SHA:603565 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	10,732	10,581	11,241	12,438	14,208	12,291
Other Revenue	4.59	35.95	17.54	0.74	0.46	0.46
Revenue	10,736	10,617	11,258	12,439	14,209	12,291
Revenue Growth	-1.11%	-5.70%	-9.49%	-12.46%	15.60%	17.97%
Cost of Revenue	7,796	8,118	9,553	10,666	11,006	9,677
Gross Profit	2,940	2,499	1,706	1,773	3,203	2,615
Selling, General & Admin	266.11	254.66	219.28	275.31	243.34	215.39
Research & Development	24.34	21.5	19.57	20.69	18.97	22.15
Other Operating Expenses	-23.27	16.47	15.06	16.27	31.41	27.22
Operating Expenses	267.23	294.27	293.76	312.47	294.84	264.65
Operating Income	2,673	2,205	1,412	1,460	2,909	2,350
Interest Expense	-158.6	-264.33	-291.22	-250.88	-177.8	-139.62
Interest & Investment Income	260.76	445.09	472.15	309.06	299.71	138.54
Currency Exchange Gain (Loss)	-119.75	-143.82	81.37	49.61	179.49	-5.39
Other Non Operating Income (Expenses)	-217.76	-27.88	-31.1	-60.17	-76.2	-75.73
EBT Excluding Unusual Items	2,437	2,214	1,643	1,508	3,134	2,268
Gain (Loss) on Sale of Investments	-0.4	-18.81	37.28	-	-	-
Gain (Loss) on Sale of Assets	23.85	108.37	395.26	278.21	6.35	626.29
Asset Writedown	0.18	0.18	-0.02	-	-	-
Other Unusual Items	212.76	360.33	379.11	495.75	528.55	322.08
Pretax Income	2,674	2,664	2,455	2,282	3,669	3,216
Income Tax Expense	659	659.87	615.56	560.33	925.52	809.72
Earnings From Continuing Operations	2,015	2,004	1,839	1,722	2,743	2,406
Minority Interest in Earnings	-2.55	-2.72	-3.68	-4.3	-1.75	-2.08
Net Income	2,012	2,001	1,835	1,717	2,741	2,404
Net Income to Common	2,012	2,001	1,835	1,717	2,741	2,404
Net Income Growth	-6.41%	9.03%	6.88%	-37.36%	14.02%	136.00%
Shares Outstanding (Basic)	2,097	2,106	2,110	2,094	2,093	1,944
Shares Outstanding (Diluted)	2,097	2,106	2,110	2,094	2,093	1,944
Shares Change	-0.57%	-0.16%	0.74%	0.08%	7.62%	8.92%
EPS (Basic)	0.96	0.95	0.87	0.82	1.31	1.24
EPS (Diluted)	0.96	0.95	0.87	0.82	1.31	1.24
EPS Growth	-5.87%	9.20%	6.10%	-37.41%	5.94%	116.66%

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	2,060	2,535	1,553	-565.57	1,629	2,365
Free Cash Flow Per Share	0.98	1.20	0.74	-0.27	0.78	1.22
Dividend Per Share	0.670	1.100	0.790	0.720	0.960	0.685
Dividend Growth	-45.08%	39.24%	9.72%	-24.96%	40.11%	116.64%
Gross Margin	27.38%	23.54%	15.15%	14.25%	22.55%	21.27%
Operating Margin	24.89%	20.76%	12.54%	11.74%	20.47%	19.12%
Profit Margin	18.74%	18.85%	16.30%	13.81%	19.29%	19.56%
Free Cash Flow Margin	19.19%	23.88%	13.80%	-4.55%	11.47%	19.24%
EBITDA	3,196	2,732	1,971	1,912	3,250	2,633
EBITDA Margin	29.77%	25.74%	17.51%	15.37%	22.87%	21.42%
D&A For EBITDA	523.49	527.74	559.28	451.95	341.02	283.34
EBIT	2,673	2,205	1,412	1,460	2,909	2,350
EBIT Margin	24.89%	20.76%	12.54%	11.74%	20.47%	19.12%
Effective Tax Rate	24.65%	24.77%	25.08%	24.55%	25.23%	25.18%
Revenue as Reported	5,279	10,617	11,258	12,439	14,209	12,291