SHA:600301 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	Sep '26 Sep 30, 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	6,575	5,753	4,522	3,139	2,693	392.55
Other Revenue	50.27	50.27	109.21	62.09	74.37	1.69
Revenue	6,625	5,803	4,631	3,201	2,767	394.24
Revenue Growth	23.75%	25.31%	44.68%	15.67%	601.88%	-56.34%
Cost of Revenue	3,836	3,684	2,776	1,983	1,820	316.91
Gross Profit	2,789	2,119	1,855	1,218	947.18	77.32
Selling, General & Admin	331.8	306.11	284.35	257.2	249.08	30.67
Research & Development	68.55	83.17	105.79	56.21	20.94	0.93
Other Operating Expenses	235.73	180.56	157.93	116.2	73.78	1.95
Operating Expenses	644.09	580.51	555.39	433.29	345.57	34.93
Operating Income	2,145	1,539	1,300	784.75	601.61	42.39
Interest Expense	-10.62	-43.87	-40.34	-86.46	-103.75	-0.59
Interest & Investment Income	17.68	8	10.04	15.34	10.19	2.74
Other Non Operating Income (Expenses)	-25.96	0.22	-4.76	-5.7	5.53	15.72
EBT Excluding Unusual Items	2,126	1,503	1,265	707.93	513.58	60.26
Gain (Loss) on Sale of Investments	8.71	7.53	3.68	-3.4	-	-
Gain (Loss) on Sale of Assets	3.67	2.47	-0.83	1.09	-3.7	-
Asset Writedown	-20.88	-11.17	-28.03	-5.12	-	-
Legal Settlements	-	-	-	-	-0.38	-
Other Unusual Items	37.94	32.18	7.82	5.52	0.42	-0.53
Pretax Income	2,156	1,534	1,247	706.03	509.93	59.73
Income Tax Expense	356.64	243.48	184.28	107.22	74.91	6.01
Earnings From Continuing Operations	1,799	1,290	1,063	598.81	435.01	53.71
Minority Interest in Earnings	-619.27	-489.7	-405.31	-248.42	-216.36	-
Net Income	1,180	800.77	657.74	350.39	218.65	53.71
Net Income to Common	1,180	800.77	657.74	350.39	218.65	53.71
Net Income Growth	92.91%	21.75%	87.72%	60.25%	307.08%	65.46%
Shares Outstanding (Basic)	631	631	632	619	591	234
Shares Outstanding (Diluted)	631	631	632	619	591	234
Shares Change	-0.31%	-0.30%	2.16%	4.76%	153.05%	0.71%
EPS (Basic)	1.87	1.27	1.04	0.57	0.37	0.23
EPS (Diluted)	1.87	1.27	1.04	0.57	0.37	0.23
EPS Growth	93.51%	22.12%	83.75%	52.97%	60.87%	64.29%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	1,534	1,303	1,123	798.56	574.21	-111.78
Free Cash Flow Per Share	2.43	2.07	1.77	1.29	0.97	-0.48
Dividend Per Share	0.390	0.390	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	42.10%	36.52%	40.06%	38.05%	34.23%	19.61%
Operating Margin	32.38%	26.51%	28.07%	24.52%	21.74%	10.75%
Profit Margin	17.81%	13.80%	14.20%	10.95%	7.90%	13.62%
Free Cash Flow Margin	23.16%	22.45%	24.25%	24.95%	20.75%	-28.35%
EBITDA	2,402	1,798	1,563	1,032	781.59	46.3
EBITDA Margin	36.26%	30.99%	33.76%	32.25%	28.25%	11.74%
D&A For EBITDA	256.89	259.71	263.46	247.46	179.98	3.91
EBIT	2,145	1,539	1,300	784.75	601.61	42.39
EBIT Margin	32.38%	26.51%	28.07%	24.52%	21.74%	10.75%
Effective Tax Rate	16.54%	15.87%	14.77%	15.19%	14.69%	10.07%
Revenue as Reported	1,665	5,803	4,631	3,201	2,767	394.24
Advertising Expenses	-	2.62	2.49	3.96	1.29	-