SHA:600854 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	68.99	61.34	54.78	127.68	227.12	171.57
Other Revenue	33.52	33.52	37.2	45.31	54.7	64.29
Revenue	102.51	94.86	91.98	172.99	281.83	235.86
Revenue Growth (YoY)	12.36%	3.13%	-46.83%	-38.62%	19.49%	-7.66%
Cost of Revenue	67.68	59.64	49.47	81.19	128.69	131.04
Gross Profit	34.82	35.22	42.51	91.8	153.14	104.82
Selling, General & Admin	52.61	52.01	50.36	52.41	54.73	84.22
Research & Development	1.88	2.3	1.12	1.18	0.76	0.92
Other Operating Expenses	9.64	9.88	15.33	12.44	16.91	14.16
Operating Expenses	65.26	65.31	67.52	66.96	72.26	98.49
Operating Income	-30.44	-30.09	-25.02	24.84	80.88	6.33
Interest Expense	-0.02	-0.02	-0.06	-0.09	-0.01	-
Interest & Investment Income	158.94	158.94	159.8	142.08	81.31	117.26
Other Non Operating Income (Expenses)	-1.76	-0.07	0.12	-0.06	1.81	1.71
EBT Excluding Unusual Items	126.6	128.75	134.85	166.77	163.99	125.29
Gain (Loss) on Sale of Assets	0	0	-0.22	1.35	0.09	-1.14
Asset Writedown	-	-	-	-	-	-3.6
Other Unusual Items	1.46	1.46	3.44	2.84	2.02	3.99
Pretax Income	128.06	130.21	138.07	170.95	166.11	124.55
Income Tax Expense	2.49	3.11	3.23	15.49	29.46	20.53
Earnings From Continuing Operations	125.57	127.1	134.84	155.46	136.65	104.02
Minority Interest in Earnings	0.56	0.53	-1.5	-7.36	-13.79	-4.78
Net Income	126.13	127.63	133.34	148.1	122.86	99.23
Net Income to Common	126.13	127.63	133.34	148.1	122.86	99.23
Net Income Growth	-6.97%	-4.28%	-9.97%	20.54%	23.81%	149.09%
Shares Outstanding (Basic)	520	519	519	519	520	520
Shares Outstanding (Diluted)	520	519	519	519	520	520
Shares Change (YoY)	-0.35%	0.01%	-0.01%	-0.01%	-0.01%	0.03%
EPS (Basic)	0.24	0.25	0.26	0.29	0.24	0.19
EPS (Diluted)	0.24	0.25	0.26	0.29	0.24	0.19
EPS Growth	-6.64%	-4.29%	-9.96%	20.55%	23.82%	149.02%
Free Cash Flow	0.81	15.25	48.64	-18.75	89.94	295.18
Free Cash Flow Per Share	0.00	0.03	0.09	-0.04	0.17	0.57
Dividend Per Share	0.120	0.120	0.120	0.140	0.115	0.095
Dividend Growth	-	-	-14.29%	21.74%	21.05%	150.00%
Gross Margin	33.97%	37.13%	46.21%	53.07%	54.34%	44.44%
Operating Margin	-29.69%	-31.72%	-27.20%	14.36%	28.70%	2.68%
Profit Margin	123.05%	134.55%	144.96%	85.61%	43.59%	42.07%
Free Cash Flow Margin	0.78%	16.07%	52.88%	-10.84%	31.91%	125.15%
EBITDA	-5.76	-5.35	-0.04	50.43	108.71	36.58
EBITDA Margin	-5.62%	-5.64%	-0.05%	29.15%	38.57%	15.51%
D&A For EBITDA	24.68	24.74	24.97	25.58	27.83	30.25
EBIT	-30.44	-30.09	-25.02	24.84	80.88	6.33
EBIT Margin	-29.69%	-31.72%	-27.20%	14.36%	28.70%	2.68%
Effective Tax Rate	1.94%	2.39%	2.34%	9.06%	17.73%	16.49%
Revenue as Reported	94.86	94.86	91.98	172.99	281.83	235.86
Advertising Expenses	-	5.34	4.86	1.81	4.11	-

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