SHA:601177 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	2,399	2,271	1,826	2,093	2,094
Other Revenue	-	29.58	56.59	103.52	46.4
Revenue	2,399	2,301	1,883	2,196	2,140
Revenue Growth (YoY)	4.29%	22.22%	-14.28%	2.62%	11.55%
Cost of Revenue	1,936	1,903	1,475	1,735	1,722
Gross Profit	463.19	398.12	407.53	460.61	418.03
Selling, General & Admin	214.77	198.55	210.79	238.49	238.84
Research & Development	137.11	122.34	122.95	132.17	106.57
Other Operating Expenses	-16.47	14.62	11.18	-15.44	13.81
Operating Expenses	335.41	343.21	345.63	357.47	356.95
Operating Income	127.78	54.91	61.9	103.14	61.08
Interest Expense	-	-33.76	-34.97	-38.53	-40.49
Interest & Investment Income	187.71	194.32	175.45	157.84	158.44
Currency Exchange Gain (Loss)	-	0.29	0.49	0.88	-0.9
Other Non Operating Income (Expenses)	-34.14	-0.62	-0.55	-2.15	-1.46
EBT Excluding Unusual Items	281.35	215.13	202.32	221.19	176.68
Gain (Loss) on Sale of Investments	0.1	0.02	1.27	-	-
Gain (Loss) on Sale of Assets	4.05	2.96	0.61	0.11	0.69
Asset Writedown	-21.94	-	-0.44	-	-1.11
Legal Settlements	-	-	-	-2	-
Other Unusual Items	-	28.87	17.11	0.08	25.47
Pretax Income	263.56	246.98	220.87	219.38	201.74
Income Tax Expense	-0.39	-1.71	3.31	1.31	7.13
Earnings From Continuing Operations	263.95	248.69	217.55	218.07	194.61
Minority Interest in Earnings	-10.42	-7.88	-6.09	-8.68	-44.65
Net Income	253.53	240.82	211.46	209.39	149.96
Net Income to Common	253.53	240.82	211.46	209.39	149.96
Net Income Growth	5.28%	13.88%	0.99%	39.63%	78.70%
Shares Outstanding (Basic)	401	400	400	400	400
Shares Outstanding (Diluted)	405	401	400	400	400
Shares Change (YoY)	1.19%	0.15%	-0.00%	-0.01%	0.03%
EPS (Basic)	0.63	0.60	0.53	0.52	0.37
EPS (Diluted)	0.63	0.60	0.53	0.52	0.37
EPS Growth	4.04%	13.71%	0.99%	39.65%	78.65%
Free Cash Flow	248.82	27.84	11.07	-74.96	141.97
Free Cash Flow Per Share	0.61	0.07	0.03	-0.19	0.35
Dividend Per Share	-	0.060	0.050	0.071	0.022
Dividend Growth	-	20.00%	-29.58%	222.73%	10.00%
Gross Margin	19.30%	17.30%	21.65%	20.97%	19.53%
Operating Margin	5.33%	2.39%	3.29%	4.70%	2.85%
Profit Margin	10.57%	10.47%	11.23%	9.54%	7.01%
Free Cash Flow Margin	10.37%	1.21%	0.59%	-3.41%	6.63%
EBITDA	219.32	143.07	151.71	191.83	148.56
EBITDA Margin	9.14%	6.22%	8.06%	8.73%	6.94%
D&A For EBITDA	91.55	88.17	89.81	88.69	87.48
EBIT	127.78	54.91	61.9	103.14	61.08
EBIT Margin	5.33%	2.39%	3.29%	4.70%	2.85%
Effective Tax Rate	-	-	1.50%	0.60%	3.53%
Revenue as Reported	-	2,301	1,883	2,196	2,140
Advertising Expenses	-	2.18	2.13	1.19	1.87

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