SHA:603128 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	18,301	17,959	17,515	14,602	22,068	24,663
Other Revenue	5.05	5.05	9.64	6.07	2.37	4.9
Revenue	18,306	17,964	17,525	14,608	22,070	24,668
Revenue Growth (YoY)	3.81%	2.51%	19.96%	-33.81%	-10.53%	75.02%
Cost of Revenue	16,717	16,354	15,662	12,657	19,723	22,194
Gross Profit	1,589	1,610	1,863	1,951	2,347	2,473
Selling, General & Admin	1,030	1,048	1,242	1,249	1,271	1,234
Research & Development	23.42	23.4	19.61	26.97	23.2	37.81
Other Operating Expenses	7.51	8.61	11.23	-1.39	4.92	8.32
Operating Expenses	1,066	1,085	1,266	1,271	1,300	1,286
Operating Income	522.83	525.09	597.16	680.33	1,046	1,187
Interest Expense	-57.1	-50	-31.45	-37.43	-49.42	-36.18
Interest & Investment Income	200.92	201.67	156.3	156.43	46.71	9.8
Earnings From Equity Investments	0.82	-	-	-	-	34.44
Currency Exchange Gain (Loss)	-30.18	-30.18	-5.08	12.22	117.12	-22.11
Other Non Operating Income (Expenses)	-34.56	-12.76	-10.42	-9.21	-7.54	-7.78
EBT Excluding Unusual Items	602.73	633.81	706.52	802.34	1,153	1,165
Gain (Loss) on Sale of Investments	0.96	0.96	0.08	10.23	2.47	11.46
Gain (Loss) on Sale of Assets	0.53	0.83	0.73	17.68	2.18	11.66
Asset Writedown	-1.07	-1.07	-0.25	-1.04	-1.43	-1.28
Legal Settlements	-4.56	-4.56	-	-	-	-
Other Unusual Items	6.06	3.58	0.99	-3.51	19.35	14
Pretax Income	604.64	633.55	708.07	825.69	1,176	1,201
Income Tax Expense	113.92	115.47	145.52	169.34	251.27	260.01
Earnings From Continuing Operations	490.72	518.09	562.55	656.36	924.66	941.14
Minority Interest in Earnings	-27.84	-29.74	-23.72	-39.84	-36.32	-96.38
Net Income	462.88	488.35	538.83	616.52	888.34	844.76
Net Income to Common	462.88	488.35	538.83	616.52	888.34	844.76
Net Income Growth	-5.50%	-9.37%	-12.60%	-30.60%	5.16%	59.25%
Shares Outstanding (Basic)	1,322	1,320	1,314	1,312	1,287	1,280
Shares Outstanding (Diluted)	1,322	1,320	1,314	1,312	1,306	1,300
Shares Change (YoY)	0.13%	0.43%	0.19%	0.41%	0.52%	0.45%
EPS (Basic)	0.35	0.37	0.41	0.47	0.69	0.66
EPS (Diluted)	0.35	0.37	0.41	0.47	0.68	0.65
EPS Growth	-5.63%	-9.76%	-12.77%	-30.88%	4.61%	58.54%
Free Cash Flow	345.16	255	98.79	235.84	1,422	169.03
Free Cash Flow Per Share	0.26	0.19	0.07	0.18	1.09	0.13
Dividend Per Share	0.224	0.224	0.290	0.330	0.342	0.228
Dividend Growth	-22.76%	-22.76%	-12.12%	-3.51%	50.00%	-7.69%
Gross Margin	8.68%	8.96%	10.63%	13.36%	10.63%	10.03%
Operating Margin	2.86%	2.92%	3.41%	4.66%	4.74%	4.81%
Profit Margin	2.53%	2.72%	3.08%	4.22%	4.03%	3.43%
Free Cash Flow Margin	1.89%	1.42%	0.56%	1.61%	6.44%	0.69%
EBITDA	588.61	591.44	665.82	756.48	1,139	1,271
EBITDA Margin	3.21%	3.29%	3.80%	5.18%	5.16%	5.15%
D&A For EBITDA	65.78	66.35	68.67	76.15	92.99	83.7
EBIT	522.83	525.09	597.16	680.33	1,046	1,187
EBIT Margin	2.86%	2.92%	3.41%	4.66%	4.74%	4.81%
Effective Tax Rate	18.84%	18.22%	20.55%	20.51%	21.37%	21.65%
Revenue as Reported	18,306	17,964	17,525	14,608	22,070	24,668

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