SHA:601677 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	36,245	34,603	31,782	25,797	27,033	23,973
Other Revenue	532.67	532.67	538.67	645.35	747.73	639.21
Revenue	36,778	35,135	32,321	26,442	27,781	24,613
Revenue Growth (YoY)	10.58%	8.71%	22.23%	-4.82%	12.87%	50.69%
Cost of Revenue	33,883	32,663	30,084	23,952	25,096	21,482
Gross Profit	2,895	2,473	2,237	2,490	2,685	3,131
Selling, General & Admin	368.86	373.54	377.71	325.9	317.46	309.86
Research & Development	398.34	385.11	445.74	1,084	994.7	953.48
Other Operating Expenses	-277.75	-307.62	-111.27	-16.61	-39.79	-54.79
Operating Expenses	504.57	458.98	723.49	1,405	1,269	1,217
Operating Income	2,390	2,014	1,513	1,086	1,416	1,914
Interest Expense	-	-	-	-45.09	-56.32	-60.4
Interest & Investment Income	142.17	91.44	137.2	80.74	121.07	124.38
Currency Exchange Gain (Loss)	32.72	32.72	43.59	50.94	124.99	-46.07
Other Non Operating Income (Expenses)	-96.58	-20.37	-14.13	-10.4	23.19	-46.7
EBT Excluding Unusual Items	2,469	2,117	1,680	1,162	1,629	1,885
Impairment of Goodwill	-6.56	-6.56	-	-	-	-
Gain (Loss) on Sale of Investments	-0.57	7.36	-1.52	-9.62	-1.11	-5.61
Gain (Loss) on Sale of Assets	-21	-12.55	-14.36	-5.71	-4.16	-19.48
Asset Writedown	4.2	-	-	-	-	-
Other Unusual Items	193.55	193.65	277.38	312.45	326.54	281.92
Pretax Income	2,638	2,299	1,941	1,459	1,950	2,142
Income Tax Expense	413.34	335.73	190.96	109.56	307.51	251.4
Earnings From Continuing Operations	2,225	1,964	1,750	1,349	1,642	1,890
Minority Interest in Earnings	-2.58	-3.64	-2.01	-1.9	-43.79	-38.43
Net Income	2,222	1,960	1,748	1,347	1,599	1,852
Net Income to Common	2,222	1,960	1,748	1,347	1,599	1,852
Net Income Growth	21.70%	12.10%	29.76%	-15.71%	-13.68%	73.08%
Shares Outstanding (Basic)	1,270	1,264	1,198	1,029	963	935
Shares Outstanding (Diluted)	1,270	1,264	1,258	1,029	1,066	980
Shares Change (YoY)	-0.06%	0.52%	22.29%	-3.48%	8.76%	-6.46%
EPS (Basic)	1.75	1.55	1.46	1.31	1.66	1.98
EPS (Diluted)	1.75	1.55	1.39	1.31	1.50	1.89
EPS Growth	21.77%	11.51%	6.11%	-12.67%	-20.64%	85.04%
Free Cash Flow	-687.34	690.38	212.68	451.98	-1,038	1,657
Free Cash Flow Per Share	-0.54	0.55	0.17	0.44	-0.97	1.69
Dividend Per Share	0.315	0.315	0.169	-	0.166	0.200
Dividend Growth	86.39%	86.39%	-	-	-17.00%	39.96%
Gross Margin	7.87%	7.04%	6.92%	9.42%	9.66%	12.72%
Operating Margin	6.50%	5.73%	4.68%	4.11%	5.10%	7.78%
Profit Margin	6.04%	5.58%	5.41%	5.10%	5.75%	7.52%
Free Cash Flow Margin	-1.87%	1.97%	0.66%	1.71%	-3.74%	6.73%
EBITDA	3,146	2,757	2,208	1,746	1,946	2,346
EBITDA Margin	8.55%	7.85%	6.83%	6.60%	7.00%	9.53%
D&A For EBITDA	755.33	743.29	695.11	660.87	530.24	432.54
EBIT	2,390	2,014	1,513	1,086	1,416	1,914
EBIT Margin	6.50%	5.73%	4.68%	4.11%	5.10%	7.78%
Effective Tax Rate	15.67%	14.60%	9.84%	7.51%	15.77%	11.74%
Revenue as Reported	36,778	35,135	32,321	26,442	27,781	24,613
Advertising Expenses	-	-	-	-	18.12	24.84

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