SHA:600879 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	13,956	13,814	14,193	18,579	17,281	15,831
Other Revenue	96.09	96.09	87.25	148.34	194.19	157.96
Revenue	14,052	13,910	14,280	18,727	17,476	15,989
Revenue Growth (YoY)	15.49%	-2.60%	-23.75%	7.16%	9.30%	14.14%
Cost of Revenue	11,351	11,185	11,304	14,984	14,079	12,868
Gross Profit	2,701	2,725	2,977	3,743	3,396	3,122
Selling, General & Admin	1,381	1,375	1,561	1,736	1,480	1,470
Research & Development	831.29	846.12	881.17	1,075	893.19	718.54
Other Operating Expenses	46.4	43.52	57	52.58	67.72	56.13
Operating Expenses	2,399	2,405	2,535	3,097	2,546	2,294
Operating Income	301.73	320.37	441.28	646.28	850.57	827.16
Interest Expense	-130.82	-130.82	-172.47	-183.44	-210.41	-224.89
Interest & Investment Income	21.4	22.14	344.84	142.56	11.38	31.3
Currency Exchange Gain (Loss)	0.05	0.05	0.57	0.24	0.49	-1.02
Other Non Operating Income (Expenses)	9.85	-4.08	-34.1	-62.97	-30.43	-43.16
EBT Excluding Unusual Items	198.05	207.65	580.13	542.67	621.6	589.39
Gain (Loss) on Sale of Investments	-2.62	-2.62	-	-	-0.9	-
Gain (Loss) on Sale of Assets	-3.35	-3.35	0.3	-4.9	-1.82	-3.2
Asset Writedown	-3.83	-3.86	-15.01	-35.73	-20.64	2.08
Legal Settlements	-	-	-24.59	-	-	-
Other Unusual Items	78.17	78.17	110.06	95.63	81.77	51.79
Pretax Income	266.42	276	650.88	597.67	680.01	640.05
Income Tax Expense	19.2	25.32	49.1	6.87	22.61	45.78
Earnings From Continuing Operations	247.22	250.69	601.78	590.8	657.4	594.27
Minority Interest in Earnings	-18.69	-23.71	-53.76	-65.95	-44.65	-45.07
Net Income	228.54	226.98	548.02	524.85	612.75	549.2
Net Income to Common	228.54	226.98	548.02	524.85	612.75	549.2
Net Income Growth	-47.43%	-58.58%	4.42%	-14.35%	11.57%	14.79%
Shares Outstanding (Basic)	3,333	3,290	3,301	2,965	2,723	2,719
Shares Outstanding (Diluted)	3,333	3,290	3,301	2,965	2,723	2,719
Shares Change (YoY)	1.14%	-0.36%	11.33%	8.88%	0.17%	0.01%
EPS (Basic)	0.07	0.07	0.17	0.18	0.23	0.20
EPS (Diluted)	0.07	0.07	0.17	0.18	0.23	0.20
EPS Growth	-48.02%	-58.43%	-6.21%	-21.33%	11.39%	14.77%
Free Cash Flow	-1,826	-1,905	-1,043	-1,634	-2,268	-211.63
Free Cash Flow Per Share	-0.55	-0.58	-0.32	-0.55	-0.83	-0.08
Dividend Per Share	0.021	0.021	0.050	0.048	0.070	-
Dividend Growth	-58.00%	-58.00%	4.17%	-31.43%	-	-
Gross Margin	19.22%	19.59%	20.84%	19.99%	19.43%	19.52%
Operating Margin	2.15%	2.30%	3.09%	3.45%	4.87%	5.17%
Profit Margin	1.63%	1.63%	3.84%	2.80%	3.51%	3.44%
Free Cash Flow Margin	-13.00%	-13.70%	-7.31%	-8.73%	-12.98%	-1.32%
EBITDA	759.06	779.38	907.03	1,144	1,339	1,280
EBITDA Margin	5.40%	5.60%	6.35%	6.11%	7.66%	8.00%
D&A For EBITDA	457.33	459.01	465.75	497.85	488.87	452.77
EBIT	301.73	320.37	441.28	646.28	850.57	827.16
EBIT Margin	2.15%	2.30%	3.09%	3.45%	4.87%	5.17%
Effective Tax Rate	7.21%	9.17%	7.54%	1.15%	3.33%	7.15%
Revenue as Reported	13,910	13,910	14,280	18,727	17,476	15,989
Advertising Expenses	-	5.86	11.14	20.09	12.72	9.74

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