SHA:603103 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	1,635	2,226	1,918	2,280	1,389	2,220
Other Revenue	71.86	71.86	53.44	68.7	37.75	63.02
Revenue	1,707	2,298	1,971	2,349	1,427	2,283
Revenue Growth (YoY)	-25.81%	16.55%	-16.07%	64.62%	-37.52%	130.72%
Cost of Revenue	1,704	1,957	1,908	2,020	1,592	1,996
Gross Profit	2.81	340.94	63.15	328.83	-164.91	287.72
Selling, General & Admin	88.12	90.78	92.37	92.27	76.83	104.54
Other Operating Expenses	72.15	96.39	78.97	48.42	54.26	80.64
Operating Expenses	159.22	186.12	168	146.69	126.81	192.15
Operating Income	-156.4	154.82	-104.85	182.14	-291.72	95.57
Interest Expense	-78.6	-78.6	-95.78	-104.88	-126.01	-145.87
Interest & Investment Income	18.84	18.42	37.66	23.46	22.6	34.58
Other Non Operating Income (Expenses)	4.11	-6.98	-2.95	2.59	-20.7	-13.61
EBT Excluding Unusual Items	-212.05	87.66	-165.92	103.31	-415.84	-29.33
Gain (Loss) on Sale of Assets	14.58	19.31	-1.1	1.88	34.31	2.95
Asset Writedown	-0.32	-0.32	-0.71	-5.44	-7.95	-0.31
Other Unusual Items	52.36	52.36	82.52	77.08	72.28	56.25
Pretax Income	-145.43	159.01	-85.21	176.83	-317.2	29.55
Income Tax Expense	-1.94	-0.2	11.17	10.98	0.23	15.89
Earnings From Continuing Operations	-143.49	159.21	-96.38	165.85	-317.43	13.67
Net Income	-143.49	159.21	-96.38	165.85	-317.43	13.67
Net Income to Common	-143.49	159.21	-96.38	165.85	-317.43	13.67
Shares Outstanding (Basic)	645	637	643	638	635	683
Shares Outstanding (Diluted)	645	637	643	638	635	683
Shares Change (YoY)	0.76%	-0.88%	0.72%	0.48%	-7.10%	7.75%
EPS (Basic)	-0.22	0.25	-0.15	0.26	-0.50	0.02
EPS (Diluted)	-0.22	0.25	-0.15	0.26	-0.50	0.02
Free Cash Flow	384.66	695.84	245.45	543.26	110.48	295.82
Free Cash Flow Per Share	0.60	1.09	0.38	0.85	0.17	0.43
Dividend Per Share	0.140	0.140	0.120	-	-	-
Dividend Growth	16.67%	16.67%	-	-	-	-
Gross Margin	0.17%	14.84%	3.20%	14.00%	-11.56%	12.60%
Operating Margin	-9.16%	6.74%	-5.32%	7.75%	-20.45%	4.18%
Profit Margin	-8.40%	6.93%	-4.89%	7.06%	-22.25%	0.60%
Free Cash Flow Margin	22.53%	30.29%	12.45%	23.13%	7.74%	12.96%
EBITDA	-21.89	293.93	52.62	349.45	-114.69	274.43
EBITDA Margin	-1.28%	12.79%	2.67%	14.88%	-8.04%	12.02%
D&A For EBITDA	134.52	139.11	157.47	167.31	177.03	178.86
EBIT	-156.4	154.82	-104.85	182.14	-291.72	95.57
EBIT Margin	-9.16%	6.74%	-5.32%	7.75%	-20.45%	4.18%
Effective Tax Rate	-	-	-	6.21%	-	53.75%
Revenue as Reported	2,298	2,298	1,971	2,349	1,427	2,283
Advertising Expenses	-	9.1	7.08	9.25	5.34	7.51

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