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	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	376,027	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	378,332	349,079	303,640	293,403	270,329	225,102
Revenue Growth	15.54%	14.96%	3.49%	8.54%	20.09%	31.25%
Cost of Revenue	236,043	252,354	242,133	247,117	227,765	190,419
Gross Profit	142,289	96,725	61,507	46,286	42,564	34,684
Selling, General & Admin	13,826	12,009	8,467	8,289	6,885	5,631
Research & Development	1,953	1,715	1,582	1,567	1,232	770.66
Other Operating Expenses	10,822	7,837	5,739	4,756	4,268	3,460
Operating Expenses	26,737	21,704	15,758	14,699	12,567	9,954
Operating Income	115,552	75,021	45,750	31,587	29,997	24,729
Interest Expense	-3,690	-3,712	-4,297	-4,664	-3,192	-1,944
Interest & Investment Income	6,281	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)	630.42	-341.23	-412.23	-475.26	-1,369	289.89
EBT Excluding Unusual Items	118,133	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	2,348	2,944	948.45	-174.42	-255.49	-231.86
Gain (Loss) on Sale of Assets	-221.03	-15.55	27.35	37.31	-5.22	-7.82
Asset Writedown	-479.34	-425.45	-633.58	-299.73	-178.23	-640.3
Other Unusual Items	-1,064	-666.96	55.55	34.39	510.86	169.82
Pretax Income	118,714	80,753	48,078	31,287	29,993	24,794
Income Tax Expense	27,083	16,930	8,685	4,748	5,226	5,194
Earnings From Continuing Operations	91,632	63,822	39,393	26,540	24,767	19,600
Minority Interest in Earnings	-20,192	-12,045	-7,342	-5,420	-4,725	-3,927
Net Income	71,439	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	71,439	51,777	32,041	21,119	20,023	15,429
Net Income Growth	56.85%	61.60%	51.72%	5.47%	29.78%	146.86%
Shares Outstanding (Basic)	26,597	26,578	26,396	26,260	26,232	25,811
Shares Outstanding (Diluted)	27,559	27,415	26,833	26,293	26,261	25,819
Shares Change	1.12%	2.17%	2.05%	0.12%	1.71%	1.46%
EPS (Basic)	2.69	1.95	1.21	0.80	0.76	0.60
EPS (Diluted)	2.61	1.91	1.20	0.80	0.76	0.60
EPS Growth	55.16%	58.20%	50.00%	5.25%	27.68%	142.71%

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	72,827	44,447	24,063	6,431	3,884	5,924
Free Cash Flow Per Share	2.64	1.62	0.90	0.24	0.15	0.23
Dividend Per Share	0.800	0.600	0.380	0.250	0.200	0.200
Dividend Growth	60.00%	57.89%	52.00%	25.00%	0%	66.67%
Gross Margin	37.61%	27.71%	20.26%	15.78%	15.75%	15.41%
Operating Margin	30.54%	21.49%	15.07%	10.77%	11.10%	10.99%
Profit Margin	18.88%	14.83%	10.55%	7.20%	7.41%	6.85%
Free Cash Flow Margin	19.25%	12.73%	7.92%	2.19%	1.44%	2.63%
EBITDA	136,135	91,025	55,649	41,381	39,724	32,525
EBITDA Margin	35.98%	26.08%	18.33%	14.10%	14.70%	14.45%
D&A For EBITDA	20,583	16,004	9,899	9,794	9,727	7,796
EBIT	115,552	75,021	45,750	31,587	29,997	24,729
EBIT Margin	30.54%	21.49%	15.07%	10.77%	11.10%	10.99%
Effective Tax Rate	22.81%	20.97%	18.06%	15.17%	17.42%	20.95%