SHA:601999 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	1,959	2,030	2,370	2,347	2,532	2,803
Other Revenue	65.55	65.55	56.54	65.17	79.55	65.69
Revenue	2,025	2,096	2,426	2,412	2,611	2,869
Revenue Growth (YoY)	-17.16%	-13.63%	0.60%	-7.64%	-8.98%	12.85%
Cost of Revenue	1,545	1,626	1,916	1,934	2,153	2,348
Gross Profit	479.17	470.03	510.59	478.16	458.3	520.58
Selling, General & Admin	397.47	387.31	403.28	439.65	453.56	462.2
Research & Development	15.77	13.46	12.53	14.8	14.88	16.38
Other Operating Expenses	8.07	7.63	4.88	5.07	2.85	2.26
Operating Expenses	433.15	420.24	444.27	469.35	479.86	486.52
Operating Income	46.02	49.79	66.32	8.82	-21.56	34.06
Interest Expense	-6.48	-6.48	-8.1	-10.74	-13.62	-15.29
Interest & Investment Income	24.53	24.56	29.26	30.46	36.21	26.6
Currency Exchange Gain (Loss)	-0.37	-0.37	0	0.21	0.08	0.01
Other Non Operating Income (Expenses)	-1.13	-3.44	-5.17	-20.41	-2.13	-2.57
EBT Excluding Unusual Items	62.56	64.06	82.32	8.34	-1.03	42.81
Gain (Loss) on Sale of Investments	-	-	-	-8.59	0	0
Gain (Loss) on Sale of Assets	1.54	2.19	6.15	4.08	7.41	-0.05
Asset Writedown	1.24	-	-	-	-0.45	-
Legal Settlements	-	-	1.02	-	-	0
Other Unusual Items	34.29	34.29	35.18	70.37	67.94	64.74
Pretax Income	99.63	100.55	124.66	74.2	73.86	107.5
Income Tax Expense	0.84	0.92	25.38	-24.78	0.17	0.8
Earnings From Continuing Operations	98.79	99.63	99.28	98.97	73.7	106.7
Minority Interest in Earnings	5.91	5.4	2.89	13.14	1.67	2.07
Net Income	104.7	105.03	102.18	112.12	75.36	108.77
Net Income to Common	104.7	105.03	102.18	112.12	75.36	108.77
Net Income Growth	-10.33%	2.79%	-8.87%	48.77%	-30.71%	-28.78%
Shares Outstanding (Basic)	545	553	538	561	538	544
Shares Outstanding (Diluted)	545	553	538	561	538	544
Shares Change (YoY)	4.42%	2.79%	-4.07%	4.14%	-1.01%	-0.29%
EPS (Basic)	0.19	0.19	0.19	0.20	0.14	0.20
EPS (Diluted)	0.19	0.19	0.19	0.20	0.14	0.20
EPS Growth	-14.12%	-	-5.00%	42.86%	-30.00%	-28.57%
Free Cash Flow	276.62	270.22	113.26	221.74	109.84	99.18
Free Cash Flow Per Share	0.51	0.49	0.21	0.40	0.20	0.18
Dividend Per Share	0.060	0.060	0.060	0.062	0.042	0.060
Dividend Growth	-	-	-3.23%	47.62%	-30.00%	-29.41%
Gross Margin	23.67%	22.43%	21.04%	19.83%	17.55%	18.15%
Operating Margin	2.27%	2.38%	2.73%	0.37%	-0.83%	1.19%
Profit Margin	5.17%	5.01%	4.21%	4.65%	2.89%	3.79%
Free Cash Flow Margin	13.66%	12.90%	4.67%	9.19%	4.21%	3.46%
EBITDA	80.91	86.9	112.28	51.39	23.8	81.14
EBITDA Margin	4.00%	4.15%	4.63%	2.13%	0.91%	2.83%
D&A For EBITDA	34.89	37.1	45.96	42.57	45.36	47.08
EBIT	46.02	49.79	66.32	8.82	-21.56	34.06
EBIT Margin	2.27%	2.38%	2.73%	0.37%	-0.83%	1.19%
Effective Tax Rate	0.84%	0.91%	20.36%	-	0.22%	0.74%
Revenue as Reported	2,096	2,096	2,426	2,412	2,611	2,869
Advertising Expenses	-	24.87	27.76	24.17	23.82	21.39

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