SHA:601019 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	10,976	10,945	11,478	11,611	10,951	10,537
Other Revenue	234.73	234.73	241.41	543.35	263.61	353.5
Revenue	11,210	11,180	11,719	12,154	11,215	10,891
Revenue Growth (YoY)	-4.40%	-4.60%	-3.58%	8.38%	2.98%	11.70%
Cost of Revenue	7,280	7,218	7,436	7,761	7,039	6,951
Gross Profit	3,931	3,962	4,283	4,393	4,176	3,940
Selling, General & Admin	2,805	2,831	2,818	2,800	2,565	2,458
Research & Development	25.56	25.95	24.39	20.53	17.02	15.1
Other Operating Expenses	50.09	51.42	51.04	57.43	49.67	32.88
Operating Expenses	2,977	3,005	2,997	2,941	2,737	2,565
Operating Income	953.32	957.45	1,286	1,452	1,439	1,375
Interest Expense	-7.56	-7.56	-9.17	-8.57	-8.16	-8.41
Interest & Investment Income	190.97	190.97	224.52	211.44	137.63	110.45
Currency Exchange Gain (Loss)	2.73	2.73	-3.29	-0.17	-11.52	-1.65
Other Non Operating Income (Expenses)	-37.82	-31.79	-34.51	-30.6	-67.37	-51.54
EBT Excluding Unusual Items	1,102	1,112	1,464	1,625	1,489	1,423
Impairment of Goodwill	-	-	-	-	-	-7.21
Gain (Loss) on Sale of Investments	16.84	15.7	14.81	14.85	16.56	60.91
Gain (Loss) on Sale of Assets	3.75	5.4	11.17	335.71	105.12	-0.98
Asset Writedown	14.52	-	-	-5.76	-	-
Other Unusual Items	39.71	39.71	52.79	128.19	57.96	57.03
Pretax Income	1,177	1,173	1,543	2,098	1,669	1,533
Income Tax Expense	2.25	2.66	275.76	-274.21	2.98	8.28
Earnings From Continuing Operations	1,174	1,170	1,267	2,372	1,666	1,525
Minority Interest in Earnings	4.58	3.98	2.99	4.05	14.39	7.82
Net Income	1,179	1,174	1,270	2,376	1,680	1,533
Net Income to Common	1,179	1,174	1,270	2,376	1,680	1,533
Net Income Growth	-14.72%	-7.56%	-46.54%	41.38%	9.63%	9.36%
Shares Outstanding (Basic)	2,071	2,096	2,082	2,084	2,075	2,100
Shares Outstanding (Diluted)	2,071	2,096	2,082	2,084	2,075	2,100
Shares Change (YoY)	-1.12%	0.69%	-0.10%	0.46%	-1.19%	0.37%
EPS (Basic)	0.57	0.56	0.61	1.14	0.81	0.73
EPS (Diluted)	0.57	0.56	0.61	1.14	0.81	0.73
EPS Growth	-13.76%	-8.20%	-46.49%	40.74%	10.96%	8.96%
Free Cash Flow	825.69	1,366	564.72	1,900	1,714	1,608
Free Cash Flow Per Share	0.40	0.65	0.27	0.91	0.83	0.77
Dividend Per Share	0.350	0.350	0.310	0.560	0.390	0.350
Dividend Growth	12.90%	12.90%	-44.64%	43.59%	11.43%	9.38%
Gross Margin	35.06%	35.44%	36.55%	36.14%	37.23%	36.18%
Operating Margin	8.50%	8.56%	10.98%	11.95%	12.83%	12.62%
Profit Margin	10.52%	10.50%	10.84%	19.55%	14.98%	14.07%
Free Cash Flow Margin	7.36%	12.22%	4.82%	15.64%	15.28%	14.77%
EBITDA	1,241	1,247	1,585	1,728	1,691	1,595
EBITDA Margin	11.07%	11.15%	13.52%	14.22%	15.08%	14.64%
D&A For EBITDA	287.51	289.69	298.41	275.6	252.24	219.9
EBIT	953.32	957.45	1,286	1,452	1,439	1,375
EBIT Margin	8.50%	8.56%	10.98%	11.95%	12.83%	12.62%
Effective Tax Rate	0.19%	0.23%	17.87%	-	0.18%	0.54%
Revenue as Reported	11,180	11,180	11,719	12,154	11,215	10,891
Advertising Expenses	-	262.73	270.54	246.93	194.21	154.76

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