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	Sep '26 Sep 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	23,752	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	23,951	24,209	25,069	27,761	27,937	23,061
Revenue Growth	-2.65%	-3.43%	-9.70%	-0.63%	21.14%	35.26%
Cost of Revenue	21,199	19,624	20,042	22,302	20,920	18,592
Gross Profit	2,751	4,585	5,027	5,458	7,017	4,469
Selling, General & Admin	1,211	1,355	1,325	1,338	1,452	1,168
Research & Development	382.06	389.15	382.9	314.22	279.68	254.88
Other Operating Expenses	419.85	235.64	196.7	234.69	258.72	235.4
Operating Expenses	2,003	1,969	1,901	1,892	1,994	1,726
Operating Income	748.59	2,616	3,127	3,566	5,023	2,743
Interest Expense	-12	-52.27	-80.47	-115.22	-149.37	-177.49
Interest & Investment Income	102.64	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)	-55.58	-14.33	-25.34	-66.15	-14.04	-15.87
EBT Excluding Unusual Items	786.63	2,669	3,263	3,552	4,964	2,875
Gain (Loss) on Sale of Investments	40.96	32.84	14.83	-38.12	32.69	-22.02
Gain (Loss) on Sale of Assets	45.28	1.03	0.03	4.07	-0.08	1.83
Asset Writedown	-85.53	-59.29	-36.13	-43.09	-20.58	-43.24
Legal Settlements	28.62	28.62	-233	-	-	-
Other Unusual Items	377.75	1,054	330.71	242.42	171.59	69.7
Pretax Income	1,197	3,730	3,349	3,723	5,153	2,883
Income Tax Expense	228.66	448.82	609.03	542.19	746.55	456.11
Earnings From Continuing Operations	967.98	3,281	2,740	3,181	4,406	2,427
Minority Interest in Earnings	-	-	-	-	-	-25.06
Net Income	967.98	3,281	2,740	3,181	4,406	2,402
Net Income to Common	967.98	3,281	2,740	3,181	4,406	2,402
Net Income Growth	-74.33%	19.72%	-13.85%	-27.81%	83.42%	144.61%
Shares Outstanding (Basic)	2,800	2,804	2,915	3,001	3,060	3,080
Shares Outstanding (Diluted)	2,800	2,804	2,915	3,001	3,081	3,080
Shares Change	-1.92%	-3.81%	-2.85%	-2.61%	0.05%	0.35%
EPS (Basic)	0.35	1.17	0.94	1.06	1.44	0.78
EPS (Diluted)	0.35	1.17	0.94	1.06	1.43	0.78
EPS Growth	-73.82%	24.47%	-11.32%	-25.87%	83.33%	143.75%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	-380.61	1,924	2,622	3,896	4,196	2,768
Free Cash Flow Per Share	-0.14	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	0.45%	-28.91%	44.35%	4.25%	0%	33.33%
Gross Margin	11.49%	18.94%	20.05%	19.66%	25.12%	19.38%
Operating Margin	3.13%	10.80%	12.47%	12.85%	17.98%	11.89%
Profit Margin	4.04%	13.55%	10.93%	11.46%	15.77%	10.42%
Free Cash Flow Margin	-1.59%	7.95%	10.46%	14.03%	15.02%	12.00%
EBITDA	2,198	4,010	4,448	4,914	6,403	4,164
EBITDA Margin	9.18%	16.56%	17.74%	17.70%	22.92%	18.06%
D&A For EBITDA	1,450	1,394	1,321	1,348	1,380	1,421
EBIT	748.59	2,616	3,127	3,566	5,023	2,743
EBIT Margin	3.13%	10.80%	12.47%	12.85%	17.98%	11.89%
Effective Tax Rate	19.11%	12.03%	18.18%	14.56%	14.49%	15.82%
Revenue as Reported	5,993	24,209	25,069	27,761	27,937	23,061
Advertising Expenses	-	21.45	30.03	24.03	28.21	38.94