SHA:600103 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	2,274	2,332	2,545	2,529	2,875	2,805
Other Revenue	86.61	86.61	55.55	144.03	45.93	62.63
Revenue	2,361	2,419	2,600	2,673	2,921	2,867
Revenue Growth (YoY)	-7.82%	-6.98%	-2.71%	-8.49%	1.87%	14.90%
Cost of Revenue	1,972	1,989	2,180	2,226	2,320	2,310
Gross Profit	388.34	429.8	419.95	446.55	601.45	557.68
Selling, General & Admin	243.26	263.94	246.03	270.58	287.72	282.79
Research & Development	55.86	54.47	50.35	56.22	75.65	49.69
Other Operating Expenses	18.15	19.21	15.1	19.43	24.28	26.38
Operating Expenses	321.06	341.41	311.3	348.99	392.02	361.28
Operating Income	67.28	88.39	108.65	97.56	209.43	196.4
Interest Expense	-15.86	-15.86	-21.08	-18.52	-17.14	-28.36
Interest & Investment Income	59.21	33.8	27.43	27.95	58.63	56.05
Currency Exchange Gain (Loss)	-2.72	-2.72	1.64	-0.06	4.8	-1.21
Other Non Operating Income (Expenses)	-6.62	-6.17	-17.16	-9.3	-1.09	-0.88
EBT Excluding Unusual Items	101.29	97.44	99.49	97.63	254.62	221.99
Impairment of Goodwill	-	-	-1.52	-1.54	-1.56	-1.55
Gain (Loss) on Sale of Investments	-13.59	15.47	29.9	29.63	4.64	-
Gain (Loss) on Sale of Assets	2.86	2.99	-3.4	-0.6	0.86	3.25
Asset Writedown	-30.59	-35.72	-13.37	-	-6.7	-0.17
Legal Settlements	-0.7	-0.7	-0.33	-0.33	-0.66	-0.52
Other Unusual Items	10.97	10.97	10.26	20.89	22.3	17.81
Pretax Income	70.24	90.45	121.02	145.67	273.51	240.8
Income Tax Expense	11.1	17.12	27.46	14.65	54.27	34.26
Earnings From Continuing Operations	59.14	73.33	93.57	131.02	219.24	206.55
Minority Interest in Earnings	-19.98	-18.64	-8.82	-9.12	-11.5	-16.25
Net Income	39.16	54.68	84.75	121.9	207.74	190.29
Net Income to Common	39.16	54.68	84.75	121.9	207.74	190.29
Net Income Growth	-58.24%	-35.48%	-30.48%	-41.32%	9.17%	148.64%
Shares Outstanding (Basic)	2,211	2,214	2,224	2,212	2,212	2,236
Shares Outstanding (Diluted)	2,211	2,214	2,224	2,212	2,212	2,236
Shares Change (YoY)	-0.55%	-0.47%	0.55%	0.00%	-1.06%	-3.00%
EPS (Basic)	0.02	0.02	0.04	0.06	0.09	0.09
EPS (Diluted)	0.02	0.02	0.04	0.06	0.09	0.09
EPS Growth	-58.01%	-35.17%	-30.85%	-41.32%	10.34%	156.32%
Free Cash Flow	48.62	20.38	40.9	-123.7	288.79	384.24
Free Cash Flow Per Share	0.02	0.01	0.02	-0.06	0.13	0.17
Dividend Per Share	0.009	0.009	0.012	0.017	0.050	-
Dividend Growth	-28.33%	-28.33%	-28.10%	-66.62%	-	-
Gross Margin	16.45%	17.77%	16.15%	16.71%	20.59%	19.45%
Operating Margin	2.85%	3.65%	4.18%	3.65%	7.17%	6.85%
Profit Margin	1.66%	2.26%	3.26%	4.56%	7.11%	6.64%
Free Cash Flow Margin	2.06%	0.84%	1.57%	-4.63%	9.89%	13.40%
EBITDA	268.38	281.49	269.8	245.47	363.06	353.27
EBITDA Margin	11.37%	11.64%	10.38%	9.18%	12.43%	12.32%
D&A For EBITDA	201.09	193.11	161.15	147.91	153.63	156.87
EBIT	67.28	88.39	108.65	97.56	209.43	196.4
EBIT Margin	2.85%	3.65%	4.18%	3.65%	7.17%	6.85%
Effective Tax Rate	15.80%	18.93%	22.69%	10.06%	19.84%	14.23%
Revenue as Reported	2,419	2,419	2,600	2,673	2,921	2,867
Advertising Expenses	-	23.21	25.09	31.6	25.89	28.56

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