SHA:603187 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	3,151	3,223	2,729	3,109	2,825	2,592
Other Revenue	128.2	128.2	101.62	96.06	79.32	70.09
Revenue	3,279	3,351	2,831	3,205	2,905	2,662
Revenue Growth (YoY)	13.52%	18.38%	-11.67%	10.34%	9.12%	40.80%
Cost of Revenue	2,342	2,431	2,048	2,288	2,220	2,112
Gross Profit	936.66	919.83	783.05	916.47	684.32	550.04
Selling, General & Admin	351.48	344.62	309.72	318.68	240.99	200.07
Research & Development	110.27	109.38	98.94	108.58	106.52	85.65
Other Operating Expenses	8.3	10.48	2.67	21.63	26.35	21.13
Operating Expenses	479.87	474.3	427.26	490.61	403.04	297.61
Operating Income	456.8	445.53	355.79	425.86	281.28	252.44
Interest Expense	-0.19	-0.19	-0.01	-	-	-4.26
Interest & Investment Income	31.01	32.6	45.78	43.53	31.09	31.61
Currency Exchange Gain (Loss)	-31.46	-31.46	8.32	9.7	23.91	-4.24
Other Non Operating Income (Expenses)	-14.02	-0.7	-5.99	-2.22	0.27	-6.17
EBT Excluding Unusual Items	442.14	445.78	403.89	476.87	336.55	269.38
Gain (Loss) on Sale of Investments	6.15	6.15	3.7	4.9	-	1.7
Gain (Loss) on Sale of Assets	0.02	0.02	-0.9	-0.04	0.16	-0.03
Other Unusual Items	8.07	8.07	15.78	3.17	4.12	3.64
Pretax Income	456.39	460.02	422.47	484.9	340.84	274.69
Income Tax Expense	70.4	72.93	68.93	71.76	36.71	31.36
Earnings From Continuing Operations	385.99	387.1	353.54	413.14	304.13	243.33
Minority Interest in Earnings	2.98	1.47	0.13	-0.06	-11.92	-18.18
Net Income	388.97	388.57	353.66	413.09	292.21	225.15
Net Income to Common	388.97	388.57	353.66	413.09	292.21	225.15
Net Income Growth	13.36%	9.87%	-14.38%	41.37%	29.78%	-16.02%
Shares Outstanding (Basic)	381	381	384	382	356	328
Shares Outstanding (Diluted)	381	381	384	382	356	332
Shares Change (YoY)	-1.03%	-0.90%	0.51%	7.33%	7.40%	2.55%
EPS (Basic)	1.02	1.02	0.92	1.08	0.82	0.69
EPS (Diluted)	1.02	1.02	0.92	1.08	0.82	0.68
EPS Growth	14.54%	10.87%	-14.82%	31.71%	20.84%	-18.10%
Free Cash Flow	283.33	371.18	127.43	438.12	-207.38	-259.91
Free Cash Flow Per Share	0.74	0.97	0.33	1.15	-0.58	-0.78
Dividend Per Share	0.550	0.550	0.500	0.550	0.250	0.214
Dividend Growth	10.00%	10.00%	-9.09%	120.00%	16.66%	-29.99%
Gross Margin	28.57%	27.45%	27.66%	28.60%	23.56%	20.66%
Operating Margin	13.93%	13.30%	12.57%	13.29%	9.68%	9.48%
Profit Margin	11.86%	11.59%	12.49%	12.89%	10.06%	8.46%
Free Cash Flow Margin	8.64%	11.08%	4.50%	13.67%	-7.14%	-9.77%
EBITDA	559.01	548.84	463.49	518.93	353.28	314.1
EBITDA Margin	17.05%	16.38%	16.37%	16.19%	12.16%	11.80%
D&A For EBITDA	102.22	103.31	107.71	93.06	72	61.67
EBIT	456.8	445.53	355.79	425.86	281.28	252.44
EBIT Margin	13.93%	13.30%	12.57%	13.29%	9.68%	9.48%
Effective Tax Rate	15.43%	15.85%	16.32%	14.80%	10.77%	11.42%
Revenue as Reported	3,351	3,351	2,831	3,205	2,905	2,662
Advertising Expenses	-	3.87	6.26	5.68	3.38	0.88

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