SHA:603275 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	684.28	648.15	594.27	526.42	612.31	617.43
Other Revenue	27.83	27.83	22.08	9.49	8.15	8.4
Revenue	712.12	675.98	616.35	535.91	620.46	625.84
Revenue Growth (YoY)	10.97%	9.68%	15.01%	-13.63%	-0.86%	39.14%
Cost of Revenue	433.12	401.81	362.87	318	353.55	343.14
Gross Profit	279	274.17	253.48	217.92	266.91	282.69
Selling, General & Admin	81.17	63.54	46.74	49.06	50.72	45.55
Research & Development	50.84	36.53	30.54	25.22	29.11	26.3
Other Operating Expenses	-18.29	-17.86	-22.66	-18.63	-21.57	-13.03
Operating Expenses	115.76	84.93	56.9	59.56	60.77	67.92
Operating Income	163.24	189.24	196.58	158.36	206.13	214.77
Interest Expense	-0.7	-0.11	-0.09	-0.46	-0.4	-0.55
Interest & Investment Income	21.23	21.38	18.79	3.26	3.33	3.01
Currency Exchange Gain (Loss)	0	0	-	-	-	-
Other Non Operating Income (Expenses)	-0.65	-0.03	-0.04	-0.01	-0.02	-0.25
EBT Excluding Unusual Items	183.13	210.48	215.23	161.14	209.04	216.98
Gain (Loss) on Sale of Investments	31.72	28.13	2.99	2.83	3.86	-
Gain (Loss) on Sale of Assets	-0.12	-0.11	0.03	0.07	0.08	-
Asset Writedown	-3.54	-0.66	-	-	-0.05	-15.27
Legal Settlements	-	-	-0.36	-	-	-
Other Unusual Items	9.18	7.83	3.87	9.46	14.83	8.63
Pretax Income	220.38	245.67	221.76	173.5	227.76	210.34
Income Tax Expense	28.36	31.18	29.56	23.1	30.34	29.49
Earnings From Continuing Operations	192.02	214.49	192.2	150.41	197.42	180.85
Minority Interest in Earnings	1.89	0.37	-	-0.04	-0.61	0.11
Net Income	193.9	214.86	192.2	150.36	196.81	180.96
Net Income to Common	193.9	214.86	192.2	150.36	196.81	180.96
Net Income Growth	-4.87%	11.79%	27.82%	-23.60%	8.76%	49.61%
Shares Outstanding (Basic)	148	148	124	111	111	102
Shares Outstanding (Diluted)	148	148	124	111	111	102
Shares Change (YoY)	-0.57%	19.50%	11.33%	0.17%	9.37%	1.70%
EPS (Basic)	1.31	1.45	1.55	1.35	1.77	1.78
EPS (Diluted)	1.31	1.45	1.55	1.35	1.77	1.78
EPS Growth	-4.32%	-6.45%	14.82%	-23.73%	-0.56%	47.11%
Free Cash Flow	85.8	49.51	60.3	83.92	98.38	153.07
Free Cash Flow Per Share	0.58	0.33	0.49	0.75	0.89	1.51
Dividend Per Share	0.102	0.170	0.140	-	-	-
Dividend Growth	-51.20%	21.07%	-	-	-	-
Gross Margin	39.18%	40.56%	41.13%	40.66%	43.02%	45.17%
Operating Margin	22.92%	27.99%	31.89%	29.55%	33.22%	34.32%
Profit Margin	27.23%	31.79%	31.18%	28.06%	31.72%	28.92%
Free Cash Flow Margin	12.05%	7.32%	9.78%	15.66%	15.86%	24.46%
EBITDA	179.69	201.81	203.97	165.63	213.71	223.35
EBITDA Margin	25.23%	29.85%	33.09%	30.90%	34.44%	35.69%
D&A For EBITDA	16.45	12.57	7.4	7.27	7.58	8.58
EBIT	163.24	189.24	196.58	158.36	206.13	214.77
EBIT Margin	22.92%	27.99%	31.89%	29.55%	33.22%	34.32%
Effective Tax Rate	12.87%	12.69%	13.33%	13.31%	13.32%	14.02%
Revenue as Reported	712.12	675.98	616.35	535.91	620.46	625.84
Advertising Expenses	-	0.95	0.23	0.16	0.41	0.48

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