SHA:601112 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	7,202	4,439	5,124	5,267
Revenue Growth (YoY)	62.26%	-13.37%	-2.72%	-
Cost of Revenue	5,565	3,279	3,788	4,010
Gross Profit	1,637	1,159	1,336	1,258
Selling, General & Admin	296.26	238.48	216.11	168.79
Research & Development	236.15	160.58	170.02	162.29
Other Operating Expenses	14.48	1.53	-42.46	-13.77
Operating Expenses	546.89	422.54	332.3	345.46
Operating Income	1,090	736.85	1,004	912.33
Interest Expense	-	-125.65	-141.91	-99.37
Interest & Investment Income	5.46	27.59	34.35	43.21
Currency Exchange Gain (Loss)	-	81.04	24.31	76.93
Other Non Operating Income (Expenses)	-224.64	-4.84	-1.01	-4.23
EBT Excluding Unusual Items	871.28	714.99	919.68	928.87
Gain (Loss) on Sale of Investments	-0.56	1.61	-4.48	-2.07
Gain (Loss) on Sale of Assets	0.07	0.24	0.13	0.96
Asset Writedown	-15.79	-0.42	-0.15	-0.11
Pretax Income	854.99	716.42	915.18	927.65
Income Tax Expense	120.57	106.37	121.79	146.21
Earnings From Continuing Operations	734.42	610.05	793.39	781.44
Minority Interest in Earnings	-0.47	-1.83	-3.23	-7
Net Income	733.95	608.22	790.16	774.45
Net Income to Common	733.95	608.22	790.16	774.45
Net Income Growth	20.67%	-23.03%	2.03%	-
Shares Outstanding (Basic)	1,468	1,483	1,295	922
Shares Outstanding (Diluted)	1,468	1,483	1,295	922
Shares Change (YoY)	-1.05%	14.52%	40.50%	-
EPS (Basic)	0.50	0.41	0.61	0.84
EPS (Diluted)	0.50	0.41	0.61	0.84
EPS Growth	21.95%	-32.79%	-27.38%	-
Free Cash Flow	-159.53	-825.03	-1,178	-731.89
Free Cash Flow Per Share	-0.11	-0.56	-0.91	-0.79
Gross Margin	22.73%	26.12%	26.08%	23.88%
Operating Margin	15.14%	16.60%	19.59%	17.32%
Profit Margin	10.19%	13.70%	15.42%	14.70%
Free Cash Flow Margin	-2.21%	-18.59%	-22.99%	-13.89%
EBITDA	1,450	938.97	1,173	1,069
EBITDA Margin	20.13%	21.15%	22.89%	20.29%
D&A For EBITDA	359.12	202.12	169.08	156.3
EBIT	1,090	736.85	1,004	912.33
EBIT Margin	15.14%	16.60%	19.59%	17.32%
Effective Tax Rate	14.10%	14.85%	13.31%	15.76%
Advertising Expenses	-	5.46	2.96	3.3

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