SHA:603019 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	15,563	14,950	13,101	14,347	13,003	11,265
Other Revenue	13.73	13.73	46.35	5.91	4.76	3.89
Revenue	15,577	14,964	13,148	14,353	13,008	11,269
Revenue Growth (YoY)	17.51%	13.81%	-8.39%	10.34%	15.43%	10.90%
Cost of Revenue	10,902	10,465	9,348	10,622	9,682	8,680
Gross Profit	4,675	4,499	3,800	3,730	3,326	2,588
Selling, General & Admin	1,107	1,080	1,126	1,046	929.27	796.26
Research & Development	1,873	1,671	1,292	1,316	1,105	982.89
Other Operating Expenses	66.81	39.02	31.97	26.35	34.85	17.96
Operating Expenses	3,207	2,950	2,530	2,487	2,145	1,822
Operating Income	1,468	1,549	1,270	1,244	1,182	766.35
Interest Expense	-14.53	-14.53	-59.14	-65.7	-57.45	-25.92
Interest & Investment Income	961.05	774.16	671.14	503.15	378.18	373.52
Currency Exchange Gain (Loss)	-8.65	-8.65	4.79	4.19	28.57	-7.42
Other Non Operating Income (Expenses)	49.24	0.75	-3.56	-4.85	-7.2	6.88
EBT Excluding Unusual Items	2,325	2,301	1,883	1,680	1,524	1,113
Impairment of Goodwill	-45.96	-45.96	-	-	-	-
Gain (Loss) on Sale of Investments	-7.2	-7.2	-76.53	-14.01	-28.18	0.05
Gain (Loss) on Sale of Assets	-0.21	0.63	-6.21	-1.97	2.78	-0.87
Asset Writedown	-8.59	-27.81	-42.94	-14.28	-2.75	-69.72
Legal Settlements	-	-	-	-2.14	-	-
Other Unusual Items	264.77	264.77	533.06	531.18	410.08	385.16
Pretax Income	2,527	2,485	2,291	2,179	1,906	1,428
Income Tax Expense	347.21	327.72	297.14	301.21	288.51	171.26
Earnings From Continuing Operations	2,180	2,158	1,993	1,878	1,617	1,257
Minority Interest in Earnings	37.39	18.62	-82.28	-42	-72.87	-80.37
Net Income	2,218	2,176	1,911	1,836	1,544	1,176
Net Income to Common	2,218	2,176	1,911	1,836	1,544	1,176
Net Income Growth	13.43%	13.87%	4.10%	18.88%	31.27%	43.05%
Shares Outstanding (Basic)	1,462	1,461	1,459	1,457	1,457	1,470
Shares Outstanding (Diluted)	1,462	1,461	1,459	1,469	1,457	1,470
Shares Change (YoY)	0.15%	0.12%	-0.67%	0.81%	-0.92%	10.86%
EPS (Basic)	1.52	1.49	1.31	1.26	1.06	0.80
EPS (Diluted)	1.52	1.49	1.31	1.25	1.06	0.80
EPS Growth	13.27%	13.74%	4.80%	17.93%	32.50%	29.03%
Free Cash Flow	-275.08	396.12	1,862	1,343	-1,560	-2,152
Free Cash Flow Per Share	-0.19	0.27	1.28	0.91	-1.07	-1.46
Dividend Per Share	0.450	0.450	0.270	0.250	0.220	0.160
Dividend Growth	66.67%	66.67%	8.00%	13.64%	37.50%	14.29%
Gross Margin	30.01%	30.07%	28.90%	25.99%	25.57%	22.97%
Operating Margin	9.42%	10.35%	9.66%	8.66%	9.08%	6.80%
Profit Margin	14.24%	14.54%	14.54%	12.79%	11.87%	10.44%
Free Cash Flow Margin	-1.77%	2.65%	14.16%	9.36%	-12.00%	-19.10%
EBITDA	2,253	2,343	2,096	1,849	1,694	1,152
EBITDA Margin	14.47%	15.66%	15.94%	12.88%	13.02%	10.22%
D&A For EBITDA	785.54	793.64	826.01	605.74	512.2	385.89
EBIT	1,468	1,549	1,270	1,244	1,182	766.35
EBIT Margin	9.42%	10.35%	9.66%	8.66%	9.08%	6.80%
Effective Tax Rate	13.74%	13.19%	12.97%	13.82%	15.14%	11.99%
Revenue as Reported	14,964	14,964	13,148	14,353	13,008	11,269

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.