SHA:603230 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	1,229	1,461	1,762	1,793	1,617	1,545
Other Revenue	53.03	53.03	48.97	47.06	41.04	46.63
Revenue	1,282	1,514	1,811	1,840	1,658	1,592
Revenue Growth (YoY)	-30.39%	-16.39%	-1.57%	10.93%	4.19%	25.33%
Cost of Revenue	804.97	932.44	1,072	1,106	1,006	977
Gross Profit	476.91	581.66	738.54	734.16	652.09	614.77
Selling, General & Admin	420.71	443.4	460.07	484.01	450.39	428.83
Other Operating Expenses	20.2	17.31	15.83	8.09	4.9	7.03
Operating Expenses	446.64	466.44	479.08	493.65	468.45	437.59
Operating Income	30.27	115.22	259.46	240.51	183.64	177.19
Interest Expense	-0.01	-0.01	-0.02	-0.03	-0.03	-0.03
Interest & Investment Income	10.72	29.33	36.78	33.87	33.51	22.16
Currency Exchange Gain (Loss)	-	-	-0	-	-	-
Other Non Operating Income (Expenses)	-9.19	-7.84	-7.91	-1.89	-1.33	-0.81
EBT Excluding Unusual Items	31.78	136.7	288.31	272.46	215.79	198.51
Gain (Loss) on Sale of Investments	22.37	10.26	24.18	8.88	8.85	-
Gain (Loss) on Sale of Assets	0.05	0.05	0.68	3.49	-0.01	-
Asset Writedown	-0.27	-0.27	-0.12	0	-0.77	-0.16
Other Unusual Items	28.89	28.89	26.59	30.85	44.2	30.65
Pretax Income	82.81	175.63	339.64	315.68	268.05	229
Income Tax Expense	0.28	0.43	0.85	0.35	0.02	0.02
Earnings From Continuing Operations	82.54	175.2	338.79	315.34	268.03	228.98
Minority Interest in Earnings	-0.1	-0.4	-0.71	-0.52	-0.21	-0.47
Net Income	82.44	174.8	338.08	314.82	267.82	228.51
Net Income to Common	82.44	174.8	338.08	314.82	267.82	228.51
Net Income Growth	-77.39%	-48.30%	7.39%	17.55%	17.20%	13.81%
Shares Outstanding (Basic)	355	357	352	354	352	266
Shares Outstanding (Diluted)	355	357	352	354	352	266
Shares Change (YoY)	1.20%	1.29%	-0.44%	0.38%	32.63%	0.58%
EPS (Basic)	0.23	0.49	0.96	0.89	0.76	0.86
EPS (Diluted)	0.23	0.49	0.96	0.89	0.76	0.86
EPS Growth	-77.66%	-48.96%	7.87%	17.11%	-11.63%	13.16%
Free Cash Flow	187.75	198.5	-158.5	455.77	201.38	284.92
Free Cash Flow Per Share	0.53	0.56	-0.45	1.29	0.57	1.07
Dividend Per Share	0.150	0.150	0.480	0.450	0.150	0.065
Dividend Growth	-68.75%	-68.75%	6.67%	200.00%	130.77%	-
Gross Margin	37.20%	38.42%	40.78%	39.91%	39.32%	38.62%
Operating Margin	2.36%	7.61%	14.33%	13.07%	11.07%	11.13%
Profit Margin	6.43%	11.54%	18.67%	17.11%	16.15%	14.36%
Free Cash Flow Margin	14.65%	13.11%	-8.75%	24.77%	12.14%	17.90%
EBITDA	108.78	191.39	326.26	297.93	239.04	223.13
EBITDA Margin	8.49%	12.64%	18.02%	16.19%	14.41%	14.02%
D&A For EBITDA	78.51	76.17	66.8	57.42	55.4	45.94
EBIT	30.27	115.22	259.46	240.51	183.64	177.19
EBIT Margin	2.36%	7.61%	14.33%	13.07%	11.07%	11.13%
Effective Tax Rate	0.33%	0.24%	0.25%	0.11%	0.01%	0.01%
Revenue as Reported	1,514	1,514	1,811	1,840	1,658	1,592
Advertising Expenses	-	2.77	3.74	5.05	7.26	4.78

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