SHA:600103 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,307	2,545	2,529	2,875	2,805	2,452
Other Revenue	55.55	55.55	144.03	45.93	62.63	43.84
Revenue	2,362	2,600	2,673	2,921	2,867	2,495
Revenue Growth (YoY)	-14.79%	-2.71%	-8.49%	1.87%	14.90%	-6.55%
Cost of Revenue	1,962	2,180	2,226	2,320	2,310	2,171
Gross Profit	399.86	419.95	446.55	601.45	557.68	324.18
Selling, General & Admin	226.04	246.03	270.58	287.72	282.79	287.38
Research & Development	52.83	50.35	56.22	75.65	49.69	38.87
Other Operating Expenses	21.11	16.18	19.43	24.28	26.38	22.54
Operating Expenses	307.9	312.39	348.99	392.02	361.28	348.75
Operating Income	91.96	107.56	97.56	209.43	196.4	-24.57
Interest Expense	-17.33	-21.08	-18.52	-17.14	-28.36	-31.22
Interest & Investment Income	23	27.43	27.95	58.63	56.05	53.41
Currency Exchange Gain (Loss)	1.64	1.64	-0.06	4.8	-1.21	-4.47
Other Non Operating Income (Expenses)	-19.67	-14.42	-6.84	-1.09	-0.88	0.16
EBT Excluding Unusual Items	79.6	101.14	100.09	254.62	221.99	-6.7
Impairment of Goodwill	-1.52	-1.52	-1.54	-1.56	-1.55	-2.6
Gain (Loss) on Sale of Investments	28.48	29.9	29.63	4.64	-	-
Gain (Loss) on Sale of Assets	-3.08	-3.4	-0.6	0.86	3.25	258.85
Asset Writedown	-19.68	-13.37	-	-6.7	-0.17	-165.22
Legal Settlements	-0.33	-0.33	-0.33	-0.66	-0.52	-0.65
Other Unusual Items	8.61	8.61	18.42	22.3	17.81	35.51
Pretax Income	92.07	121.02	145.67	273.51	240.8	119.21
Income Tax Expense	17.08	27.46	14.65	54.27	34.26	30.85
Earnings From Continuing Operations	74.99	93.57	131.02	219.24	206.55	88.36
Minority Interest in Earnings	-11.98	-8.82	-9.12	-11.5	-16.25	-11.82
Net Income	63	84.75	121.9	207.74	190.29	76.53
Net Income to Common	63	84.75	121.9	207.74	190.29	76.53
Net Income Growth	-46.52%	-30.48%	-41.32%	9.17%	148.64%	-39.99%
Shares Outstanding (Basic)	2,221	2,224	2,212	2,212	2,236	2,305
Shares Outstanding (Diluted)	2,221	2,224	2,212	2,212	2,236	2,305
Shares Change (YoY)	-0.26%	0.55%	0.00%	-1.06%	-3.00%	-0.04%
EPS (Basic)	0.03	0.04	0.06	0.09	0.09	0.03
EPS (Diluted)	0.03	0.04	0.06	0.09	0.09	0.03
EPS Growth	-46.38%	-30.85%	-41.32%	10.34%	156.32%	-39.96%
Free Cash Flow	158.77	40.9	-123.7	288.79	384.24	4.04
Free Cash Flow Per Share	0.07	0.02	-0.06	0.13	0.17	0.00
Dividend Per Share	0.012	0.012	0.017	0.050	-	-
Dividend Growth	-28.10%	-28.10%	-66.62%	-	-	-
Gross Margin	16.93%	16.15%	16.71%	20.59%	19.45%	12.99%
Operating Margin	3.89%	4.14%	3.65%	7.17%	6.85%	-0.98%
Profit Margin	2.67%	3.26%	4.56%	7.11%	6.64%	3.07%
Free Cash Flow Margin	6.72%	1.57%	-4.63%	9.89%	13.40%	0.16%
EBITDA	263.04	268.72	245.47	363.06	353.27	150.46
EBITDA Margin	11.13%	10.33%	9.18%	12.43%	12.32%	6.03%
D&A For EBITDA	171.08	161.15	147.91	153.63	156.87	175.03
EBIT	91.96	107.56	97.56	209.43	196.4	-24.57
EBIT Margin	3.89%	4.14%	3.65%	7.17%	6.85%	-0.98%
Effective Tax Rate	18.55%	22.69%	10.06%	19.84%	14.23%	25.88%
Revenue as Reported	2,362	2,600	2,673	2,921	2,867	2,495
Advertising Expenses	-	25.09	31.6	25.89	28.56	22.1

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