SHA:601611 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	94,458	101,001	112,747	108,147	98,022	82,712
Other Revenue	915.25	915.25	793.98	1,238	1,116	1,008
Revenue	95,373	101,916	113,541	109,385	99,138	83,720
Revenue Growth (YoY)	-16.38%	-10.24%	3.80%	10.34%	18.42%	14.98%
Cost of Revenue	83,563	89,619	100,252	96,981	89,164	75,428
Gross Profit	11,810	12,297	13,289	12,404	9,974	8,291
Selling, General & Admin	2,442	2,468	2,679	2,553	2,223	2,055
Research & Development	2,704	2,829	3,184	2,837	1,629	1,377
Other Operating Expenses	356.28	333.55	253.83	228.23	252.36	180.75
Operating Expenses	7,108	7,345	8,119	7,476	5,037	4,677
Operating Income	4,702	4,952	5,171	4,928	4,937	3,614
Interest Expense	-2,418	-2,493	-2,617	-2,735	-2,153	-1,501
Interest & Investment Income	899.52	808.07	1,203	1,383	869.4	1,203
Currency Exchange Gain (Loss)	-21.04	-21.04	20.42	-38.35	32.7	-24.04
Other Non Operating Income (Expenses)	-464.22	-439.18	-507.1	-485.7	-507.8	-574.04
EBT Excluding Unusual Items	2,699	2,807	3,270	3,052	3,178	2,718
Impairment of Goodwill	-	-	-	-4.24	-	-6.4
Gain (Loss) on Sale of Investments	-51.12	-50.98	-48.54	-12.78	-289.92	48.04
Gain (Loss) on Sale of Assets	30.5	37.38	15.05	-1.91	-11.58	12.56
Asset Writedown	4.1	-13.15	-0.24	-5.08	-11.25	-
Legal Settlements	-15.67	-15.67	-8.12	-7.47	-11.86	-24.67
Other Unusual Items	76.2	76.2	-83.27	73.18	124.09	-76.72
Pretax Income	2,743	2,840	3,145	3,094	2,977	2,671
Income Tax Expense	486.96	522.55	354.27	311.04	499.76	472.49
Earnings From Continuing Operations	2,256	2,318	2,791	2,783	2,477	2,198
Net Income to Company	2,256	2,318	2,791	2,783	2,477	2,198
Minority Interest in Earnings	-1,085	-998.77	-726.43	-719.77	-700.15	-665.66
Net Income	1,171	1,319	2,064	2,063	1,777	1,533
Net Income to Common	1,171	1,319	2,064	2,063	1,777	1,533
Net Income Growth	-43.14%	-36.10%	0.07%	16.07%	15.96%	12.70%
Shares Outstanding (Basic)	3,673	3,664	3,559	3,496	3,118	3,128
Shares Outstanding (Diluted)	3,673	3,664	3,621	3,619	3,231	3,193
Shares Change (YoY)	0.25%	1.18%	0.07%	12.00%	1.20%	-1.38%
EPS (Basic)	0.32	0.36	0.58	0.59	0.57	0.49
EPS (Diluted)	0.32	0.36	0.57	0.57	0.55	0.48
EPS Growth	-43.28%	-36.84%	-	3.64%	14.58%	14.29%
Free Cash Flow	-1,074	-1,796	-5,086	-3,415	-9,913	-5,606
Free Cash Flow Per Share	-0.29	-0.49	-1.40	-0.94	-3.07	-1.76
Dividend Per Share	0.060	0.060	0.094	0.087	0.079	0.072
Dividend Growth	-36.17%	-36.17%	8.05%	10.13%	9.72%	10.77%
Gross Margin	12.38%	12.06%	11.70%	11.34%	10.06%	9.90%
Operating Margin	4.93%	4.86%	4.55%	4.50%	4.98%	4.32%
Profit Margin	1.23%	1.29%	1.82%	1.89%	1.79%	1.83%
Free Cash Flow Margin	-1.13%	-1.76%	-4.48%	-3.12%	-10.00%	-6.70%
EBITDA	-	9,072	9,303	8,428	7,065	5,302
EBITDA Margin	-	8.90%	8.19%	7.70%	7.13%	6.33%
D&A For EBITDA	-	4,120	4,132	3,500	2,128	1,688
EBIT	4,702	4,952	5,171	4,928	4,937	3,614
EBIT Margin	4.93%	4.86%	4.55%	4.50%	4.98%	4.32%
Effective Tax Rate	17.75%	18.40%	11.27%	10.05%	16.79%	17.69%
Revenue as Reported	95,373	101,916	113,541	109,385	99,138	83,720

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