SHA:600731 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	1,838	1,791	2,468	2,371	3,127	2,749
Other Revenue	19.56	19.56	2.5	3.82	3.06	-
Revenue	1,858	1,810	2,471	2,374	3,130	2,749
Revenue Growth (YoY)	-26.23%	-26.74%	4.06%	-24.14%	13.88%	25.91%
Cost of Revenue	1,257	1,203	1,830	1,844	2,344	2,123
Gross Profit	601.23	606.93	640.47	530.14	786.48	625.67
Selling, General & Admin	215.73	210.37	196.21	184.96	196.44	164.88
Research & Development	137.01	146.6	142.56	121.8	145.94	104.49
Other Operating Expenses	14.98	14.25	13.43	15.04	14.37	5.44
Operating Expenses	368.46	371.96	352.45	320.18	364.66	300.46
Operating Income	232.76	234.97	288.02	209.96	421.82	325.2
Interest Expense	-12.1	-12.1	-10.92	-11.96	-16.42	-15.7
Interest & Investment Income	23.41	23.41	27.93	17.85	10.14	22.96
Currency Exchange Gain (Loss)	-1.32	-1.32	6.88	1.74	9.42	-3.27
Other Non Operating Income (Expenses)	-14.87	0.35	-2.42	-4.21	2.49	3.23
EBT Excluding Unusual Items	227.87	245.3	309.5	213.38	427.45	332.43
Gain (Loss) on Sale of Investments	2.1	4.89	0.57	0.04	-0.7	0.43
Gain (Loss) on Sale of Assets	47.63	47.62	0.04	65.59	-7.17	-0.06
Asset Writedown	0.41	-	-	0	-0.01	-0.16
Other Unusual Items	13.41	13.41	17.11	25.55	8.38	-
Pretax Income	291.42	311.23	327.21	304.56	427.94	332.63
Income Tax Expense	33.78	40.12	38.68	20.63	53.48	41.18
Earnings From Continuing Operations	257.64	271.11	288.53	283.93	374.46	291.45
Earnings From Discontinued Operations	-6	-6	-	-	-	-4.54
Net Income to Company	251.64	265.11	288.53	283.93	374.46	286.91
Minority Interest in Earnings	-19.97	-21.46	-23.13	-10.15	-22.19	-20.23
Net Income	231.67	243.65	265.4	273.78	352.27	266.68
Net Income to Common	231.67	243.65	265.4	273.78	352.27	266.68
Net Income Growth	-25.82%	-8.20%	-3.06%	-22.28%	32.09%	-10.03%
Shares Outstanding (Basic)	564	568	559	551	462	462
Shares Outstanding (Diluted)	564	568	559	551	462	462
Shares Change (YoY)	0.88%	1.69%	1.47%	19.23%	0.01%	30.00%
EPS (Basic)	0.41	0.43	0.47	0.50	0.76	0.58
EPS (Diluted)	0.41	0.43	0.47	0.50	0.76	0.58
EPS Growth	-26.47%	-9.72%	-4.46%	-34.82%	32.09%	-30.79%
Free Cash Flow	250.04	17.1	154.3	26.61	-72.01	-69.31
Free Cash Flow Per Share	0.44	0.03	0.28	0.05	-0.16	-0.15
Dividend Per Share	-	-	0.200	0.200	-	-
Gross Margin	32.36%	33.53%	25.92%	22.33%	25.13%	22.76%
Operating Margin	12.53%	12.98%	11.66%	8.84%	13.48%	11.83%
Profit Margin	12.47%	13.46%	10.74%	11.53%	11.25%	9.70%
Free Cash Flow Margin	13.46%	0.95%	6.25%	1.12%	-2.30%	-2.52%
EBITDA	375.89	372.42	402.78	302.01	504.86	386.24
EBITDA Margin	20.23%	20.57%	16.30%	12.72%	16.13%	14.05%
D&A For EBITDA	143.13	137.45	114.76	92.06	83.04	61.04
EBIT	232.76	234.97	288.02	209.96	421.82	325.2
EBIT Margin	12.53%	12.98%	11.66%	8.84%	13.48%	11.83%
Effective Tax Rate	11.59%	12.89%	11.82%	6.78%	12.50%	12.38%
Revenue as Reported	1,810	1,810	2,471	2,374	3,130	2,748
Advertising Expenses	-	1.76	2.06	2.77	1.06	1.82

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