SHA:601872 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	31,041	28,080	25,781	25,881	29,708	24,412
Other Revenue	97.09	97.09	18.57	-	-	-
Revenue	31,138	28,177	25,799	25,881	29,708	24,412
Revenue Growth (YoY)	23.86%	9.22%	-0.32%	-12.88%	21.70%	12.96%
Cost of Revenue	21,479	20,718	18,467	19,177	23,195	19,836
Gross Profit	9,659	7,460	7,332	6,704	6,513	4,576
Selling, General & Admin	1,090	1,090	926.74	1,058	978.47	919.7
Research & Development	23.52	27.58	18.58	3.94	1.27	0.18
Other Operating Expenses	25.14	25.66	125.11	15.69	32.35	-13.57
Operating Expenses	1,135	1,143	1,069	1,064	1,031	912.33
Operating Income	8,524	6,317	6,263	5,640	5,482	3,664
Interest Expense	-1,108	-1,133	-1,232	-1,269	-858.44	-586.34
Interest & Investment Income	918.24	903.42	797.66	842.21	164.12	905.37
Earnings From Equity Investments	-	-	-	-	645.54	-
Currency Exchange Gain (Loss)	-117.48	-117.48	66.18	41.4	310.13	-72.79
Other Non Operating Income (Expenses)	-114.89	-19.74	-4.83	-2.47	-45.77	-36.13
EBT Excluding Unusual Items	8,102	5,950	5,890	5,253	5,698	3,874
Gain (Loss) on Sale of Investments	170.82	165.38	-	-	-	-
Gain (Loss) on Sale of Assets	727.22	677.66	2.85	50.64	272.44	500.38
Asset Writedown	-36.24	-33.1	-8.55	-53.08	-27.98	-0.47
Legal Settlements	-11.82	-11.82	-	-1.21	-30.06	-43.46
Other Unusual Items	74.28	74.28	67.83	165.63	21.66	12.27
Pretax Income	9,079	6,875	5,952	5,415	5,934	4,343
Income Tax Expense	1,111	803.93	743.13	492.96	865.5	684.32
Earnings From Continuing Operations	7,968	6,071	5,209	4,922	5,068	3,659
Minority Interest in Earnings	-57.92	-58.62	-101.76	-84.67	18.92	-49.5
Net Income	7,910	6,012	5,107	4,837	5,087	3,609
Net Income to Common	7,910	6,012	5,107	4,837	5,087	3,609
Net Income Growth	72.05%	17.71%	5.59%	-4.92%	40.96%	19.52%
Shares Outstanding (Basic)	8,189	8,124	8,107	8,062	8,340	7,519
Shares Outstanding (Diluted)	8,189	8,124	8,107	8,062	8,340	7,519
Shares Change (YoY)	1.71%	0.21%	0.56%	-3.34%	10.92%	-6.63%
EPS (Basic)	0.97	0.74	0.63	0.60	0.61	0.48
EPS (Diluted)	0.97	0.74	0.63	0.60	0.61	0.48
EPS Growth	69.15%	17.46%	5.00%	-1.64%	27.08%	28.00%
Free Cash Flow	82.97	1,258	925.98	4,429	4,299	4,079
Free Cash Flow Per Share	0.01	0.15	0.11	0.55	0.52	0.54
Dividend Per Share	0.320	0.320	0.256	0.238	0.190	0.110
Dividend Growth	25.00%	25.00%	7.56%	25.26%	72.73%	6.49%
Gross Margin	31.02%	26.47%	28.42%	25.90%	21.92%	18.75%
Operating Margin	27.38%	22.42%	24.27%	21.79%	18.45%	15.01%
Profit Margin	25.40%	21.34%	19.80%	18.69%	17.12%	14.78%
Free Cash Flow Margin	0.27%	4.46%	3.59%	17.11%	14.47%	16.71%
EBITDA	10,939	8,704	8,544	7,843	7,544	5,628
EBITDA Margin	35.13%	30.89%	33.12%	30.30%	25.39%	23.05%
D&A For EBITDA	2,415	2,388	2,281	2,202	2,062	1,964
EBIT	8,524	6,317	6,263	5,640	5,482	3,664
EBIT Margin	27.38%	22.42%	24.27%	21.79%	18.45%	15.01%
Effective Tax Rate	12.24%	11.69%	12.48%	9.10%	14.59%	15.76%
Revenue as Reported	31,138	28,177	25,799	25,881	29,708	24,412

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