SHA:603025 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	3,075	2,962	2,485	1,982	1,541	1,459
Other Revenue	39.95	39.95	44.38	51.01	56.28	46.37
Revenue	3,115	3,002	2,529	2,033	1,598	1,505
Revenue Growth (YoY)	19.28%	18.70%	24.42%	27.22%	6.16%	80.76%
Cost of Revenue	1,716	1,709	1,474	1,252	953.94	891.94
Gross Profit	1,399	1,293	1,055	780.46	643.68	612.94
Selling, General & Admin	205.95	196.37	194.96	171.18	117.14	111.99
Research & Development	216.69	212.52	205.7	183.17	163.82	146.5
Other Operating Expenses	-32.02	-46.66	-63.22	-32.79	-30.3	-27.23
Operating Expenses	385.88	361.21	342.09	322.66	250.44	232.47
Operating Income	1,013	931.98	712.66	457.8	393.24	380.47
Interest Expense	-27.63	-28.28	-27.83	-13.26	-2.08	-0.66
Interest & Investment Income	14.19	13.43	29.61	38.77	109.48	29.82
Currency Exchange Gain (Loss)	-1.7	-1.7	-3.23	-1.45	-2.02	0.19
Other Non Operating Income (Expenses)	-6.19	-7.24	-15.81	-5.08	-1.31	-0.25
EBT Excluding Unusual Items	991.65	908.19	695.39	476.78	497.31	409.58
Impairment of Goodwill	-39.81	-39.81	-	-	-	-
Gain (Loss) on Sale of Investments	-5.13	-6.52	3.54	-2.66	-0.28	-0.87
Gain (Loss) on Sale of Assets	-0.15	-0.15	-0.09	-0.07	-0.03	-0.39
Other Unusual Items	7.76	7.76	9.31	16.62	17.21	7.71
Pretax Income	954.32	869.48	708.15	490.67	514.22	416.02
Income Tax Expense	120.04	110.74	84.17	52.88	57.92	51.32
Earnings From Continuing Operations	834.29	758.74	623.98	437.78	456.3	364.7
Minority Interest in Earnings	-54.62	-48.62	-39.72	-32.29	-21.1	-6.76
Net Income	779.67	710.12	584.25	405.5	435.2	357.94
Net Income to Common	779.67	710.12	584.25	405.5	435.2	357.94
Net Income Growth	29.04%	21.54%	44.08%	-6.83%	21.58%	67.00%
Shares Outstanding (Basic)	1,112	1,110	1,102	1,096	1,116	1,101
Shares Outstanding (Diluted)	1,112	1,110	1,102	1,096	1,116	1,101
Shares Change (YoY)	1.33%	0.65%	0.59%	-1.79%	1.32%	-1.50%
EPS (Basic)	0.70	0.64	0.53	0.37	0.39	0.33
EPS (Diluted)	0.70	0.64	0.53	0.37	0.39	0.33
EPS Growth	27.34%	20.76%	43.24%	-5.13%	20.00%	69.54%
Free Cash Flow	466.93	326.44	209.6	318.58	205.01	236.25
Free Cash Flow Per Share	0.42	0.29	0.19	0.29	0.18	0.21
Dividend Per Share	0.450	0.450	0.350	0.300	0.167	0.333
Dividend Growth	28.57%	28.57%	16.67%	79.96%	-49.98%	81.83%
Gross Margin	44.91%	43.08%	41.71%	38.40%	40.29%	40.73%
Operating Margin	32.52%	31.05%	28.18%	22.52%	24.61%	25.28%
Profit Margin	25.03%	23.66%	23.10%	19.95%	27.24%	23.79%
Free Cash Flow Margin	14.99%	10.88%	8.29%	15.67%	12.83%	15.70%
EBITDA	1,043	962.53	743.64	490.52	422	404.73
EBITDA Margin	33.50%	32.07%	29.41%	24.13%	26.41%	26.90%
D&A For EBITDA	30.44	30.55	30.98	32.72	28.75	24.26
EBIT	1,013	931.98	712.66	457.8	393.24	380.47
EBIT Margin	32.52%	31.05%	28.18%	22.52%	24.61%	25.28%
Effective Tax Rate	12.58%	12.74%	11.89%	10.78%	11.26%	12.34%
Revenue as Reported	3,115	3,002	2,529	2,033	1,598	1,505
Advertising Expenses	-	1.54	0.54	1.74	0.11	0.2

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