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	Sep '26 Sep 30, 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	2,081	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	2,095	1,858	2,216	2,277	3,312	2,535
Revenue Growth	8.17%	-16.14%	-2.69%	-31.23%	30.62%	86.02%
Cost of Revenue	1,600	1,356	1,458	1,424	1,898	1,573
Gross Profit	495.27	502.83	757.81	853.61	1,414	962.69
Selling, General & Admin	82.43	80.7	98.56	109.4	150.79	95.14
Research & Development	36.76	34.34	59.61	68.92	117.23	78.41
Other Operating Expenses	24.82	10.71	11.67	5.17	24.63	10.36
Operating Expenses	142.68	123.41	171.88	178.39	283.46	199.05
Operating Income	352.59	379.42	585.93	675.22	1,130	763.64
Interest Expense	-0.14	-0.69	-	-	-2.2	-1.58
Interest & Investment Income	20.56	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)	18.09	-0.03	-0.04	-0.05	-0.06	-0.06
EBT Excluding Unusual Items	401	466.8	681.8	752.33	1,238	773.87
Gain (Loss) on Sale of Investments	5.32	6.53	7.52	-7.77	-42.45	9.09
Gain (Loss) on Sale of Assets	0.07	0.28	0.29	-	-	0.41
Asset Writedown	0.13	-	-	-4.09	0.01	-
Other Unusual Items	20.81	14.17	9.54	18.92	12.62	12.49
Pretax Income	427.32	487.78	699.15	759.4	1,209	795.87
Income Tax Expense	71.71	69.53	97.04	104.71	168.53	112.34
Net Income	355.61	418.25	602.11	654.69	1,040	683.52
Net Income to Common	355.61	418.25	602.11	654.69	1,040	683.52
Net Income Growth	-23.89%	-30.54%	-8.03%	-37.05%	52.15%	120.43%
Shares Outstanding (Basic)	506	514	520	515	430	392
Shares Outstanding (Diluted)	506	514	520	515	430	392
Shares Change	-1.82%	-1.29%	1.05%	19.89%	9.65%	-0.10%
EPS (Basic)	0.70	0.81	1.16	1.27	2.42	1.74
EPS (Diluted)	0.70	0.81	1.16	1.27	2.42	1.74
EPS Growth	-22.48%	-29.63%	-8.99%	-47.49%	38.77%	120.65%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	126.25	284.07	343.99	536.96	1,178	304.37
Free Cash Flow Per Share	0.25	0.55	0.66	1.04	2.74	0.78
Dividend Per Share	0.714	0.714	0.714	0.718	0.612	-
Dividend Growth	0%	0%	-0.54%	17.32%	-	-
Gross Margin	23.64%	27.06%	34.19%	37.48%	42.68%	37.97%
Operating Margin	16.83%	20.42%	26.44%	29.65%	34.12%	30.12%
Profit Margin	16.97%	22.50%	27.17%	28.75%	31.40%	26.96%
Free Cash Flow Margin	6.02%	15.29%	15.52%	23.58%	35.57%	12.01%
EBITDA	445.09	462.98	657.58	733.55	1,170	792.71
EBITDA Margin	21.24%	24.91%	29.67%	32.21%	35.32%	31.26%
D&A For EBITDA	92.5	83.56	71.65	58.33	39.74	29.07
EBIT	352.59	379.42	585.93	675.22	1,130	763.64
EBIT Margin	16.83%	20.42%	26.44%	29.65%	34.12%	30.12%
Effective Tax Rate	16.78%	14.25%	13.88%	13.79%	13.94%	14.12%
Revenue as Reported	433.42	1,858	2,216	2,277	3,312	2,535
Advertising Expenses	-	0.55	0.64	0.39	0.18	0.43