross Profit	2,145	2,061	1,462	2,454	2,150	2,681
Selling, General & Admin	1,307	1,289	1,251	1,047	1,114	1,255
Research & Development	165.3	167.12	99.3	104.96	146.71	166.86
Other Operating Expenses	25.69	26.49	13.14	11.65	14.57	11.27
Operating Expenses	1,494	1,479	1,348	1,184	1,268	1,435
Operating Income	650.63	582.23	114.5	1,270	882.29	1,246
Interest Expense	-21.81	-21.81	-14.38	-5.17	-0.28	-
Interest & Investment Income	1,169	1,183	130.83	103.61	942.66	304.32
Currency Exchange Gain (Loss)	-0.63	-0.63	0.7	0.47	0	0.24
Other Non Operating Income (Expenses)	-1.97	-0.66	2.68	-1.65	-0.88	0.33
EBT Excluding Unusual Items	1,795	1,743	234.34	1,368	1,824	1,550
Gain (Loss) on Sale of Investments	0.62	0.22	0.4	0.52	0.96	-0.37
Gain (Loss) on Sale of Assets	-85.74	-85.26	-239.83	-3.13	-0.11	-13.48
Asset Writedown	-177.44	-177.44	-80.68	-7	-1.74	-11.53
Legal Settlements	-	-	-60.82	-	-	-
Other Unusual Items	-2.9	-2.9	4.32	7.91	6.62	9.35
Pretax Income	1,529	1,477	-142.28	1,366	1,830	1,534
Income Tax Expense	317.5	280.05	-99.55	197.97	247.69	225.86
Earnings From Continuing Operations	1,212	1,197	-42.73	1,168	1,582	1,309
Minority Interest in Earnings	24.8	21.86	0.77	-0.09	0.06	-0.34
Net Income	1,237	1,219	-41.95	1,168	1,582	1,308
Net Income to Common	1,237	1,219	-41.95	1,168	1,582	1,308
Net Income Growth	-	-	-	-26.17%	20.92%	40.69%
Shares Outstanding (Basic)	2,040	1,966	2,098	1,979	2,002	2,044
Shares Outstanding (Diluted)	2,040	1,966	2,098	1,979	2,002	2,044
Shares Change (YoY)	-1.21%	-6.27%	5.98%	-1.15%	-2.04%	1.12%
EPS (Basic)	0.61	0.62	-0.02	0.59	0.79	0.64
EPS (Diluted)	0.61	0.62	-0.02	0.59	0.79	0.64
EPS Growth	-	-	-	-25.32%	23.44%	39.13%
Free Cash Flow	322.61	171.53	-106.4	513.4	370.21	579.62
Free Cash Flow Per Share	0.16	0.09	-0.05	0.26	0.18	0.28
Dividend Per Share	0.300	0.300	0.250	0.250	0.500	0.300
Dividend Growth	20.00%	20.00%	-	-50.00%	66.67%	42.86%
Gross Margin	70.48%	69.93%	72.76%	79.81%	77.39%	82.04%
Operating Margin	21.38%	19.75%	5.70%	41.31%	31.75%	38.12%
Profit Margin	40.63%	41.36%	-2.09%	37.97%	56.93%	40.03%
Free Cash Flow Margin	10.60%	5.82%	-5.29%	16.69%	13.32%	17.74%
EBITDA	931.51	844.5	302.31	1,456	1,033	1,389
EBITDA Margin	30.61%	28.65%	15.04%	47.35%	37.20%	42.51%
D&A For EBITDA	280.88	262.27	187.81	185.87	151.17	143.65
EBIT	650.63	582.23	114.5	1,270	882.29	1,246
EBIT Margin	21.38%	19.75%	5.70%	41.31%	31.75%	38.12%
Effective Tax Rate	20.76%	18.96%	-	14.49%	13.54%	14.72%
Revenue as Reported	2,947	2,947	2,010	3,075	2,778	3,268
Advertising Expenses	-	74.43	93.24	63.59	46.79	143.61

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