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	Jun '26 Jun 30, 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	10,540	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	10,775	11,180	11,719	12,154	11,215	10,891
Revenue Growth	-0.10%	-4.60%	-3.58%	8.38%	2.98%	11.70%
Cost of Revenue	6,876	7,218	7,436	7,761	7,039	6,951
Gross Profit	3,899	3,962	4,283	4,393	4,176	3,940
Selling, General & Admin	2,809	2,831	2,818	2,800	2,565	2,458
Research & Development	28.66	25.95	24.39	20.53	17.02	15.1
Other Operating Expenses	67.66	51.42	51.04	57.43	49.67	32.88
Operating Expenses	3,002	3,005	2,997	2,941	2,737	2,565
Operating Income	896.71	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	196.49	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)	-17.64	-31.79	-34.51	-30.6	-67.37	-51.54
EBT Excluding Unusual Items	1,071	1,112	1,464	1,625	1,489	1,423
Impairment of Goodwill	-	-	-	-	-	-7.21
Gain (Loss) on Sale of Investments	15.35	15.7	14.81	14.85	16.56	60.91
Gain (Loss) on Sale of Assets	4	5.4	11.17	335.71	105.12	-0.98
Asset Writedown	10.35	-	-	-5.76	-	-
Other Unusual Items	39.71	39.71	52.79	128.19	57.96	57.03
Pretax Income	1,140	1,173	1,543	2,098	1,669	1,533
Income Tax Expense	2.33	2.66	275.76	-274.21	2.98	8.28
Earnings From Continuing Operations	1,138	1,170	1,267	2,372	1,666	1,525
Minority Interest in Earnings	4.54	3.98	2.99	4.05	14.39	7.82
Net Income	1,142	1,174	1,270	2,376	1,680	1,533
Net Income to Common	1,142	1,174	1,270	2,376	1,680	1,533
Net Income Growth	-3.64%	-7.56%	-46.54%	41.38%	9.63%	9.36%
Shares Outstanding (Basic)	2,079	2,096	2,082	2,084	2,075	2,100
Shares Outstanding (Diluted)	2,079	2,096	2,082	2,084	2,075	2,100
Shares Change	-0.09%	0.69%	-0.10%	0.46%	-1.19%	0.37%
EPS (Basic)	0.55	0.56	0.61	1.14	0.81	0.73
EPS (Diluted)	0.55	0.56	0.61	1.14	0.81	0.73
EPS Growth	-3.56%	-8.20%	-46.49%	40.74%	10.96%	8.96%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	645.42	1,366	564.72	1,900	1,714	1,608
Free Cash Flow Per Share	0.31	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	36.19%	35.44%	36.55%	36.14%	37.23%	36.18%
Operating Margin	8.32%	8.56%	10.98%	11.95%	12.83%	12.62%
Profit Margin	10.60%	10.50%	10.84%	19.55%	14.98%	14.07%
Free Cash Flow Margin	5.99%	12.22%	4.82%	15.64%	15.28%	14.77%
EBITDA	1,184	1,247	1,585	1,728	1,691	1,595
EBITDA Margin	10.99%	11.15%	13.52%	14.22%	15.08%	14.64%
D&A For EBITDA	287.48	289.69	298.41	275.6	252.24	219.9
EBIT	896.71	957.45	1,286	1,452	1,439	1,375
EBIT Margin	8.32%	8.56%	10.98%	11.95%	12.83%	12.62%
Effective Tax Rate	0.21%	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