SHA:688425 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	9,806	9,972	9,993	9,975	10,057	9,447
Other Revenue	72.84	72.84	53.33	52.75	44.86	70.68
Revenue	9,879	10,045	10,046	10,027	10,102	9,517
Revenue Growth (YoY)	-1.29%	-0.01%	0.18%	-0.73%	6.14%	25.05%
Cost of Revenue	7,097	7,124	6,985	6,890	6,662	6,440
Gross Profit	2,782	2,921	3,061	3,137	3,440	3,078
Selling, General & Admin	577.5	585.98	659.11	714.59	721.08	691.63
Research & Development	772.84	801.71	913.51	881.09	928.42	677.54
Other Operating Expenses	40.73	44.08	37.06	76.95	93.83	-114.68
Operating Expenses	1,483	1,523	1,632	1,747	1,779	1,275
Operating Income	1,299	1,398	1,429	1,390	1,661	1,803
Interest Expense	-32	-32	-59.7	-74.41	-63.54	-88.51
Interest & Investment Income	215.68	215.68	208.13	263.53	256.19	226.91
Currency Exchange Gain (Loss)	6.31	6.31	-1.08	3.53	20.02	-9.26
Other Non Operating Income (Expenses)	-11.38	-9.51	-15.09	-4.64	-5.41	-2.65
EBT Excluding Unusual Items	1,484	1,578	1,562	1,578	1,868	1,929
Gain (Loss) on Sale of Assets	0.41	0.41	0.97	-0.32	-	-
Asset Writedown	-	-	-	-	-0.09	-0.09
Other Unusual Items	88.39	88.39	95.58	183.85	151.52	2.66
Pretax Income	1,572	1,667	1,660	1,762	2,020	1,932
Income Tax Expense	173.11	183.93	151.6	168.18	175.76	196.03
Earnings From Continuing Operations	1,399	1,483	1,508	1,594	1,844	1,736
Minority Interest in Earnings	-0.09	-0.1	-0.27	-0.38	-0.08	-0.22
Net Income	1,399	1,483	1,508	1,593	1,844	1,735
Net Income to Common	1,399	1,483	1,508	1,593	1,844	1,735
Net Income Growth	-4.91%	-1.65%	-5.37%	-13.59%	6.26%	10.74%
Shares Outstanding (Basic)	5,154	5,297	5,385	5,312	5,269	4,578
Shares Outstanding (Diluted)	5,154	5,297	5,385	5,312	5,269	4,578
Shares Change (YoY)	-5.48%	-1.65%	1.39%	0.81%	15.08%	19.78%
EPS (Basic)	0.27	0.28	0.28	0.30	0.35	0.38
EPS (Diluted)	0.27	0.28	0.28	0.30	0.35	0.38
EPS Growth	0.60%	-	-6.67%	-14.29%	-7.66%	-7.55%
Free Cash Flow	776.11	1,018	1,771	-926.48	177.75	-1,960
Free Cash Flow Per Share	0.15	0.19	0.33	-0.17	0.03	-0.43
Dividend Per Share	0.084	0.084	0.085	0.090	0.104	0.098
Dividend Growth	-1.18%	-1.18%	-5.56%	-13.46%	6.12%	-
Gross Margin	28.16%	29.08%	30.47%	31.29%	34.05%	32.34%
Operating Margin	13.15%	13.91%	14.23%	13.86%	16.45%	18.94%
Profit Margin	14.16%	14.76%	15.01%	15.89%	18.26%	18.23%
Free Cash Flow Margin	7.86%	10.13%	17.63%	-9.24%	1.76%	-20.60%
EBITDA	2,189	2,287	2,315	2,189	2,351	2,381
EBITDA Margin	22.16%	22.77%	23.04%	21.83%	23.28%	25.02%
D&A For EBITDA	890.23	889.33	885.73	799.33	690.11	578.69
EBIT	1,299	1,398	1,429	1,390	1,661	1,803
EBIT Margin	13.15%	13.91%	14.23%	13.86%	16.45%	18.94%
Effective Tax Rate	11.01%	11.03%	9.13%	9.54%	8.70%	10.15%
Revenue as Reported	10,045	10,045	10,046	10,027	10,102	9,517

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