SHA:600970 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	48,644	49,286	45,916	45,582	42,554	36,243
Other Revenue	312.56	312.56	211.74	217.08	272.16	292.44
Revenue	48,956	49,599	46,127	45,799	42,826	36,535
Revenue Growth (YoY)	6.46%	7.53%	0.72%	6.94%	17.22%	19.64%
Cost of Revenue	39,970	40,452	37,103	36,923	35,420	30,265
Gross Profit	8,987	9,147	9,024	8,876	7,406	6,270
Selling, General & Admin	3,126	3,078	2,904	2,701	2,523	2,167
Research & Development	1,758	1,783	1,763	1,842	1,627	1,183
Other Operating Expenses	201.07	202.16	183.57	184.29	100.38	127.68
Operating Expenses	5,940	5,918	5,151	5,031	4,344	3,581
Operating Income	3,047	3,229	3,874	3,845	3,062	2,688
Interest Expense	-192.62	-192.62	-244.49	-295.15	-240.84	-286.79
Interest & Investment Income	485.19	466.66	337.51	333.02	312.91	494.58
Currency Exchange Gain (Loss)	24.74	24.74	-251.18	-227.34	175.4	-368.34
Other Non Operating Income (Expenses)	-200.25	-89.14	-96.07	-52.28	-58.24	-99.82
EBT Excluding Unusual Items	3,164	3,439	3,619	3,603	3,251	2,428
Merger & Restructuring Charges	-11.64	-11.64	-14.54	-14.09	-15.49	-
Impairment of Goodwill	-72.52	-72.52	-41.45	-136.04	-67.77	-49.57
Gain (Loss) on Sale of Investments	-31.18	-32.67	7.5	45.82	-19.65	0.27
Gain (Loss) on Sale of Assets	102.03	143.65	74.23	17.63	29.78	7.58
Asset Writedown	32.03	-16.61	-3.33	-5.68	5.49	-19.93
Legal Settlements	-0.8	-0.8	-	-	-	-
Other Unusual Items	197.79	197.79	136.16	186.87	66.1	57.31
Pretax Income	3,379	3,646	3,778	3,698	3,250	2,424
Income Tax Expense	526.79	564.02	554.75	511.42	425.18	377.16
Earnings From Continuing Operations	2,853	3,082	3,223	3,186	2,824	2,047
Minority Interest in Earnings	-198.83	-219.68	-240.03	-270.31	-283.2	-234.23
Net Income	2,654	2,862	2,983	2,916	2,541	1,812
Net Income to Common	2,654	2,862	2,983	2,916	2,541	1,812
Net Income Growth	-11.83%	-4.06%	2.31%	14.74%	40.22%	19.13%
Shares Outstanding (Basic)	2,631	2,626	2,617	2,603	2,593	2,210
Shares Outstanding (Diluted)	2,631	2,626	2,617	2,603	2,593	2,210
Shares Change (YoY)	-0.46%	0.35%	0.51%	0.40%	17.32%	0.24%
EPS (Basic)	1.01	1.09	1.14	1.12	0.98	0.82
EPS (Diluted)	1.01	1.09	1.14	1.12	0.98	0.82
EPS Growth	-11.43%	-4.39%	1.79%	14.29%	19.51%	18.84%
Free Cash Flow	1,875	1,247	1,549	2,577	-78.9	1,818
Free Cash Flow Per Share	0.71	0.47	0.59	0.99	-0.03	0.82
Dividend Per Share	0.480	0.480	0.450	0.400	0.300	0.230
Dividend Growth	6.67%	6.67%	12.50%	33.33%	30.44%	-
Gross Margin	18.36%	18.44%	19.56%	19.38%	17.29%	17.16%
Operating Margin	6.22%	6.51%	8.40%	8.39%	7.15%	7.36%
Profit Margin	5.42%	5.77%	6.47%	6.37%	5.93%	4.96%
Free Cash Flow Margin	3.83%	2.51%	3.36%	5.63%	-0.18%	4.98%
EBITDA	3,618	3,790	4,392	4,302	3,455	3,025
EBITDA Margin	7.39%	7.64%	9.52%	9.39%	8.07%	8.28%
D&A For EBITDA	571.39	560.82	518.54	457.46	393.6	336.19
EBIT	3,047	3,229	3,874	3,845	3,062	2,688
EBIT Margin	6.22%	6.51%	8.40%	8.39%	7.15%	7.36%
Effective Tax Rate	15.59%	15.47%	14.68%	13.83%	13.08%	15.56%
Revenue as Reported	49,599	49,599	46,127	45,799	42,826	36,535
Advertising Expenses	-	28.04	22.66	17.52	19.37	11.47

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