SHA:600887 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	116,348	114,545	114,121	124,461	121,149	108,462
Other Revenue	1,390	1,386	1,659	1,719	2,022	2,133
Revenue	117,738	115,931	115,780	126,179	123,171	110,595
Revenue Growth (YoY)	1.31%	0.13%	-8.24%	2.44%	11.37%	14.15%
Cost of Revenue	77,093	76,215	77,582	86,063	83,711	76,628
Gross Profit	40,645	39,716	38,198	40,117	39,460	33,967
Selling, General & Admin	26,505	26,240	26,447	27,726	28,251	23,542
Research & Development	893.8	915.01	869.98	850.15	821.55	601.02
Other Operating Expenses	640.11	512.51	110.36	-365.19	741.78	663.58
Operating Expenses	28,145	27,767	27,461	28,216	29,921	24,915
Operating Income	12,500	11,949	10,737	11,901	9,539	9,053
Interest Expense	-1,398	-1,366	-1,820	-2,193	-1,403	-809.51
Interest & Investment Income	2,469	2,317	4,872	2,479	2,004	1,213
Currency Exchange Gain (Loss)	-51.93	-51.93	11.83	-68.51	-66.93	116.4
Other Non Operating Income (Expenses)	-216.85	-211.19	-541.19	-314.19	-290.19	-29.9
EBT Excluding Unusual Items	13,302	12,637	13,261	11,804	9,784	9,543
Impairment of Goodwill	-140.74	-140.74	-3,075	-	-174.5	-55.26
Gain (Loss) on Sale of Investments	-40.54	37.78	-28.15	247.1	94.15	120.59
Gain (Loss) on Sale of Assets	-43.32	-55.85	-57.29	-44.06	-23.25	-49.42
Asset Writedown	-26.64	-47.34	-373.21	-303.71	-25.65	-161.06
Other Unusual Items	563.09	563.09	399.91	17.7	975.66	714.45
Pretax Income	13,614	12,994	10,127	11,721	10,630	10,112
Income Tax Expense	1,606	1,480	1,663	1,437	1,312	1,380
Earnings From Continuing Operations	12,008	11,514	8,464	10,284	9,318	8,732
Minority Interest in Earnings	77.72	51.26	-10.85	144.23	112.86	-27.11
Net Income	12,086	11,565	8,453	10,429	9,431	8,705
Net Income to Common	12,086	11,565	8,453	10,429	9,431	8,705
Net Income Growth	63.23%	36.82%	-18.95%	10.58%	8.34%	22.98%
Shares Outstanding (Basic)	6,324	6,320	6,356	6,359	6,372	6,087
Shares Outstanding (Diluted)	6,324	6,320	6,356	6,359	6,372	6,087
Shares Change (YoY)	-0.35%	-0.56%	-0.05%	-0.21%	4.68%	0.62%
EPS (Basic)	1.91	1.83	1.33	1.64	1.48	1.43
EPS (Diluted)	1.91	1.83	1.33	1.64	1.48	1.43
EPS Growth	63.80%	37.59%	-18.90%	10.81%	3.50%	22.22%
Free Cash Flow	14,150	11,307	17,761	11,335	6,774	8,845
Free Cash Flow Per Share	2.24	1.79	2.79	1.78	1.06	1.45
Dividend Per Share	1.380	1.380	1.220	1.200	1.040	0.960
Dividend Growth	13.11%	13.11%	1.67%	15.38%	8.33%	17.07%
Gross Margin	34.52%	34.26%	32.99%	31.79%	32.04%	30.71%
Operating Margin	10.62%	10.31%	9.27%	9.43%	7.75%	8.19%
Profit Margin	10.27%	9.98%	7.30%	8.27%	7.66%	7.87%
Free Cash Flow Margin	12.02%	9.75%	15.34%	8.98%	5.50%	8.00%
EBITDA	16,707	16,179	15,062	16,037	13,291	12,204
EBITDA Margin	14.19%	13.96%	13.01%	12.71%	10.79%	11.04%
D&A For EBITDA	4,207	4,230	4,324	4,135	3,752	3,151
EBIT	12,500	11,949	10,737	11,901	9,539	9,053
EBIT Margin	10.62%	10.31%	9.27%	9.43%	7.75%	8.19%
Effective Tax Rate	11.80%	11.39%	16.42%	12.26%	12.34%	13.65%
Revenue as Reported	117,738	115,931	115,780	126,179	123,171	110,595

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