SHA:603125 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	1,177	1,034	1,078	1,018	962.63	757.37
Other Revenue	1.8	1.8	2.39	1.2	0.98	0.98
Revenue	1,179	1,036	1,080	1,019	963.61	758.35
Revenue Growth (YoY)	8.82%	-4.05%	5.98%	5.75%	27.07%	34.74%
Cost of Revenue	840.11	758.14	762.83	697.38	668.82	531.09
Gross Profit	338.77	278.04	317.1	321.64	294.79	227.27
Selling, General & Admin	63.93	64.31	54.22	53.84	42.97	40.89
Research & Development	48.22	47.86	49.77	41.2	31.58	9.76
Other Operating Expenses	-5.98	-5.95	1.9	4.12	6.15	4.17
Operating Expenses	108.33	108.38	108.09	100.59	83.61	53.82
Operating Income	230.44	169.67	209.01	221.04	211.18	173.45
Interest Expense	-	-	-	-	-0.7	-0.83
Interest & Investment Income	15.63	16.86	26.94	18.34	0.71	0.28
Currency Exchange Gain (Loss)	-0.79	-0.79	2.58	2.85	9.93	-2.73
Other Non Operating Income (Expenses)	-6.89	-0.55	-0.51	-0.1	-0.36	-0.51
EBT Excluding Unusual Items	238.39	185.18	238.03	242.12	220.75	169.66
Gain (Loss) on Sale of Investments	-1.17	-1.56	-0.82	2.38	-	-
Gain (Loss) on Sale of Assets	-0.05	-0.05	-1.46	-0.13	-0.23	-0.07
Asset Writedown	0	-	-	-	-	-
Legal Settlements	-0	-0	-0	-0.03	-	-
Other Unusual Items	1.28	1.28	0.85	1.56	0.4	-1.11
Pretax Income	238.45	184.85	236.6	245.91	220.92	168.48
Income Tax Expense	34.4	26.72	32.36	33.33	30.27	24.84
Net Income	204.05	158.13	204.24	212.57	190.65	143.64
Net Income to Common	204.05	158.13	204.24	212.57	190.65	143.64
Net Income Growth	5.62%	-22.57%	-3.92%	11.50%	32.73%	11.83%
Shares Outstanding (Basic)	409	405	408	371	304	305
Shares Outstanding (Diluted)	409	405	408	371	304	305
Shares Change (YoY)	0.27%	-0.74%	9.99%	22.29%	-0.44%	10.69%
EPS (Basic)	0.50	0.39	0.50	0.57	0.63	0.47
EPS (Diluted)	0.50	0.39	0.50	0.57	0.63	0.47
EPS Growth	5.34%	-22.00%	-12.65%	-8.82%	33.32%	1.03%
Free Cash Flow	-119.06	-183.94	-113.36	98.09	103.75	44.22
Free Cash Flow Per Share	-0.29	-0.45	-0.28	0.26	0.34	0.14
Dividend Per Share	0.040	0.040	0.150	0.109	0.043	0.043
Dividend Growth	-73.33%	-73.33%	37.11%	155.61%	-	-
Gross Margin	28.74%	26.83%	29.36%	31.56%	30.59%	29.97%
Operating Margin	19.55%	16.37%	19.35%	21.69%	21.92%	22.87%
Profit Margin	17.31%	15.26%	18.91%	20.86%	19.79%	18.94%
Free Cash Flow Margin	-10.10%	-17.75%	-10.50%	9.63%	10.77%	5.83%
EBITDA	287.35	220.59	235.96	248.47	231.34	196.21
EBITDA Margin	24.38%	21.29%	21.85%	24.38%	24.01%	25.87%
D&A For EBITDA	56.91	50.92	26.95	27.43	20.16	22.76
EBIT	230.44	169.67	209.01	221.04	211.18	173.45
EBIT Margin	19.55%	16.37%	19.35%	21.69%	21.92%	22.87%
Effective Tax Rate	14.43%	14.45%	13.68%	13.56%	13.70%	14.74%
Revenue as Reported	1,036	1,036	1,080	1,019	963.61	-
Advertising Expenses	-	0.13	0.19	0.11	0.39	-

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.