SHA:603816 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	19,384	19,265	17,728	18,450	17,337	17,631
Other Revenue	791.15	791.15	752	761.55	672.95	711.39
Revenue	20,175	20,056	18,480	19,212	18,010	18,342
Revenue Growth (YoY)	5.95%	8.53%	-3.81%	6.67%	-1.81%	44.81%
Cost of Revenue	13,523	13,503	12,447	12,949	12,469	13,057
Gross Profit	6,653	6,554	6,032	6,263	5,541	5,285
Selling, General & Admin	3,931	3,809	3,661	3,680	3,314	3,031
Research & Development	398.28	369.43	281.59	264.84	301.23	302.46
Other Operating Expenses	141.01	141.08	91.14	66.32	95.42	102.47
Operating Expenses	4,515	4,365	4,059	4,035	3,710	3,469
Operating Income	2,137	2,188	1,973	2,228	1,831	1,816
Interest Expense	-29.69	-29.69	-47.57	-116.76	-89.51	-55.59
Interest & Investment Income	139.72	107.37	34.86	132.52	110.21	141.01
Currency Exchange Gain (Loss)	-18.59	-18.59	65	56.57	162.36	-57.13
Other Non Operating Income (Expenses)	-66.44	-26.2	141.21	144.98	-30.84	-18.44
EBT Excluding Unusual Items	2,162	2,221	2,166	2,445	1,983	1,826
Impairment of Goodwill	-71.41	-71.41	-50.64	-	-17.49	-
Gain (Loss) on Sale of Investments	10.36	5.03	-212.21	-	-3.49	-2.47
Gain (Loss) on Sale of Assets	-4.05	-3.71	0.01	-1.3	8.36	0.32
Asset Writedown	-70.22	-70.22	-10.62	-3.56	-8.1	-1.01
Other Unusual Items	191.07	191.07	-	-	334.13	245.73
Pretax Income	2,218	2,272	1,893	2,440	2,296	2,068
Income Tax Expense	387.14	404.88	445.36	422.06	448.77	367.48
Earnings From Continuing Operations	1,831	1,867	1,448	2,018	1,848	1,701
Minority Interest in Earnings	-63.58	-77.03	-31	-12.25	-35.52	-36.28
Net Income	1,767	1,790	1,417	2,006	1,812	1,664
Net Income to Common	1,767	1,790	1,417	2,006	1,812	1,664
Net Income Growth	16.62%	26.37%	-29.38%	10.70%	8.87%	96.87%
Shares Outstanding (Basic)	813	812	814	822	824	820
Shares Outstanding (Diluted)	813	812	814	822	824	820
Shares Change (YoY)	0.22%	-0.25%	-0.97%	-0.19%	0.46%	3.69%
EPS (Basic)	2.17	2.20	1.74	2.44	2.20	2.03
EPS (Diluted)	2.17	2.20	1.74	2.44	2.20	2.03
EPS Growth	16.13%	26.44%	-28.69%	10.91%	8.37%	89.86%
Free Cash Flow	2,217	2,143	1,597	223.58	933.83	373.71
Free Cash Flow Per Share	2.73	2.64	1.96	0.27	1.13	0.46
Dividend Per Share	1.380	1.380	1.380	1.390	1.110	1.015
Dividend Growth	-	-	-0.72%	25.22%	9.32%	60.97%
Gross Margin	32.97%	32.68%	32.64%	32.60%	30.76%	28.81%
Operating Margin	10.59%	10.91%	10.68%	11.60%	10.17%	9.90%
Profit Margin	8.76%	8.92%	7.66%	10.44%	10.06%	9.07%
Free Cash Flow Margin	10.99%	10.69%	8.64%	1.16%	5.18%	2.04%
EBITDA	2,599	2,680	2,585	2,821	2,167	2,078
EBITDA Margin	12.88%	13.36%	13.99%	14.68%	12.03%	11.33%
D&A For EBITDA	461.5	491.62	612.13	593	336.17	262.32
EBIT	2,137	2,188	1,973	2,228	1,831	1,816
EBIT Margin	10.59%	10.91%	10.68%	11.60%	10.17%	9.90%
Effective Tax Rate	17.46%	17.82%	23.53%	17.30%	19.54%	17.77%
Revenue as Reported	20,056	20,056	18,480	19,212	18,010	18,342
Advertising Expenses	-	-	-	-	982.1	832.14

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