SHA:601065 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	2,214	2,261	2,611	2,800	2,863	1,995
Other Revenue	-	-	71.08	87.09	72.68	60.55
Revenue	2,214	2,261	2,682	2,888	2,936	2,055
Revenue Growth (YoY)	-13.59%	-15.73%	-7.10%	-1.65%	42.86%	58.68%
Cost of Revenue	1,610	1,603	1,701	1,822	1,953	1,438
Gross Profit	604.48	657.87	981.14	1,066	983.5	617.18
Selling, General & Admin	328.15	314.73	317.04	315.44	294.19	259.02
Research & Development	86.2	90.97	104.58	108.77	94.47	63.82
Other Operating Expenses	14.82	20.99	47.2	60.44	61.84	38.05
Operating Expenses	429.17	426.7	467.71	485.45	451.09	367.67
Operating Income	175.31	231.17	513.43	580.37	532.41	249.51
Interest Expense	-	-	-5.2	-16.98	-40.13	-45.08
Interest & Investment Income	-	-	11.09	9.29	1.76	1.78
Currency Exchange Gain (Loss)	-	-	2.93	0.51	2.96	-0.41
Other Non Operating Income (Expenses)	9.24	12.82	-0.57	-0.28	1.3	-1.62
EBT Excluding Unusual Items	184.55	243.99	521.69	572.91	498.29	204.17
Gain (Loss) on Sale of Investments	-0.04	-0.04	-0.08	-0.01	-1.08	-0.32
Gain (Loss) on Sale of Assets	61.03	60.75	18.19	7.43	2.45	4.31
Asset Writedown	-8.94	-8.94	-5.71	-7.33	-9.24	-5.66
Other Unusual Items	-	-	19.23	17.39	10.37	9.45
Pretax Income	236.61	295.75	553.62	590.4	500.8	211.96
Income Tax Expense	28.62	36.92	74.74	76.52	62.51	22.86
Earnings From Continuing Operations	207.98	258.83	478.88	513.88	438.29	189.1
Net Income to Company	207.98	258.83	478.88	513.88	438.29	189.1
Minority Interest in Earnings	-5.61	-8.05	-17.9	-18.83	-16.86	-7.17
Net Income	202.38	250.78	460.97	495.05	421.43	181.92
Net Income to Common	202.38	250.78	460.97	495.05	421.43	181.92
Net Income Growth	-48.84%	-45.60%	-6.88%	17.47%	131.65%	28.14%
Shares Outstanding (Basic)	652	643	640	589	484	479
Shares Outstanding (Diluted)	652	643	640	589	484	479
Shares Change (YoY)	2.37%	0.44%	8.64%	21.66%	1.18%	4.53%
EPS (Basic)	0.31	0.39	0.72	0.84	0.87	0.38
EPS (Diluted)	0.31	0.39	0.72	0.84	0.87	0.38
EPS Growth	-50.02%	-45.83%	-14.29%	-3.45%	128.95%	22.58%
Free Cash Flow	238.3	187.5	72.52	441.81	468.87	82.79
Free Cash Flow Per Share	0.37	0.29	0.11	0.75	0.97	0.17
Dividend Per Share	-	-	0.220	0.350	0.078	-
Dividend Growth	-	-	-37.14%	348.72%	-	-
Gross Margin	27.30%	29.10%	36.58%	36.91%	33.50%	30.03%
Operating Margin	7.92%	10.23%	19.14%	20.10%	18.13%	12.14%
Profit Margin	9.14%	11.09%	17.18%	17.14%	14.35%	8.85%
Free Cash Flow Margin	10.76%	8.29%	2.70%	15.30%	15.97%	4.03%
EBITDA	509.34	552.27	782.82	839.92	797.43	477.61
EBITDA Margin	23.00%	24.43%	29.18%	29.09%	27.16%	23.24%
D&A For EBITDA	334.03	321.1	269.39	259.55	265.02	228.1
EBIT	175.31	231.17	513.43	580.37	532.41	249.51
EBIT Margin	7.92%	10.23%	19.14%	20.10%	18.13%	12.14%
Effective Tax Rate	12.10%	12.48%	13.50%	12.96%	12.48%	10.79%
Revenue as Reported	-	-	2,682	2,888	2,936	2,055
Advertising Expenses	-	-	9.87	6.36	7.39	2.96

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