SHA:601890 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	Jun '26 Jun 30, 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	2,187	2,069	1,961	1,911	1,496	1,281
Other Revenue	33.61	30.24	27.6	19.71	20.57	38.52
Revenue	2,221	2,099	1,989	1,931	1,516	1,320
Revenue Growth	8.68%	5.56%	2.98%	27.34%	14.93%	19.00%
Cost of Revenue	1,560	1,465	1,395	1,365	1,139	1,017
Gross Profit	661.46	634.51	594.16	566.2	377.16	302.87
Selling, General & Admin	211.71	205.86	198.53	213.82	155.58	137.16
Research & Development	134.36	132.69	113.91	107.76	78.05	65.77
Other Operating Expenses	9.78	8.76	-0.93	6.29	13.53	13.45
Operating Expenses	354.49	355.15	318.76	336.49	255.8	210.97
Operating Income	306.97	279.36	275.4	229.71	121.36	91.9
Interest Expense	-23.28	-19.59	-15.93	-13.23	-10.19	-10.77
Interest & Investment Income	154.25	83.81	47.2	41.33	28.26	69.63
Currency Exchange Gain (Loss)	-27.81	-11.67	9.51	-2.74	25.13	-3.95
Other Non Operating Income (Expenses)	-0.74	-1.77	-0.94	-1.52	-0.88	1.25
EBT Excluding Unusual Items	409.4	330.13	315.23	253.55	163.67	148.05
Gain (Loss) on Sale of Investments	16.66	42.92	19.45	30.71	6.12	-11.71
Gain (Loss) on Sale of Assets	0.16	-0.13	-0.08	-14.75	-0.08	-1.34
Other Unusual Items	3.23	1.79	0.84	0.89	6.59	9.1
Pretax Income	429.45	374.71	335.44	270.41	176.3	144.1
Income Tax Expense	59.57	47.05	46.8	35.99	24.32	22.9
Earnings From Continuing Operations	369.88	327.67	288.64	234.42	151.98	121.2
Minority Interest in Earnings	-14.23	-10.24	-6.71	2.09	-2.96	-0.03
Net Income	355.65	317.43	281.93	236.51	149.02	121.17
Net Income to Common	355.65	317.43	281.93	236.51	149.02	121.17
Net Income Growth	37.98%	12.59%	19.21%	58.71%	22.98%	39.02%
Shares Outstanding (Basic)	959	959	959	958	961	962
Shares Outstanding (Diluted)	959	959	959	958	961	962
Shares Change	0.02%	0.01%	0.15%	-0.41%	-0.03%	0.40%
EPS (Basic)	0.37	0.33	0.29	0.25	0.15	0.13
EPS (Diluted)	0.37	0.33	0.29	0.25	0.15	0.13
EPS Growth	37.96%	12.58%	19.03%	59.36%	23.02%	38.46%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-275.48	89.35	62.56	132.06	160.35	38.05
Free Cash Flow Per Share	-0.29	0.09	0.07	0.14	0.17	0.04
Dividend Per Share	0.110	0.100	0.100	0.105	0.050	0.040
Dividend Growth	-21.43%	0%	-4.76%	110.00%	25.00%	33.33%
Gross Margin	29.78%	30.23%	29.88%	29.32%	24.87%	22.95%
Operating Margin	13.82%	13.31%	13.85%	11.89%	8.00%	6.96%
Profit Margin	16.01%	15.12%	14.18%	12.25%	9.83%	9.18%
Free Cash Flow Margin	-12.40%	4.26%	3.15%	6.84%	10.57%	2.88%
EBITDA	400.47	343.74	355.12	305.63	194.82	164.86
EBITDA Margin	18.03%	16.38%	17.86%	15.83%	12.85%	12.49%
D&A For EBITDA	93.49	64.38	79.72	75.92	73.45	72.97
EBIT	306.97	279.36	275.4	229.71	121.36	91.9
EBIT Margin	13.82%	13.31%	13.85%	11.89%	8.00%	6.96%
Effective Tax Rate	13.87%	12.56%	13.95%	13.31%	13.79%	15.89%
Revenue as Reported	2,221	2,099	1,989	1,931	1,516	1,320