SHA:603501 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	28,757	28,815	25,670	20,966	20,035	24,040
Other Revenue	40.22	40.22	60.85	54.18	43.41	63.87
Revenue	28,797	28,855	25,731	21,021	20,078	24,104
Revenue Growth (YoY)	8.43%	12.14%	22.41%	4.69%	-16.70%	21.59%
Cost of Revenue	20,281	20,216	18,483	16,845	15,263	15,970
Gross Profit	8,515	8,639	7,247	4,176	4,816	8,134
Selling, General & Admin	1,300	1,282	1,326	1,154	1,324	1,221
Research & Development	2,886	2,821	2,601	2,171	2,453	2,090
Other Operating Expenses	26.05	26.65	28.64	-16.07	49.29	18.2
Operating Expenses	4,257	4,160	3,968	3,399	3,791	3,351
Operating Income	4,258	4,479	3,280	776.6	1,024	4,783
Interest Expense	-297.62	-302.47	-326.7	-534	-493.89	-410.45
Interest & Investment Income	437.91	406.24	512.72	169.38	1,075	639.53
Currency Exchange Gain (Loss)	3.85	3.85	32.31	-11.74	-117.43	34.33
Other Non Operating Income (Expenses)	-99.83	-22.33	-22.67	-7.29	-9.41	-5.11
EBT Excluding Unusual Items	4,303	4,565	3,475	392.95	1,478	5,041
Impairment of Goodwill	-	-	-237.49	-	-	-
Gain (Loss) on Sale of Investments	-73.18	74.4	57.99	231.33	-221.24	-80.67
Gain (Loss) on Sale of Assets	-0.89	0.02	8.8	1.86	6.79	-1.25
Asset Writedown	-65.7	-93.3	-86.88	-5.59	-22.98	-1.48
Other Unusual Items	57.02	55.04	60.62	70.89	60.45	44.25
Pretax Income	4,220	4,601	3,278	691.45	1,301	5,002
Income Tax Expense	555.98	569.13	-5.83	147.62	342.75	456.2
Earnings From Continuing Operations	3,664	4,032	3,284	543.82	958.57	4,546
Minority Interest in Earnings	18.58	13.73	38.94	11.8	31.73	-69.69
Net Income	3,682	4,045	3,323	555.62	990.31	4,476
Net Income to Common	3,682	4,045	3,323	555.62	990.31	4,476
Net Income Growth	1.40%	21.73%	498.11%	-43.89%	-77.88%	65.41%
Shares Outstanding (Basic)	1,206	1,200	1,200	1,182	1,179	1,169
Shares Outstanding (Diluted)	1,210	1,204	1,200	1,182	1,179	1,178
Shares Change (YoY)	1.06%	0.36%	1.48%	0.27%	0.08%	2.86%
EPS (Basic)	3.05	3.37	2.77	0.47	0.84	3.83
EPS (Diluted)	3.04	3.36	2.77	0.47	0.84	3.80
EPS Growth	0.34%	21.30%	489.36%	-44.05%	-77.90%	60.81%
Free Cash Flow	1,478	1,783	3,523	6,488	-4,253	1,070
Free Cash Flow Per Share	1.22	1.48	2.94	5.49	-3.61	0.91
Dividend Per Share	0.500	0.500	0.420	0.140	0.084	0.385
Dividend Growth	19.05%	19.05%	200.00%	66.67%	-78.19%	65.11%
Gross Margin	29.57%	29.94%	28.17%	19.87%	23.98%	33.74%
Operating Margin	14.79%	15.52%	12.75%	3.69%	5.10%	19.84%
Profit Margin	12.79%	14.02%	12.92%	2.64%	4.93%	18.57%
Free Cash Flow Margin	5.13%	6.18%	13.69%	30.87%	-21.18%	4.44%
EBITDA	4,926	5,245	4,438	1,775	1,912	5,598
EBITDA Margin	17.11%	18.18%	17.25%	8.44%	9.53%	23.22%
D&A For EBITDA	667.53	765.73	1,159	998.33	888.15	814.97
EBIT	4,258	4,479	3,280	776.6	1,024	4,783
EBIT Margin	14.79%	15.52%	12.75%	3.69%	5.10%	19.84%
Effective Tax Rate	13.18%	12.37%	-	21.35%	26.34%	9.12%
Revenue as Reported	28,797	28,855	25,731	21,021	20,078	24,104

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