SHA:601609 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	124,919	115,729	112,990	101,105	92,268	74,631
Other Revenue	9,335	9,335	11,171	9,394	8,921	6,527
Revenue	134,255	125,064	124,161	110,500	101,190	81,159
Revenue Growth (YoY)	6.03%	0.73%	12.36%	9.20%	24.68%	73.31%
Cost of Revenue	131,103	121,928	121,279	108,048	99,241	78,634
Gross Profit	3,152	3,137	2,882	2,451	1,949	2,525
Selling, General & Admin	1,154	1,165	1,021	924.29	835.1	929.6
Research & Development	642.55	628.54	612.05	516.02	430.78	309.43
Other Operating Expenses	67.44	90.96	126.52	-91.36	-53.16	39.28
Operating Expenses	1,881	1,903	1,787	1,372	1,193	1,323
Operating Income	1,271	1,233	1,095	1,080	755.44	1,202
Interest Expense	-470.48	-462.53	-531.52	-450.34	-384.79	-319.57
Interest & Investment Income	67.66	91.31	13.41	18.05	48.63	34.75
Currency Exchange Gain (Loss)	-210.98	-210.98	-162.49	31.89	68.37	-30.28
Other Non Operating Income (Expenses)	-58.21	-27.81	-17.74	-18.96	-27.31	-16.63
EBT Excluding Unusual Items	598.94	623.38	396.71	660.26	460.34	870.66
Gain (Loss) on Sale of Investments	155.22	106.69	34.92	-19.68	61.01	-84.63
Gain (Loss) on Sale of Assets	-0.97	-0.43	-2.72	1.52	-4.86	-12.31
Asset Writedown	-45.26	-37.31	-6.83	-26.65	-0.94	-3.36
Other Unusual Items	165.28	164.75	144.76	5.91	10.79	159.83
Pretax Income	873.21	857.09	566.84	621.36	526.34	930.19
Income Tax Expense	89.85	89.8	82.17	82.73	105.61	194.94
Earnings From Continuing Operations	783.37	767.29	484.67	538.63	420.73	735.26
Net Income to Company	783.37	767.29	484.67	538.63	420.73	735.26
Minority Interest in Earnings	-11.45	-14.83	-2.81	-11.86	-0.55	5.97
Net Income	771.92	752.45	481.85	526.77	420.19	741.22
Net Income to Common	771.92	752.45	481.85	526.77	420.19	741.22
Net Income Growth	53.16%	56.16%	-8.53%	25.37%	-43.31%	44.70%
Shares Outstanding (Basic)	1,588	1,505	1,460	1,424	1,449	1,453
Shares Outstanding (Diluted)	1,616	1,568	1,506	1,505	1,501	1,513
Shares Change (YoY)	9.30%	4.11%	0.05%	0.29%	-0.80%	9.26%
EPS (Basic)	0.49	0.50	0.33	0.37	0.29	0.51
EPS (Diluted)	0.48	0.48	0.32	0.35	0.28	0.49
EPS Growth	40.13%	50.00%	-8.57%	25.00%	-42.86%	32.43%
Free Cash Flow	-366.62	662.08	636.98	-2,960	198.53	-2,791
Free Cash Flow Per Share	-0.23	0.42	0.42	-1.97	0.13	-1.84
Dividend Per Share	0.140	0.140	0.110	0.120	0.091	0.110
Dividend Growth	27.27%	27.27%	-8.33%	31.87%	-17.27%	3.77%
Gross Margin	2.35%	2.51%	2.32%	2.22%	1.93%	3.11%
Operating Margin	0.95%	0.99%	0.88%	0.98%	0.75%	1.48%
Profit Margin	0.57%	0.60%	0.39%	0.48%	0.41%	0.91%
Free Cash Flow Margin	-0.27%	0.53%	0.51%	-2.68%	0.20%	-3.44%
EBITDA	-	1,871	1,697	1,636	1,254	1,564
EBITDA Margin	-	1.50%	1.37%	1.48%	1.24%	1.93%
D&A For EBITDA	-	637.26	602.32	555.89	498.9	361.99
EBIT	1,271	1,233	1,095	1,080	755.44	1,202
EBIT Margin	0.95%	0.99%	0.88%	0.98%	0.75%	1.48%
Effective Tax Rate	10.29%	10.48%	14.50%	13.31%	20.06%	20.96%
Revenue as Reported	134,255	125,064	124,161	110,500	101,190	81,159
Advertising Expenses	-	12.2	7.04	5.12	4.41	7.89