SHA:600305 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	2,293	2,271	2,095	2,079	2,095	1,864
Other Revenue	15.82	15.82	100.87	27.12	44.46	28.9
Revenue	2,309	2,287	2,196	2,106	2,139	1,893
Revenue Growth (YoY)	-2.22%	4.13%	4.25%	-1.52%	12.98%	-6.45%
Cost of Revenue	1,562	1,549	1,436	1,415	1,411	1,184
Gross Profit	747.22	737.41	759.41	691.41	727.66	708.94
Selling, General & Admin	476.82	473.88	504.74	493.5	456.05	464.51
Research & Development	93.15	93.92	89.73	80.48	83.25	78.54
Other Operating Expenses	7.97	6.25	5.34	9.62	24.69	23.72
Operating Expenses	578.4	574.51	601.86	583.55	564.82	568.03
Operating Income	168.81	162.9	157.55	107.86	162.84	140.91
Interest Expense	-0.57	-0.57	-0.48	-1.18	-4.77	-6.8
Interest & Investment Income	2.86	1.08	3.23	4.95	1.98	1.74
Currency Exchange Gain (Loss)	-0.01	-0.01	0.6	0.21	-0.03	-0.03
Other Non Operating Income (Expenses)	-2.12	-0.88	-0.88	1.02	0.11	-1.97
EBT Excluding Unusual Items	168.98	162.52	160.01	112.85	160.13	133.86
Gain (Loss) on Sale of Investments	-21.87	-24.38	-0.02	-11.54	4.43	-4.04
Gain (Loss) on Sale of Assets	30.99	31	-1.53	-1.57	-11.09	2.06
Asset Writedown	-9.1	-9.1	-31.8	-	-	-
Other Unusual Items	9.31	9.31	5.51	2.34	10.16	11.28
Pretax Income	178.3	169.35	132.17	102.09	163.64	143.16
Income Tax Expense	25.6	27.07	20.52	22.26	34.17	24.83
Earnings From Continuing Operations	152.7	142.29	111.65	79.83	129.48	118.33
Minority Interest in Earnings	1.08	1.35	15.69	7.07	8.52	0.59
Net Income	153.77	143.64	127.34	86.9	137.99	118.92
Net Income to Common	153.77	143.64	127.34	86.9	137.99	118.92
Net Income Growth	19.53%	12.80%	46.54%	-37.03%	16.04%	-62.28%
Shares Outstanding (Basic)	1,107	1,105	1,061	1,066	993	998
Shares Outstanding (Diluted)	1,107	1,105	1,061	1,066	993	998
Shares Change (YoY)	4.36%	4.12%	-0.47%	7.40%	-0.57%	-0.46%
EPS (Basic)	0.14	0.13	0.12	0.08	0.14	0.12
EPS (Diluted)	0.14	0.13	0.12	0.08	0.14	0.12
EPS Growth	14.54%	8.33%	47.24%	-41.37%	16.71%	-62.11%
Free Cash Flow	174.35	35.37	198.55	-83.86	-14.13	180.66
Free Cash Flow Per Share	0.16	0.03	0.19	-0.08	-0.01	0.18
Dividend Per Share	0.120	0.120	0.100	0.070	0.110	0.101
Dividend Growth	20.00%	20.00%	42.86%	-36.36%	8.91%	-35.67%
Gross Margin	32.36%	32.25%	34.58%	32.82%	34.02%	37.44%
Operating Margin	7.31%	7.12%	7.17%	5.12%	7.61%	7.44%
Profit Margin	6.66%	6.28%	5.80%	4.13%	6.45%	6.28%
Free Cash Flow Margin	7.55%	1.55%	9.04%	-3.98%	-0.66%	9.54%
EBITDA	271.51	262.35	244.03	191.67	247.96	224.74
EBITDA Margin	11.76%	11.47%	11.11%	9.10%	11.59%	11.87%
D&A For EBITDA	102.7	99.45	86.48	83.81	85.12	83.83
EBIT	168.81	162.9	157.55	107.86	162.84	140.91
EBIT Margin	7.31%	7.12%	7.17%	5.12%	7.61%	7.44%
Effective Tax Rate	14.36%	15.98%	15.53%	21.81%	20.88%	17.34%
Revenue as Reported	2,287	2,287	2,196	2,106	2,139	1,893
Advertising Expenses	-	26.08	20.28	252.07	198.26	218.36

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