SHA:601138 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	991,887	901,224	608,215	474,930	510,534	438,345
Other Revenue	1,663	1,663	920.8	1,410	1,316	1,212
Revenue	993,550	902,887	609,135	476,340	511,850	439,557
Revenue Growth (YoY)	52.65%	48.22%	27.88%	-6.94%	16.45%	1.80%
Cost of Revenue	924,587	841,577	566,116	438,693	475,964	403,868
Gross Profit	68,963	61,310	43,019	37,648	35,886	35,689
Selling, General & Admin	7,181	7,098	6,160	5,224	4,896	5,078
Research & Development	11,128	11,039	10,481	10,652	11,361	10,392
Other Operating Expenses	816.78	656.76	662.56	380.73	486.12	595.88
Operating Expenses	19,250	19,004	17,384	16,158	16,585	15,946
Operating Income	49,713	42,306	25,635	21,489	19,301	19,743
Interest Expense	-3,778	-3,336	-2,327	-2,482	-1,482	-492.43
Interest & Investment Income	1,124	1,407	1,672	2,293	1,852	2,773
Currency Exchange Gain (Loss)	273.55	273.55	1,324	793.5	388.14	-458.35
Other Non Operating Income (Expenses)	199.18	-18.4	-14.14	-4.6	-2.01	-70.94
EBT Excluding Unusual Items	47,531	40,632	26,290	22,090	20,057	21,494
Gain (Loss) on Sale of Investments	-527.96	-375.77	-1,469	-402.52	-70.11	-481.48
Gain (Loss) on Sale of Assets	370.18	364	93.82	101.41	-13.17	13.59
Asset Writedown	-429.29	-15.26	-36.32	-	-	-10.74
Other Unusual Items	532.71	434	1,003	1,304	1,942	1,285
Pretax Income	47,480	41,042	25,974	23,124	21,963	22,318
Income Tax Expense	6,806	5,713	2,719	2,106	1,879	2,293
Earnings From Continuing Operations	40,674	35,329	23,255	21,018	20,084	20,025
Minority Interest in Earnings	-24.37	-43.5	-38.54	21.88	-10.82	-14.99
Net Income	40,650	35,286	23,216	21,040	20,073	20,010
Net Income to Common	40,650	35,286	23,216	21,040	20,073	20,010
Net Income Growth	67.54%	51.99%	10.34%	4.82%	0.32%	14.79%
Shares Outstanding (Basic)	19,791	19,823	19,843	19,849	19,679	19,812
Shares Outstanding (Diluted)	19,791	19,823	19,843	19,849	19,679	19,812
Shares Change (YoY)	-0.50%	-0.10%	-0.03%	0.86%	-0.67%	0.02%
EPS (Basic)	2.05	1.78	1.17	1.06	1.02	1.01
EPS (Diluted)	2.05	1.78	1.17	1.06	1.02	1.01
EPS Growth	68.38%	52.14%	10.38%	3.92%	0.99%	14.77%
Free Cash Flow	11,282	-11,992	12,539	33,894	7,272	2,689
Free Cash Flow Per Share	0.57	-0.60	0.63	1.71	0.37	0.14
Dividend Per Share	0.980	0.980	0.640	0.580	0.550	0.500
Dividend Growth	53.13%	53.13%	10.35%	5.46%	10.00%	100.00%
Gross Margin	6.94%	6.79%	7.06%	7.90%	7.01%	8.12%
Operating Margin	5.00%	4.69%	4.21%	4.51%	3.77%	4.49%
Profit Margin	4.09%	3.91%	3.81%	4.42%	3.92%	4.55%
Free Cash Flow Margin	1.14%	-1.33%	2.06%	7.12%	1.42%	0.61%
EBITDA	54,694	47,301	30,686	25,939	22,521	22,259
EBITDA Margin	5.50%	5.24%	5.04%	5.45%	4.40%	5.06%
D&A For EBITDA	4,981	4,995	5,051	4,449	3,220	2,516
EBIT	49,713	42,306	25,635	21,489	19,301	19,743
EBIT Margin	5.00%	4.69%	4.21%	4.51%	3.77%	4.49%
Effective Tax Rate	14.34%	13.92%	10.47%	9.11%	8.56%	10.27%
Revenue as Reported	993,550	902,887	609,135	476,340	511,850	439,557
Advertising Expenses	-	63.06	36.1	37.91	49.8	46.1

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