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	Jun '26 Jun 30, 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	2,497	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	2,521	2,399	2,301	1,883	2,196	2,140
Revenue Growth	6.40%	4.29%	22.22%	-14.28%	2.62%	11.55%
Cost of Revenue	2,032	1,960	1,903	1,475	1,735	1,722
Gross Profit	488.55	439.08	398.12	407.53	460.61	418.03
Selling, General & Admin	211.69	212.12	198.55	210.79	238.49	238.84
Research & Development	132.27	137.11	122.34	122.95	132.17	106.57
Other Operating Expenses	22.61	15.99	14.62	11.18	-15.44	13.81
Operating Expenses	384.87	376.21	343.21	345.63	357.47	356.95
Operating Income	103.68	62.87	54.91	61.9	103.14	61.08
Interest Expense	-23.02	-26.3	-33.76	-34.97	-38.53	-40.49
Interest & Investment Income	199.59	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)	-2.7	-1.23	-0.62	-0.55	-2.15	-1.46
EBT Excluding Unusual Items	277.09	226.17	215.13	202.32	221.19	176.68
Gain (Loss) on Sale of Investments	0.13	0.1	0.02	1.27	-	-
Gain (Loss) on Sale of Assets	4.17	3.78	2.96	0.61	0.11	0.69
Asset Writedown	-15.17	-	-	-0.44	-	-1.11
Legal Settlements	-	-	-	-	-2	-
Other Unusual Items	33.5	33.5	28.87	17.11	0.08	25.47
Pretax Income	299.72	263.56	246.98	220.87	219.38	201.74
Income Tax Expense	1.64	-0.39	-1.71	3.31	1.31	7.13
Earnings From Continuing Operations	298.08	263.95	248.69	217.55	218.07	194.61
Minority Interest in Earnings	-13.22	-10.42	-7.88	-6.09	-8.68	-44.65
Net Income	284.87	253.53	240.82	211.46	209.39	149.96
Net Income to Common	284.87	253.53	240.82	211.46	209.39	149.96
Net Income Growth	12.35%	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	0.69%	1.19%	0.15%	-0.00%	-0.01%	0.03%
EPS (Basic)	0.71	0.63	0.60	0.53	0.52	0.37
EPS (Diluted)	0.70	0.63	0.60	0.53	0.52	0.37
EPS Growth	11.58%	4.04%	13.71%	0.99%	39.65%	78.65%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	177.63	248.82	27.84	11.07	-74.96	141.97
Free Cash Flow Per Share	0.44	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	19.38%	18.30%	17.30%	21.65%	20.97%	19.53%
Operating Margin	4.11%	2.62%	2.39%	3.29%	4.70%	2.85%
Profit Margin	11.30%	10.57%	10.47%	11.23%	9.54%	7.01%
Free Cash Flow Margin	7.05%	10.37%	1.21%	0.59%	-3.41%	6.63%
EBITDA	192.58	151.71	145.62	151.71	191.83	148.56
EBITDA Margin	7.64%	6.32%	6.33%	8.06%	8.73%	6.94%
D&A For EBITDA	88.9	88.84	90.72	89.81	88.69	87.48
EBIT	103.68	62.87	54.91	61.9	103.14	61.08
EBIT Margin	4.11%	2.62%	2.39%	3.29%	4.70%	2.85%
Effective Tax Rate	0.55%	-	-	1.50%	0.60%	3.53%
Revenue as Reported	2,521	2,399	2,301	1,883	2,196	2,140
Advertising Expenses	-	3.07	2.18	2.13	1.19	1.87