SHA:603127 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,668	2,018	2,376	2,268	1,517	1,076
Revenue	1,668	2,018	2,376	2,268	1,517	1,076
Revenue Growth (YoY)	-21.48%	-15.07%	4.78%	49.54%	40.97%	68.27%
Cost of Revenue	1,302	1,498	1,395	1,187	778.89	524.6
Gross Profit	366.19	520.82	981.55	1,081	737.79	551.3
Selling, General & Admin	296.54	317.06	304.87	317.88	272.13	221.54
Research & Development	85.7	92.92	96.85	77.99	47.76	50.66
Other Operating Expenses	26.23	8.22	-3.32	-22.84	1.26	0.66
Operating Expenses	413.63	437.12	408.4	373.02	321.97	270.11
Operating Income	-47.44	83.69	573.16	708.41	415.82	281.2
Interest Expense	-1.7	-2.45	-3.14	-3.58	-3.96	-0.84
Interest & Investment Income	104.68	139.24	152.13	131.23	100.72	3.6
Earnings From Equity Investments	-	-	-	-2.69	-	-
Currency Exchange Gain (Loss)	-0.68	-0.68	12.11	27.4	-60.33	-3.38
Other Non Operating Income (Expenses)	-13.39	-14.13	-0.71	-	-0.76	-0.37
EBT Excluding Unusual Items	41.47	205.68	733.54	860.77	451.5	280.22
Gain (Loss) on Sale of Investments	232.55	-127.05	-245.64	32.21	157.78	58.95
Gain (Loss) on Sale of Assets	0.25	-0.21	-0.25	-0.41	-0.41	-0.31
Asset Writedown	-50.82	-	-	333.07	-	-
Other Unusual Items	50.1	25.62	19.3	14.37	33.14	21.72
Pretax Income	273.56	104.04	506.95	1,240	642	360.57
Income Tax Expense	48.85	34.28	115.4	166.8	85.59	46.94
Earnings From Continuing Operations	224.71	69.76	391.55	1,073	556.42	313.63
Minority Interest in Earnings	0.38	4.32	5.44	1.06	1.04	1.39
Net Income	225.09	74.08	396.99	1,074	557.46	315.01
Net Income to Common	225.09	74.08	396.99	1,074	557.46	315.01
Net Income Growth	-	-81.34%	-63.04%	92.71%	76.96%	68.67%
Shares Outstanding (Basic)	705	741	749	747	723	617
Shares Outstanding (Diluted)	705	741	749	751	729	624
Shares Change (YoY)	-9.20%	-1.11%	-0.33%	3.03%	16.95%	1.01%
EPS (Basic)	0.32	0.10	0.53	1.44	0.77	0.51
EPS (Diluted)	0.32	0.10	0.53	1.43	0.76	0.51
EPS Growth	-	-81.13%	-62.94%	87.10%	51.32%	66.97%
Free Cash Flow	210.5	69.54	430.15	676.68	448.41	279.41
Free Cash Flow Per Share	0.30	0.09	0.57	0.90	0.61	0.45
Dividend Per Share	0.030	0.030	0.160	0.286	0.184	0.128
Dividend Growth	-81.25%	-81.25%	-44.00%	55.61%	43.89%	44.18%
Gross Margin	21.95%	25.80%	41.30%	47.68%	48.64%	51.24%
Operating Margin	-2.84%	4.15%	24.12%	31.24%	27.42%	26.14%
Profit Margin	13.49%	3.67%	16.71%	47.37%	36.75%	29.28%
Free Cash Flow Margin	12.62%	3.45%	18.10%	29.84%	29.57%	25.97%
EBITDA	42.86	179.58	676.51	802.6	490.27	341.85
EBITDA Margin	2.57%	8.90%	28.47%	35.39%	32.32%	31.77%
D&A For EBITDA	90.29	95.89	103.36	94.19	74.45	60.65
EBIT	-47.44	83.69	573.16	708.41	415.82	281.2
EBIT Margin	-2.84%	4.15%	24.12%	31.24%	27.42%	26.14%
Effective Tax Rate	17.86%	32.95%	22.76%	13.45%	13.33%	13.02%
Revenue as Reported	1,668	2,018	2,376	-	1,517	1,076
Advertising Expenses	-	5	4.51	-	1.42	1.24

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