SHA:603192 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	2,346	2,553	2,524	2,835	3,043	1,425
Other Revenue	117.95	117.95	188.38	181.95	148.28	72.6
Revenue	2,464	2,671	2,712	3,017	3,191	1,498
Revenue Growth (YoY)	-11.42%	-1.51%	-10.12%	-5.46%	113.08%	4.01%
Cost of Revenue	2,094	2,324	2,437	2,735	2,852	1,219
Gross Profit	370.18	347.33	274.64	282.53	339.54	279.19
Selling, General & Admin	149.44	145.09	132.16	112.54	95.39	78.71
Research & Development	73.99	71.35	80.6	97.79	113.13	68.78
Other Operating Expenses	4.95	-6.36	-3.85	7.98	7.19	3.07
Operating Expenses	220.86	214.13	218.72	235.86	224.9	149.25
Operating Income	149.33	133.2	55.92	46.67	114.64	129.94
Interest Expense	-2.14	-2.21	-5.06	-6.31	-2.43	-1.8
Interest & Investment Income	4.09	5.08	6.11	7.32	6.78	9.86
Currency Exchange Gain (Loss)	0.14	0.14	0.74	4.04	-0.51	-0.27
Other Non Operating Income (Expenses)	-2.56	-1.21	-1.18	-1.6	-1.35	-0.62
EBT Excluding Unusual Items	148.8	135	56.54	50.12	117.13	137.11
Gain (Loss) on Sale of Investments	-0.04	-0.04	-0.05	0.01	-	-0.76
Gain (Loss) on Sale of Assets	-0.06	0.03	0.07	0.1	0.01	0
Asset Writedown	-9.82	-2.38	-1.32	-	-	-
Other Unusual Items	4.35	4.97	2.83	5.28	5.69	2.95
Pretax Income	143.23	137.57	58.07	55.51	122.84	139.3
Income Tax Expense	18.55	13.02	-5.81	-6.4	5.01	15.08
Earnings From Continuing Operations	124.69	124.56	63.88	61.92	117.83	124.22
Net Income	124.69	124.56	63.88	61.92	117.83	124.22
Net Income to Common	124.69	124.56	63.88	61.92	117.83	124.22
Net Income Growth	42.68%	95.00%	3.16%	-47.45%	-5.15%	-6.00%
Shares Outstanding (Basic)	139	138	139	123	139	139
Shares Outstanding (Diluted)	139	138	139	123	139	139
Shares Change (YoY)	-0.23%	-0.33%	13.20%	-11.90%	0.02%	0.47%
EPS (Basic)	0.90	0.90	0.46	0.50	0.85	0.89
EPS (Diluted)	0.90	0.90	0.46	0.50	0.85	0.89
EPS Growth	43.01%	95.65%	-8.00%	-40.91%	-5.17%	-6.45%
Free Cash Flow	201.68	-21.6	192.79	-40.57	128.97	4.26
Free Cash Flow Per Share	1.46	-0.16	1.39	-0.33	0.93	0.03
Dividend Per Share	0.375	0.375	0.180	0.150	0.258	0.277
Dividend Growth	108.33%	108.33%	20.00%	-41.79%	-6.93%	-3.25%
Gross Margin	15.02%	13.00%	10.13%	9.36%	10.64%	18.64%
Operating Margin	6.06%	4.99%	2.06%	1.55%	3.59%	8.68%
Profit Margin	5.06%	4.66%	2.35%	2.05%	3.69%	8.29%
Free Cash Flow Margin	8.19%	-0.81%	7.11%	-1.34%	4.04%	0.28%
EBITDA	212.75	199.36	125.72	111.01	177.65	168.35
EBITDA Margin	8.63%	7.46%	4.64%	3.68%	5.57%	11.24%
D&A For EBITDA	63.42	66.15	69.8	64.34	63.01	38.41
EBIT	149.33	133.2	55.92	46.67	114.64	129.94
EBIT Margin	6.06%	4.99%	2.06%	1.55%	3.59%	8.68%
Effective Tax Rate	12.95%	9.46%	-	-	4.08%	10.83%
Revenue as Reported	2,464	2,671	2,712	3,017	3,191	1,498
Advertising Expenses	-	1.36	1.74	0.19	0.75	1.66

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