SHA:600873 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	23,727	24,010	24,878	27,439	27,742	22,727
Other Revenue	198.49	198.49	191.57	322.1	194.79	333.88
Revenue	23,926	24,209	25,069	27,761	27,937	23,061
Revenue Growth (YoY)	-3.72%	-3.43%	-9.70%	-0.63%	21.14%	35.26%
Cost of Revenue	20,313	19,624	20,042	22,302	20,920	18,592
Gross Profit	3,613	4,585	5,027	5,458	7,017	4,469
Selling, General & Admin	1,305	1,355	1,325	1,338	1,452	1,168
Research & Development	380.25	389.15	382.9	314.22	279.68	254.88
Other Operating Expenses	338.27	235.64	196.7	234.69	258.72	235.4
Operating Expenses	2,011	1,969	1,901	1,892	1,994	1,726
Operating Income	1,601	2,616	3,127	3,566	5,023	2,743
Interest Expense	-50.62	-52.27	-80.47	-115.22	-149.37	-177.49
Interest & Investment Income	110.76	117.47	128.16	126.49	96.95	318.44
Currency Exchange Gain (Loss)	2.98	2.98	113.71	41.11	6.95	6.36
Other Non Operating Income (Expenses)	-58.64	-14.33	-25.34	-66.15	-14.04	-15.87
EBT Excluding Unusual Items	1,606	2,669	3,263	3,552	4,964	2,875
Gain (Loss) on Sale of Investments	27.41	32.84	14.83	-38.12	32.69	-22.02
Gain (Loss) on Sale of Assets	1.46	1.03	0.03	4.07	-0.08	1.83
Asset Writedown	-59.04	-59.29	-36.13	-43.09	-20.58	-43.24
Legal Settlements	28.62	28.62	-233	-	-	-
Other Unusual Items	1,074	1,054	330.71	242.42	171.59	69.7
Pretax Income	2,682	3,730	3,349	3,723	5,153	2,883
Income Tax Expense	301.66	448.82	609.03	542.19	746.55	456.11
Earnings From Continuing Operations	2,380	3,281	2,740	3,181	4,406	2,427
Minority Interest in Earnings	-	-	-	-	-	-25.06
Net Income	2,380	3,281	2,740	3,181	4,406	2,402
Net Income to Common	2,380	3,281	2,740	3,181	4,406	2,402
Net Income Growth	-20.86%	19.72%	-13.85%	-27.81%	83.42%	144.61%
Shares Outstanding (Basic)	2,834	2,804	2,915	3,001	3,060	3,080
Shares Outstanding (Diluted)	2,834	2,804	2,915	3,001	3,081	3,080
Shares Change (YoY)	-2.28%	-3.81%	-2.85%	-2.61%	0.05%	0.35%
EPS (Basic)	0.84	1.17	0.94	1.06	1.44	0.78
EPS (Diluted)	0.84	1.17	0.94	1.06	1.43	0.78
EPS Growth	-19.01%	24.47%	-11.32%	-25.87%	83.33%	143.75%
Free Cash Flow	345.65	1,924	2,622	3,896	4,196	2,768
Free Cash Flow Per Share	0.12	0.69	0.90	1.30	1.36	0.90
Dividend Per Share	0.428	0.428	0.602	0.417	0.400	0.400
Dividend Growth	-28.91%	-28.91%	44.35%	4.25%	-	33.33%
Gross Margin	15.10%	18.94%	20.05%	19.66%	25.12%	19.38%
Operating Margin	6.69%	10.80%	12.47%	12.85%	17.98%	11.89%
Profit Margin	9.95%	13.55%	10.93%	11.46%	15.77%	10.42%
Free Cash Flow Margin	1.44%	7.95%	10.46%	14.03%	15.02%	12.00%
EBITDA	3,014	4,010	4,448	4,914	6,403	4,164
EBITDA Margin	12.60%	16.56%	17.74%	17.70%	22.92%	18.06%
D&A For EBITDA	1,413	1,394	1,321	1,348	1,380	1,421
EBIT	1,601	2,616	3,127	3,566	5,023	2,743
EBIT Margin	6.69%	10.80%	12.47%	12.85%	17.98%	11.89%
Effective Tax Rate	11.25%	12.03%	18.18%	14.56%	14.49%	15.82%
Revenue as Reported	23,926	24,209	25,069	27,761	27,937	23,061
Advertising Expenses	-	21.45	30.03	24.03	28.21	38.94

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