SHA:603682 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Rental Revenue	946.62	1,008	1,032	881.75	908.76
Total Revenue	946.62	1,008	1,032	881.75	908.76
Revenue Growth (YoY	-6.09%	-2.33%	17.04%	-2.97%	22.93%
Property Expenses	719.09	747.73	736.01	524.06	551.62
Selling, General & Administrative	93.25	128.34	128.91	120.78	104.29
Other Operating Expenses	10.29	7.74	15.37	5.79	1.54
Total Operating Expenses	826.25	886.92	879.46	652.54	657.16
Operating Income	120.36	121.05	152.51	229.21	251.6
Interest Expense	-160.73	-186.76	-170.61	-170.51	-155.12
Interest & Investment Income	2.36	15.48	3.07	1.55	4.88
Other Non-Operating Income	-0.16	-0.48	1.49	-1.37	0.01
EBT Excluding Unusual Items	-38.16	-50.71	-13.55	58.88	101.37
Impairment of Goodwill	-	-64.75	-9.21	-	-
Gain (Loss) on Sale of Investments	60.09	60.29	-3.05	-13.62	0.33
Gain (Loss) on Sale of Assets	-1.89	6.34	80.65	-1.86	-3.02
Asset Writedown	-258.69	-4.35	-3.89	-0.47	-
Total Legal Settlements	-0.91	-1.17	-1.76	-1.25	-0.22
Other Unusual Items	68.71	71.47	69.08	73.7	58.2
Pretax Income	-170.85	17.11	118.28	115.37	156.66
Income Tax Expense	2.49	20.76	35.1	33.2	37.88
Earnings From Continuing Operations	-173.34	-3.66	83.18	82.17	118.79
Minority Interest in Earnings	54.48	18.41	15.66	14.87	5.28
Net Income	-118.86	14.75	98.84	97.04	124.06
Net Income to Common	-118.86	14.75	98.84	97.04	124.06
Net Income Growth	-	-85.07%	1.85%	-21.78%	-20.54%
Basic Shares Outstanding	475	492	471	462	477
Diluted Shares Outstanding	475	492	471	462	477
Shares Change (YoY)	-3.32%	4.49%	1.85%	-3.16%	6.97%
EPS (Basic)	-0.25	0.03	0.21	0.21	0.26
EPS (Diluted)	-0.25	0.03	0.21	0.21	0.26
EPS Growth	-	-85.71%	-	-19.23%	-25.71%
Dividend Per Share	0.330	0.440	0.220	0.440	-
Dividend Growth	-25.00%	100.00%	-50.00%	-	-
Operating Margin	12.72%	12.01%	14.78%	26.00%	27.69%
Profit Margin	-12.56%	1.46%	9.58%	11.00%	13.65%
EBITDA	121.42	123.68	154.24	231.03	256.58
EBITDA Margin	12.83%	12.27%	14.95%	26.20%	28.23%
D&A For Ebitda	1.05	2.63	1.73	1.82	4.98
EBIT	120.36	121.05	152.51	229.21	251.6
EBIT Margin	12.72%	12.01%	14.78%	26.00%	27.69%
Effective Tax Rate	-	121.36%	29.68%	28.78%	24.18%
Revenue as Reported	946.62	1,008	1,032	881.75	908.76

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.