SHA:601669 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	648,108	645,621	633,931	606,531	569,504	562,779
Other Revenue	-	-	-	2,408	2,213	2,340
Revenue	648,108	645,621	633,931	608,939	571,716	565,119
Revenue Growth (YoY)	1.87%	1.84%	4.10%	6.51%	1.17%	40.86%
Cost of Revenue	568,515	565,384	550,306	528,360	501,879	497,263
Gross Profit	79,593	80,236	83,626	80,580	69,837	67,857
Selling, General & Admin	21,240	21,301	20,749	19,778	18,015	17,154
Research & Development	23,698	23,799	24,254	23,250	20,801	19,594
Other Operating Expenses	1,749	1,768	1,601	1,387	1,443	1,607
Operating Expenses	49,324	50,023	52,186	48,210	42,967	41,077
Operating Income	30,268	30,214	31,440	32,369	26,870	26,780
Interest Expense	-14,896	-14,970	-15,120	-14,947	-13,307	-12,938
Interest & Investment Income	6,773	6,849	6,436	7,312	6,622	7,214
Currency Exchange Gain (Loss)	-406.27	-402.66	379.99	-427.79	1,734	-1,616
Other Non Operating Income (Expenses)	-4,972	-4,198	-4,128	-3,787	-2,643	-1,848
EBT Excluding Unusual Items	16,767	17,491	19,008	20,519	19,277	17,592
Impairment of Goodwill	-	-	-14.57	-	-5.75	-214.14
Gain (Loss) on Sale of Investments	21.72	22.21	31.64	3.85	-46.59	-30.48
Gain (Loss) on Sale of Assets	129.36	127.32	833.61	234.56	226.34	1,091
Asset Writedown	-473.42	-387.86	-458.86	-57.42	-485	-140.06
Other Unusual Items	-4.23	-4.23	137.63	175.72	281.02	267.93
Pretax Income	16,440	17,248	19,537	20,876	19,247	18,566
Income Tax Expense	4,171	4,137	3,706	3,730	3,564	3,702
Earnings From Continuing Operations	12,269	13,111	15,831	17,146	15,683	14,864
Minority Interest in Earnings	-2,932	-3,104	-3,811	-4,197	-4,248	-5,000
Net Income	9,337	10,007	12,020	12,949	11,435	9,864
Preferred Dividends & Other Adjustments	918.49	918.49	1,081	-	-	-
Net Income to Common	8,419	9,089	10,939	12,949	11,435	9,864
Net Income Growth	-19.82%	-16.75%	-7.17%	13.24%	15.92%	23.50%
Shares Outstanding (Basic)	17,131	17,226	17,226	19,039	16,747	17,031
Shares Outstanding (Diluted)	17,131	17,226	17,226	19,039	16,747	17,031
Shares Change (YoY)	-0.69%	-	-9.52%	13.69%	-1.67%	-1.23%
EPS (Basic)	0.49	0.53	0.64	0.68	0.68	0.58
EPS (Diluted)	0.49	0.53	0.63	0.68	0.68	0.58
EPS Growth	-19.75%	-16.91%	-6.63%	-0.40%	17.89%	25.04%
Free Cash Flow	-13,797	-13,651	-34,545	-51,497	-26,948	-22,022
Free Cash Flow Per Share	-0.81	-0.79	-2.00	-2.71	-1.61	-1.29
Dividend Per Share	0.106	0.106	0.127	0.136	0.120	0.100
Dividend Growth	-16.88%	-16.88%	-6.99%	13.68%	20.59%	7.48%
Gross Margin	12.28%	12.43%	13.19%	13.23%	12.21%	12.01%
Operating Margin	4.67%	4.68%	4.96%	5.32%	4.70%	4.74%
Profit Margin	1.30%	1.41%	1.73%	2.13%	2.00%	1.75%
Free Cash Flow Margin	-2.13%	-2.11%	-5.45%	-8.46%	-4.71%	-3.90%
EBITDA	51,379	50,877	50,318	49,726	41,986	39,610
EBITDA Margin	7.93%	7.88%	7.94%	8.17%	7.34%	7.01%
D&A For EBITDA	21,110	20,664	18,879	17,356	15,115	12,830
EBIT	30,268	30,214	31,440	32,369	26,870	26,780
EBIT Margin	4.67%	4.68%	4.96%	5.32%	4.70%	4.74%
Effective Tax Rate	25.37%	23.99%	18.97%	17.87%	18.52%	19.94%
Revenue as Reported	648,715	646,237	634,732	609,844	572,613	565,653

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