SHA:601888 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	52,713	52,553	55,760	66,576	54,006	66,941
Other Revenue	1,141	1,141	713.36	964.42	427.24	734.2
Revenue	53,854	53,694	56,474	67,540	54,433	67,676
Revenue Growth (YoY)	-1.03%	-4.92%	-16.38%	24.08%	-19.57%	28.67%
Cost of Revenue	36,639	36,642	39,127	46,687	39,573	45,381
Gross Profit	17,215	17,052	17,347	20,853	14,860	22,294
Selling, General & Admin	10,761	10,888	11,052	11,629	6,241	6,111
Research & Development	80.71	89.98	19.87	58.42	39.03	-
Other Operating Expenses	1,335	1,260	1,268	1,644	1,215	1,839
Operating Expenses	12,179	12,240	12,340	13,332	7,496	7,950
Operating Income	5,036	4,812	5,007	7,520	7,365	14,344
Interest Expense	-166.18	-178.42	-202.5	-297.89	-194.18	-221.86
Interest & Investment Income	843	891.14	1,223	1,132	469.99	389.31
Currency Exchange Gain (Loss)	224.64	224.64	115.27	291.06	-190.12	283.43
Other Non Operating Income (Expenses)	-157.47	-162.03	-146.19	-166.69	-136.15	-269.51
EBT Excluding Unusual Items	5,780	5,587	5,996	8,479	7,314	14,526
Impairment of Goodwill	-337.86	-337.86	-	-	-	-
Gain (Loss) on Sale of Investments	-68.11	-69.02	-	-	-	-
Gain (Loss) on Sale of Assets	53.25	50.05	23.62	28.53	9.08	0.82
Asset Writedown	58.82	-7.73	-	-0.27	-	-
Other Unusual Items	98.6	84.53	128.24	137.98	293.62	275.07
Pretax Income	5,585	5,307	6,148	8,646	7,617	14,801
Income Tax Expense	1,580	1,618	1,286	1,379	1,429	2,437
Earnings From Continuing Operations	4,004	3,690	4,862	7,266	6,188	12,365
Minority Interest in Earnings	-7.47	-103.39	-595.38	-552.53	-1,158	-2,711
Net Income	3,997	3,586	4,267	6,714	5,030	9,654
Net Income to Common	3,997	3,586	4,267	6,714	5,030	9,654
Net Income Growth	2.52%	-15.96%	-36.44%	33.46%	-47.89%	57.23%
Shares Outstanding (Basic)	2,069	2,069	2,069	2,069	1,990	1,952
Shares Outstanding (Diluted)	2,069	2,069	2,069	2,069	1,990	1,952
Shares Change (YoY)	-	-0.00%	0.00%	3.96%	1.93%	-0.00%
EPS (Basic)	1.93	1.73	2.06	3.25	2.53	4.94
EPS (Diluted)	1.93	1.73	2.06	3.25	2.53	4.94
EPS Growth	2.52%	-15.96%	-36.44%	28.38%	-48.88%	57.23%
Free Cash Flow	3,830	4,785	6,820	13,325	-6,411	6,174
Free Cash Flow Per Share	1.85	2.31	3.30	6.44	-3.22	3.16
Dividend Per Share	0.700	0.700	1.050	1.650	0.800	1.500
Dividend Growth	-33.33%	-33.33%	-36.36%	106.25%	-46.67%	50.00%
Gross Margin	31.97%	31.76%	30.72%	30.88%	27.30%	32.94%
Operating Margin	9.35%	8.96%	8.87%	11.13%	13.53%	21.20%
Profit Margin	7.42%	6.68%	7.56%	9.94%	9.24%	14.27%
Free Cash Flow Margin	7.11%	8.91%	12.08%	19.73%	-11.78%	9.12%
EBITDA	5,409	5,196	5,435	7,876	7,632	14,580
EBITDA Margin	10.04%	9.68%	9.62%	11.66%	14.02%	21.54%
D&A For EBITDA	373.18	384.21	428.35	355.72	266.84	235.67
EBIT	5,036	4,812	5,007	7,520	7,365	14,344
EBIT Margin	9.35%	8.96%	8.87%	11.13%	13.53%	21.20%
Effective Tax Rate	28.30%	30.48%	20.91%	15.95%	18.76%	16.46%
Revenue as Reported	53,854	53,694	56,474	67,540	54,433	67,676
Advertising Expenses	-	208.04	274.08	410.27	360.8	356.89

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