SHA:603237 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	2,123	2,186	2,569	2,395	2,748	2,323
Other Revenue	65.77	65.77	65.81	67.42	144.28	97.83
Revenue	2,189	2,251	2,635	2,462	2,892	2,421
Revenue Growth (YoY)	-3.50%	-14.57%	7.03%	-14.87%	19.48%	-3.44%
Cost of Revenue	1,395	1,376	1,679	1,543	1,783	1,346
Gross Profit	793.91	875.5	956.03	919.03	1,109	1,074
Selling, General & Admin	622.43	667.19	750.11	708.59	828.59	860.3
Research & Development	23.69	26.47	19.53	15.05	13.3	10.09
Other Operating Expenses	15.86	18.2	11.21	8.58	12.17	15.2
Operating Expenses	665.9	700.61	781.69	743.28	854.5	883.45
Operating Income	128.01	174.89	174.33	175.75	254.44	190.9
Interest Expense	-4.67	-6.48	-5.97	-15.83	-9.29	-4.87
Interest & Investment Income	5.37	7.92	12.71	5.65	7.04	8.32
Currency Exchange Gain (Loss)	0.02	0.02	0.07	0.22	-0.34	-0.47
Other Non Operating Income (Expenses)	1.21	0.18	-3.04	-1.57	-0.08	-4.66
EBT Excluding Unusual Items	129.94	176.53	178.1	164.23	251.76	189.22
Gain (Loss) on Sale of Investments	0.09	-	-	-2.48	-0.34	-2.01
Gain (Loss) on Sale of Assets	1.56	0.55	12.85	26.18	-1.27	-0.01
Asset Writedown	-1.23	-	-	-	0.55	-6.38
Other Unusual Items	5.25	5.25	15.6	14.33	14.73	22.54
Pretax Income	135.61	182.33	206.55	202.25	265.42	203.35
Income Tax Expense	28.93	41.46	42.71	63.81	71.74	61.32
Earnings From Continuing Operations	106.68	140.87	163.84	138.45	193.69	142.03
Minority Interest in Earnings	-0.07	1.27	1.89	-0.04	-0.03	0.07
Net Income	106.61	142.14	165.74	138.41	193.66	142.1
Net Income to Common	106.61	142.14	165.74	138.41	193.66	142.1
Net Income Growth	-20.95%	-14.24%	19.74%	-28.53%	36.28%	-12.90%
Shares Outstanding (Basic)	194	195	197	166	148	148
Shares Outstanding (Diluted)	194	195	197	166	148	148
Shares Change (YoY)	0.16%	-1.31%	19.13%	11.70%	0.12%	-
EPS (Basic)	0.55	0.73	0.84	0.84	1.31	0.96
EPS (Diluted)	0.55	0.73	0.84	0.84	1.31	0.96
EPS Growth	-21.08%	-13.10%	0.52%	-36.02%	36.17%	-12.93%
Free Cash Flow	-53.6	182.8	-209.74	132.64	-90.15	236.47
Free Cash Flow Per Share	-0.28	0.94	-1.06	0.80	-0.61	1.60
Dividend Per Share	0.500	0.500	0.714	0.561	-	0.765
Dividend Growth	-30.00%	-30.00%	27.28%	-	-	-
Gross Margin	36.27%	38.89%	36.28%	37.33%	38.34%	44.38%
Operating Margin	5.85%	7.77%	6.62%	7.14%	8.80%	7.89%
Profit Margin	4.87%	6.31%	6.29%	5.62%	6.70%	5.87%
Free Cash Flow Margin	-2.45%	8.12%	-7.96%	5.39%	-3.12%	9.77%
EBITDA	194.28	235.7	227.88	219.34	292.16	227.24
EBITDA Margin	8.88%	10.47%	8.65%	8.91%	10.10%	9.39%
D&A For EBITDA	66.27	60.81	53.55	43.58	37.73	36.34
EBIT	128.01	174.89	174.33	175.75	254.44	190.9
EBIT Margin	5.85%	7.77%	6.62%	7.14%	8.80%	7.89%
Effective Tax Rate	21.33%	22.74%	20.68%	31.55%	27.03%	30.16%
Revenue as Reported	2,189	2,251	2,635	2,462	2,892	-
Advertising Expenses	-	66.96	64.59	57.98	76.35	-

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