SHA:601717 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	40,612	40,832	36,435	35,231	30,699	28,199
Other Revenue	521.31	521.79	589.13	1,165	1,322	1,076
Revenue	41,133	41,354	37,025	36,396	32,021	29,275
Revenue Growth (YoY)	10.81%	11.69%	1.73%	13.66%	9.38%	10.43%
Cost of Revenue	32,341	32,109	28,220	28,688	25,469	22,938
Gross Profit	8,792	9,245	8,805	7,707	6,552	6,337
Selling, General & Admin	2,488	2,428	2,336	2,101	1,889	2,094
Research & Development	1,617	1,626	1,520	1,561	1,378	1,433
Other Operating Expenses	32.28	47.36	-155.44	-109.72	67.79	69.08
Operating Expenses	4,412	4,495	3,878	3,491	3,385	3,624
Operating Income	4,380	4,750	4,927	4,217	3,167	2,713
Interest Expense	-206.48	-218.65	-262.68	-384.62	-292.86	-261.78
Interest & Investment Income	118.59	130.27	263.69	280.27	371.45	378.76
Currency Exchange Gain (Loss)	-77.23	-77.23	36.48	84.07	38.81	-32.83
Other Non Operating Income (Expenses)	-35.82	-14.62	7.34	-24.68	-94.64	0.26
EBT Excluding Unusual Items	4,179	4,570	4,972	4,172	3,189	2,798
Merger & Restructuring Charges	-	-	-	-	-	-210.84
Impairment of Goodwill	-88.28	-88.28	-	-43.62	-276.65	-78.94
Gain (Loss) on Sale of Investments	331.27	353.6	54.38	-56.46	38.96	-10.02
Gain (Loss) on Sale of Assets	166.28	4.88	16.49	11.11	14.12	12.37
Asset Writedown	-21.55	-13.39	-49.52	-1	-101.14	-85.68
Other Unusual Items	281.67	281.67	206.65	3.82	225.42	198.63
Pretax Income	4,848	5,108	5,200	4,086	3,090	2,623
Income Tax Expense	675.68	751.25	980.57	616.67	462.07	553.45
Earnings From Continuing Operations	4,173	4,357	4,220	3,469	2,628	2,070
Minority Interest in Earnings	-75.91	-63.6	-285.75	-195.11	-89.77	-122.08
Net Income	4,097	4,293	3,934	3,274	2,538	1,948
Preferred Dividends & Other Adjustments	-	-	-	-	-	18.4
Net Income to Common	4,097	4,293	3,934	3,274	2,538	1,929
Net Income Growth	2.92%	9.14%	20.16%	28.99%	30.31%	57.19%
Shares Outstanding (Basic)	-	1,754	1,778	1,763	1,746	1,733
Shares Outstanding (Diluted)	-	1,761	1,778	1,763	1,756	1,733
Shares Change (YoY)	-	-1.00%	0.85%	0.43%	1.35%	-0.17%
EPS (Basic)	-	2.45	2.21	1.86	1.45	1.11
EPS (Diluted)	-	2.44	2.21	1.85	1.45	1.11
EPS Growth	-	10.27%	19.69%	27.80%	29.85%	55.97%
Free Cash Flow	1,183	848.95	1,970	1,975	1,142	2,079
Free Cash Flow Per Share	-	0.48	1.11	1.12	0.65	1.20
Dividend Per Share	1.250	1.250	1.120	0.840	0.560	0.435
Dividend Growth	11.61%	11.61%	33.33%	50.00%	28.74%	107.24%
Gross Margin	21.37%	22.36%	23.78%	21.18%	20.46%	21.65%
Operating Margin	10.65%	11.49%	13.31%	11.59%	9.89%	9.27%
Profit Margin	9.96%	10.38%	10.63%	9.00%	7.93%	6.59%
Free Cash Flow Margin	2.88%	2.05%	5.32%	5.43%	3.56%	7.10%
EBITDA	5,481	5,831	5,927	5,140	3,950	3,639
EBITDA Margin	13.33%	14.10%	16.01%	14.12%	12.34%	12.43%
D&A For EBITDA	1,102	1,081	999.88	923.05	783.66	925.61
EBIT	4,380	4,750	4,927	4,217	3,167	2,713
EBIT Margin	10.65%	11.49%	13.31%	11.59%	9.89%	9.27%
Effective Tax Rate	13.94%	14.71%	18.86%	15.09%	14.95%	21.10%
Revenue as Reported	41,164	41,385	37,052	36,423	32,043	29,294
Advertising Expenses	-	18.81	12.17	12.4	4.17	21.51

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