SHA:603289 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	1,207	1,194	1,144	1,002	1,186	1,098
Other Revenue	11.66	11.66	3.97	0.1	-	-
Revenue	1,218	1,206	1,148	1,002	1,186	1,098
Revenue Growth (YoY)	5.62%	5.05%	14.59%	-15.51%	8.05%	25.71%
Cost of Revenue	821.7	810.24	806.62	681.62	873.92	774.5
Gross Profit	396.77	395.86	341.49	320.33	311.98	323.09
Selling, General & Admin	206.57	208.07	188.95	138.37	131.06	113.12
Research & Development	71.59	71.54	63.82	63.57	62.06	54.65
Other Operating Expenses	7	10.05	-0.52	3.38	6.33	9.03
Operating Expenses	294.77	299.27	250.05	212.82	213.03	179.45
Operating Income	102	96.59	91.44	107.51	98.95	143.64
Interest Expense	-20.26	-20.26	-12.03	-4.92	-0.88	-0.43
Interest & Investment Income	18.31	17.16	15.29	2.64	11.43	26.16
Currency Exchange Gain (Loss)	7.13	7.13	3.36	7.02	14.88	-16.79
Other Non Operating Income (Expenses)	-23.6	-1.22	-0.99	-2.14	-1.21	-0.65
EBT Excluding Unusual Items	83.58	99.4	97.07	110.11	123.18	151.94
Gain (Loss) on Sale of Investments	0.91	1.83	-2.73	-22.42	-26.47	0.51
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0.02	1.88	-0.39	0.03
Asset Writedown	-0.59	-0.3	-0	-0.01	-0.07	-0.29
Other Unusual Items	8.27	8.27	6.27	10.16	14.3	7.27
Pretax Income	92.13	109.17	100.59	99.72	110.55	159.46
Income Tax Expense	13.71	18.23	18.38	13.89	13.87	17.25
Net Income	78.43	90.94	82.21	85.84	96.68	142.21
Net Income to Common	78.43	90.94	82.21	85.84	96.68	142.21
Net Income Growth	4.20%	10.62%	-4.23%	-11.21%	-32.02%	64.04%
Shares Outstanding (Basic)	287	293	294	296	293	290
Shares Outstanding (Diluted)	297	303	294	296	293	290
Shares Change (YoY)	2.13%	3.24%	-0.81%	1.03%	0.94%	10.47%
EPS (Basic)	0.27	0.31	0.28	0.29	0.33	0.49
EPS (Diluted)	0.26	0.30	0.28	0.29	0.33	0.49
EPS Growth	2.02%	7.14%	-3.45%	-12.12%	-32.65%	48.48%
Free Cash Flow	-84.07	-166	58.15	-232.62	-252.24	80.37
Free Cash Flow Per Share	-0.28	-0.55	0.20	-0.79	-0.86	0.28
Dividend Per Share	0.150	0.150	0.150	0.150	0.150	0.200
Dividend Growth	-	-	-	-	-25.00%	-
Gross Margin	32.56%	32.82%	29.74%	31.97%	26.31%	29.44%
Operating Margin	8.37%	8.01%	7.96%	10.73%	8.34%	13.09%
Profit Margin	6.44%	7.54%	7.16%	8.57%	8.15%	12.96%
Free Cash Flow Margin	-6.90%	-13.76%	5.07%	-23.22%	-21.27%	7.32%
EBITDA	168.2	159.2	139.69	142.03	129.68	172
EBITDA Margin	13.80%	13.20%	12.17%	14.18%	10.94%	15.67%
D&A For EBITDA	66.2	62.61	48.24	34.53	30.73	28.36
EBIT	102	96.59	91.44	107.51	98.95	143.64
EBIT Margin	8.37%	8.01%	7.96%	10.73%	8.34%	13.09%
Effective Tax Rate	14.88%	16.70%	18.27%	13.93%	12.55%	10.81%
Revenue as Reported	1,206	1,206	1,148	1,002	1,186	1,098
Advertising Expenses	-	12.03	13.16	8.95	5.75	6.39

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