SHA:601068 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	Jan '22 Jan 1, 2022
Operating Revenue	22,392	22,879	23,788	22,098	23,422	23,623
Other Revenue	180.72	180.72	215.61	238.74	275.63	275.94
Revenue	22,573	23,060	24,003	22,337	23,697	23,899
Revenue Growth (YoY)	-5.24%	-3.93%	7.46%	-5.74%	-0.84%	3.79%
Cost of Revenue	19,345	19,920	21,076	20,740	20,686	21,104
Gross Profit	3,228	3,140	2,927	1,597	3,011	2,795
Selling, General & Admin	1,205	1,216	1,127	1,280	1,219	1,184
Research & Development	956.49	956.97	961.03	943.31	912.07	785.5
Other Operating Expenses	106.58	111.77	107.77	114.36	112.07	112.66
Operating Expenses	2,424	2,425	2,475	4,026	2,680	2,730
Operating Income	804.32	715	452.72	-2,429	331.31	64.61
Interest Expense	-263.7	-269.32	-361.84	-416.08	-514.42	-559.97
Interest & Investment Income	83.14	79.53	144.3	174.95	331.81	124.74
Currency Exchange Gain (Loss)	-66.72	-66.72	119.7	81.5	103.64	-60.34
Other Non Operating Income (Expenses)	-128.1	-63.55	-22.48	-199.56	47.05	-449.02
EBT Excluding Unusual Items	428.93	394.93	332.4	-2,788	299.39	-879.98
Gain (Loss) on Sale of Investments	-54.36	-54.57	4.84	0.51	-	-54.54
Gain (Loss) on Sale of Assets	0.27	28.49	0.1	-1.97	0.84	3.37
Asset Writedown	5.38	-0.36	3.35	-140.91	-1.67	-5.27
Legal Settlements	-7.42	-7.42	-10.94	-21.53	-	-
Other Unusual Items	93.11	93.11	107.14	6.98	-13.59	-
Pretax Income	465.91	454.19	436.9	-2,945	284.98	-936.42
Income Tax Expense	75.14	73.29	168.59	-110.87	80.14	106.04
Earnings From Continuing Operations	390.78	380.9	268.31	-2,834	204.83	-1,042
Minority Interest in Earnings	-123.26	-123.29	-47.13	176.06	-92.38	-27.96
Net Income	267.52	257.61	221.18	-2,658	112.46	-1,070
Preferred Dividends & Other Adjustments	148.83	148.83	165	126.12	123.19	132.58
Net Income to Common	118.68	108.77	56.18	-2,784	-10.73	-1,203
Net Income Growth	46.17%	16.47%	-	-	-	-
Shares Outstanding (Basic)	2,290	2,988	2,957	3,100	2,981	2,959
Shares Outstanding (Diluted)	2,290	2,988	2,988	3,100	2,981	2,959
Shares Change (YoY)	-31.91%	-0.00%	-3.59%	3.98%	0.74%	-
EPS (Basic)	0.05	0.04	0.02	-0.90	-0.00	-0.41
EPS (Diluted)	0.05	0.04	0.02	-0.90	-0.00	-0.41
EPS Growth	867.52%	93.62%	-	-	-	-
Free Cash Flow	795.84	792.78	-2,775	671.08	-3,938	-4,018
Free Cash Flow Per Share	0.35	0.27	-0.93	0.22	-1.32	-1.36
Gross Margin	14.30%	13.61%	12.20%	7.15%	12.71%	11.70%
Operating Margin	3.56%	3.10%	1.89%	-10.87%	1.40%	0.27%
Profit Margin	0.53%	0.47%	0.23%	-12.46%	-0.04%	-5.03%
Free Cash Flow Margin	3.53%	3.44%	-11.56%	3.00%	-16.62%	-16.81%
EBITDA	998.76	910.78	653.87	-2,229	541.95	290.08
EBITDA Margin	4.42%	3.95%	2.72%	-9.98%	2.29%	1.21%
D&A For EBITDA	194.44	195.78	201.15	199.62	210.64	225.47
EBIT	804.32	715	452.72	-2,429	331.31	64.61
EBIT Margin	3.56%	3.10%	1.89%	-10.87%	1.40%	0.27%
Effective Tax Rate	16.13%	16.14%	38.59%	-	28.12%	-
Revenue as Reported	-	-	-	22,337	23,697	-
Advertising Expenses	-	5.25	1.45	4.51	-	-

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