SHA:600929 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	5,355	5,383	5,978	6,187	6,407	4,732
Other Revenue	37.93	37.93	42.74	75.36	34.21	48.08
Revenue	5,393	5,421	6,021	6,262	6,441	4,780
Revenue Growth (YoY)	-6.93%	-9.96%	-3.85%	-2.77%	34.74%	35.19%
Cost of Revenue	4,177	4,206	4,557	4,327	4,261	3,406
Gross Profit	1,216	1,216	1,464	1,935	2,180	1,374
Selling, General & Admin	719.17	711.67	777.96	803.83	783.62	627.5
Research & Development	226.79	226.06	274.62	229.93	239.94	187.88
Other Operating Expenses	120.96	112.22	114.57	100.32	132.47	52.3
Operating Expenses	1,100	1,087	1,174	1,135	1,156	863.59
Operating Income	115.14	128.15	289.98	800.55	1,024	510.9
Interest Expense	-22.5	-23.08	-23.81	-16.37	-29.23	-36.15
Interest & Investment Income	13.51	13.8	26.16	31.67	12.91	9.42
Currency Exchange Gain (Loss)	0.2	0.2	0.03	-0.11	-0.45	0.34
Other Non Operating Income (Expenses)	-3.05	-2.75	-1.07	-2.13	-0.61	-15.11
EBT Excluding Unusual Items	103.3	116.31	291.29	813.62	1,007	469.39
Gain (Loss) on Sale of Investments	-0.33	-0.33	0.01	-	-3.62	18.12
Gain (Loss) on Sale of Assets	-13.79	-9.43	-18.64	-4.55	-38.33	-25.86
Asset Writedown	-25.29	-24.6	-2.34	-5.27	-	-
Other Unusual Items	53.57	55.1	93.04	69.24	3.28	8.93
Pretax Income	117.46	137.05	363.36	873.03	968.06	470.59
Income Tax Expense	18.57	23.35	55.74	143.51	130.06	29.56
Earnings From Continuing Operations	98.89	113.7	307.62	729.51	838	441.03
Minority Interest in Earnings	-40.39	-36.68	-4.49	-20.76	-68.8	-39.32
Net Income	58.5	77.02	303.12	708.75	769.2	401.71
Net Income to Common	58.5	77.02	303.12	708.75	769.2	401.71
Net Income Growth	-60.99%	-74.59%	-57.23%	-7.86%	91.48%	109.29%
Shares Outstanding (Basic)	1,632	1,639	1,639	1,564	1,411	1,343
Shares Outstanding (Diluted)	1,632	1,639	1,639	1,564	1,411	1,415
Shares Change (YoY)	-0.48%	-0.04%	4.81%	10.89%	-0.31%	4.61%
EPS (Basic)	0.04	0.05	0.18	0.45	0.55	0.30
EPS (Diluted)	0.04	0.05	0.18	0.45	0.55	0.28
EPS Growth	-60.80%	-74.58%	-59.19%	-16.91%	92.07%	100.07%
Free Cash Flow	323.32	205.06	-479.24	229.51	323.61	-125.06
Free Cash Flow Per Share	0.20	0.13	-0.29	0.15	0.23	-0.09
Dividend Per Share	0.015	0.015	0.087	0.200	0.250	0.200
Dividend Growth	-82.76%	-82.76%	-56.50%	-20.00%	25.00%	150.00%
Gross Margin	22.54%	22.42%	24.32%	30.90%	33.84%	28.75%
Operating Margin	2.14%	2.36%	4.82%	12.78%	15.90%	10.69%
Profit Margin	1.08%	1.42%	5.03%	11.32%	11.94%	8.40%
Free Cash Flow Margin	6.00%	3.78%	-7.96%	3.67%	5.02%	-2.62%
EBITDA	691.43	703.74	862.76	1,287	1,458	924.84
EBITDA Margin	12.82%	12.98%	14.33%	20.55%	22.63%	19.35%
D&A For EBITDA	576.29	575.59	572.77	486.11	433.45	413.94
EBIT	115.14	128.15	289.98	800.55	1,024	510.9
EBIT Margin	2.14%	2.36%	4.82%	12.78%	15.90%	10.69%
Effective Tax Rate	15.81%	17.04%	15.34%	16.44%	13.44%	6.28%
Revenue as Reported	5,393	5,421	6,021	6,262	6,441	4,780
Advertising Expenses	-	48.93	96.39	120.26	98.79	70.89

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