SHA:601126 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	8,511	8,181	6,938	5,737	5,066	4,286
Other Revenue	12.49	12.49	12.55	14.2	12.71	12.47
Revenue	8,523	8,193	6,951	5,751	5,078	4,298
Revenue Growth (YoY)	17.82%	17.87%	20.86%	13.24%	18.15%	11.26%
Cost of Revenue	5,988	5,755	4,729	3,835	3,481	2,787
Gross Profit	2,535	2,439	2,221	1,916	1,598	1,511
Selling, General & Admin	851.49	846.7	828.97	751.74	642.41	637.81
Research & Development	731.66	705.05	653.87	538.93	422.82	444.65
Other Operating Expenses	-65.53	-66.2	-61.66	-65.37	-46.68	-58.23
Operating Expenses	1,632	1,600	1,487	1,250	1,013	1,040
Operating Income	903.91	839.28	734.37	666.38	585.27	470.76
Interest Expense	-	-	-0.28	-0.64	-0.98	-1.3
Interest & Investment Income	64.12	66.15	72.14	66.5	54.66	46.78
Currency Exchange Gain (Loss)	-4.49	-4.49	0.96	1.28	4.38	-2.75
Other Non Operating Income (Expenses)	-9.74	4.71	-3.41	-0.07	-5.79	-5.26
EBT Excluding Unusual Items	953.8	905.65	803.78	733.45	637.54	508.24
Gain (Loss) on Sale of Investments	15.48	13.04	-0.43	-	-0.95	-
Gain (Loss) on Sale of Assets	0.86	0.89	0.05	0.15	0.14	0.73
Asset Writedown	-20.25	-	-	-	-	-
Other Unusual Items	12.5	12.5	20.37	1.61	17.33	24.6
Pretax Income	962.39	932.07	823.78	735.2	654.07	533.56
Income Tax Expense	104.03	103.12	107.94	107.3	110.37	81.14
Earnings From Continuing Operations	858.36	828.94	715.83	627.9	543.7	452.43
Minority Interest in Earnings	-0.22	0.03	-0.25	-0.69	-0.48	-0.54
Net Income	858.14	828.97	715.59	627.21	543.21	451.89
Net Income to Common	858.14	828.97	715.59	627.21	543.21	451.89
Net Income Growth	10.58%	15.85%	14.09%	15.46%	20.21%	31.38%
Shares Outstanding (Basic)	826	829	823	836	811	807
Shares Outstanding (Diluted)	826	829	823	836	811	807
Shares Change (YoY)	0.11%	0.78%	-1.65%	3.15%	0.47%	0.88%
EPS (Basic)	1.04	1.00	0.87	0.75	0.67	0.56
EPS (Diluted)	1.04	1.00	0.87	0.75	0.67	0.56
EPS Growth	10.46%	14.94%	16.00%	11.94%	19.64%	30.23%
Free Cash Flow	853.39	1,015	1,087	1,105	634.69	625.7
Free Cash Flow Per Share	1.03	1.22	1.32	1.32	0.78	0.78
Dividend Per Share	0.720	0.720	0.720	0.600	0.615	0.500
Dividend Growth	-	-	20.00%	-2.44%	23.00%	-48.98%
Gross Margin	29.75%	29.77%	31.96%	33.32%	31.46%	35.15%
Operating Margin	10.61%	10.24%	10.56%	11.59%	11.52%	10.95%
Profit Margin	10.07%	10.12%	10.29%	10.91%	10.70%	10.51%
Free Cash Flow Margin	10.01%	12.39%	15.64%	19.21%	12.50%	14.56%
EBITDA	1,013	948.62	843.7	763.9	669.62	562.77
EBITDA Margin	11.89%	11.58%	12.14%	13.28%	13.18%	13.09%
D&A For EBITDA	109.35	109.34	109.33	97.52	84.35	92.01
EBIT	903.91	839.28	734.37	666.38	585.27	470.76
EBIT Margin	10.61%	10.24%	10.56%	11.59%	11.52%	10.95%
Effective Tax Rate	10.81%	11.06%	13.10%	14.59%	16.87%	15.21%
Revenue as Reported	8,193	8,193	6,951	5,751	5,078	4,298
Advertising Expenses	-	1.02	3.67	16.1	14.98	20.38

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