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	Sep '26 Sep 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	2,068	2,069	1,961	1,911	1,496	1,281
Other Revenue	30.24	30.24	27.6	19.71	20.57	38.52
Revenue	2,098	2,099	1,989	1,931	1,516	1,320
Revenue Growth	1.57%	5.56%	2.98%	27.34%	14.93%	19.00%
Cost of Revenue	1,475	1,465	1,395	1,365	1,139	1,017
Gross Profit	623.79	634.51	594.16	566.2	377.16	302.87
Selling, General & Admin	206.89	205.86	198.53	213.82	155.58	137.16
Research & Development	137.75	132.69	113.91	107.76	78.05	65.77
Other Operating Expenses	2.89	8.76	-0.93	6.29	13.53	13.45
Operating Expenses	342.18	355.15	318.76	336.49	255.8	210.97
Operating Income	281.61	279.36	275.4	229.71	121.36	91.9
Interest Expense	-22.94	-19.59	-15.93	-13.23	-10.19	-10.77
Interest & Investment Income	158.93	83.81	47.2	41.33	28.26	69.63
Currency Exchange Gain (Loss)	-11.67	-11.67	9.51	-2.74	25.13	-3.95
Other Non Operating Income (Expenses)	-25.18	-1.77	-0.94	-1.52	-0.88	1.25
EBT Excluding Unusual Items	380.75	330.13	315.23	253.55	163.67	148.05
Gain (Loss) on Sale of Investments	47.74	42.92	19.45	30.71	6.12	-11.71
Gain (Loss) on Sale of Assets	0.11	-0.13	-0.08	-14.75	-0.08	-1.34
Other Unusual Items	3.91	1.79	0.84	0.89	6.59	9.1
Pretax Income	432.51	374.71	335.44	270.41	176.3	144.1
Income Tax Expense	57.53	47.05	46.8	35.99	24.32	22.9
Earnings From Continuing Operations	374.97	327.67	288.64	234.42	151.98	121.2
Minority Interest in Earnings	-15.27	-10.24	-6.71	2.09	-2.96	-0.03
Net Income	359.71	317.43	281.93	236.51	149.02	121.17
Net Income to Common	359.71	317.43	281.93	236.51	149.02	121.17
Net Income Growth	19.88%	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	-0.00%	0.01%	0.15%	-0.41%	-0.03%	0.40%
EPS (Basic)	0.38	0.33	0.29	0.25	0.15	0.13
EPS (Diluted)	0.38	0.33	0.29	0.25	0.15	0.13
EPS Growth	19.88%	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	Sep '26 Sep 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	-181.71	89.35	62.56	132.06	160.35	38.05
Free Cash Flow Per Share	-0.19	0.09	0.07	0.14	0.17	0.04
Dividend Per Share	0.060	0.100	0.100	0.105	0.050	0.040
Dividend Growth	-57.14%	0%	-4.76%	110.00%	25.00%	33.33%
Gross Margin	29.73%	30.23%	29.88%	29.32%	24.87%	22.95%
Operating Margin	13.42%	13.31%	13.85%	11.89%	8.00%	6.96%
Profit Margin	17.14%	15.12%	14.18%	12.25%	9.83%	9.18%
Free Cash Flow Margin	-8.66%	4.26%	3.15%	6.84%	10.57%	2.88%
EBITDA	334.48	343.74	355.12	305.63	194.82	164.86
EBITDA Margin	15.94%	16.38%	17.86%	15.83%	12.85%	12.49%
D&A For EBITDA	52.87	64.38	79.72	75.92	73.45	72.97
EBIT	281.61	279.36	275.4	229.71	121.36	91.9
EBIT Margin	13.42%	13.31%	13.85%	11.89%	8.00%	6.96%
Effective Tax Rate	13.30%	12.56%	13.95%	13.31%	13.79%	15.89%
Revenue as Reported	2,098	2,099	1,989	1,931	1,516	1,320