SHA:600573 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	629.86	620.52	631.15	600.24	601.38	567.63
Other Revenue	19.78	19.78	15.91	13.42	12.04	14.4
Revenue	649.64	640.3	647.06	613.65	613.42	582.04
Revenue Growth (YoY)	0.32%	-1.04%	5.45%	0.04%	5.39%	-5.26%
Cost of Revenue	423.2	418.1	444.3	433.56	448.88	428.64
Gross Profit	226.43	222.2	202.76	180.09	164.53	153.4
Selling, General & Admin	77.41	74.63	77.4	67.79	60.88	71.65
Research & Development	26.67	26.04	25.09	24.06	23.87	21.41
Other Operating Expenses	65.85	65.22	67.1	65.99	63.85	61.39
Operating Expenses	169.92	165.9	169.58	157.86	148.6	154.45
Operating Income	56.51	56.31	33.18	22.24	15.94	-1.05
Interest Expense	-1.81	-1.92	-1.44	-0.47	-0.05	-
Interest & Investment Income	38.99	38.63	37.11	35.38	30.15	28.32
Other Non Operating Income (Expenses)	-0.22	-0.24	-0.12	-0.18	-0.14	-0.25
EBT Excluding Unusual Items	93.48	92.78	68.73	56.97	45.89	27.02
Gain (Loss) on Sale of Investments	0.46	0.33	0.21	-	-	0.18
Asset Writedown	-4.52	-4.52	-1.21	-0.76	-	-0.02
Other Unusual Items	2.17	2.1	5.04	2.04	0.56	10.57
Pretax Income	91.58	90.68	72.77	58.24	46.46	37.75
Income Tax Expense	9.52	10.54	7.68	9.45	6.42	6.57
Earnings From Continuing Operations	82.06	80.14	65.08	48.79	40.04	31.18
Minority Interest in Earnings	-0.16	-0.15	-0.25	-0.26	-0.19	-0.15
Net Income	81.9	79.99	64.83	48.53	39.85	31.03
Net Income to Common	81.9	79.99	64.83	48.53	39.85	31.03
Net Income Growth	24.01%	23.39%	33.58%	21.80%	28.41%	8.24%
Shares Outstanding (Basic)	249	250	250	250	251	250
Shares Outstanding (Diluted)	249	250	250	250	251	250
Shares Change (YoY)	-0.22%	-0.14%	0.05%	-0.18%	0.14%	0.38%
EPS (Basic)	0.33	0.32	0.26	0.19	0.16	0.12
EPS (Diluted)	0.33	0.32	0.26	0.19	0.16	0.12
EPS Growth	24.28%	23.55%	33.51%	22.01%	28.23%	7.83%
Free Cash Flow	48.48	88.73	119.63	70.79	136.12	53.46
Free Cash Flow Per Share	0.20	0.35	0.48	0.28	0.54	0.21
Dividend Per Share	0.100	0.100	0.080	0.060	0.050	0.038
Dividend Growth	25.00%	25.00%	33.33%	20.00%	31.58%	8.57%
Gross Margin	34.86%	34.70%	31.34%	29.35%	26.82%	26.36%
Operating Margin	8.70%	8.79%	5.13%	3.62%	2.60%	-0.18%
Profit Margin	12.61%	12.49%	10.02%	7.91%	6.50%	5.33%
Free Cash Flow Margin	7.46%	13.86%	18.49%	11.54%	22.19%	9.18%
EBITDA	79.86	79.69	56.69	49.59	41.9	30.94
EBITDA Margin	12.29%	12.45%	8.76%	8.08%	6.83%	5.32%
D&A For EBITDA	23.36	23.39	23.51	27.35	25.96	31.99
EBIT	56.51	56.31	33.18	22.24	15.94	-1.05
EBIT Margin	8.70%	8.79%	5.13%	3.62%	2.60%	-0.18%
Effective Tax Rate	10.39%	11.63%	10.56%	16.23%	13.81%	17.40%
Revenue as Reported	649.64	640.3	647.06	613.65	613.42	582.04
Advertising Expenses	-	1.68	0.83	1.34	0.82	0.89

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