SHA:601100 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	10,856	9,325	8,926	8,167	9,295
Other Revenue	84.56	65.11	59.09	30.15	13.76
Revenue	10,941	9,390	8,985	8,197	9,309
Revenue Growth (YoY)	16.52%	4.51%	9.61%	-11.95%	18.51%
Cost of Revenue	6,498	5,421	5,290	4,927	5,278
Gross Profit	4,443	3,968	3,695	3,269	4,031
Selling, General & Admin	903.81	808.86	575.88	398.9	338.81
Research & Development	705	727.65	694.37	649.95	636.06
Other Operating Expenses	37.29	11.54	9.58	66.82	77.85
Operating Expenses	1,675	1,555	1,287	1,115	1,062
Operating Income	2,768	2,413	2,408	2,154	2,969
Interest Expense	-0.8	-11.71	-7.68	-16.49	-29.41
Interest & Investment Income	343.74	216.24	290.72	87.61	46.34
Currency Exchange Gain (Loss)	-169.49	-70.34	93.01	278.52	-95.87
Other Non Operating Income (Expenses)	-6.25	-6.67	-5.99	-3.47	-2.19
EBT Excluding Unusual Items	2,935	2,540	2,778	2,500	2,888
Gain (Loss) on Sale of Investments	92.4	202.04	0.73	7.35	10.32
Gain (Loss) on Sale of Assets	0.08	0.23	0.28	0.28	-1.21
Asset Writedown	-0.43	-0.24	-0.19	-0.33	-
Other Unusual Items	4.88	58.06	51.3	121.02	171.19
Pretax Income	3,032	2,800	2,830	2,629	3,068
Income Tax Expense	292.3	288.1	326.3	279.82	369.27
Earnings From Continuing Operations	2,740	2,512	2,504	2,349	2,699
Minority Interest in Earnings	-5.59	-3.67	-5.02	-6.13	-5.46
Net Income	2,734	2,509	2,499	2,343	2,694
Net Income to Common	2,734	2,509	2,499	2,343	2,694
Net Income Growth	8.98%	0.40%	6.66%	-13.03%	19.51%
Shares Outstanding (Basic)	1,340	1,342	1,343	1,309	1,308
Shares Outstanding (Diluted)	1,340	1,342	1,343	1,309	1,308
Shares Change (YoY)	-0.10%	-0.14%	2.65%	0.09%	0.36%
EPS (Basic)	2.04	1.87	1.86	1.79	2.06
EPS (Diluted)	2.04	1.87	1.86	1.79	2.06
EPS Growth	9.09%	0.54%	3.91%	-13.11%	19.07%
Free Cash Flow	886.75	1,408	1,311	1,265	2,233
Free Cash Flow Per Share	0.66	1.05	0.98	0.97	1.71
Dividend Per Share	0.860	0.700	0.700	0.620	0.730
Dividend Growth	22.86%	-	12.90%	-15.07%	21.67%
Gross Margin	40.61%	42.26%	41.12%	39.89%	43.30%
Operating Margin	25.30%	25.70%	26.80%	26.28%	31.89%
Profit Margin	24.99%	26.72%	27.81%	28.58%	28.93%
Free Cash Flow Margin	8.11%	14.99%	14.59%	15.43%	23.99%
EBITDA	3,291	2,835	2,816	2,543	3,370
EBITDA Margin	30.08%	30.20%	31.34%	31.03%	36.20%
D&A For EBITDA	522.75	422.54	407.73	389.25	400.46
EBIT	2,768	2,413	2,408	2,154	2,969
EBIT Margin	25.30%	25.70%	26.80%	26.28%	31.89%
Effective Tax Rate	9.64%	10.29%	11.53%	10.64%	12.04%
Revenue as Reported	10,941	9,390	8,985	8,197	9,309
Advertising Expenses	11.25	13.48	11.85	3.04	11.59

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