SHA:601615 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	38,597	37,638	26,704	27,659	30,306	26,855
Other Revenue	456.7	456.7	454.43	464.82	442.03	360.8
Revenue	39,054	38,095	27,158	28,124	30,748	27,216
Revenue Growth (YoY)	31.11%	40.27%	-3.43%	-8.53%	12.98%	21.19%
Cost of Revenue	35,343	34,251	25,165	25,890	24,713	21,421
Gross Profit	3,711	3,844	1,993	2,234	6,035	5,795
Selling, General & Admin	2,113	2,018	1,797	1,602	2,023	1,860
Research & Development	776.39	769.66	562.58	604.37	819.77	805.91
Other Operating Expenses	4.78	15.21	-249.13	-144.38	-126.61	-82.29
Operating Expenses	3,152	3,023	2,408	2,542	2,933	2,728
Operating Income	559.64	821.01	-414.74	-308.17	3,102	3,067
Interest Expense	-422.37	-415.62	-384.03	-228.91	-210.98	-331.86
Interest & Investment Income	471.07	532.53	1,361	1,075	895.25	1,121
Currency Exchange Gain (Loss)	-45.87	-45.87	24.49	84.8	210.97	32.53
Other Non Operating Income (Expenses)	-287.42	-241.83	-206.46	-202.72	-182.41	-155.94
EBT Excluding Unusual Items	275.04	650.22	380.45	420.03	3,814	3,733
Gain (Loss) on Sale of Investments	170.42	73.03	-15.42	-59.97	18.09	61.65
Gain (Loss) on Sale of Assets	-2.27	-2.25	-32.4	4.19	-0.8	-0.63
Asset Writedown	-146.33	-120.88	-43.64	-94.08	-73.41	-177.33
Other Unusual Items	30.57	25.7	107.64	6.11	88.6	21.05
Pretax Income	337.98	636.37	414.83	362.48	3,858	3,646
Income Tax Expense	-73.69	-61.29	42.96	-24.45	418.64	630.01
Earnings From Continuing Operations	411.67	697.66	371.87	386.92	3,439	3,016
Minority Interest in Earnings	-29.2	-37.78	-25.76	-10.2	5.39	141.74
Net Income	382.47	659.87	346.11	376.72	3,445	3,158
Net Income to Common	382.47	659.87	346.11	376.72	3,445	3,158
Net Income Growth	11.19%	90.65%	-8.13%	-89.06%	9.09%	129.81%
Shares Outstanding (Basic)	2,186	2,150	2,272	2,216	2,194	1,937
Shares Outstanding (Diluted)	2,186	2,151	2,272	2,216	2,194	1,937
Shares Change (YoY)	-3.59%	-5.33%	2.52%	1.00%	13.26%	26.89%
EPS (Basic)	0.17	0.31	0.15	0.17	1.57	1.63
EPS (Diluted)	0.17	0.31	0.15	0.17	1.57	1.63
EPS Growth	15.31%	101.37%	-10.38%	-89.17%	-3.68%	81.11%
Free Cash Flow	-9,489	-8,076	-8,050	-10,203	-8,805	-1,990
Free Cash Flow Per Share	-4.34	-3.75	-3.54	-4.60	-4.01	-1.03
Dividend Per Share	0.185	0.185	0.304	0.304	0.304	0.221
Dividend Growth	-39.16%	-39.16%	-	-	37.51%	109.15%
Gross Margin	9.50%	10.09%	7.34%	7.94%	19.63%	21.29%
Operating Margin	1.43%	2.15%	-1.53%	-1.10%	10.09%	11.27%
Profit Margin	0.98%	1.73%	1.27%	1.34%	11.20%	11.60%
Free Cash Flow Margin	-24.30%	-21.20%	-29.64%	-36.28%	-28.64%	-7.31%
EBITDA	2,158	2,377	972.62	738.24	4,068	3,876
EBITDA Margin	5.53%	6.24%	3.58%	2.63%	13.23%	14.24%
D&A For EBITDA	1,599	1,556	1,387	1,046	966.4	808.97
EBIT	559.64	821.01	-414.74	-308.17	3,102	3,067
EBIT Margin	1.43%	2.15%	-1.53%	-1.10%	10.09%	11.27%
Effective Tax Rate	-	-	10.36%	-	10.85%	17.28%
Revenue as Reported	959.02	-	-	28,124	-	-
Advertising Expenses	-	-	-	-	4.43	8.81

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