SHA:600893 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	Jun '26 Jun 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	52,215	45,659	47,265	43,103	36,570	33,665
Other Revenue	773.04	672.71	615.15	630.74	526.86	436.98
Revenue	52,988	46,331	47,880	43,734	37,097	34,102
Revenue Growth	22.01%	-3.23%	9.48%	17.89%	8.78%	19.10%
Cost of Revenue	48,646	42,339	43,327	39,480	33,404	30,461
Gross Profit	4,342	3,992	4,553	4,254	3,693	3,641
Selling, General & Admin	1,950	1,902	1,871	1,829	1,840	2,105
Research & Development	804.63	773.48	995.23	553.45	710.5	472.77
Other Operating Expenses	139.93	71.51	138.57	196.9	123.66	69.89
Operating Expenses	3,065	2,909	3,215	2,632	2,771	2,693
Operating Income	1,277	1,083	1,337	1,621	921.96	947.96
Interest Expense	-611.6	-612.87	-504.44	-295.98	-150.61	-142.34
Interest & Investment Income	335.5	368.03	206.69	456.34	473.39	512.02
Currency Exchange Gain (Loss)	-59.86	-21.12	22.79	19.78	87.96	-21.45
Other Non Operating Income (Expenses)	-14.15	-13.18	-23.06	-35.1	-27.46	-124.68
EBT Excluding Unusual Items	926.76	804.21	1,039	1,766	1,305	1,172
Gain (Loss) on Sale of Investments	-39.84	-8	-52	-145	31	-28
Gain (Loss) on Sale of Assets	28.28	31.77	-0.97	-14.11	-11.05	3.15
Asset Writedown	-0.03	-0.16	-9.04	-0.25	-30.88	-0.14
Other Unusual Items	67.98	79.6	158.52	101.57	262.75	260.88
Pretax Income	983.15	907.43	1,136	1,709	1,557	1,407
Income Tax Expense	232.68	169.72	152.44	189.56	205.69	176.26
Earnings From Continuing Operations	750.47	737.71	983.29	1,519	1,351	1,231
Minority Interest in Earnings	-61.7	-103.38	-123	-97.59	-84.15	-43.53
Net Income	688.77	634.33	860.29	1,421	1,267	1,188
Net Income to Common	688.77	634.33	860.29	1,421	1,267	1,188
Net Income Growth	92.75%	-26.27%	-39.48%	12.17%	6.70%	3.63%
Shares Outstanding (Basic)	2,576	2,643	2,688	2,682	2,640	2,639
Shares Outstanding (Diluted)	2,576	2,643	2,688	2,682	2,640	2,639
Shares Change	-10.14%	-1.69%	0.24%	1.59%	0.03%	12.85%
EPS (Basic)	0.27	0.24	0.32	0.53	0.48	0.45
EPS (Diluted)	0.27	0.24	0.32	0.53	0.48	0.45
EPS Growth	114.51%	-25.00%	-39.62%	10.42%	6.67%	-8.16%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-6,491	-8,186	-17,228	-10,083	-14,080	13,692
Free Cash Flow Per Share	-2.52	-3.10	-6.41	-3.76	-5.33	5.19
Dividend Per Share	0.072	0.072	0.097	0.160	0.145	0.135
Dividend Growth	-25.77%	-25.77%	-39.38%	10.35%	7.41%	3.85%
Gross Margin	8.19%	8.62%	9.51%	9.73%	9.96%	10.68%
Operating Margin	2.41%	2.34%	2.79%	3.71%	2.48%	2.78%
Profit Margin	1.30%	1.37%	1.80%	3.25%	3.42%	3.48%
Free Cash Flow Margin	-12.25%	-17.67%	-35.98%	-23.05%	-37.95%	40.15%
EBITDA	3,498	3,275	3,537	3,598	2,732	2,537
EBITDA Margin	6.60%	7.07%	7.39%	8.23%	7.36%	7.44%
D&A For EBITDA	2,221	2,192	2,200	1,977	1,810	1,589
EBIT	1,277	1,083	1,337	1,621	921.96	947.96
EBIT Margin	2.41%	2.34%	2.79%	3.71%	2.48%	2.78%
Effective Tax Rate	23.67%	18.70%	13.42%	11.09%	13.21%	12.52%
Revenue as Reported	52,988	46,331	47,880	43,734	37,097	34,102
Advertising Expenses	-	-	-	-	0.1	1.89