SHA:600968 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	49,931	50,258	52,278	49,235	47,723	38,596
Other Revenue	105.51	105.51	238.47	73.19	61.25	143
Revenue	50,036	50,363	52,517	49,308	47,784	38,739
Revenue Growth (YoY)	-6.27%	-4.10%	6.51%	3.19%	23.35%	16.66%
Cost of Revenue	41,767	42,271	44,849	42,674	41,799	33,627
Gross Profit	8,270	8,092	7,668	6,634	5,986	5,112
Selling, General & Admin	2,011	2,041	1,986	1,949	1,924	1,714
Research & Development	1,357	1,245	982.1	1,160	1,323	1,033
Other Operating Expenses	207.45	198.64	178.45	207.35	195.08	174.43
Operating Expenses	3,594	3,502	3,189	3,379	3,598	2,932
Operating Income	4,676	4,590	4,480	3,256	2,388	2,181
Interest Expense	-107.94	-107.94	-119.94	-96.14	-75.33	-45.71
Interest & Investment Income	541.27	526.07	443.36	463.21	400.33	327.9
Currency Exchange Gain (Loss)	-18.02	-18.02	6.8	9.22	40.84	-13.92
Other Non Operating Income (Expenses)	-53.87	-9.45	6.05	11.48	-6.65	-6.23
EBT Excluding Unusual Items	5,037	4,980	4,816	3,644	2,747	2,443
Gain (Loss) on Sale of Investments	-36.54	-16.07	27.87	14.04	6.96	8.47
Gain (Loss) on Sale of Assets	11.41	9.94	51.2	0.83	2.24	3.07
Asset Writedown	-20.14	-25.64	-40.95	-19.19	-43.43	-758.84
Other Unusual Items	-152.41	-152.41	-276.66	190.09	271.86	221.87
Pretax Income	4,846	4,803	4,580	3,854	2,984	1,920
Income Tax Expense	820.18	818.42	824	685.76	487.18	538.27
Earnings From Continuing Operations	4,026	3,984	3,756	3,168	2,497	1,381
Minority Interest in Earnings	-98.23	-100.1	-99.63	-87.15	-81.04	-97.99
Net Income	3,928	3,884	3,656	3,081	2,416	1,284
Net Income to Common	3,928	3,884	3,656	3,081	2,416	1,284
Net Income Growth	4.78%	6.24%	18.66%	27.52%	88.25%	-15.65%
Shares Outstanding (Basic)	10,164	10,166	10,164	10,165	10,165	10,162
Shares Outstanding (Diluted)	10,164	10,166	10,164	10,165	10,165	10,162
Shares Change (YoY)	-0.00%	0.02%	-0.01%	0.00%	0.03%	-0.02%
EPS (Basic)	0.39	0.38	0.36	0.30	0.24	0.13
EPS (Diluted)	0.39	0.38	0.36	0.30	0.24	0.13
EPS Growth	4.78%	6.23%	18.67%	27.51%	88.20%	-15.63%
Free Cash Flow	1,476	2,980	3,349	5,523	1,143	1,191
Free Cash Flow Per Share	0.14	0.29	0.33	0.54	0.11	0.12
Dividend Per Share	0.147	0.147	0.135	0.110	0.085	0.055
Dividend Growth	8.89%	8.89%	22.73%	29.41%	54.55%	22.22%
Gross Margin	16.53%	16.07%	14.60%	13.46%	12.53%	13.20%
Operating Margin	9.35%	9.11%	8.53%	6.60%	5.00%	5.63%
Profit Margin	7.85%	7.71%	6.96%	6.25%	5.06%	3.31%
Free Cash Flow Margin	2.95%	5.92%	6.38%	11.20%	2.39%	3.08%
EBITDA	6,320	6,275	6,329	4,854	3,986	3,738
EBITDA Margin	12.63%	12.46%	12.05%	9.84%	8.34%	9.65%
D&A For EBITDA	1,644	1,685	1,850	1,598	1,599	1,557
EBIT	4,676	4,590	4,480	3,256	2,388	2,181
EBIT Margin	9.35%	9.11%	8.53%	6.60%	5.00%	5.63%
Effective Tax Rate	16.92%	17.04%	17.99%	17.79%	16.32%	28.04%
Revenue as Reported	50,363	50,363	52,517	49,308	47,784	38,739
Advertising Expenses	-	11.71	15.49	21.58	8.73	8.78

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