SHA:600573 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	615.83	631.15	600.24	601.38	567.63	601.89
Other Revenue	15.91	15.91	13.42	12.04	14.4	12.49
Revenue	631.74	647.06	613.65	613.42	582.04	614.38
Revenue Growth (YoY)	2.91%	5.45%	0.04%	5.39%	-5.26%	9.07%
Cost of Revenue	416.63	444.3	433.56	448.88	428.64	462.56
Gross Profit	215.11	202.76	180.09	164.53	153.4	151.82
Selling, General & Admin	65.33	77.4	67.79	60.88	71.65	64.91
Research & Development	26	25.09	24.06	23.87	21.41	17.08
Other Operating Expenses	63.36	67.09	65.99	63.85	61.39	66.1
Operating Expenses	154.69	169.57	157.86	148.6	154.45	148.09
Operating Income	60.41	33.19	22.24	15.94	-1.05	3.73
Interest Expense	-1.97	-1.44	-0.47	-0.05	-	-
Interest & Investment Income	37.64	37.11	35.38	30.15	28.32	25.22
Other Non Operating Income (Expenses)	-5.07	-0.12	-0.18	-0.14	-0.25	-0.33
EBT Excluding Unusual Items	91.01	68.74	56.97	45.89	27.02	28.61
Gain (Loss) on Sale of Investments	0.21	0.21	-	-	0.18	-
Asset Writedown	-1.21	-1.21	-0.76	-	-0.02	-0.56
Other Unusual Items	5.01	5.03	2.04	0.56	10.57	7.23
Pretax Income	95.01	72.77	58.24	46.46	37.75	35.29
Income Tax Expense	11.26	7.68	9.45	6.42	6.57	6.3
Earnings From Continuing Operations	83.75	65.08	48.79	40.04	31.18	28.99
Minority Interest in Earnings	-0.03	-0.25	-0.26	-0.19	-0.15	-0.32
Net Income	83.71	64.83	48.53	39.85	31.03	28.67
Net Income to Common	83.71	64.83	48.53	39.85	31.03	28.67
Net Income Growth	30.40%	33.58%	21.80%	28.41%	8.24%	44.66%
Shares Outstanding (Basic)	251	250	250	251	250	249
Shares Outstanding (Diluted)	251	250	250	251	250	249
Shares Change (YoY)	0.25%	0.05%	-0.18%	0.14%	0.38%	-0.62%
EPS (Basic)	0.33	0.26	0.19	0.16	0.12	0.12
EPS (Diluted)	0.33	0.26	0.19	0.16	0.12	0.12
EPS Growth	30.07%	33.51%	22.01%	28.23%	7.83%	45.57%
Free Cash Flow	109.33	119.63	70.79	136.12	53.46	76.29
Free Cash Flow Per Share	0.44	0.48	0.28	0.54	0.21	0.31
Dividend Per Share	0.080	0.080	0.060	0.050	0.038	0.035
Dividend Growth	33.33%	33.33%	20.00%	31.58%	8.57%	16.67%
Gross Margin	34.05%	31.34%	29.35%	26.82%	26.36%	24.71%
Operating Margin	9.56%	5.13%	3.62%	2.60%	-0.18%	0.61%
Profit Margin	13.25%	10.02%	7.91%	6.50%	5.33%	4.67%
Free Cash Flow Margin	17.31%	18.49%	11.54%	22.19%	9.18%	12.42%
EBITDA	81.02	56.69	49.59	41.9	30.94	35.17
EBITDA Margin	12.83%	8.76%	8.08%	6.83%	5.32%	5.72%
D&A For EBITDA	20.61	23.5	27.35	25.96	31.99	31.44
EBIT	60.41	33.19	22.24	15.94	-1.05	3.73
EBIT Margin	9.56%	5.13%	3.62%	2.60%	-0.18%	0.61%
Effective Tax Rate	11.86%	10.56%	16.23%	13.81%	17.40%	17.84%
Revenue as Reported	631.74	647.06	613.65	613.42	582.04	614.38
Advertising Expenses	-	0.83	1.34	0.82	0.89	0.43

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