SHA:603280 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	1,093	1,037	987.72	1,125	1,200	1,264
Other Revenue	-	-	13.65	16.09	17.47	19.95
Revenue	1,093	1,037	1,001	1,141	1,217	1,284
Revenue Growth (YoY)	15.40%	3.57%	-12.23%	-6.27%	-5.23%	12.53%
Cost of Revenue	762.44	724.83	734.95	861.55	947.75	948.65
Gross Profit	330.26	312.28	266.43	279.39	269.52	335.77
Selling, General & Admin	128.55	124.33	110.14	93.75	100.43	102.6
Research & Development	87.65	84.15	82.82	73.46	64.24	72.97
Other Operating Expenses	11.19	4.35	7	5.56	9.42	8.71
Operating Expenses	227.39	212.83	199.5	174.17	170.64	184.16
Operating Income	102.86	99.45	66.93	105.23	98.88	151.62
Interest Expense	-	-	-0.2	-0.3	-0.08	-0.11
Interest & Investment Income	8.32	8.92	17.79	18.72	4.96	5.99
Currency Exchange Gain (Loss)	-	-	0.55	0.92	5.03	0.39
Other Non Operating Income (Expenses)	2.98	2.44	-0.77	-0.42	-0.14	0.49
EBT Excluding Unusual Items	114.17	110.82	84.3	124.14	108.65	158.38
Gain (Loss) on Sale of Investments	-0.29	-0.55	1.24	0.48	1.11	1.51
Gain (Loss) on Sale of Assets	-0.03	0.16	-0.17	0.17	-0.01	0.08
Asset Writedown	-13.2	-11.05	-	-	-	-0.88
Other Unusual Items	-	-	11.79	7.28	15.95	13.34
Pretax Income	100.64	99.38	97.16	132.06	125.71	172.42
Income Tax Expense	5.51	4.71	6.37	11.65	11.29	16.92
Earnings From Continuing Operations	95.13	94.67	90.8	120.42	114.41	155.49
Net Income	95.13	94.67	90.8	120.42	114.41	155.49
Net Income to Common	95.13	94.67	90.8	120.42	114.41	155.49
Net Income Growth	2.52%	4.27%	-24.60%	5.25%	-26.42%	7.34%
Shares Outstanding (Basic)	110	109	108	108	84	81
Shares Outstanding (Diluted)	110	109	108	108	84	81
Shares Change (YoY)	2.19%	0.68%	-0.36%	29.90%	2.58%	0.04%
EPS (Basic)	0.87	0.87	0.84	1.11	1.37	1.91
EPS (Diluted)	0.87	0.87	0.84	1.11	1.37	1.91
EPS Growth	0.32%	3.57%	-24.32%	-18.98%	-28.27%	7.30%
Free Cash Flow	149.41	175.71	19.36	61.27	-5.47	67.56
Free Cash Flow Per Share	1.36	1.61	0.18	0.56	-0.07	0.83
Dividend Per Share	-	-	0.260	0.340	0.320	-
Dividend Growth	-	-	-23.53%	6.25%	-	-
Gross Margin	30.22%	30.11%	26.61%	24.49%	22.14%	26.14%
Operating Margin	9.41%	9.59%	6.68%	9.22%	8.12%	11.80%
Profit Margin	8.71%	9.13%	9.07%	10.55%	9.40%	12.11%
Free Cash Flow Margin	13.67%	16.94%	1.93%	5.37%	-0.45%	5.26%
EBITDA	121.7	117.81	83.35	120.2	113.52	166.53
EBITDA Margin	11.14%	11.36%	8.32%	10.54%	9.33%	12.96%
D&A For EBITDA	18.84	18.36	16.42	14.98	14.64	14.91
EBIT	102.86	99.45	66.93	105.23	98.88	151.62
EBIT Margin	9.41%	9.59%	6.68%	9.22%	8.12%	11.80%
Effective Tax Rate	5.48%	4.74%	6.55%	8.82%	8.98%	9.82%
Revenue as Reported	-	-	1,001	1,141	1,217	1,284
Advertising Expenses	-	-	13	6.34	6.24	8.03

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