SHA:603103 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,226	1,918	2,280	1,389	2,220
Other Revenue	71.86	53.44	68.7	37.75	63.02
Revenue	2,298	1,971	2,349	1,427	2,283
Revenue Growth (YoY)	16.55%	-16.07%	64.62%	-37.52%	130.72%
Cost of Revenue	1,957	1,908	2,020	1,592	1,996
Gross Profit	340.94	63.15	328.83	-164.91	287.72
Selling, General & Admin	90.78	92.37	92.27	76.83	104.54
Other Operating Expenses	96.39	78.97	48.42	54.26	80.64
Operating Expenses	186.12	168	146.69	126.81	192.15
Operating Income	154.82	-104.85	182.14	-291.72	95.57
Interest Expense	-78.6	-95.78	-104.88	-126.01	-145.87
Interest & Investment Income	18.42	37.66	23.46	22.6	34.58
Other Non Operating Income (Expenses)	-6.98	-2.95	2.59	-20.7	-13.61
EBT Excluding Unusual Items	87.66	-165.92	103.31	-415.84	-29.33
Gain (Loss) on Sale of Assets	19.31	-1.1	1.88	34.31	2.95
Asset Writedown	-0.32	-0.71	-5.44	-7.95	-0.31
Other Unusual Items	52.36	82.52	77.08	72.28	56.25
Pretax Income	159.01	-85.21	176.83	-317.2	29.55
Income Tax Expense	-0.2	11.17	10.98	0.23	15.89
Earnings From Continuing Operations	159.21	-96.38	165.85	-317.43	13.67
Net Income	159.21	-96.38	165.85	-317.43	13.67
Net Income to Common	159.21	-96.38	165.85	-317.43	13.67
Shares Outstanding (Basic)	637	643	638	635	683
Shares Outstanding (Diluted)	637	643	638	635	683
Shares Change (YoY)	-0.88%	0.72%	0.48%	-7.10%	7.75%
EPS (Basic)	0.25	-0.15	0.26	-0.50	0.02
EPS (Diluted)	0.25	-0.15	0.26	-0.50	0.02
Free Cash Flow	695.84	245.45	543.26	110.48	295.82
Free Cash Flow Per Share	1.09	0.38	0.85	0.17	0.43
Dividend Per Share	0.140	0.120	-	-	-
Dividend Growth	16.67%	-	-	-	-
Gross Margin	14.84%	3.20%	14.00%	-11.56%	12.60%
Operating Margin	6.74%	-5.32%	7.75%	-20.45%	4.18%
Profit Margin	6.93%	-4.89%	7.06%	-22.25%	0.60%
Free Cash Flow Margin	30.29%	12.45%	23.13%	7.74%	12.96%
EBITDA	293.93	52.62	349.45	-114.69	274.43
EBITDA Margin	12.79%	2.67%	14.88%	-8.04%	12.02%
D&A For EBITDA	139.11	157.47	167.31	177.03	178.86
EBIT	154.82	-104.85	182.14	-291.72	95.57
EBIT Margin	6.74%	-5.32%	7.75%	-20.45%	4.18%
Effective Tax Rate	-	-	6.21%	-	53.75%
Revenue as Reported	2,298	1,971	2,349	1,427	2,283
Advertising Expenses	9.1	7.08	9.25	5.34	7.51

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.