SHA:600738 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	604.95	606.32	610.47	819.29	704.98	594.42
Other Revenue	27.48	27.48	55.56	61.08	51.44	48.24
Revenue	632.42	633.79	666.02	880.36	756.42	642.67
Revenue Growth (YoY)	-2.63%	-4.84%	-24.35%	16.38%	17.70%	7.23%
Cost of Revenue	220.78	220.33	226.34	401.42	412.98	197.28
Gross Profit	411.64	413.46	439.68	478.95	343.45	445.39
Selling, General & Admin	131.24	126.61	132.24	190.66	173.36	157.94
Other Operating Expenses	37.33	37.06	37.31	38.36	48.89	38.53
Operating Expenses	187.33	182.43	240.54	231.14	225.58	196.48
Operating Income	224.32	231.03	199.14	247.81	117.86	248.91
Interest Expense	-14.89	-14.89	-24.32	-38.41	-49.73	-34.11
Interest & Investment Income	18.44	17.48	3.34	6.3	7.92	8.19
Currency Exchange Gain (Loss)	-0.01	-0.01	0.09	-0.99	-0.75	-0.18
Other Non Operating Income (Expenses)	3.21	-3.47	-1.81	-11.91	-2.94	-0.52
EBT Excluding Unusual Items	231.06	230.14	176.44	202.81	72.35	222.29
Gain (Loss) on Sale of Investments	-4.5	-4.5	-59.48	-70.64	57.64	-0.52
Gain (Loss) on Sale of Assets	-0.42	-0.43	-1.45	1.17	-2.35	-3.99
Asset Writedown	-	-	-	-	-9.32	-
Other Unusual Items	1.74	1.74	2.95	15.37	3.89	0.3
Pretax Income	227.88	226.95	118.45	148.71	122.22	218.08
Income Tax Expense	63.87	67.1	71.98	65.82	39.33	64.2
Earnings From Continuing Operations	164.01	159.85	46.47	82.89	82.89	153.88
Net Income to Company	164.01	159.85	46.47	82.89	82.89	153.88
Minority Interest in Earnings	2.51	4.13	26.08	-0.25	3.47	0.94
Net Income	166.52	163.98	72.55	82.64	86.35	154.82
Net Income to Common	166.52	163.98	72.55	82.64	86.35	154.82
Net Income Growth	146.41%	126.02%	-12.21%	-4.30%	-44.22%	78.65%
Shares Outstanding (Basic)	753	745	726	751	785	737
Shares Outstanding (Diluted)	753	745	726	751	785	774
Shares Change (YoY)	6.10%	2.74%	-3.43%	-4.30%	1.42%	0.04%
EPS (Basic)	0.22	0.22	0.10	0.11	0.11	0.21
EPS (Diluted)	0.22	0.22	0.10	0.11	0.11	0.20
EPS Growth	132.24%	120.00%	-9.09%	-	-45.00%	78.57%
Free Cash Flow	385.23	220.42	106.89	241.44	123.75	-93.33
Free Cash Flow Per Share	0.51	0.30	0.15	0.32	0.16	-0.12
Dividend Per Share	0.100	0.100	0.015	0.039	0.070	-
Dividend Growth	566.67%	566.67%	-61.14%	-44.86%	-	-
Gross Margin	65.09%	65.24%	66.02%	54.40%	45.40%	69.30%
Operating Margin	35.47%	36.45%	29.90%	28.15%	15.58%	38.73%
Profit Margin	26.33%	25.87%	10.89%	9.39%	11.42%	24.09%
Free Cash Flow Margin	60.91%	34.78%	16.05%	27.43%	16.36%	-14.52%
EBITDA	339.89	347.33	318.35	369.75	249.51	368.83
EBITDA Margin	53.74%	54.80%	47.80%	42.00%	32.99%	57.39%
D&A For EBITDA	115.57	116.3	119.21	121.94	131.65	119.91
EBIT	224.32	231.03	199.14	247.81	117.86	248.91
EBIT Margin	35.47%	36.45%	29.90%	28.15%	15.58%	38.73%
Effective Tax Rate	28.03%	29.57%	60.77%	44.26%	32.18%	29.44%
Revenue as Reported	633.79	633.79	666.02	880.36	756.42	642.67
Advertising Expenses	-	3.19	4.49	5.34	4.58	4.63

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