SHA:603014 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,705	3,535	3,454	3,294	2,778
Other Revenue	63.56	69.49	78.52	131.76	132.56
Revenue	3,769	3,604	3,532	3,426	2,911
Revenue Growth (YoY)	4.57%	2.04%	3.09%	17.71%	-
Cost of Revenue	2,258	2,088	1,990	1,959	1,553
Gross Profit	1,510	1,516	1,542	1,467	1,358
Selling, General & Admin	789.8	801.06	857.25	884.67	841.65
Research & Development	143.86	164.7	154.86	182.84	153.49
Other Operating Expenses	32.24	16.58	32.02	41.75	6.27
Operating Expenses	967.7	1,001	1,065	1,146	1,007
Operating Income	542.65	514.85	477.11	320.93	350.7
Interest Expense	-0.74	-0.6	-0.85	-18.33	-47.58
Interest & Investment Income	33.16	40.57	29.07	29.83	18.86
Currency Exchange Gain (Loss)	-3.34	2.73	2.38	7.53	3.63
Other Non Operating Income (Expenses)	2.36	-20.55	1.29	10.57	-1
EBT Excluding Unusual Items	574.09	536.99	509.01	350.53	324.6
Gain (Loss) on Sale of Investments	0.99	0.22	0.11	-	2.18
Gain (Loss) on Sale of Assets	0.02	0.2	0.09	-0.01	0.01
Asset Writedown	-3.41	-2.75	-3.65	-	-7.8
Other Unusual Items	4.14	11.02	18.25	15.32	0.31
Pretax Income	575.82	545.68	523.81	365.84	319.3
Income Tax Expense	93.51	96.31	81.74	50.88	59.48
Earnings From Continuing Operations	482.31	449.37	442.07	314.96	259.82
Minority Interest in Earnings	-0.01	-	-	-	-
Net Income	482.3	449.37	442.07	314.96	259.82
Net Income to Common	482.3	449.37	442.07	314.96	259.82
Net Income Growth	7.33%	1.65%	40.36%	21.22%	-
Shares Outstanding (Basic)	395	371	370	364	351
Shares Outstanding (Diluted)	395	371	370	364	351
Shares Change (YoY)	6.45%	0.30%	1.76%	3.63%	-
EPS (Basic)	1.22	1.21	1.19	0.87	0.74
EPS (Diluted)	1.22	1.21	1.19	0.87	0.74
EPS Growth	0.83%	1.68%	37.47%	16.98%	-
Free Cash Flow	633.86	393	55.33	447.53	103.64
Free Cash Flow Per Share	1.60	1.06	0.15	1.23	0.29
Dividend Per Share	0.518	-	-	-	-
Gross Margin	40.08%	42.06%	43.67%	42.83%	46.65%
Operating Margin	14.40%	14.29%	13.51%	9.37%	12.05%
Profit Margin	12.80%	12.47%	12.52%	9.19%	8.93%
Free Cash Flow Margin	16.82%	10.90%	1.57%	13.06%	3.56%
EBITDA	782.76	748.08	708.36	553.87	542.22
EBITDA Margin	20.77%	20.76%	20.05%	16.17%	18.63%
D&A For EBITDA	240.11	233.23	231.25	232.94	191.52
EBIT	542.65	514.85	477.11	320.93	350.7
EBIT Margin	14.40%	14.29%	13.51%	9.37%	12.05%
Effective Tax Rate	16.24%	17.65%	15.60%	13.91%	18.63%
Revenue as Reported	3,769	3,604	3,532	3,426	2,911
Advertising Expenses	-	-	36.04	46.06	33.07

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