SHA:603032 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	591.01	539.98	348.38	536.88	568.1	251.12
Other Revenue	18.29	18.29	15.8	25.33	14.18	20.16
Revenue	609.3	558.27	364.18	562.22	582.28	271.28
Revenue Growth (YoY)	49.01%	53.29%	-35.22%	-3.45%	114.64%	427.43%
Cost of Revenue	385.79	363.12	255.86	280.4	212	119.72
Gross Profit	223.51	195.15	108.32	281.82	370.28	151.56
Selling, General & Admin	70.29	70.29	64.88	72.13	130.17	76.62
Research & Development	31.96	33.03	22.22	31.68	36.98	15.35
Other Operating Expenses	4.49	5.31	4.84	9.85	9.43	7.11
Operating Expenses	114.47	116.37	101.51	118.47	177.2	100.52
Operating Income	109.03	78.78	6.81	163.35	193.08	51.04
Interest Expense	-6.92	-6.92	-7.48	-10.11	-8.27	-0.3
Interest & Investment Income	2.76	3	4.69	4.99	3.01	5.9
Currency Exchange Gain (Loss)	-0.22	-0.22	0.18	-	-	-
Other Non Operating Income (Expenses)	-0.02	-0.5	-0.16	-0.46	-0.08	0
EBT Excluding Unusual Items	104.63	74.13	4.04	157.76	187.74	56.64
Impairment of Goodwill	-	-	-164.3	-	-	-
Gain (Loss) on Sale of Investments	-1.41	-1.41	-1.46	2.27	1.61	0.32
Gain (Loss) on Sale of Assets	-0.33	-0.23	0.37	1.43	0.5	1.16
Asset Writedown	-3.24	-3.15	-	-	-0.08	-
Legal Settlements	-1.08	-1.08	28.47	-28.71	-	-
Other Unusual Items	1.28	1.28	-0.24	1.62	3.07	21.73
Pretax Income	99.84	69.54	-133.12	134.38	192.84	79.85
Income Tax Expense	16.21	11.15	13.65	25.05	30.18	9.17
Earnings From Continuing Operations	83.63	58.39	-146.77	109.33	162.66	70.68
Minority Interest in Earnings	-14.89	-15.83	-4.3	-1.8	0.27	0.04
Net Income	68.74	42.56	-151.07	107.53	162.93	70.72
Net Income to Common	68.74	42.56	-151.07	107.53	162.93	70.72
Net Income Growth	-	-	-	-34.00%	130.38%	-
Shares Outstanding (Basic)	237	236	229	229	223	225
Shares Outstanding (Diluted)	237	236	229	229	229	225
Shares Change (YoY)	3.54%	3.29%	0.05%	-0.30%	1.98%	-6.78%
EPS (Basic)	0.29	0.18	-0.66	0.47	0.73	0.31
EPS (Diluted)	0.29	0.18	-0.66	0.47	0.71	0.31
EPS Growth	-	-	-	-33.80%	125.90%	-
Free Cash Flow	86.56	42.8	68.46	332.68	100.07	45.49
Free Cash Flow Per Share	0.36	0.18	0.30	1.45	0.44	0.20
Dividend Per Share	0.043	0.043	0.056	-	-	-
Dividend Growth	-23.21%	-23.21%	-	-	-	-
Gross Margin	36.68%	34.96%	29.74%	50.13%	63.59%	55.87%
Operating Margin	17.89%	14.11%	1.87%	29.05%	33.16%	18.82%
Profit Margin	11.28%	7.62%	-41.48%	19.13%	27.98%	26.07%
Free Cash Flow Margin	14.21%	7.67%	18.80%	59.17%	17.19%	16.77%
EBITDA	146.64	115.54	40.22	195.63	226.1	78.1
EBITDA Margin	24.07%	20.70%	11.04%	34.80%	38.83%	28.79%
D&A For EBITDA	37.6	36.76	33.41	32.28	33.02	27.06
EBIT	109.03	78.78	6.81	163.35	193.08	51.04
EBIT Margin	17.89%	14.11%	1.87%	29.05%	33.16%	18.82%
Effective Tax Rate	16.23%	16.03%	-	18.64%	15.65%	11.49%
Revenue as Reported	558.27	558.27	364.18	562.22	582.28	271.28
Advertising Expenses	-	1.05	0.5	-	-	3.35

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