SHA:601567 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	13,746	14,140	14,384	11,261	8,939	6,911
Other Revenue	221.02	221.02	216.26	201.71	158.82	112.31
Revenue	13,967	14,361	14,600	11,463	9,098	7,023
Revenue Growth (YoY)	-8.15%	-1.64%	27.38%	25.99%	29.55%	-0.98%
Cost of Revenue	10,294	10,448	9,584	7,600	6,487	5,259
Gross Profit	3,673	3,913	5,017	3,862	2,611	1,764
Selling, General & Admin	1,925	1,929	1,914	1,626	1,188	845.78
Research & Development	599.41	598.27	515.58	463.77	320.81	285.94
Other Operating Expenses	9.9	-14.67	-71.88	19.11	23.36	40.92
Operating Expenses	2,613	2,589	2,382	2,134	1,522	1,215
Operating Income	1,060	1,323	2,635	1,729	1,089	548.89
Interest Expense	-132.42	-124.49	-95	-52.75	-61.33	-83.25
Interest & Investment Income	267.13	257.25	304.98	342.58	123.66	239.61
Currency Exchange Gain (Loss)	139.42	139.42	-111.94	40.92	55	-32.97
Other Non Operating Income (Expenses)	-117.91	-33.48	-31.01	-30.67	-17.45	42.5
EBT Excluding Unusual Items	1,216	1,562	2,702	2,029	1,189	714.77
Impairment of Goodwill	-355.86	-355.86	-13.6	-8.68	-9.49	-1.79
Gain (Loss) on Sale of Investments	227.37	245.13	-177.13	132.41	-107.48	103.7
Gain (Loss) on Sale of Assets	0.14	0.6	-0.04	-0.1	-1.88	-7.65
Asset Writedown	-3.94	-8.01	-11.31	-1.67	1.57	-4.59
Other Unusual Items	134.83	134.83	172.96	111.46	80.78	42.38
Pretax Income	1,219	1,579	2,673	2,262	1,152	846.81
Income Tax Expense	287.93	330	399.32	341.26	187.04	139.2
Earnings From Continuing Operations	930.65	1,249	2,273	1,921	965.01	707.61
Minority Interest in Earnings	21.32	25.12	-13.72	-17.1	-16.89	-17.57
Net Income	951.98	1,274	2,260	1,904	948.12	690.04
Net Income to Common	951.98	1,274	2,260	1,904	948.12	690.04
Net Income Growth	-60.08%	-43.62%	18.69%	100.79%	37.40%	-27.83%
Shares Outstanding (Basic)	1,415	1,416	1,412	1,410	1,415	1,380
Shares Outstanding (Diluted)	1,415	1,416	1,412	1,410	1,415	1,380
Shares Change (YoY)	0.22%	0.24%	0.14%	-0.35%	2.54%	-0.40%
EPS (Basic)	0.67	0.90	1.60	1.35	0.67	0.50
EPS (Diluted)	0.67	0.90	1.60	1.35	0.67	0.50
EPS Growth	-60.17%	-43.75%	18.52%	101.49%	34.00%	-27.54%
Free Cash Flow	1,141	831.91	791.63	1,345	818.7	-96.3
Free Cash Flow Per Share	0.81	0.59	0.56	0.95	0.58	-0.07
Dividend Per Share	1.115	1.115	0.890	0.650	0.350	0.320
Dividend Growth	25.28%	25.28%	36.92%	85.71%	9.38%	-8.57%
Gross Margin	26.30%	27.25%	34.36%	33.69%	28.70%	25.11%
Operating Margin	7.59%	9.22%	18.05%	15.08%	11.97%	7.82%
Profit Margin	6.82%	8.87%	15.48%	16.61%	10.42%	9.83%
Free Cash Flow Margin	8.17%	5.79%	5.42%	11.74%	9.00%	-1.37%
EBITDA	1,377	1,632	2,911	1,981	1,317	744.1
EBITDA Margin	9.86%	11.37%	19.94%	17.29%	14.48%	10.60%
D&A For EBITDA	317.1	308.97	276.45	252.77	228.7	195.22
EBIT	1,060	1,323	2,635	1,729	1,089	548.89
EBIT Margin	7.59%	9.22%	18.05%	15.08%	11.97%	7.82%
Effective Tax Rate	23.63%	20.90%	14.94%	15.09%	16.23%	16.44%
Revenue as Reported	13,967	14,361	14,600	11,463	9,098	7,023
Advertising Expenses	-	39.1	32.21	18.07	11.28	8.04

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