SHA:601126 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	7,977	6,938	5,737	5,066	4,286	3,852
Other Revenue	12.55	12.55	14.2	12.71	12.47	11.3
Revenue	7,989	6,951	5,751	5,078	4,298	3,863
Revenue Growth (YoY)	20.91%	20.86%	13.24%	18.15%	11.26%	4.94%
Cost of Revenue	5,598	4,729	3,835	3,481	2,787	2,475
Gross Profit	2,391	2,221	1,916	1,598	1,511	1,389
Selling, General & Admin	854.84	828.97	751.74	642.41	637.81	618.85
Research & Development	670.67	653.87	538.93	422.82	444.65	417
Other Operating Expenses	-55.73	-61.66	-65.37	-46.68	-58.23	-52.12
Operating Expenses	1,549	1,487	1,250	1,013	1,040	1,039
Operating Income	842.22	734.37	666.38	585.27	470.76	349.75
Interest Expense	-0.05	-0.28	-0.64	-0.98	-1.3	-
Interest & Investment Income	68.31	72.14	66.5	54.66	46.78	110.69
Currency Exchange Gain (Loss)	0.96	0.96	1.28	4.38	-2.75	-4.42
Other Non Operating Income (Expenses)	-21.93	-3.41	-0.07	-5.79	-5.26	-3.05
EBT Excluding Unusual Items	889.51	803.78	733.45	637.54	508.24	452.96
Gain (Loss) on Sale of Investments	9.11	-0.43	-	-0.95	-	-
Gain (Loss) on Sale of Assets	1.22	0.05	0.15	0.14	0.73	-0.12
Asset Writedown	-23.19	-	-	-	-	-68.72
Other Unusual Items	30.96	20.37	1.61	17.33	24.6	27.22
Pretax Income	907.62	823.78	735.2	654.07	533.56	411.34
Income Tax Expense	98.52	107.94	107.3	110.37	81.14	73.98
Earnings From Continuing Operations	809.1	715.83	627.9	543.7	452.43	337.36
Minority Interest in Earnings	1.33	-0.25	-0.69	-0.48	-0.54	6.59
Net Income	810.43	715.59	627.21	543.21	451.89	343.95
Net Income to Common	810.43	715.59	627.21	543.21	451.89	343.95
Net Income Growth	13.36%	14.09%	15.46%	20.21%	31.38%	83.07%
Shares Outstanding (Basic)	827	823	836	811	807	800
Shares Outstanding (Diluted)	827	823	836	811	807	800
Shares Change (YoY)	-1.81%	-1.65%	3.15%	0.47%	0.88%	2.18%
EPS (Basic)	0.98	0.87	0.75	0.67	0.56	0.43
EPS (Diluted)	0.98	0.87	0.75	0.67	0.56	0.43
EPS Growth	15.45%	16.00%	11.94%	19.64%	30.23%	79.17%
Free Cash Flow	918.57	1,087	1,105	634.69	625.7	946.02
Free Cash Flow Per Share	1.11	1.32	1.32	0.78	0.78	1.18
Dividend Per Share	0.720	0.720	0.600	0.615	0.500	0.980
Dividend Growth	20.00%	20.00%	-2.44%	23.00%	-48.98%	450.56%
Gross Margin	29.93%	31.96%	33.32%	31.46%	35.15%	35.95%
Operating Margin	10.54%	10.56%	11.59%	11.52%	10.95%	9.05%
Profit Margin	10.14%	10.29%	10.91%	10.70%	10.51%	8.90%
Free Cash Flow Margin	11.50%	15.64%	19.21%	12.50%	14.56%	24.49%
EBITDA	929.41	825.98	763.9	669.62	562.77	470.18
EBITDA Margin	11.63%	11.88%	13.28%	13.18%	13.09%	12.17%
D&A For EBITDA	87.19	91.61	97.52	84.35	92.01	120.43
EBIT	842.22	734.37	666.38	585.27	470.76	349.75
EBIT Margin	10.54%	10.56%	11.59%	11.52%	10.95%	9.05%
Effective Tax Rate	10.85%	13.10%	14.59%	16.87%	15.21%	17.98%
Revenue as Reported	7,989	6,951	5,751	5,078	4,298	3,863
Advertising Expenses	-	3.67	16.1	14.98	20.38	16.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.