SHA:688122 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	5,072	5,065	4,443	4,003	4,073	2,838
Other Revenue	160.48	160.48	169.39	155.41	154.3	88.79
Revenue	5,232	5,226	4,612	4,159	4,227	2,927
Revenue Growth (YoY)	6.94%	13.30%	10.91%	-1.62%	44.41%	38.55%
Cost of Revenue	3,728	3,619	3,106	2,857	2,577	1,773
Gross Profit	1,505	1,607	1,507	1,302	1,651	1,154
Selling, General & Admin	286.46	292.59	220.23	223.74	206.09	173.72
Research & Development	403.66	397.69	350.89	329.45	254.29	185.92
Other Operating Expenses	8.48	-11.11	-30.06	-18.91	28.92	28.76
Operating Expenses	719.85	708.27	586.87	559.48	493.9	399.08
Operating Income	784.87	898.83	919.78	742.26	1,157	754.68
Interest Expense	-61.13	-60.18	-59.7	-67.4	-57.62	-44.5
Interest & Investment Income	23.58	23.33	25.71	22.04	21.97	19.5
Earnings From Equity Investments	-0.33	-	-	-	-	-
Currency Exchange Gain (Loss)	-4.78	-4.78	3.11	3.76	5.03	15.45
Other Non Operating Income (Expenses)	-5.01	-0.74	-0.96	-0.91	-0.77	-1.63
EBT Excluding Unusual Items	737.21	856.45	887.94	699.76	1,125	743.51
Gain (Loss) on Sale of Investments	88.67	104.37	25.77	38.74	24.19	5.06
Gain (Loss) on Sale of Assets	-0.52	0.04	0.42	-3.54	0.67	2.55
Asset Writedown	-0.87	-	-	-	-	-0.73
Other Unusual Items	82.12	82.23	91.79	133.19	87.54	101.15
Pretax Income	906.61	1,043	1,006	868.15	1,238	851.55
Income Tax Expense	69.97	88.95	129.94	103.57	142.4	106.35
Earnings From Continuing Operations	836.64	954.14	875.98	764.57	1,095	745.2
Minority Interest in Earnings	-123.53	-114.87	-75.19	-12.2	-15.31	-3.72
Net Income	713.11	839.27	800.79	752.37	1,080	741.48
Net Income to Common	713.11	839.27	800.79	752.37	1,080	741.48
Net Income Growth	-17.11%	4.81%	6.44%	-30.33%	45.64%	99.98%
Shares Outstanding (Basic)	643	650	650	650	650	618
Shares Outstanding (Diluted)	643	650	650	650	650	618
Shares Change (YoY)	-1.21%	-0.01%	0.00%	0.00%	5.16%	-0.01%
EPS (Basic)	1.11	1.29	1.23	1.16	1.66	1.20
EPS (Diluted)	1.11	1.29	1.23	1.16	1.66	1.20
EPS Growth	-16.09%	4.81%	6.43%	-30.33%	38.50%	100.00%
Free Cash Flow	-15.84	290.47	94.03	-247.69	-363.59	-60.68
Free Cash Flow Per Share	-0.03	0.45	0.14	-0.38	-0.56	-0.10
Dividend Per Share	0.400	0.400	0.750	0.700	0.714	0.714
Dividend Growth	-46.67%	-46.67%	7.14%	-2.00%	-	150.02%
Gross Margin	28.76%	30.75%	32.66%	31.30%	39.05%	39.41%
Operating Margin	15.00%	17.20%	19.94%	17.85%	27.36%	25.78%
Profit Margin	13.63%	16.06%	17.36%	18.09%	25.55%	25.33%
Free Cash Flow Margin	-0.30%	5.56%	2.04%	-5.96%	-8.60%	-2.07%
EBITDA	988.34	1,095	1,084	884.15	1,280	863.59
EBITDA Margin	18.89%	20.95%	23.51%	21.26%	30.29%	29.50%
D&A For EBITDA	203.47	195.68	164.52	141.88	123.79	108.9
EBIT	784.87	898.83	919.78	742.26	1,157	754.68
EBIT Margin	15.00%	17.20%	19.94%	17.85%	27.36%	25.78%
Effective Tax Rate	7.72%	8.53%	12.92%	11.93%	11.51%	12.49%
Revenue as Reported	5,232	5,226	4,612	4,159	4,227	2,927
Advertising Expenses	-	1.42	0.56	0.35	0.06	0.1

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