SHA:601100 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	11,644	10,856	9,325	8,926	8,167	9,295
Other Revenue	84.56	84.56	65.11	59.09	30.15	13.76
Revenue	11,729	10,941	9,390	8,985	8,197	9,309
Revenue Growth (YoY)	24.11%	16.52%	4.51%	9.61%	-11.95%	18.51%
Cost of Revenue	7,002	6,498	5,421	5,290	4,927	5,278
Gross Profit	4,727	4,443	3,968	3,695	3,269	4,031
Selling, General & Admin	944.21	903.81	808.86	575.88	398.9	338.81
Research & Development	739.14	705	727.65	694.37	649.95	636.06
Other Operating Expenses	39.48	37.29	11.54	9.58	66.82	77.85
Operating Expenses	1,765	1,675	1,555	1,287	1,115	1,062
Operating Income	2,962	2,768	2,413	2,408	2,154	2,969
Interest Expense	-1.06	-0.8	-11.71	-7.68	-16.49	-29.41
Interest & Investment Income	340.5	343.74	216.24	290.72	87.61	46.34
Currency Exchange Gain (Loss)	-169.49	-169.49	-70.34	93.01	278.52	-95.87
Other Non Operating Income (Expenses)	-373.14	-6.25	-6.67	-5.99	-3.47	-2.19
EBT Excluding Unusual Items	2,759	2,935	2,540	2,778	2,500	2,888
Gain (Loss) on Sale of Investments	282.37	92.4	202.04	0.73	7.35	10.32
Gain (Loss) on Sale of Assets	1.32	0.08	0.23	0.28	0.28	-1.21
Asset Writedown	-0.59	-0.43	-0.24	-0.19	-0.33	-
Other Unusual Items	7.85	4.88	58.06	51.3	121.02	171.19
Pretax Income	3,050	3,032	2,800	2,830	2,629	3,068
Income Tax Expense	275.63	292.3	288.1	326.3	279.82	369.27
Earnings From Continuing Operations	2,774	2,740	2,512	2,504	2,349	2,699
Minority Interest in Earnings	-5.52	-5.59	-3.67	-5.02	-6.13	-5.46
Net Income	2,769	2,734	2,509	2,499	2,343	2,694
Net Income to Common	2,769	2,734	2,509	2,499	2,343	2,694
Net Income Growth	9.67%	8.98%	0.40%	6.66%	-13.03%	19.51%
Shares Outstanding (Basic)	1,337	1,340	1,342	1,343	1,309	1,308
Shares Outstanding (Diluted)	1,337	1,340	1,342	1,343	1,309	1,308
Shares Change (YoY)	-0.41%	-0.10%	-0.14%	2.65%	0.09%	0.36%
EPS (Basic)	2.07	2.04	1.87	1.86	1.79	2.06
EPS (Diluted)	2.07	2.04	1.87	1.86	1.79	2.06
EPS Growth	10.13%	9.09%	0.54%	3.91%	-13.11%	19.07%
Free Cash Flow	1,284	886.75	1,408	1,311	1,265	2,233
Free Cash Flow Per Share	0.96	0.66	1.05	0.98	0.97	1.71
Dividend Per Share	0.860	0.860	0.700	0.700	0.620	0.730
Dividend Growth	22.86%	22.86%	-	12.90%	-15.07%	21.67%
Gross Margin	40.30%	40.61%	42.26%	41.12%	39.89%	43.30%
Operating Margin	25.25%	25.30%	25.70%	26.80%	26.28%	31.89%
Profit Margin	23.61%	24.99%	26.72%	27.81%	28.58%	28.93%
Free Cash Flow Margin	10.95%	8.11%	14.99%	14.59%	15.43%	23.99%
EBITDA	3,510	3,291	2,835	2,816	2,543	3,370
EBITDA Margin	29.93%	30.08%	30.20%	31.34%	31.03%	36.20%
D&A For EBITDA	547.8	522.75	422.54	407.73	389.25	400.46
EBIT	2,962	2,768	2,413	2,408	2,154	2,969
EBIT Margin	25.25%	25.30%	25.70%	26.80%	26.28%	31.89%
Effective Tax Rate	9.04%	9.64%	10.29%	11.53%	10.64%	12.04%
Revenue as Reported	11,729	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.