SHA:601225 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	156,174	157,383	183,196	180,457	166,045	151,435
Other Revenue	795.44	795.44	948.59	1,015	802.93	872.96
Revenue	156,969	158,179	184,145	181,472	166,848	152,308
Revenue Growth (YoY)	-13.27%	-14.10%	1.47%	8.77%	9.55%	60.22%
Cost of Revenue	110,634	112,367	124,105	113,934	91,977	97,634
Gross Profit	46,335	45,811	60,040	67,538	74,871	54,673
Selling, General & Admin	7,449	7,338	7,669	8,981	7,750	7,226
Research & Development	497.6	502.1	645.35	806.17	578.52	152.95
Other Operating Expenses	9,652	9,519	10,299	11,356	11,409	8,982
Operating Expenses	17,757	17,481	18,842	21,143	19,609	16,379
Operating Income	28,578	28,330	41,199	46,395	55,262	38,294
Interest Expense	-512.12	-482.86	-860.3	-1,035	-600.41	-620.77
Interest & Investment Income	4,001	4,217	4,071	4,520	15,603	3,540
Currency Exchange Gain (Loss)	-0.48	-0.48	0.39	-0.1	-0.06	29.05
Other Non Operating Income (Expenses)	-132.08	-79.5	-97.38	-285.21	-147.24	-82.42
EBT Excluding Unusual Items	31,934	31,984	44,312	49,594	70,118	41,160
Impairment of Goodwill	-	-	-	-	-11.23	-
Gain (Loss) on Sale of Investments	295.13	528.25	-252.58	-4,601	-5,165	1,369
Gain (Loss) on Sale of Assets	162.82	163.98	-322.13	-116.49	-360.18	-649.24
Asset Writedown	-177.43	-225.63	-163.75	-115.12	-732.78	-760.17
Other Unusual Items	-94.99	-113.63	262.13	238.85	7.35	3.63
Pretax Income	32,120	32,337	43,836	45,000	63,856	41,123
Income Tax Expense	5,826	5,728	7,278	6,657	10,647	7,100
Earnings From Continuing Operations	26,294	26,609	36,557	38,343	53,209	34,023
Minority Interest in Earnings	-10,124	-9,844	-14,197	-15,243	-18,007	-12,604
Net Income	16,170	16,765	22,360	23,100	35,202	21,419
Net Income to Common	16,170	16,765	22,360	23,100	35,202	21,419
Net Income Growth	-27.49%	-25.02%	-3.21%	-34.38%	64.35%	44.14%
Shares Outstanding (Basic)	9,691	9,691	9,680	9,706	9,698	9,692
Shares Outstanding (Diluted)	9,691	9,691	9,680	9,706	9,698	9,692
Shares Change (YoY)	0.11%	0.11%	-0.27%	0.09%	0.06%	-0.21%
EPS (Basic)	1.67	1.73	2.31	2.38	3.63	2.21
EPS (Diluted)	1.67	1.73	2.31	2.38	3.63	2.21
EPS Growth	-27.57%	-25.11%	-2.94%	-34.44%	64.25%	44.44%
Free Cash Flow	20,858	18,210	28,457	29,028	45,948	44,203
Free Cash Flow Per Share	2.15	1.88	2.94	2.99	4.74	4.56
Dividend Per Share	0.948	0.948	1.348	1.315	2.180	1.350
Dividend Growth	-29.67%	-29.67%	2.51%	-39.68%	61.48%	68.75%
Gross Margin	29.52%	28.96%	32.61%	37.22%	44.87%	35.90%
Operating Margin	18.21%	17.91%	22.37%	25.57%	33.12%	25.14%
Profit Margin	10.30%	10.60%	12.14%	12.73%	21.10%	14.06%
Free Cash Flow Margin	13.29%	11.51%	15.45%	16.00%	27.54%	29.02%
EBITDA	41,479	41,329	54,589	59,486	65,872	47,584
EBITDA Margin	26.42%	26.13%	29.64%	32.78%	39.48%	31.24%
D&A For EBITDA	12,901	12,999	13,390	13,091	10,610	9,290
EBIT	28,578	28,330	41,199	46,395	55,262	38,294
EBIT Margin	18.21%	17.91%	22.37%	25.57%	33.12%	25.14%
Effective Tax Rate	18.14%	17.71%	16.60%	14.79%	16.67%	17.26%
Revenue as Reported	156,969	158,179	184,145	181,472	166,848	152,308
Advertising Expenses	-	22.16	32.81	44.78	91.12	74.74

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