SHA:603051 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	1,506	1,519	2,049	2,946	2,570	1,652
Other Revenue	-	-	17.72	4.85	48.29	41.34
Revenue	1,506	1,519	2,067	2,951	2,618	1,693
Revenue Growth (YoY)	-18.38%	-26.49%	-29.96%	12.69%	54.63%	67.39%
Cost of Revenue	1,330	1,353	1,865	2,814	2,369	1,443
Gross Profit	175.98	165.75	201.74	136.26	249.23	250.23
Selling, General & Admin	101.3	105.57	107.65	110.06	85.68	59.63
Research & Development	62.77	63.87	76.21	99.17	82.09	53.04
Other Operating Expenses	-2.01	-15.2	-7.96	5.83	3.66	3.7
Operating Expenses	162.07	154.23	171.97	229.09	184.06	121.89
Operating Income	13.91	11.52	29.77	-92.83	65.17	128.34
Interest Expense	-	-	-39.52	-41.15	-22.78	-6.22
Interest & Investment Income	11.02	8.04	7.23	5.48	2.28	1.41
Currency Exchange Gain (Loss)	-	-	0.91	0.75	4.98	-1.01
Other Non Operating Income (Expenses)	-18.91	-20.4	-1.42	6.2	-0.26	-7.48
EBT Excluding Unusual Items	6.03	-0.84	-3.03	-121.55	49.39	115.04
Gain (Loss) on Sale of Investments	-0.1	-	-	-	-	-
Gain (Loss) on Sale of Assets	0.06	-0.01	-0.02	0.39	-0.49	0.25
Asset Writedown	-61.25	-61.25	-0.19	-0.08	-	-0.3
Other Unusual Items	-	-	12.08	14.96	22.72	10.73
Pretax Income	-55.27	-62.1	8.83	-106.28	71.61	125.72
Income Tax Expense	12.16	11.12	-8.1	-19.97	-3.23	12.76
Earnings From Continuing Operations	-67.43	-73.22	16.94	-86.31	74.84	112.96
Net Income	-67.43	-73.22	16.94	-86.31	74.84	112.96
Net Income to Common	-67.43	-73.22	16.94	-86.31	74.84	112.96
Net Income Growth	-	-	-	-	-33.75%	-2.40%
Shares Outstanding (Basic)	156	149	132	129	120	97
Shares Outstanding (Diluted)	156	149	132	129	120	97
Shares Change (YoY)	7.79%	13.46%	2.44%	6.74%	24.66%	-
EPS (Basic)	-0.43	-0.49	0.13	-0.67	0.62	1.17
EPS (Diluted)	-0.43	-0.49	0.13	-0.67	0.62	1.17
EPS Growth	-	-	-	-	-46.86%	-2.40%
Free Cash Flow	198.69	271.41	510.55	-365.3	-834.9	-90.61
Free Cash Flow Per Share	1.28	1.82	3.88	-2.84	-6.93	-0.94
Dividend Per Share	-	-	0.286	-	0.286	0.286
Gross Margin	11.69%	10.91%	9.76%	4.62%	9.52%	14.78%
Operating Margin	0.92%	0.76%	1.44%	-3.15%	2.49%	7.58%
Profit Margin	-4.48%	-4.82%	0.82%	-2.93%	2.86%	6.67%
Free Cash Flow Margin	13.20%	17.87%	24.70%	-12.38%	-31.89%	-5.35%
EBITDA	103.8	98.73	106.3	-39.39	108.37	155.33
EBITDA Margin	6.89%	6.50%	5.14%	-1.33%	4.14%	9.17%
D&A For EBITDA	89.88	87.21	76.53	53.44	43.2	26.98
EBIT	13.91	11.52	29.77	-92.83	65.17	128.34
EBIT Margin	0.92%	0.76%	1.44%	-3.15%	2.49%	7.58%
Effective Tax Rate	-	-	-	-	-	10.15%
Revenue as Reported	-	-	2,067	2,951	2,618	1,693
Advertising Expenses	-	-	7.14	8.2	4.43	4.72

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