SHA:603200 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	510.25	501.33	481.72	541.18	604.9	558.29
Other Revenue	1.52	1.52	28.3	0.25	0.08	1.64
Revenue	511.76	502.85	510.02	541.44	604.98	559.94
Revenue Growth (YoY)	4.90%	-1.41%	-5.80%	-10.50%	8.04%	5.63%
Cost of Revenue	355.2	346.89	329.72	356.57	432.57	399.52
Gross Profit	156.56	155.96	180.3	184.87	172.41	160.42
Selling, General & Admin	94.64	94.31	92.47	86.31	86.89	81.12
Research & Development	32.16	34.31	45.25	38.27	37.35	35.87
Other Operating Expenses	-0.58	-1.12	-0.47	-3.03	-3.78	-2.91
Operating Expenses	146.79	142.52	144.04	148.1	131.35	127.17
Operating Income	9.77	13.44	36.26	36.77	41.06	33.25
Interest Expense	-12.04	-11.62	-10.57	-8.14	-6.33	-6.92
Interest & Investment Income	129.16	129.12	12.45	10.53	11.68	10.56
Currency Exchange Gain (Loss)	-0.29	-0.29	0.18	0.84	4	-0.85
Other Non Operating Income (Expenses)	-0.28	-0.68	0.82	2.02	-1.02	3.67
EBT Excluding Unusual Items	125.01	129.97	39.14	42.01	49.38	39.7
Impairment of Goodwill	-	-	-	-	-8.48	-
Gain (Loss) on Sale of Investments	1.24	1.24	0.02	0.73	-0.43	-
Gain (Loss) on Sale of Assets	-45.09	-44.81	0.11	-0.18	0.02	0.74
Legal Settlements	-7.75	-7.75	-	-	-	-
Other Unusual Items	6.73	6.73	1.96	1.51	2.53	-0.13
Pretax Income	74.02	85.39	41.22	44.07	43.04	40.32
Income Tax Expense	6.54	7.99	4.43	4.23	3.9	1.24
Earnings From Continuing Operations	67.48	77.4	36.8	39.84	39.14	39.08
Minority Interest in Earnings	14.52	12.56	6.16	-0.87	3.13	1.95
Net Income	81.99	89.96	42.95	38.97	42.27	41.03
Net Income to Common	81.99	89.96	42.95	38.97	42.27	41.03
Net Income Growth	151.81%	109.44%	10.21%	-7.80%	3.02%	17.58%
Shares Outstanding (Basic)	175	175	175	174	176	171
Shares Outstanding (Diluted)	175	175	175	174	176	171
Shares Change (YoY)	0.09%	0.17%	0.55%	-1.08%	3.02%	-0.59%
EPS (Basic)	0.47	0.51	0.25	0.22	0.24	0.24
EPS (Diluted)	0.47	0.51	0.25	0.22	0.24	0.24
EPS Growth	151.57%	109.10%	9.61%	-6.79%	-	18.29%
Free Cash Flow	-130.59	-106.08	-74.17	-2.92	71.73	12.42
Free Cash Flow Per Share	-0.74	-0.60	-0.42	-0.02	0.41	0.07
Dividend Per Share	0.030	0.030	0.090	0.070	0.075	0.072
Dividend Growth	-66.67%	-66.67%	28.57%	-6.30%	3.05%	13.64%
Gross Margin	30.59%	31.01%	35.35%	34.14%	28.50%	28.65%
Operating Margin	1.91%	2.67%	7.11%	6.79%	6.79%	5.94%
Profit Margin	16.02%	17.89%	8.42%	7.20%	6.99%	7.33%
Free Cash Flow Margin	-25.52%	-21.09%	-14.54%	-0.54%	11.86%	2.22%
EBITDA	31.56	35.57	59.73	53.7	55.56	43.86
EBITDA Margin	6.17%	7.07%	11.71%	9.92%	9.18%	7.83%
D&A For EBITDA	21.79	22.13	23.48	16.93	14.51	10.61
EBIT	9.77	13.44	36.26	36.77	41.06	33.25
EBIT Margin	1.91%	2.67%	7.11%	6.79%	6.79%	5.94%
Effective Tax Rate	8.83%	9.35%	10.74%	9.59%	9.06%	3.07%
Revenue as Reported	511.76	502.85	510.02	541.44	604.98	559.94
Advertising Expenses	-	0	0.32	0.11	0.3	0.06

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