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	Jun '26 Jun 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	1,852	2,030	2,370	2,347	2,532	2,803
Other Revenue	35.79	65.55	56.54	65.17	79.55	65.69
Revenue	1,888	2,096	2,426	2,412	2,611	2,869
Revenue Growth	-20.40%	-13.63%	0.60%	-7.64%	-8.98%	12.85%
Cost of Revenue	1,416	1,626	1,916	1,934	2,153	2,348
Gross Profit	471.71	470.03	510.59	478.16	458.3	520.58
Selling, General & Admin	394.05	387.31	403.28	439.65	453.56	462.2
Research & Development	11.04	13.46	12.53	14.8	14.88	16.38
Other Operating Expenses	11	7.63	4.88	5.07	2.85	2.26
Operating Expenses	423.54	420.24	444.27	469.35	479.86	486.52
Operating Income	48.17	49.79	66.32	8.82	-21.56	34.06
Interest Expense	-1.63	-6.48	-8.1	-10.74	-13.62	-15.29
Interest & Investment Income	11.84	24.56	29.26	30.46	36.21	26.6
Currency Exchange Gain (Loss)	-0.03	-0.37	0	0.21	0.08	0.01
Other Non Operating Income (Expenses)	-3.14	-3.44	-5.17	-20.41	-2.13	-2.57
EBT Excluding Unusual Items	55.22	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	1.27	2.19	6.15	4.08	7.41	-0.05
Asset Writedown	-8.03	-	-	-	-0.45	-
Legal Settlements	-	-	1.02	-	-	0
Other Unusual Items	40.19	34.29	35.18	70.37	67.94	64.74
Pretax Income	88.65	100.55	124.66	74.2	73.86	107.5
Income Tax Expense	0.74	0.92	25.38	-24.78	0.17	0.8
Earnings From Continuing Operations	87.91	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	93.81	105.03	102.18	112.12	75.36	108.77
Net Income to Common	93.81	105.03	102.18	112.12	75.36	108.77
Net Income Growth	-28.97%	2.79%	-8.87%	48.77%	-30.71%	-28.78%
Shares Outstanding (Basic)	550	553	538	561	538	544
Shares Outstanding (Diluted)	550	553	538	561	538	544
Shares Change	16.71%	2.79%	-4.07%	4.14%	-1.01%	-0.29%
EPS (Basic)	0.17	0.19	0.19	0.20	0.14	0.20
EPS (Diluted)	0.17	0.19	0.19	0.20	0.14	0.20
EPS Growth	-39.14%	0%	-5.00%	42.86%	-30.00%	-28.57%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	219.33	270.22	113.26	221.74	109.84	99.18
Free Cash Flow Per Share	0.40	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	0%	0%	-3.23%	47.62%	-30.00%	-29.41%
Gross Margin	24.99%	22.43%	21.04%	19.83%	17.55%	18.15%
Operating Margin	2.55%	2.38%	2.73%	0.37%	-0.83%	1.19%
Profit Margin	4.97%	5.01%	4.21%	4.65%	2.89%	3.79%
Free Cash Flow Margin	11.62%	12.90%	4.67%	9.19%	4.21%	3.46%
EBITDA	87.92	86.9	112.28	51.39	23.8	81.14
EBITDA Margin	4.66%	4.15%	4.63%	2.13%	0.91%	2.83%
D&A For EBITDA	39.75	37.1	45.96	42.57	45.36	47.08
EBIT	48.17	49.79	66.32	8.82	-21.56	34.06
EBIT Margin	2.55%	2.38%	2.73%	0.37%	-0.83%	1.19%
Effective Tax Rate	0.83%	0.91%	20.36%	-	0.22%	0.74%
Revenue as Reported	1,103	2,096	2,426	2,412	2,611	2,869
Advertising Expenses	-	24.87	27.76	24.17	23.82	21.39