SHA:601668 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	2,029,233	2,072,809	2,179,168	2,255,223	2,046,879	1,889,151
Other Revenue	9,333	9,333	8,166	10,306	8,173	3,556
Revenue	2,038,566	2,082,142	2,187,334	2,265,529	2,055,052	1,892,706
Revenue Growth (YoY)	-7.06%	-4.81%	-3.45%	10.24%	8.58%	17.19%
Cost of Revenue	1,840,022	1,880,560	1,975,036	2,045,181	1,842,402	1,677,978
Gross Profit	198,543	201,582	212,299	220,348	212,650	214,728
Selling, General & Admin	42,151	42,912	43,381	42,030	40,540	40,818
Research & Development	43,753	44,009	45,465	46,074	49,753	40,020
Other Operating Expenses	8,443	8,340	10,156	13,350	11,543	14,401
Operating Expenses	112,418	113,186	112,763	111,400	111,004	106,771
Operating Income	86,126	88,396	99,535	108,948	101,646	107,957
Interest Expense	-19,439	-19,810	-21,795	-20,111	-17,895	-14,023
Interest & Investment Income	4,826	4,765	5,737	8,609	9,589	7,900
Currency Exchange Gain (Loss)	-106.56	-106.56	67.39	-1,209	-3,344	2,017
Other Non Operating Income (Expenses)	-4,580	-4,358	-3,672	-3,211	-4,190	-2,733
EBT Excluding Unusual Items	66,825	68,886	79,873	93,027	85,807	101,119
Impairment of Goodwill	-	-	-	-	-	-0.03
Gain (Loss) on Sale of Investments	-54.6	-43.6	94.32	-9.44	-116.3	-236.59
Gain (Loss) on Sale of Assets	306.7	290.03	561.27	226.08	432.39	332.74
Asset Writedown	-537.67	-564.28	-111.99	-643.69	-462.65	-134.14
Legal Settlements	55.4	55.4	-1,000	-142.11	319.94	-142.13
Other Unusual Items	1,598	1,598	630.56	537.44	2,856	99.81
Pretax Income	68,193	70,222	80,046	92,995	88,835	101,038
Income Tax Expense	16,231	16,664	17,300	19,456	19,624	23,167
Earnings From Continuing Operations	51,963	53,558	62,746	73,540	69,212	77,871
Minority Interest in Earnings	-14,024	-14,489	-16,553	-19,276	-18,261	-26,323
Net Income	37,938	39,069	46,194	54,264	50,950	51,549
Preferred Dividends & Other Adjustments	283.8	283.8	283.8	207.19	585.66	589.75
Net Income to Common	37,655	38,785	45,910	54,057	50,365	50,959
Net Income Growth	-18.03%	-15.42%	-14.87%	6.50%	-1.16%	14.74%
Shares Outstanding (Basic)	41,412	41,320	41,320	41,290	40,837	40,623
Shares Outstanding (Diluted)	41,412	41,320	41,320	41,391	41,126	40,623
Shares Change (YoY)	0.79%	-	-0.17%	0.64%	1.24%	-1.29%
EPS (Basic)	0.91	0.94	1.11	1.31	1.23	1.25
EPS (Diluted)	0.91	0.94	1.11	1.31	1.23	1.25
EPS Growth	-18.71%	-15.44%	-15.12%	6.22%	-1.51%	16.45%
Free Cash Flow	-733.41	-19,322	-10,114	-28,779	-25,431	-22,648
Free Cash Flow Per Share	-0.02	-0.47	-0.24	-0.69	-0.62	-0.56
Dividend Per Share	0.272	0.272	0.272	0.271	0.253	0.250
Dividend Growth	0.11%	0.11%	0.02%	7.42%	1.08%	16.44%
Gross Margin	9.74%	9.68%	9.71%	9.73%	10.35%	11.34%
Operating Margin	4.23%	4.25%	4.55%	4.81%	4.95%	5.70%
Profit Margin	1.85%	1.86%	2.10%	2.39%	2.45%	2.69%
Free Cash Flow Margin	-0.04%	-0.93%	-0.46%	-1.27%	-1.24%	-1.20%
EBITDA	98,147	100,601	112,474	121,148	112,328	117,353
EBITDA Margin	4.81%	4.83%	5.14%	5.35%	5.47%	6.20%
D&A For EBITDA	12,022	12,205	12,939	12,200	10,682	9,396
EBIT	86,126	88,396	99,535	108,948	101,646	107,957
EBIT Margin	4.23%	4.25%	4.55%	4.81%	4.95%	5.70%
Effective Tax Rate	23.80%	23.73%	21.61%	20.92%	22.09%	22.93%

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