SHA:603230 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,461	1,762	1,793	1,617	1,545
Other Revenue	53.03	48.97	47.06	41.04	46.63
Revenue	1,514	1,811	1,840	1,658	1,592
Revenue Growth (YoY)	-16.39%	-1.57%	10.93%	4.19%	25.33%
Cost of Revenue	932.44	1,072	1,106	1,006	977
Gross Profit	581.66	738.54	734.16	652.09	614.77
Selling, General & Admin	443.4	460.07	484.01	450.39	428.83
Other Operating Expenses	17.31	15.83	8.09	4.9	7.03
Operating Expenses	466.44	479.08	493.65	468.45	437.59
Operating Income	115.22	259.46	240.51	183.64	177.19
Interest Expense	-0.01	-0.02	-0.03	-0.03	-0.03
Interest & Investment Income	29.33	36.78	33.87	33.51	22.16
Currency Exchange Gain (Loss)	-	-0	-	-	-
Other Non Operating Income (Expenses)	-7.84	-7.91	-1.89	-1.33	-0.81
EBT Excluding Unusual Items	136.7	288.31	272.46	215.79	198.51
Gain (Loss) on Sale of Investments	10.26	24.18	8.88	8.85	-
Gain (Loss) on Sale of Assets	0.05	0.68	3.49	-0.01	-
Asset Writedown	-0.27	-0.12	0	-0.77	-0.16
Other Unusual Items	28.89	26.59	30.85	44.2	30.65
Pretax Income	175.63	339.64	315.68	268.05	229
Income Tax Expense	0.43	0.85	0.35	0.02	0.02
Earnings From Continuing Operations	175.2	338.79	315.34	268.03	228.98
Minority Interest in Earnings	-0.4	-0.71	-0.52	-0.21	-0.47
Net Income	174.8	338.08	314.82	267.82	228.51
Net Income to Common	174.8	338.08	314.82	267.82	228.51
Net Income Growth	-48.30%	7.39%	17.55%	17.20%	13.81%
Shares Outstanding (Basic)	357	352	354	352	266
Shares Outstanding (Diluted)	357	352	354	352	266
Shares Change (YoY)	1.29%	-0.44%	0.38%	32.63%	0.58%
EPS (Basic)	0.49	0.96	0.89	0.76	0.86
EPS (Diluted)	0.49	0.96	0.89	0.76	0.86
EPS Growth	-48.96%	7.87%	17.11%	-11.63%	13.16%
Free Cash Flow	198.5	-158.5	455.77	201.38	284.92
Free Cash Flow Per Share	0.56	-0.45	1.29	0.57	1.07
Dividend Per Share	0.150	0.480	0.450	0.150	0.065
Dividend Growth	-68.75%	6.67%	200.00%	130.77%	-
Gross Margin	38.42%	40.78%	39.91%	39.32%	38.62%
Operating Margin	7.61%	14.33%	13.07%	11.07%	11.13%
Profit Margin	11.54%	18.67%	17.11%	16.15%	14.36%
Free Cash Flow Margin	13.11%	-8.75%	24.77%	12.14%	17.90%
EBITDA	191.39	326.26	297.93	239.04	223.13
EBITDA Margin	12.64%	18.02%	16.19%	14.41%	14.02%
D&A For EBITDA	76.17	66.8	57.42	55.4	45.94
EBIT	115.22	259.46	240.51	183.64	177.19
EBIT Margin	7.61%	14.33%	13.07%	11.07%	11.13%
Effective Tax Rate	0.24%	0.25%	0.11%	0.01%	0.01%
Revenue as Reported	1,514	1,811	1,840	1,658	1,592
Advertising Expenses	2.77	3.74	5.05	7.26	4.78

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.