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	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	905.54	859.6	802.35	692.77	634.24	516.04
Other Revenue	24	21.28	15.19	15.82	16.2	17.78
Revenue	929.54	880.89	817.54	708.59	650.45	533.82
Revenue Growth	13.10%	7.75%	15.38%	8.94%	21.85%	25.53%
Cost of Revenue	595.05	577.67	486.47	417.04	396.38	342.92
Gross Profit	334.49	303.22	331.06	291.54	254.07	190.9
Selling, General & Admin	155.43	130.08	108.05	97.14	90.91	67.45
Research & Development	45.68	43.46	35.5	33.91	26.37	19.78
Other Operating Expenses	6.92	3.17	2.59	0.05	-4.87	7.7
Operating Expenses	206.97	175.02	156.35	142.72	116.9	100.34
Operating Income	127.52	128.19	174.71	148.83	137.17	90.57
Interest Expense	-0.09	-0.12	-0.06	-0.68	-2.49	-1.57
Interest & Investment Income	12.84	11.26	13.18	17.23	4.91	2.52
Currency Exchange Gain (Loss)	-13.06	0.82	0.27	10.33	15.68	-6.71
Other Non Operating Income (Expenses)	-0.6	-0.5	-1.12	-0.41	0.67	-0.46
EBT Excluding Unusual Items	126.61	139.64	186.98	175.29	155.95	84.36
Gain (Loss) on Sale of Investments	-0.53	0.31	0.28	0.64	3.62	-
Gain (Loss) on Sale of Assets	0.2	0.04	-0.01	0.02	-0.77	-1.5
Asset Writedown	-0.01	-0.01	0.09	-0.02	-0.15	0
Legal Settlements	-2.28	-2.28	-	-0.34	-	2.35
Other Unusual Items	1.99	3.23	5.62	9.01	7.9	12.92
Pretax Income	126	140.94	192.96	184.6	166.54	98.14
Income Tax Expense	16.58	16.71	25.09	24.83	23.09	12.63
Earnings From Continuing Operations	109.41	124.23	167.87	159.77	143.45	85.51
Minority Interest in Earnings	-4.39	-4.12	-3.27	-0.53	-0.74	0.28
Net Income	105.03	120.12	164.6	159.24	142.72	85.79
Net Income to Common	105.03	120.12	164.6	159.24	142.72	85.79
Net Income Growth	-26.05%	-27.03%	3.37%	11.58%	66.35%	27.38%
Shares Outstanding (Basic)	498	480	433	442	432	429
Shares Outstanding (Diluted)	498	480	433	442	432	429
Shares Change	11.55%	10.92%	-2.07%	2.28%	0.82%	0.05%
EPS (Basic)	0.21	0.25	0.38	0.36	0.33	0.20
EPS (Diluted)	0.21	0.25	0.38	0.36	0.33	0.20
EPS Growth	-33.70%	-34.21%	5.56%	9.09%	65.00%	27.31%

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	205.92	188.58	94.97	159.73	109.34	145.45
Free Cash Flow Per Share	0.41	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%	0%	31.82%	71.07%	-43.99%
Gross Margin	35.98%	34.42%	40.49%	41.14%	39.06%	35.76%
Operating Margin	13.72%	14.55%	21.37%	21.00%	21.09%	16.97%
Profit Margin	11.30%	13.64%	20.13%	22.47%	21.94%	16.07%
Free Cash Flow Margin	22.15%	21.41%	11.62%	22.54%	16.81%	27.25%
EBITDA	167.54	162.09	195.52	170.88	159.29	112.55
EBITDA Margin	18.02%	18.40%	23.92%	24.12%	24.49%	21.08%
D&A For EBITDA	40.02	33.9	20.81	22.06	22.11	21.98
EBIT	127.52	128.19	174.71	148.83	137.17	90.57
EBIT Margin	13.72%	14.55%	21.37%	21.00%	21.09%	16.97%
Effective Tax Rate	13.16%	11.86%	13.00%	13.45%	13.87%	12.86%
Revenue as Reported	929.54	880.89	817.54	708.59	650.45	533.82
Advertising Expenses	-	0.29	0.03	-	-	-