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	Sep '26 Sep 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	162,066	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	162,862	158,179	184,145	181,472	166,848	152,308
Revenue Growth	-2.36%	-14.10%	1.47%	8.77%	9.55%	60.22%
Cost of Revenue	107,064	112,367	124,105	113,934	91,977	97,634
Gross Profit	55,798	45,811	60,040	67,538	74,871	54,673
Selling, General & Admin	7,385	7,338	7,669	8,981	7,750	7,226
Research & Development	521.99	502.1	645.35	806.17	578.52	152.95
Other Operating Expenses	11,225	9,519	10,299	11,356	11,409	8,982
Operating Expenses	19,446	17,481	18,842	21,143	19,609	16,379
Operating Income	36,352	28,330	41,199	46,395	55,262	38,294
Interest Expense	-541.82	-482.86	-860.3	-1,035	-600.41	-620.77
Interest & Investment Income	5,498	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)	-85.33	-79.5	-97.38	-285.21	-147.24	-82.42
EBT Excluding Unusual Items	41,222	31,984	44,312	49,594	70,118	41,160
Impairment of Goodwill	-	-	-	-	-11.23	-
Gain (Loss) on Sale of Investments	-65.09	528.25	-252.58	-4,601	-5,165	1,369
Gain (Loss) on Sale of Assets	168.88	163.98	-322.13	-116.49	-360.18	-649.24
Asset Writedown	-917.88	-225.63	-163.75	-115.12	-732.78	-760.17
Other Unusual Items	-113.63	-113.63	262.13	238.85	7.35	3.63
Pretax Income	40,294	32,337	43,836	45,000	63,856	41,123
Income Tax Expense	6,586	5,728	7,278	6,657	10,647	7,100
Earnings From Continuing Operations	33,708	26,609	36,557	38,343	53,209	34,023
Minority Interest in Earnings	-12,592	-9,844	-14,197	-15,243	-18,007	-12,604
Net Income	21,117	16,765	22,360	23,100	35,202	21,419
Net Income to Common	21,117	16,765	22,360	23,100	35,202	21,419
Net Income Growth	19.95%	-25.02%	-3.21%	-34.38%	64.35%	44.14%
Shares Outstanding (Basic)	9,684	9,691	9,680	9,706	9,698	9,692
Shares Outstanding (Diluted)	9,684	9,691	9,680	9,706	9,698	9,692
Shares Change	0.05%	0.11%	-0.27%	0.09%	0.06%	-0.21%
EPS (Basic)	2.18	1.73	2.31	2.38	3.63	2.21
EPS (Diluted)	2.18	1.73	2.31	2.38	3.63	2.21
EPS Growth	19.89%	-25.11%	-2.94%	-34.44%	64.25%	44.44%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	30,074	18,210	28,457	29,028	45,948	44,203
Free Cash Flow Per Share	3.10	1.88	2.94	2.99	4.74	4.56
Dividend Per Share	0.967	0.948	1.348	1.315	2.180	1.350
Dividend Growth	-17.70%	-29.67%	2.51%	-39.68%	61.48%	68.75%
Gross Margin	34.26%	28.96%	32.61%	37.22%	44.87%	35.90%
Operating Margin	22.32%	17.91%	22.37%	25.57%	33.12%	25.14%
Profit Margin	12.97%	10.60%	12.14%	12.73%	21.10%	14.06%
Free Cash Flow Margin	18.47%	11.51%	15.45%	16.00%	27.54%	29.02%
EBITDA	49,057	41,329	54,589	59,486	65,872	47,584
EBITDA Margin	30.12%	26.13%	29.64%	32.78%	39.48%	31.24%
D&A For EBITDA	12,705	12,999	13,390	13,091	10,610	9,290
EBIT	36,352	28,330	41,199	46,395	55,262	38,294
EBIT Margin	22.32%	17.91%	22.37%	25.57%	33.12%	25.14%
Effective Tax Rate	16.34%	17.71%	16.60%	14.79%	16.67%	17.26%
Revenue as Reported	162,862	158,179	184,145	181,472	166,848	152,308
Advertising Expenses	-	22.16	32.81	44.78	91.12	74.74