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	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	52,161	45,659	47,265	43,103	36,570	33,665
Other Revenue	672.71	672.71	615.15	630.74	526.86	436.98
Revenue	52,834	46,331	47,880	43,734	37,097	34,102
Revenue Growth	17.84%	-3.23%	9.48%	17.89%	8.78%	19.10%
Cost of Revenue	48,474	42,339	43,327	39,480	33,404	30,461
Gross Profit	4,360	3,992	4,553	4,254	3,693	3,641
Selling, General & Admin	1,931	1,902	1,871	1,829	1,840	2,105
Research & Development	793.59	773.48	995.23	553.45	710.5	472.77
Other Operating Expenses	215.37	71.51	138.57	196.9	123.66	69.89
Operating Expenses	3,097	2,909	3,215	2,632	2,771	2,693
Operating Income	1,262	1,083	1,337	1,621	921.96	947.96
Interest Expense	-633.42	-612.87	-504.44	-295.98	-150.61	-142.34
Interest & Investment Income	324.04	368.03	206.69	456.34	473.39	512.02
Currency Exchange Gain (Loss)	-21.12	-21.12	22.79	19.78	87.96	-21.45
Other Non Operating Income (Expenses)	-71.13	-13.18	-23.06	-35.1	-27.46	-124.68
EBT Excluding Unusual Items	860.69	804.21	1,039	1,766	1,305	1,172
Gain (Loss) on Sale of Investments	-34.2	-8	-52	-145	31	-28
Gain (Loss) on Sale of Assets	27.28	31.77	-0.97	-14.11	-11.05	3.15
Asset Writedown	18.09	-0.16	-9.04	-0.25	-30.88	-0.14
Other Unusual Items	79.6	79.6	158.52	101.57	262.75	260.88
Pretax Income	951.46	907.43	1,136	1,709	1,557	1,407
Income Tax Expense	223.67	169.72	152.44	189.56	205.69	176.26
Earnings From Continuing Operations	727.79	737.71	983.29	1,519	1,351	1,231
Minority Interest in Earnings	-48.6	-103.38	-123	-97.59	-84.15	-43.53
Net Income	679.19	634.33	860.29	1,421	1,267	1,188
Net Income to Common	679.19	634.33	860.29	1,421	1,267	1,188
Net Income Growth	180.55%	-26.27%	-39.48%	12.17%	6.70%	3.63%
Shares Outstanding (Basic)	2,529	2,643	2,688	2,682	2,640	2,639
Shares Outstanding (Diluted)	2,529	2,643	2,688	2,682	2,640	2,639
Shares Change	-6.18%	-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	199.03%	-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	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	-8,071	-8,186	-17,228	-10,083	-14,080	13,692
Free Cash Flow Per Share	-3.19	-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	8.25%	8.62%	9.51%	9.73%	9.96%	10.68%
Operating Margin	2.39%	2.34%	2.79%	3.71%	2.48%	2.78%
Profit Margin	1.29%	1.37%	1.80%	3.25%	3.42%	3.48%
Free Cash Flow Margin	-15.28%	-17.67%	-35.98%	-23.05%	-37.95%	40.15%
EBITDA	3,449	3,275	3,537	3,598	2,732	2,537
EBITDA Margin	6.53%	7.07%	7.39%	8.23%	7.36%	7.44%
D&A For EBITDA	2,186	2,192	2,200	1,977	1,810	1,589
EBIT	1,262	1,083	1,337	1,621	921.96	947.96
EBIT Margin	2.39%	2.34%	2.79%	3.71%	2.48%	2.78%
Effective Tax Rate	23.51%	18.70%	13.42%	11.09%	13.21%	12.52%
Revenue as Reported	52,834	46,331	47,880	43,734	37,097	34,102
Advertising Expenses	-	-	-	-	0.1	1.89