SHA:600874 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	4,463	4,416	4,566	4,411	4,295	4,282
Other Revenue	343.84	343.84	261.53	254.37	227.51	253.09
Revenue	4,807	4,760	4,827	4,665	4,522	4,536
Revenue Growth (YoY)	-0.89%	-1.40%	3.48%	3.16%	-0.30%	34.83%
Cost of Revenue	2,973	2,940	2,911	2,853	2,993	3,200
Gross Profit	1,833	1,820	1,916	1,812	1,529	1,336
Selling, General & Admin	254.35	255.27	255.82	242.53	227.04	225.21
Research & Development	55.02	56.34	61.21	50.78	42.33	16.05
Other Operating Expenses	68.73	72.54	60.66	48.11	39.53	25.2
Operating Expenses	427.1	433.16	468.78	416.93	363.61	261.4
Operating Income	1,406	1,387	1,448	1,395	1,165	1,075
Interest Expense	-309.91	-309.91	-381.72	-390.84	-403.07	-339.42
Interest & Investment Income	38.92	40.65	23.24	168.98	211.94	193.66
Currency Exchange Gain (Loss)	5.51	5.51	15.81	9.57	12.09	30.65
Other Non Operating Income (Expenses)	-25.94	-40.47	-3.1	-0.92	-0.71	-2.49
EBT Excluding Unusual Items	1,115	1,082	1,102	1,182	985.57	957.01
Impairment of Goodwill	-	-	-150.05	-169.76	-85.65	-99.66
Gain (Loss) on Sale of Investments	-	-	-	-4.26	-3.6	-
Gain (Loss) on Sale of Assets	-17.62	-17.62	0.02	-0	-2.57	-0.71
Asset Writedown	-	-	-	-	-20.81	-52.16
Other Unusual Items	85.92	85.92	95.17	98.58	96.34	91.58
Pretax Income	1,183	1,151	1,047	1,106	969.3	896.06
Income Tax Expense	239.13	234.49	176.4	202.77	156.69	177.05
Earnings From Continuing Operations	944.02	916.13	870.66	903.44	812.61	719.01
Minority Interest in Earnings	-60.05	-53.78	-63.45	-38.24	-61.35	-25.82
Net Income	883.97	862.36	807.21	865.21	751.25	693.19
Net Income to Common	883.97	862.36	807.21	865.21	751.25	693.19
Net Income Growth	9.08%	6.83%	-6.70%	15.17%	8.38%	21.60%
Shares Outstanding (Basic)	1,567	1,568	1,583	1,573	1,473	1,415
Shares Outstanding (Diluted)	1,567	1,568	1,583	1,573	1,473	1,415
Shares Change (YoY)	-0.98%	-0.94%	0.61%	6.79%	4.13%	-0.73%
EPS (Basic)	0.56	0.55	0.51	0.55	0.51	0.49
EPS (Diluted)	0.56	0.55	0.51	0.55	0.51	0.49
EPS Growth	10.16%	7.84%	-7.27%	7.84%	4.08%	22.50%
Free Cash Flow	2,683	2,374	695.57	-674.32	245.19	98.14
Free Cash Flow Per Share	1.71	1.51	0.44	-0.43	0.17	0.07
Dividend Per Share	0.209	0.209	0.170	0.166	0.144	0.146
Dividend Growth	22.94%	22.94%	2.41%	15.28%	-1.37%	21.67%
Gross Margin	38.14%	38.23%	39.70%	38.84%	33.81%	29.46%
Operating Margin	29.26%	29.13%	29.99%	29.90%	25.77%	23.69%
Profit Margin	18.39%	18.12%	16.72%	18.55%	16.61%	15.28%
Free Cash Flow Margin	55.81%	49.88%	14.41%	-14.46%	5.42%	2.16%
EBITDA	2,155	2,136	2,201	2,050	1,760	1,702
EBITDA Margin	44.84%	44.88%	45.59%	43.94%	38.91%	37.53%
D&A For EBITDA	748.8	749.68	753.18	655.04	594.3	627.66
EBIT	1,406	1,387	1,448	1,395	1,165	1,075
EBIT Margin	29.26%	29.13%	29.99%	29.90%	25.77%	23.69%
Effective Tax Rate	20.21%	20.38%	16.85%	18.33%	16.17%	19.76%
Revenue as Reported	4,760	4,760	4,827	4,665	4,522	4,536

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