SHA:600965 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	1,131	1,128	981.99	1,007	1,041	1,242
Other Revenue	34.96	34.96	39.55	39.61	32.89	26.67
Revenue	1,166	1,163	1,022	1,046	1,074	1,269
Revenue Growth (YoY)	10.65%	13.80%	-2.36%	-2.57%	-15.34%	16.77%
Cost of Revenue	916.69	907.44	761.69	652.09	738.96	853.82
Gross Profit	249.26	255.1	259.85	394.19	334.93	414.68
Selling, General & Admin	160.47	160.42	178.44	219.29	186.78	217.51
Research & Development	0.41	0.39	0.32	2.13	2.94	16.44
Other Operating Expenses	3.15	7.4	6.65	6.67	7.37	7.45
Operating Expenses	164.2	168.37	184.93	230.2	202.29	242.69
Operating Income	85.06	86.73	74.93	163.99	132.64	172
Interest Expense	-4.68	-4.68	-4.07	-3.62	-6.77	-6.43
Interest & Investment Income	0.43	0.43	2.19	7.94	16.51	26.44
Currency Exchange Gain (Loss)	-0	-0	0	-0.07	-	-
Other Non Operating Income (Expenses)	0.31	-0.28	5.59	-31.4	-2.06	-5
EBT Excluding Unusual Items	81.12	82.2	78.63	136.84	140.32	187
Impairment of Goodwill	-	-	-	-6.49	-	-
Gain (Loss) on Sale of Investments	-0.28	0.24	-0.25	-	-	-
Gain (Loss) on Sale of Assets	-0.09	-0.11	-4.08	0.05	3.9	-0.62
Asset Writedown	-3.14	-3.14	-7.37	-13.18	-15	-
Legal Settlements	-	-	-	-	-19.18	-
Other Unusual Items	-1.61	-1.61	2.93	5.9	6.14	3.09
Pretax Income	77.35	78.92	69.87	123.81	120.94	189.46
Income Tax Expense	20.84	20.47	14.06	26.66	16.25	39.91
Earnings From Continuing Operations	56.51	58.45	55.81	97.15	104.69	149.55
Net Income to Company	56.51	58.45	55.81	97.15	104.69	149.55
Minority Interest in Earnings	-2.03	-1.51	-4.11	1.44	5.11	0.78
Net Income	54.47	56.94	51.7	98.59	109.8	150.34
Net Income to Common	54.47	56.94	51.7	98.59	109.8	150.34
Net Income Growth	3.79%	10.14%	-47.56%	-10.21%	-26.96%	24.49%
Shares Outstanding (Basic)	717	813	862	819	819	819
Shares Outstanding (Diluted)	717	813	862	819	819	819
Shares Change (YoY)	-11.97%	-5.59%	5.23%	0.01%	-0.00%	0.02%
EPS (Basic)	0.08	0.07	0.06	0.12	0.13	0.18
EPS (Diluted)	0.08	0.07	0.06	0.12	0.13	0.18
EPS Growth	17.89%	16.67%	-50.17%	-10.22%	-26.96%	24.47%
Free Cash Flow	34.98	111.33	-61.11	-510.04	-86.18	-35.08
Free Cash Flow Per Share	0.05	0.14	-0.07	-0.62	-0.10	-0.04
Dividend Per Share	-	-	0.038	0.049	0.054	0.120
Dividend Growth	-	-	-22.45%	-9.26%	-55.00%	20.00%
Gross Margin	21.38%	21.94%	25.44%	37.67%	31.19%	32.69%
Operating Margin	7.29%	7.46%	7.33%	15.67%	12.35%	13.56%
Profit Margin	4.67%	4.90%	5.06%	9.42%	10.22%	11.85%
Free Cash Flow Margin	3.00%	9.58%	-5.98%	-48.75%	-8.03%	-2.77%
EBITDA	167.81	171.44	167.49	252.23	195.91	222.35
EBITDA Margin	14.39%	14.75%	16.40%	24.11%	18.24%	17.53%
D&A For EBITDA	82.75	84.71	92.56	88.23	63.27	50.35
EBIT	85.06	86.73	74.93	163.99	132.64	172
EBIT Margin	7.29%	7.46%	7.33%	15.67%	12.35%	13.56%
Effective Tax Rate	26.95%	25.94%	20.12%	21.54%	13.44%	21.07%
Revenue as Reported	1,163	1,163	1,022	1,046	1,074	1,269
Advertising Expenses	-	1.05	1.73	2.37	2.22	-

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