SHA:603281 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	1,868	1,844	2,199	2,260	3,300	2,526
Other Revenue	14.27	14.27	17.22	17.1	12.13	9.68
Revenue	1,883	1,858	2,216	2,277	3,312	2,535
Revenue Growth (YoY)	-11.25%	-16.14%	-2.69%	-31.23%	30.62%	86.02%
Cost of Revenue	1,362	1,356	1,458	1,424	1,898	1,573
Gross Profit	520.7	502.83	757.81	853.61	1,414	962.69
Selling, General & Admin	78.95	80.7	98.56	109.4	150.79	95.14
Research & Development	35.43	34.34	59.61	68.92	117.23	78.41
Other Operating Expenses	10.98	10.71	11.67	5.17	24.63	10.36
Operating Expenses	120.9	123.41	171.88	178.39	283.46	199.05
Operating Income	399.8	379.42	585.93	675.22	1,130	763.64
Interest Expense	-0.69	-0.69	-	-	-2.2	-1.58
Interest & Investment Income	68.69	78.21	81.27	54.69	12.59	28.91
Currency Exchange Gain (Loss)	9.88	9.88	14.64	22.47	98	-17.04
Other Non Operating Income (Expenses)	-10.34	-0.03	-0.04	-0.05	-0.06	-0.06
EBT Excluding Unusual Items	467.34	466.8	681.8	752.33	1,238	773.87
Gain (Loss) on Sale of Investments	12.38	6.53	7.52	-7.77	-42.45	9.09
Gain (Loss) on Sale of Assets	0.09	0.28	0.29	-	-	0.41
Asset Writedown	0.16	-	-	-4.09	0.01	-
Other Unusual Items	14.15	14.17	9.54	18.92	12.62	12.49
Pretax Income	494.12	487.78	699.15	759.4	1,209	795.87
Income Tax Expense	69.1	69.53	97.04	104.71	168.53	112.34
Net Income	425.02	418.25	602.11	654.69	1,040	683.52
Net Income to Common	425.02	418.25	602.11	654.69	1,040	683.52
Net Income Growth	-21.93%	-30.54%	-8.03%	-37.05%	52.15%	120.43%
Shares Outstanding (Basic)	366	367	372	368	307	280
Shares Outstanding (Diluted)	366	367	372	368	307	280
Shares Change (YoY)	-1.13%	-1.29%	1.05%	19.89%	9.65%	-0.10%
EPS (Basic)	1.16	1.14	1.62	1.78	3.39	2.44
EPS (Diluted)	1.16	1.14	1.62	1.78	3.39	2.44
EPS Growth	-21.04%	-29.63%	-8.99%	-47.49%	38.77%	120.66%
Free Cash Flow	216	284.07	343.99	536.96	1,178	304.37
Free Cash Flow Per Share	0.59	0.77	0.93	1.46	3.84	1.09
Dividend Per Share	1.000	1.000	1.000	1.006	0.857	-
Dividend Growth	-	-	-0.55%	17.31%	-	-
Gross Margin	27.66%	27.06%	34.19%	37.48%	42.68%	37.97%
Operating Margin	21.24%	20.42%	26.44%	29.65%	34.12%	30.12%
Profit Margin	22.58%	22.50%	27.17%	28.75%	31.40%	26.96%
Free Cash Flow Margin	11.47%	15.29%	15.52%	23.58%	35.57%	12.01%
EBITDA	486.34	462.98	657.58	733.55	1,170	792.71
EBITDA Margin	25.83%	24.91%	29.67%	32.21%	35.32%	31.26%
D&A For EBITDA	86.54	83.56	71.65	58.33	39.74	29.07
EBIT	399.8	379.42	585.93	675.22	1,130	763.64
EBIT Margin	21.24%	20.42%	26.44%	29.65%	34.12%	30.12%
Effective Tax Rate	13.98%	14.25%	13.88%	13.79%	13.94%	14.12%
Revenue as Reported	1,883	1,858	2,216	2,277	3,312	2,535
Advertising Expenses	-	0.55	0.64	0.39	0.18	0.43

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