SHA:600989 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	50,285	47,819	32,804	28,892	28,257	23,222
Other Revenue	218.41	218.41	179.06	243.7	172.9	77.68
Revenue	50,504	48,038	32,983	29,136	28,430	23,300
Revenue Growth (YoY)	42.16%	45.64%	13.21%	2.48%	22.02%	46.28%
Cost of Revenue	32,112	30,788	22,050	20,279	19,118	13,480
Gross Profit	18,392	17,250	10,933	8,857	9,312	9,820
Selling, General & Admin	1,461	1,439	992.29	854.51	714.05	643.52
Research & Development	986.76	961.15	756.14	431.07	150.85	132.54
Other Operating Expenses	416.3	372.4	641.15	454.2	406.42	348.59
Operating Expenses	2,888	2,773	2,390	1,739	1,272	1,125
Operating Income	15,504	14,477	8,543	7,117	8,040	8,696
Interest Expense	-884.45	-926.38	-712.69	-286.79	-149.99	-173.11
Interest & Investment Income	393.07	399.46	40.83	54.62	25.43	48.46
Currency Exchange Gain (Loss)	-1.09	-1.09	-0.24	2.78	0.68	-1.79
Other Non Operating Income (Expenses)	-138.57	-260.03	-70.52	-72.88	-109.75	-442.93
EBT Excluding Unusual Items	14,905	13,689	7,801	6,815	7,807	8,126
Gain (Loss) on Sale of Investments	384.68	-	-	-	-	-0.04
Gain (Loss) on Sale of Assets	3.48	2.45	0.65	-77.56	-101.59	-34.66
Asset Writedown	-130.58	-110.63	-115.58	-	-	-
Other Unusual Items	-744.52	-592.76	-399.33	-270.57	-397.78	29.26
Pretax Income	14,418	12,988	7,286	6,467	7,307	8,121
Income Tax Expense	1,843	1,638	948.65	816.17	1,005	1,050
Net Income	12,574	11,350	6,338	5,651	6,303	7,070
Preferred Dividends & Other Adjustments	14.46	14.46	6.17	-	-	-
Net Income to Common	12,560	11,336	6,332	5,651	6,303	7,070
Net Income Growth	71.00%	79.09%	12.16%	-10.34%	-10.86%	52.95%
Shares Outstanding (Basic)	7,265	7,280	7,314	7,314	7,314	7,321
Shares Outstanding (Diluted)	7,270	7,285	7,314	7,314	7,314	7,321
Shares Change (YoY)	-0.28%	-0.39%	0.00%	-	-0.10%	-0.17%
EPS (Basic)	1.73	1.56	0.87	0.77	0.86	0.97
EPS (Diluted)	1.73	1.56	0.87	0.77	0.86	0.97
EPS Growth	71.55%	79.86%	12.43%	-10.46%	-10.95%	53.30%
Free Cash Flow	12,577	10,208	-2,631	-4,150	-3,351	1,131
Free Cash Flow Per Share	1.73	1.40	-0.36	-0.57	-0.46	0.15
Dividend Per Share	0.772	0.772	0.460	0.280	0.280	0.321
Dividend Growth	67.92%	67.92%	64.21%	-	-12.77%	14.64%
Gross Margin	36.42%	35.91%	33.15%	30.40%	32.75%	42.15%
Operating Margin	30.70%	30.14%	25.90%	24.43%	28.28%	37.32%
Profit Margin	24.87%	23.60%	19.20%	19.39%	22.17%	30.34%
Free Cash Flow Margin	24.90%	21.25%	-7.98%	-14.24%	-11.79%	4.85%
EBITDA	18,724	17,483	10,692	8,905	9,439	10,008
EBITDA Margin	37.08%	36.39%	32.42%	30.56%	33.20%	42.95%
D&A For EBITDA	3,220	3,006	2,149	1,788	1,399	1,313
EBIT	15,504	14,477	8,543	7,117	8,040	8,696
EBIT Margin	30.70%	30.14%	25.90%	24.43%	28.28%	37.32%
Effective Tax Rate	12.79%	12.61%	13.02%	12.62%	13.75%	12.93%
Revenue as Reported	50,504	48,038	32,983	29,136	28,430	23,300
Advertising Expenses	-	-	-	-	5.32	8.79

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