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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.