SHA:600971 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,533	6,819	7,603	8,195	6,301
Other Revenue	-	153.5	183.26	191.26	448.61
Revenue	5,533	6,972	7,786	8,386	6,749
Revenue Growth (YoY)	-20.65%	-10.45%	-7.16%	24.25%	29.55%
Cost of Revenue	4,279	4,341	4,149	4,138	3,917
Gross Profit	1,254	2,631	3,637	4,248	2,832
Selling, General & Admin	820.68	733.01	790.91	821.65	763.61
Research & Development	387.44	379.51	347.89	294.39	282.81
Other Operating Expenses	199.19	223.2	256	266.34	197.05
Operating Expenses	1,407	1,341	1,414	1,371	1,241
Operating Income	-153.74	1,290	2,223	2,877	1,591
Interest Expense	-	-54.23	-65.83	-89.47	-97.71
Interest & Investment Income	125.64	198.16	179.05	166.12	111.08
Other Non Operating Income (Expenses)	-102.56	-20.15	-65.5	-15.34	-21.8
EBT Excluding Unusual Items	-130.66	1,414	2,270	2,938	1,583
Gain (Loss) on Sale of Investments	1.99	2.83	1.85	-	-
Gain (Loss) on Sale of Assets	26.38	0.44	1.56	-18.52	-16.84
Asset Writedown	-89.93	-73.7	-	-	-8.91
Other Unusual Items	-	-72.05	3.1	1.28	-
Pretax Income	-192.22	1,272	2,277	2,921	1,557
Income Tax Expense	13.12	214.77	245.58	400.49	174.39
Earnings From Continuing Operations	-205.34	1,057	2,031	2,521	1,383
Minority Interest in Earnings	13.58	15.15	4.71	6.45	4.31
Net Income	-191.76	1,072	2,036	2,527	1,387
Net Income to Common	-191.76	1,072	2,036	2,527	1,387
Net Income Growth	-	-47.35%	-19.43%	82.17%	79.97%
Shares Outstanding (Basic)	1,200	1,200	1,200	1,200	1,200
Shares Outstanding (Diluted)	1,200	1,200	1,200	1,200	1,200
Shares Change (YoY)	-0.00%	-0.00%	0.01%	-0.01%	-0.01%
EPS (Basic)	-0.16	0.89	1.70	2.11	1.16
EPS (Diluted)	-0.16	0.89	1.70	2.11	1.16
EPS Growth	-	-47.35%	-19.44%	82.18%	79.98%
Free Cash Flow	-39.81	342.73	2,362	2,067	1,614
Free Cash Flow Per Share	-0.03	0.29	1.97	1.72	1.34
Dividend Per Share	-	0.470	0.850	1.000	0.500
Dividend Growth	-	-44.71%	-15.00%	100.00%	51.52%
Gross Margin	22.66%	37.73%	46.71%	50.66%	41.96%
Operating Margin	-2.78%	18.50%	28.55%	34.31%	23.58%
Profit Margin	-3.47%	15.37%	26.15%	30.13%	20.55%
Free Cash Flow Margin	-0.72%	4.92%	30.34%	24.64%	23.91%
EBITDA	625.91	2,029	2,930	3,568	2,255
EBITDA Margin	11.31%	29.10%	37.63%	42.55%	33.40%
D&A For EBITDA	779.66	739.01	707.54	691.18	663.12
EBIT	-153.74	1,290	2,223	2,877	1,591
EBIT Margin	-2.78%	18.50%	28.55%	34.31%	23.58%
Effective Tax Rate	-	16.89%	10.79%	13.71%	11.20%
Revenue as Reported	-	6,972	7,786	8,393	6,749

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.