SHA:601126 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	8,181	6,938	5,737	5,066	4,286
Other Revenue	12.49	12.55	14.2	12.71	12.47
Revenue	8,193	6,951	5,751	5,078	4,298
Revenue Growth (YoY)	17.87%	20.86%	13.24%	18.15%	11.26%
Cost of Revenue	5,755	4,729	3,835	3,481	2,787
Gross Profit	2,439	2,221	1,916	1,598	1,511
Selling, General & Admin	846.7	828.97	751.74	642.41	637.81
Research & Development	705.05	653.87	538.93	422.82	444.65
Other Operating Expenses	-66.2	-61.66	-65.37	-46.68	-58.23
Operating Expenses	1,600	1,487	1,250	1,013	1,040
Operating Income	839.28	734.37	666.38	585.27	470.76
Interest Expense	-	-0.28	-0.64	-0.98	-1.3
Interest & Investment Income	66.15	72.14	66.5	54.66	46.78
Currency Exchange Gain (Loss)	-4.49	0.96	1.28	4.38	-2.75
Other Non Operating Income (Expenses)	4.71	-3.41	-0.07	-5.79	-5.26
EBT Excluding Unusual Items	905.65	803.78	733.45	637.54	508.24
Gain (Loss) on Sale of Investments	13.04	-0.43	-	-0.95	-
Gain (Loss) on Sale of Assets	0.89	0.05	0.15	0.14	0.73
Other Unusual Items	12.5	20.37	1.61	17.33	24.6
Pretax Income	932.07	823.78	735.2	654.07	533.56
Income Tax Expense	103.12	107.94	107.3	110.37	81.14
Earnings From Continuing Operations	828.94	715.83	627.9	543.7	452.43
Minority Interest in Earnings	0.03	-0.25	-0.69	-0.48	-0.54
Net Income	828.97	715.59	627.21	543.21	451.89
Net Income to Common	828.97	715.59	627.21	543.21	451.89
Net Income Growth	15.85%	14.09%	15.46%	20.21%	31.38%
Shares Outstanding (Basic)	829	823	836	811	807
Shares Outstanding (Diluted)	829	823	836	811	807
Shares Change (YoY)	0.78%	-1.65%	3.15%	0.47%	0.88%
EPS (Basic)	1.00	0.87	0.75	0.67	0.56
EPS (Diluted)	1.00	0.87	0.75	0.67	0.56
EPS Growth	14.94%	16.00%	11.94%	19.64%	30.23%
Free Cash Flow	1,015	1,087	1,105	634.69	625.7
Free Cash Flow Per Share	1.22	1.32	1.32	0.78	0.78
Dividend Per Share	0.720	0.720	0.600	0.615	0.500
Dividend Growth	-	20.00%	-2.44%	23.00%	-48.98%
Gross Margin	29.77%	31.96%	33.32%	31.46%	35.15%
Operating Margin	10.24%	10.56%	11.59%	11.52%	10.95%
Profit Margin	10.12%	10.29%	10.91%	10.70%	10.51%
Free Cash Flow Margin	12.39%	15.64%	19.21%	12.50%	14.56%
EBITDA	948.62	843.7	763.9	669.62	562.77
EBITDA Margin	11.58%	12.14%	13.28%	13.18%	13.09%
D&A For EBITDA	109.34	109.33	97.52	84.35	92.01
EBIT	839.28	734.37	666.38	585.27	470.76
EBIT Margin	10.24%	10.56%	11.59%	11.52%	10.95%
Effective Tax Rate	11.06%	13.10%	14.59%	16.87%	15.21%
Revenue as Reported	8,193	6,951	5,751	5,078	4,298
Advertising Expenses	1.02	3.67	16.1	14.98	20.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.