SHA:601921 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	9,985	10,187	10,830	11,356	11,494	11,140
Other Revenue	356.31	356.31	363.18	318.17	290.49	254.6
Revenue	10,341	10,544	11,193	11,674	11,785	11,395
Revenue Growth (YoY)	-7.18%	-5.80%	-4.12%	-0.93%	3.42%	16.18%
Cost of Revenue	7,378	7,486	8,047	8,548	8,629	8,344
Gross Profit	2,964	3,058	3,146	3,126	3,155	3,051
Selling, General & Admin	1,986	2,042	2,086	2,223	2,082	2,007
Research & Development	23.79	23.32	13.56	8.46	8.55	10.41
Other Operating Expenses	65.5	33.51	77.55	9.89	30.2	36.45
Operating Expenses	2,043	2,069	2,203	2,248	2,186	2,075
Operating Income	920.94	989.03	943.38	878.36	969.07	976.59
Interest Expense	-2.73	-2.75	-2.29	-5.88	-8.78	-2.81
Interest & Investment Income	279.99	258.26	328.19	408.14	380.46	264.82
Currency Exchange Gain (Loss)	0.34	0.34	-0.33	-0	0.6	0.48
Other Non Operating Income (Expenses)	9.29	-12.28	-18.27	-9.03	-9.12	-14.63
EBT Excluding Unusual Items	1,208	1,233	1,251	1,272	1,332	1,224
Impairment of Goodwill	-	-	-	-	-1.53	-
Gain (Loss) on Sale of Investments	-	-	-	-94.15	-63.88	4.52
Gain (Loss) on Sale of Assets	6.2	5.89	7.8	84.33	102.16	92.68
Asset Writedown	-8.38	-1.19	-4.3	-0.56	-0.49	0.96
Other Unusual Items	64.49	64.49	101.19	7.16	66.08	39.46
Pretax Income	1,270	1,302	1,355	1,268	1,435	1,362
Income Tax Expense	10.37	10.78	267.83	-244.66	17.24	41.63
Earnings From Continuing Operations	1,260	1,291	1,088	1,513	1,417	1,320
Minority Interest in Earnings	-5.09	-5.31	-4.9	-3.94	-3.76	-3.38
Net Income	1,255	1,286	1,083	1,509	1,414	1,317
Net Income to Common	1,255	1,286	1,083	1,509	1,414	1,317
Net Income Growth	10.69%	18.76%	-28.26%	6.76%	7.33%	14.66%
Shares Outstanding (Basic)	2,222	2,222	2,209	2,222	2,222	2,093
Shares Outstanding (Diluted)	2,222	2,222	2,209	2,222	2,222	2,093
Shares Change (YoY)	0.55%	0.58%	-0.57%	-0.00%	6.20%	3.84%
EPS (Basic)	0.56	0.58	0.49	0.68	0.64	0.63
EPS (Diluted)	0.56	0.58	0.49	0.68	0.64	0.63
EPS Growth	10.08%	18.07%	-27.85%	6.76%	1.06%	10.42%
Free Cash Flow	550.23	639.19	456.31	1,107	1,999	1,597
Free Cash Flow Per Share	0.25	0.29	0.21	0.50	0.90	0.76
Dividend Per Share	0.320	0.320	0.300	0.390	0.350	0.320
Dividend Growth	6.67%	6.67%	-23.08%	11.43%	9.38%	-
Gross Margin	28.66%	29.00%	28.11%	26.78%	26.78%	26.78%
Operating Margin	8.91%	9.38%	8.43%	7.52%	8.22%	8.57%
Profit Margin	12.13%	12.19%	9.67%	12.93%	12.00%	11.56%
Free Cash Flow Margin	5.32%	6.06%	4.08%	9.48%	16.96%	14.01%
EBITDA	1,143	1,210	1,159	1,077	1,150	1,157
EBITDA Margin	11.05%	11.47%	10.35%	9.23%	9.76%	10.15%
D&A For EBITDA	221.83	220.57	215.51	198.92	181.1	180.6
EBIT	920.94	989.03	943.38	878.36	969.07	976.59
EBIT Margin	8.91%	9.38%	8.43%	7.52%	8.22%	8.57%
Effective Tax Rate	0.82%	0.83%	19.76%	-	1.20%	3.06%
Revenue as Reported	-	-	-	11,674	11,785	11,395
Advertising Expenses	-	172.92	196.25	205.69	150.95	130.09

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