SHA:603350 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	1,962	1,989	1,517	1,418	1,386	1,167
Other Revenue	15.16	15.16	11.39	9.53	11.88	13.04
Revenue	1,977	2,004	1,528	1,427	1,398	1,180
Revenue Growth (YoY)	15.37%	31.14%	7.07%	2.12%	18.45%	53.49%
Cost of Revenue	1,674	1,695	1,261	1,146	1,102	936.87
Gross Profit	303.16	309.61	267.53	281.92	295.84	243.23
Selling, General & Admin	111.12	106.04	102.24	79.14	62.02	47.92
Research & Development	79.19	76.06	63.09	54.76	49.39	42.22
Other Operating Expenses	3.89	10	2.25	3.07	8.51	3.94
Operating Expenses	199.96	197.87	172.67	140.97	120.1	97.96
Operating Income	103.2	111.75	94.86	140.95	175.75	145.27
Interest Expense	-1.45	-1.45	-1.47	-0.44	-0.54	-0.59
Interest & Investment Income	20.15	19.38	23.9	13.68	1.45	0.77
Currency Exchange Gain (Loss)	-5.88	-5.88	1.2	3.36	6.98	-2.24
Other Non Operating Income (Expenses)	-2.17	-1.18	-0.64	-0.58	-0.18	-0.32
EBT Excluding Unusual Items	113.85	122.61	117.84	156.97	183.46	142.89
Gain (Loss) on Sale of Investments	1.25	-0.16	-3.97	-7.77	-14.33	0.33
Gain (Loss) on Sale of Assets	-1.41	-1.41	0.01	-0.04	0.01	-0.05
Asset Writedown	0.02	-0.11	-0.03	-	-0.22	-2.21
Other Unusual Items	7.5	7.5	9.26	19.79	4.64	7.81
Pretax Income	121.21	128.43	123.24	168.96	173.56	148.77
Income Tax Expense	12.02	14.24	13.29	21.41	22.88	19.37
Earnings From Continuing Operations	109.19	114.2	109.96	147.55	150.68	129.4
Minority Interest in Earnings	1.46	0.84	0	0.37	0.19	-
Net Income	110.64	115.04	109.96	147.92	150.87	129.4
Net Income to Common	110.64	115.04	109.96	147.92	150.87	129.4
Net Income Growth	2.94%	4.62%	-25.66%	-1.96%	16.59%	65.60%
Shares Outstanding (Basic)	116	116	102	87	87	83
Shares Outstanding (Diluted)	116	116	102	87	87	83
Shares Change (YoY)	6.68%	14.13%	17.01%	-0.23%	4.46%	1.50%
EPS (Basic)	0.95	0.99	1.08	1.70	1.73	1.55
EPS (Diluted)	0.95	0.99	1.08	1.70	1.73	1.55
EPS Growth	-3.51%	-8.33%	-36.47%	-1.73%	11.61%	63.16%
Free Cash Flow	2.89	-99.53	62.82	321.42	48.79	77.08
Free Cash Flow Per Share	0.03	-0.86	0.62	3.69	0.56	0.92
Dividend Per Share	0.600	0.600	0.950	-	-	-
Dividend Growth	-36.84%	-36.84%	-	-	-	-
Gross Margin	15.33%	15.45%	17.51%	19.75%	21.16%	20.61%
Operating Margin	5.22%	5.58%	6.21%	9.87%	12.57%	12.31%
Profit Margin	5.60%	5.74%	7.20%	10.36%	10.79%	10.96%
Free Cash Flow Margin	0.15%	-4.97%	4.11%	22.52%	3.49%	6.53%
EBITDA	121.28	129.12	109.39	154.24	187.27	155.27
EBITDA Margin	6.13%	6.44%	7.16%	10.80%	13.40%	13.16%
D&A For EBITDA	18.08	17.37	14.53	13.29	11.52	10
EBIT	103.2	111.75	94.86	140.95	175.75	145.27
EBIT Margin	5.22%	5.58%	6.21%	9.87%	12.57%	12.31%
Effective Tax Rate	9.92%	11.08%	10.78%	12.67%	13.18%	13.02%
Revenue as Reported	2,004	2,004	1,528	1,427	1,398	1,180
Advertising Expenses	-	5.84	7.77	3.4	0.77	0.24

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