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	Jun '26 Jun 30, 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	596.74	539.98	348.38	536.88	568.1	251.12
Other Revenue	18.57	18.29	15.8	25.33	14.18	20.16
Revenue	615.31	558.27	364.18	562.22	582.28	271.28
Revenue Growth	27.22%	53.29%	-35.22%	-3.45%	114.64%	427.43%
Cost of Revenue	386.01	363.12	255.86	280.4	212	119.72
Gross Profit	229.3	195.15	108.32	281.82	370.28	151.56
Selling, General & Admin	72.4	70.29	64.88	72.13	130.17	76.62
Research & Development	31.18	33.03	22.22	31.68	36.98	15.35
Other Operating Expenses	5.7	5.31	4.84	9.85	9.43	7.11
Operating Expenses	115.56	116.37	101.51	118.47	177.2	100.52
Operating Income	113.74	78.78	6.81	163.35	193.08	51.04
Interest Expense	-3.79	-6.92	-7.48	-10.11	-8.27	-0.3
Interest & Investment Income	2.32	3	4.69	4.99	3.01	5.9
Currency Exchange Gain (Loss)	-1.04	-0.22	0.18	-	-	-
Other Non Operating Income (Expenses)	-0.78	-0.5	-0.16	-0.46	-0.08	0
EBT Excluding Unusual Items	110.44	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	-0.4	-0.23	0.37	1.43	0.5	1.16
Asset Writedown	-3.15	-3.15	-	-	-0.08	-
Legal Settlements	-1.08	-1.08	28.47	-28.71	-	-
Other Unusual Items	1.58	1.28	-0.24	1.62	3.07	21.73
Pretax Income	105.98	69.54	-133.12	134.38	192.84	79.85
Income Tax Expense	19.75	11.15	13.65	25.05	30.18	9.17
Earnings From Continuing Operations	86.23	58.39	-146.77	109.33	162.66	70.68
Minority Interest in Earnings	-12.65	-15.83	-4.3	-1.8	0.27	0.04
Net Income	73.58	42.56	-151.07	107.53	162.93	70.72
Net Income to Common	73.58	42.56	-151.07	107.53	162.93	70.72
Net Income Growth	-	-	-	-34.00%	130.38%	-
Shares Outstanding (Basic)	241	236	229	229	223	225
Shares Outstanding (Diluted)	241	236	229	229	229	225
Shares Change	14.14%	3.29%	0.05%	-0.30%	1.98%	-6.78%
EPS (Basic)	0.31	0.18	-0.66	0.47	0.73	0.31
EPS (Diluted)	0.31	0.18	-0.66	0.47	0.71	0.31
EPS Growth	-	-	-	-33.80%	125.90%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	43.5	42.8	68.46	332.68	100.07	45.49
Free Cash Flow Per Share	0.18	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	37.27%	34.96%	29.74%	50.13%	63.59%	55.87%
Operating Margin	18.48%	14.11%	1.87%	29.05%	33.16%	18.82%
Profit Margin	11.96%	7.62%	-41.48%	19.13%	27.98%	26.07%
Free Cash Flow Margin	7.07%	7.67%	18.80%	59.17%	17.19%	16.77%
EBITDA	150.31	115.54	40.22	195.63	226.1	78.1
EBITDA Margin	24.43%	20.70%	11.04%	34.80%	38.83%	28.79%
D&A For EBITDA	36.57	36.76	33.41	32.28	33.02	27.06
EBIT	113.74	78.78	6.81	163.35	193.08	51.04
EBIT Margin	18.48%	14.11%	1.87%	29.05%	33.16%	18.82%
Effective Tax Rate	18.63%	16.03%	-	18.64%	15.65%	11.49%
Revenue as Reported	615.31	558.27	364.18	562.22	582.28	271.28
Advertising Expenses	-	1.05	0.5	-	-	3.35