SHA:603308 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	3,060	2,834	2,429	2,339	2,110	1,947
Other Revenue	84.71	84.71	84.73	72.96	87.44	93.08
Revenue	3,145	2,919	2,513	2,412	2,198	2,040
Revenue Growth (YoY)	25.12%	16.13%	4.21%	9.75%	7.72%	11.29%
Cost of Revenue	2,045	1,875	1,654	1,540	1,391	1,297
Gross Profit	1,100	1,044	859.55	872.33	807.03	743.39
Selling, General & Admin	274.96	274.35	229.16	221.34	215.33	220.81
Research & Development	336.35	325.36	304.88	293.26	254.95	248.33
Other Operating Expenses	-0.58	-4.59	-50.32	-18.89	47.45	49.84
Operating Expenses	615.94	600.33	499.14	510.02	517.63	528.58
Operating Income	483.65	443.58	360.4	362.31	289.4	214.8
Interest Expense	-129.46	-129.46	-129.18	-119.96	-133.12	-85.78
Interest & Investment Income	5.14	5.14	7.05	6.84	6.5	6.59
Currency Exchange Gain (Loss)	1.5	1.5	10.58	14.46	26.08	-13.06
Other Non Operating Income (Expenses)	-31.11	-18.69	-11.94	-6.63	-11.02	-14.54
EBT Excluding Unusual Items	329.72	302.07	236.91	257.02	177.84	108.01
Gain (Loss) on Sale of Investments	0.08	-	-	-	-1.89	-9.31
Gain (Loss) on Sale of Assets	-0.83	-0.83	-0.16	-0.88	113.06	0.23
Asset Writedown	-	-	-	-	0.01	-0.01
Other Unusual Items	34.12	34.12	11.37	28.72	104.99	101.79
Pretax Income	363.09	335.36	248.12	284.86	394.01	201.6
Income Tax Expense	23.41	22.61	-5.43	6.43	5.51	-9.51
Earnings From Continuing Operations	339.68	312.76	253.55	278.42	388.5	211.11
Minority Interest in Earnings	37.09	35.89	32.83	24.84	13.18	20.07
Net Income	376.76	348.64	286.38	303.26	401.67	231.18
Net Income to Common	376.76	348.64	286.38	303.26	401.67	231.18
Net Income Growth	30.88%	21.74%	-5.57%	-24.50%	73.75%	14.67%
Shares Outstanding (Basic)	686	684	682	689	681	680
Shares Outstanding (Diluted)	686	684	682	689	681	680
Shares Change (YoY)	2.09%	0.26%	-1.07%	1.24%	0.13%	1.18%
EPS (Basic)	0.55	0.51	0.42	0.44	0.59	0.34
EPS (Diluted)	0.55	0.51	0.42	0.44	0.59	0.34
EPS Growth	28.20%	21.43%	-4.54%	-25.42%	73.53%	13.33%
Free Cash Flow	-329.97	-368.88	-492.57	-299.46	-780.96	-640.55
Free Cash Flow Per Share	-0.48	-0.54	-0.72	-0.43	-1.15	-0.94
Dividend Per Share	0.160	0.160	0.070	0.120	0.177	0.102
Dividend Growth	128.57%	128.57%	-41.67%	-32.20%	73.53%	15.12%
Gross Margin	34.96%	35.77%	34.20%	36.17%	36.72%	36.44%
Operating Margin	15.38%	15.20%	14.34%	15.02%	13.17%	10.53%
Profit Margin	11.98%	11.95%	11.39%	12.57%	18.28%	11.33%
Free Cash Flow Margin	-10.49%	-12.64%	-19.60%	-12.42%	-35.53%	-31.40%
EBITDA	750.95	714.87	647.65	626.71	503.74	433.32
EBITDA Margin	23.88%	24.49%	25.77%	25.98%	22.92%	21.24%
D&A For EBITDA	267.3	271.29	287.24	264.4	214.34	218.52
EBIT	483.65	443.58	360.4	362.31	289.4	214.8
EBIT Margin	15.38%	15.20%	14.34%	15.02%	13.17%	10.53%
Effective Tax Rate	6.45%	6.74%	-	2.26%	1.40%	-
Revenue as Reported	2,919	2,919	2,513	2,412	2,198	2,040
Advertising Expenses	-	4.95	4.17	2.72	5.5	4.95

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