SHA:601699 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	27,679	27,384	35,389	42,800	54,032	44,999
Other Revenue	435.92	435.92	460.82	336.98	265.35	322.8
Revenue	28,115	27,820	35,850	43,137	54,297	45,322
Revenue Growth (YoY)	-17.69%	-22.40%	-16.89%	-20.55%	19.80%	74.00%
Cost of Revenue	18,962	18,855	22,851	22,766	24,140	23,504
Gross Profit	9,153	8,965	12,999	20,371	30,157	21,818
Selling, General & Admin	3,750	3,618	3,845	3,696	3,341	2,956
Research & Development	1,054	1,050	995.1	1,436	1,479	1,330
Other Operating Expenses	3,126	3,061	3,661	3,573	4,212	3,506
Operating Expenses	8,039	7,836	8,827	8,766	8,988	7,795
Operating Income	1,114	1,129	4,172	11,605	21,170	14,023
Interest Expense	-345.79	-324.98	-442.99	-400.75	-1,046	-1,435
Interest & Investment Income	181.8	168.11	362.49	459.34	325.38	223.67
Other Non Operating Income (Expenses)	72.06	13.04	-6.33	-20.22	-12.71	-124.56
EBT Excluding Unusual Items	1,022	984.81	4,086	11,643	20,436	12,687
Gain (Loss) on Sale of Investments	-	-	-	-	-57.21	-1,590
Gain (Loss) on Sale of Assets	277.53	204.96	74.41	-8.55	-422.87	-1,556
Asset Writedown	4	-	-0.42	-39.97	-	-347.31
Legal Settlements	-1.87	-1.87	-1.48	-7.62	-3.17	-8.64
Other Unusual Items	-24.59	-8.05	-57.96	63.27	-47.48	62.95
Pretax Income	1,292	1,194	4,107	11,661	19,911	9,256
Income Tax Expense	550.9	581.33	1,240	2,386	4,260	2,394
Earnings From Continuing Operations	740.67	613.14	2,867	9,275	15,651	6,862
Minority Interest in Earnings	436.3	502.02	-417.86	-1,354	-1,476	-130.65
Net Income	1,177	1,115	2,450	7,922	14,175	6,731
Net Income to Common	1,177	1,115	2,450	7,922	14,175	6,731
Net Income Growth	-35.30%	-54.47%	-69.08%	-44.12%	110.59%	245.97%
Shares Outstanding (Basic)	3,016	3,014	2,987	2,989	2,990	2,992
Shares Outstanding (Diluted)	3,016	3,014	2,987	2,989	2,990	2,992
Shares Change (YoY)	1.02%	0.89%	-0.07%	-0.04%	-0.04%	-0.05%
EPS (Basic)	0.39	0.37	0.82	2.65	4.74	2.25
EPS (Diluted)	0.39	0.37	0.82	2.65	4.74	2.25
EPS Growth	-35.95%	-54.88%	-69.06%	-44.09%	110.67%	246.15%
Free Cash Flow	11,123	4,799	-8,031	8,174	33,018	5,898
Free Cash Flow Per Share	3.69	1.59	-2.69	2.73	11.04	1.97
Dividend Per Share	0.187	0.187	0.410	1.589	2.850	0.673
Dividend Growth	-54.39%	-54.39%	-74.20%	-44.25%	323.48%	246.91%
Gross Margin	32.56%	32.23%	36.26%	47.22%	55.54%	48.14%
Operating Margin	3.96%	4.06%	11.64%	26.90%	38.99%	30.94%
Profit Margin	4.19%	4.01%	6.83%	18.36%	26.11%	14.85%
Free Cash Flow Margin	39.56%	17.25%	-22.40%	18.95%	60.81%	13.01%
EBITDA	3,476	3,548	6,818	15,054	24,576	16,707
EBITDA Margin	12.36%	12.75%	19.02%	34.90%	45.26%	36.86%
D&A For EBITDA	2,362	2,419	2,646	3,449	3,406	2,683
EBIT	1,114	1,129	4,172	11,605	21,170	14,023
EBIT Margin	3.96%	4.06%	11.64%	26.90%	38.99%	30.94%
Effective Tax Rate	42.65%	48.67%	30.19%	20.46%	21.39%	25.86%
Revenue as Reported	28,115	27,820	35,850	43,137	54,297	45,322
Advertising Expenses	-	6.7	5.16	5.25	4.97	3.42

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