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	Jun '26 Jun 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	6,097	5,753	4,522	3,139	2,693	392.55
Other Revenue	-42.14	50.27	109.21	62.09	74.37	1.69
Revenue	6,055	5,803	4,631	3,201	2,767	394.24
Revenue Growth	17.24%	25.31%	44.68%	15.67%	601.88%	-56.34%
Cost of Revenue	3,652	3,684	2,776	1,983	1,820	316.91
Gross Profit	2,402	2,119	1,855	1,218	947.18	77.32
Selling, General & Admin	335.61	306.11	284.35	257.2	249.08	30.67
Research & Development	72.6	83.17	105.79	56.21	20.94	0.93
Other Operating Expenses	217.3	180.56	157.93	116.2	73.78	1.95
Operating Expenses	633.53	580.51	555.39	433.29	345.57	34.93
Operating Income	1,769	1,539	1,300	784.75	601.61	42.39
Interest Expense	-22.41	-43.87	-40.34	-86.46	-103.75	-0.59
Interest & Investment Income	19.65	8	10.04	15.34	10.19	2.74
Other Non Operating Income (Expenses)	-17.47	0.22	-4.76	-5.7	5.53	15.72
EBT Excluding Unusual Items	1,748	1,503	1,265	707.93	513.58	60.26
Gain (Loss) on Sale of Investments	8.47	7.53	3.68	-3.4	-	-
Gain (Loss) on Sale of Assets	3.1	2.47	-0.83	1.09	-3.7	-
Asset Writedown	-24.52	-11.17	-28.03	-5.12	-	-
Legal Settlements	-	-	-	-	-0.38	-
Other Unusual Items	25.38	32.18	7.82	5.52	0.42	-0.53
Pretax Income	1,761	1,534	1,247	706.03	509.93	59.73
Income Tax Expense	284.97	243.48	184.28	107.22	74.91	6.01
Earnings From Continuing Operations	1,476	1,290	1,063	598.81	435.01	53.71
Minority Interest in Earnings	-522.97	-489.7	-405.31	-248.42	-216.36	-
Net Income	952.78	800.77	657.74	350.39	218.65	53.71
Net Income to Common	952.78	800.77	657.74	350.39	218.65	53.71
Net Income Growth	37.91%	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	-0.22%	-0.30%	2.16%	4.76%	153.05%	0.71%
EPS (Basic)	1.51	1.27	1.04	0.57	0.37	0.23
EPS (Diluted)	1.51	1.27	1.04	0.57	0.37	0.23
EPS Growth	38.22%	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	Jun '26 Jun 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	1,396	1,303	1,123	798.56	574.21	-111.78
Free Cash Flow Per Share	2.21	2.07	1.77	1.29	0.97	-0.48
Dividend Per Share	0.390	0.390	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	39.67%	36.52%	40.06%	38.05%	34.23%	19.61%
Operating Margin	29.21%	26.51%	28.07%	24.52%	21.74%	10.75%
Profit Margin	15.74%	13.80%	14.20%	10.95%	7.90%	13.62%
Free Cash Flow Margin	23.06%	22.45%	24.25%	24.95%	20.75%	-28.35%
EBITDA	2,017	1,798	1,563	1,032	781.59	46.3
EBITDA Margin	33.32%	30.99%	33.76%	32.25%	28.25%	11.74%
D&A For EBITDA	248.78	259.71	263.46	247.46	179.98	3.91
EBIT	1,769	1,539	1,300	784.75	601.61	42.39
EBIT Margin	29.21%	26.51%	28.07%	24.52%	21.74%	10.75%
Effective Tax Rate	16.18%	15.87%	14.77%	15.19%	14.69%	10.07%
Revenue as Reported	3,016	5,803	4,631	3,201	2,767	394.24
Advertising Expenses	-	2.62	2.49	3.96	1.29	-