SHA:601899 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	366,343	346,774	301,612	291,735	268,084	222,018
Other Revenue	2,305	2,305	2,028	1,668	2,245	3,084
Revenue	368,648	349,079	303,640	293,403	270,329	225,102
Revenue Growth (YoY)	19.77%	14.96%	3.49%	8.54%	20.09%	31.25%
Cost of Revenue	254,207	252,354	242,133	247,117	227,765	190,419
Gross Profit	114,442	96,725	61,507	46,286	42,564	34,684
Selling, General & Admin	13,041	12,009	8,467	8,289	6,885	5,631
Research & Development	1,751	1,715	1,582	1,567	1,232	770.66
Other Operating Expenses	9,041	7,837	5,739	4,756	4,268	3,460
Operating Expenses	23,954	21,704	15,758	14,699	12,567	9,954
Operating Income	90,487	75,021	45,750	31,587	29,997	24,729
Interest Expense	-3,717	-3,712	-4,297	-4,664	-3,192	-1,944
Interest & Investment Income	7,659	8,589	6,591	5,428	4,222	2,446
Currency Exchange Gain (Loss)	-640.51	-640.51	53.59	-128.77	333.69	-17.18
Other Non Operating Income (Expenses)	-249.43	-341.23	-412.23	-475.26	-1,369	289.89
EBT Excluding Unusual Items	93,539	78,917	47,685	31,748	29,992	25,504
Impairment of Goodwill	-1.26	-1.26	-5.15	-57.74	-71.1	-
Gain (Loss) on Sale of Investments	5,287	2,944	948.45	-174.42	-255.49	-231.86
Gain (Loss) on Sale of Assets	-18.68	-15.55	27.35	37.31	-5.22	-7.82
Asset Writedown	-570.26	-425.45	-633.58	-299.73	-178.23	-640.3
Other Unusual Items	-587.54	-666.96	55.55	34.39	510.86	169.82
Pretax Income	97,648	80,753	48,078	31,287	29,993	24,794
Income Tax Expense	21,125	16,930	8,685	4,748	5,226	5,194
Earnings From Continuing Operations	76,523	63,822	39,393	26,540	24,767	19,600
Minority Interest in Earnings	-14,833	-12,045	-7,342	-5,420	-4,725	-3,927
Net Income	61,690	51,777	32,051	21,119	20,042	15,673
Preferred Dividends & Other Adjustments	-	-	9.51	0.51	19.31	244.07
Net Income to Common	61,690	51,777	32,041	21,119	20,023	15,429
Net Income Growth	71.57%	61.55%	51.76%	5.38%	27.88%	140.80%
Shares Outstanding (Basic)	26,591	26,578	26,396	26,260	26,232	25,811
Shares Outstanding (Diluted)	27,475	27,415	26,833	26,293	26,261	25,819
Shares Change (YoY)	1.70%	2.17%	2.05%	0.12%	1.71%	1.46%
EPS (Basic)	2.32	1.95	1.21	0.80	0.76	0.60
EPS (Diluted)	2.26	1.91	1.20	0.80	0.76	0.60
EPS Growth	68.70%	58.20%	50.00%	5.25%	27.68%	142.71%
Free Cash Flow	59,019	44,447	24,063	6,431	3,884	5,924
Free Cash Flow Per Share	2.15	1.62	0.90	0.24	0.15	0.23
Dividend Per Share	0.380	0.380	0.380	0.250	0.200	0.200
Dividend Growth	-	-	52.00%	25.00%	-	66.67%
Gross Margin	31.04%	27.71%	20.26%	15.78%	15.75%	15.41%
Operating Margin	24.55%	21.49%	15.07%	10.77%	11.10%	10.99%
Profit Margin	16.73%	14.83%	10.55%	7.20%	7.41%	6.85%
Free Cash Flow Margin	16.01%	12.73%	7.92%	2.19%	1.44%	2.63%
EBITDA	108,018	91,025	55,649	41,381	39,724	32,525
EBITDA Margin	29.30%	26.08%	18.33%	14.10%	14.70%	14.45%
D&A For EBITDA	17,530	16,004	9,899	9,794	9,727	7,796
EBIT	90,487	75,021	45,750	31,587	29,997	24,729
EBIT Margin	24.55%	21.49%	15.07%	10.77%	11.10%	10.99%
Effective Tax Rate	21.63%	20.97%	18.06%	15.17%	17.42%	20.95%

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