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	Sep '26 Sep 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	595.51	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	613.8	558.27	364.18	562.22	582.28	271.28
Revenue Growth	12.20%	53.29%	-35.22%	-3.45%	114.64%	427.43%
Cost of Revenue	369.85	363.12	255.86	280.4	212	119.72
Gross Profit	243.95	195.15	108.32	281.82	370.28	151.56
Selling, General & Admin	71.59	70.29	64.88	72.13	130.17	76.62
Research & Development	31.77	33.03	22.22	31.68	36.98	15.35
Other Operating Expenses	5.61	5.31	4.84	9.85	9.43	7.11
Operating Expenses	111.17	116.37	101.51	118.47	177.2	100.52
Operating Income	132.79	78.78	6.81	163.35	193.08	51.04
Interest Expense	-1.14	-6.92	-7.48	-10.11	-8.27	-0.3
Interest & Investment Income	2.15	3	4.69	4.99	3.01	5.9
Currency Exchange Gain (Loss)	-0.22	-0.22	0.18	-	-	-
Other Non Operating Income (Expenses)	-15.16	-0.5	-0.16	-0.46	-0.08	0
EBT Excluding Unusual Items	118.41	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	-1.49	-0.23	0.37	1.43	0.5	1.16
Asset Writedown	-3.17	-3.15	-	-	-0.08	-
Legal Settlements	-1.08	-1.08	28.47	-28.71	-	-
Other Unusual Items	2.33	1.28	-0.24	1.62	3.07	21.73
Pretax Income	113.59	69.54	-133.12	134.38	192.84	79.85
Income Tax Expense	22.36	11.15	13.65	25.05	30.18	9.17
Earnings From Continuing Operations	91.23	58.39	-146.77	109.33	162.66	70.68
Minority Interest in Earnings	-11.2	-15.83	-4.3	-1.8	0.27	0.04
Net Income	80.03	42.56	-151.07	107.53	162.93	70.72
Net Income to Common	80.03	42.56	-151.07	107.53	162.93	70.72
Net Income Growth	-	-	-	-34.00%	130.38%	-
Shares Outstanding (Basic)	236	236	229	229	223	225
Shares Outstanding (Diluted)	237	236	229	229	229	225
Shares Change	3.79%	3.29%	0.05%	-0.30%	1.98%	-6.78%
EPS (Basic)	0.34	0.18	-0.66	0.47	0.73	0.31
EPS (Diluted)	0.34	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	Sep '26 Sep 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	4.31	42.8	68.46	332.68	100.07	45.49
Free Cash Flow Per Share	0.02	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	39.75%	34.96%	29.74%	50.13%	63.59%	55.87%
Operating Margin	21.63%	14.11%	1.87%	29.05%	33.16%	18.82%
Profit Margin	13.04%	7.62%	-41.48%	19.13%	27.98%	26.07%
Free Cash Flow Margin	0.70%	7.67%	18.80%	59.17%	17.19%	16.77%
EBITDA	172.07	115.54	40.22	195.63	226.1	78.1
EBITDA Margin	28.03%	20.70%	11.04%	34.80%	38.83%	28.79%
D&A For EBITDA	39.28	36.76	33.41	32.28	33.02	27.06
EBIT	132.79	78.78	6.81	163.35	193.08	51.04
EBIT Margin	21.63%	14.11%	1.87%	29.05%	33.16%	18.82%
Effective Tax Rate	19.69%	16.03%	-	18.64%	15.65%	11.49%
Revenue as Reported	146.04	558.27	364.18	562.22	582.28	271.28
Advertising Expenses	-	1.05	0.5	-	-	3.35