SHA:601177 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	2,440	2,375	2,271	1,826	2,093	2,094
Other Revenue	24.09	24.09	29.58	56.59	103.52	46.4
Revenue	2,464	2,399	2,301	1,883	2,196	2,140
Revenue Growth (YoY)	5.82%	4.29%	22.22%	-14.28%	2.62%	11.55%
Cost of Revenue	2,008	1,960	1,903	1,475	1,735	1,722
Gross Profit	456.26	439.08	398.12	407.53	460.61	418.03
Selling, General & Admin	221.61	212.12	198.55	210.79	238.49	238.84
Research & Development	134.07	137.11	122.34	122.95	132.17	106.57
Other Operating Expenses	17.87	15.99	14.62	11.18	-15.44	13.81
Operating Expenses	387.92	376.21	343.21	345.63	357.47	356.95
Operating Income	68.34	62.87	54.91	61.9	103.14	61.08
Interest Expense	-23.98	-26.3	-33.76	-34.97	-38.53	-40.49
Interest & Investment Income	199.4	191.28	194.32	175.45	157.84	158.44
Currency Exchange Gain (Loss)	-0.45	-0.45	0.29	0.49	0.88	-0.9
Other Non Operating Income (Expenses)	-1.76	-1.23	-0.62	-0.55	-2.15	-1.46
EBT Excluding Unusual Items	241.55	226.17	215.13	202.32	221.19	176.68
Gain (Loss) on Sale of Investments	0.11	0.1	0.02	1.27	-	-
Gain (Loss) on Sale of Assets	3.75	3.78	2.96	0.61	0.11	0.69
Asset Writedown	-4.94	-	-	-0.44	-	-1.11
Legal Settlements	-	-	-	-	-2	-
Other Unusual Items	33.5	33.5	28.87	17.11	0.08	25.47
Pretax Income	273.98	263.56	246.98	220.87	219.38	201.74
Income Tax Expense	-0.22	-0.39	-1.71	3.31	1.31	7.13
Earnings From Continuing Operations	274.19	263.95	248.69	217.55	218.07	194.61
Minority Interest in Earnings	-11.55	-10.42	-7.88	-6.09	-8.68	-44.65
Net Income	262.64	253.53	240.82	211.46	209.39	149.96
Net Income to Common	262.64	253.53	240.82	211.46	209.39	149.96
Net Income Growth	8.48%	5.28%	13.88%	0.99%	39.63%	78.70%
Shares Outstanding (Basic)	401	401	400	400	400	400
Shares Outstanding (Diluted)	406	405	401	400	400	400
Shares Change (YoY)	1.24%	1.19%	0.15%	-0.00%	-0.01%	0.03%
EPS (Basic)	0.66	0.63	0.60	0.53	0.52	0.37
EPS (Diluted)	0.65	0.63	0.60	0.53	0.52	0.37
EPS Growth	7.15%	4.04%	13.71%	0.99%	39.65%	78.65%
Free Cash Flow	217.45	248.82	27.84	11.07	-74.96	141.97
Free Cash Flow Per Share	0.54	0.61	0.07	0.03	-0.19	0.35
Dividend Per Share	0.070	0.070	0.060	0.050	0.071	0.022
Dividend Growth	16.67%	16.67%	20.00%	-29.58%	222.73%	10.00%
Gross Margin	18.51%	18.30%	17.30%	21.65%	20.97%	19.53%
Operating Margin	2.77%	2.62%	2.39%	3.29%	4.70%	2.85%
Profit Margin	10.66%	10.57%	10.47%	11.23%	9.54%	7.01%
Free Cash Flow Margin	8.82%	10.37%	1.21%	0.59%	-3.41%	6.63%
EBITDA	156.71	151.71	145.62	151.71	191.83	148.56
EBITDA Margin	6.36%	6.32%	6.33%	8.06%	8.73%	6.94%
D&A For EBITDA	88.37	88.84	90.72	89.81	88.69	87.48
EBIT	68.34	62.87	54.91	61.9	103.14	61.08
EBIT Margin	2.77%	2.62%	2.39%	3.29%	4.70%	2.85%
Effective Tax Rate	-	-	-	1.50%	0.60%	3.53%
Revenue as Reported	2,464	2,399	2,301	1,883	2,196	2,140
Advertising Expenses	-	3.07	2.18	2.13	1.19	1.87

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