SHA:601137 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	21,143	20,446	18,465	17,450	13,127	9,841
Other Revenue	306.82	306.82	189.91	306.2	321.19	197.17
Revenue	21,450	20,753	18,655	17,756	13,448	10,038
Revenue Growth (YoY)	12.12%	11.25%	5.06%	32.04%	33.97%	32.27%
Cost of Revenue	19,312	18,362	15,659	14,739	11,724	8,817
Gross Profit	2,138	2,390	2,996	3,017	1,724	1,221
Selling, General & Admin	912.65	885.69	774.59	799.27	523.56	434.4
Research & Development	481.36	474.97	471.62	443.91	342.86	308.79
Other Operating Expenses	-82.7	-85.41	-23.68	-7.2	22.59	28.25
Operating Expenses	1,373	1,303	1,246	1,266	899.74	824.46
Operating Income	764.49	1,088	1,750	1,751	824.24	396.85
Interest Expense	-284.09	-205.68	-188.71	-148.33	-146.86	-109.56
Interest & Investment Income	13.82	14.1	31.68	5.72	4.01	3.39
Currency Exchange Gain (Loss)	17.53	17.53	103.08	92.81	141.79	-16.87
Other Non Operating Income (Expenses)	-16.11	-18.88	-13.98	-14.2	-14.5	-6.6
EBT Excluding Unusual Items	495.65	894.63	1,682	1,687	808.69	267.22
Impairment of Goodwill	-0.19	-0.19	-0.11	-0.24	-0.26	-
Gain (Loss) on Sale of Investments	-49.26	-28.47	7.14	-51.5	-32.14	0.44
Gain (Loss) on Sale of Assets	-3.58	-3.08	-1.93	-9.61	-15.38	-0.56
Asset Writedown	-721.81	-721.81	-164.12	-373.03	-194.09	-
Other Unusual Items	23.74	23.74	23.17	32.84	33.55	70.96
Pretax Income	-255.45	164.83	1,546	1,286	600.37	338.06
Income Tax Expense	27.8	39.93	192.55	162.08	63.13	27.81
Earnings From Continuing Operations	-283.25	124.89	1,354	1,124	537.24	310.25
Net Income	-283.25	124.89	1,354	1,124	537.24	310.25
Net Income to Common	-283.25	124.89	1,354	1,124	537.24	310.25
Net Income Growth	-	-90.77%	20.47%	109.14%	73.16%	-27.66%
Shares Outstanding (Basic)	858	833	782	786	790	796
Shares Outstanding (Diluted)	858	833	862	786	790	796
Shares Change (YoY)	-3.50%	-3.42%	9.72%	-0.55%	-0.69%	5.72%
EPS (Basic)	-0.33	0.15	1.73	1.43	0.68	0.39
EPS (Diluted)	-0.33	0.15	1.57	1.43	0.68	0.39
EPS Growth	-	-90.45%	9.79%	110.29%	74.36%	-31.58%
Free Cash Flow	-1,773	-2,512	-409.01	565.46	-410.03	-875.43
Free Cash Flow Per Share	-2.07	-3.02	-0.47	0.72	-0.52	-1.10
Dividend Per Share	0.041	0.041	0.501	0.450	0.210	0.120
Dividend Growth	-91.82%	-91.82%	11.33%	114.29%	75.00%	-29.41%
Gross Margin	9.97%	11.52%	16.06%	16.99%	12.82%	12.17%
Operating Margin	3.56%	5.24%	9.38%	9.86%	6.13%	3.95%
Profit Margin	-1.32%	0.60%	7.26%	6.33%	4.00%	3.09%
Free Cash Flow Margin	-8.27%	-12.11%	-2.19%	3.19%	-3.05%	-8.72%
EBITDA	1,217	1,542	2,213	2,185	1,170	686.7
EBITDA Margin	5.67%	7.43%	11.86%	12.30%	8.70%	6.84%
D&A For EBITDA	452.32	454.45	462.96	433.46	346.19	289.86
EBIT	764.49	1,088	1,750	1,751	824.24	396.85
EBIT Margin	3.56%	5.24%	9.38%	9.86%	6.13%	3.95%
Effective Tax Rate	-	24.23%	12.45%	12.61%	10.51%	8.23%
Revenue as Reported	21,450	20,753	18,655	17,756	13,448	10,038
Advertising Expenses	-	20.04	11.85	13.17	10.12	5.31

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