SHA:603088 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	838.45	859.6	802.35	692.77	634.24	516.04
Other Revenue	21.28	21.28	15.19	15.82	16.2	17.78
Revenue	859.73	880.89	817.54	708.59	650.45	533.82
Revenue Growth (YoY)	4.83%	7.75%	15.38%	8.94%	21.85%	25.53%
Cost of Revenue	562.24	577.67	486.47	417.04	396.38	342.92
Gross Profit	297.49	303.22	331.06	291.54	254.07	190.9
Selling, General & Admin	145.9	130.08	108.05	97.14	90.91	67.45
Research & Development	43.21	43.46	35.5	33.91	26.37	19.78
Other Operating Expenses	5.61	3.17	2.59	0.05	-4.87	7.7
Operating Expenses	195.62	175.02	156.35	142.72	116.9	100.34
Operating Income	101.87	128.19	174.71	148.83	137.17	90.57
Interest Expense	-0.23	-0.12	-0.06	-0.68	-2.49	-1.57
Interest & Investment Income	12.79	11.26	13.18	17.23	4.91	2.52
Currency Exchange Gain (Loss)	0.82	0.82	0.27	10.33	15.68	-6.71
Other Non Operating Income (Expenses)	-7.44	-0.5	-1.12	-0.41	0.67	-0.46
EBT Excluding Unusual Items	107.81	139.64	186.98	175.29	155.95	84.36
Gain (Loss) on Sale of Investments	-0.3	0.31	0.28	0.64	3.62	-
Gain (Loss) on Sale of Assets	0.04	0.04	-0.01	0.02	-0.77	-1.5
Asset Writedown	0.28	-0.01	0.09	-0.02	-0.15	0
Legal Settlements	-2.28	-2.28	-	-0.34	-	2.35
Other Unusual Items	3.03	3.23	5.62	9.01	7.9	12.92
Pretax Income	108.58	140.94	192.96	184.6	166.54	98.14
Income Tax Expense	12.6	16.71	25.09	24.83	23.09	12.63
Earnings From Continuing Operations	95.98	124.23	167.87	159.77	143.45	85.51
Minority Interest in Earnings	-4.22	-4.12	-3.27	-0.53	-0.74	0.28
Net Income	91.76	120.12	164.6	159.24	142.72	85.79
Net Income to Common	91.76	120.12	164.6	159.24	142.72	85.79
Net Income Growth	-37.85%	-27.03%	3.37%	11.58%	66.35%	27.38%
Shares Outstanding (Basic)	-	480	433	442	432	429
Shares Outstanding (Diluted)	-	480	433	442	432	429
Shares Change (YoY)	-	10.92%	-2.07%	2.28%	0.82%	0.05%
EPS (Basic)	-	0.25	0.38	0.36	0.33	0.20
EPS (Diluted)	-	0.25	0.38	0.36	0.33	0.20
EPS Growth	-	-34.21%	5.56%	9.09%	65.00%	27.31%
Free Cash Flow	206.55	188.58	94.97	159.73	109.34	145.45
Free Cash Flow Per Share	-	0.39	0.22	0.36	0.25	0.34
Dividend Per Share	0.170	0.170	0.290	0.290	0.220	0.129
Dividend Growth	-41.38%	-41.38%	-	31.82%	71.07%	-43.99%
Gross Margin	34.60%	34.42%	40.49%	41.14%	39.06%	35.76%
Operating Margin	11.85%	14.55%	21.37%	21.00%	21.09%	16.97%
Profit Margin	10.67%	13.64%	20.13%	22.47%	21.94%	16.07%
Free Cash Flow Margin	24.02%	21.41%	11.62%	22.54%	16.81%	27.25%
EBITDA	139.04	162.09	195.52	170.88	159.29	112.55
EBITDA Margin	16.17%	18.40%	23.92%	24.12%	24.49%	21.08%
D&A For EBITDA	37.17	33.9	20.81	22.06	22.11	21.98
EBIT	101.87	128.19	174.71	148.83	137.17	90.57
EBIT Margin	11.85%	14.55%	21.37%	21.00%	21.09%	16.97%
Effective Tax Rate	11.60%	11.86%	13.00%	13.45%	13.87%	12.86%
Revenue as Reported	859.73	880.89	817.54	708.59	650.45	533.82
Advertising Expenses	-	0.29	0.03	-	-	-