SHA:603351 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	1,342	1,335	1,287	1,152	1,103	1,032
Other Revenue	-	-	9.94	4.21	8.36	10.24
Revenue	1,342	1,335	1,297	1,156	1,111	1,042
Revenue Growth (YoY)	1.90%	2.95%	12.19%	4.04%	6.59%	41.60%
Cost of Revenue	954.77	955.04	938.49	842.97	810.66	762.68
Gross Profit	386.85	380	358.26	312.87	300.36	279.63
Selling, General & Admin	115.68	113.9	115.84	121.5	126.32	107.53
Research & Development	82.43	81.53	71.56	55.64	53.87	40.73
Other Operating Expenses	-3.28	-2.96	1.25	3.23	7.6	6.77
Operating Expenses	194.83	192.47	188.99	180.67	183.31	157.17
Operating Income	192.02	187.53	169.27	132.2	117.04	122.46
Interest Expense	-	-	-13.84	-15.25	-12.48	-7.04
Interest & Investment Income	0.02	0.02	0.93	0.78	0.63	1.47
Currency Exchange Gain (Loss)	-	-	1.54	0.53	2.48	-0.51
Other Non Operating Income (Expenses)	-15.82	-12.31	-0.48	-0.03	-0.2	-0.71
EBT Excluding Unusual Items	176.23	175.25	157.42	118.23	107.47	115.67
Gain (Loss) on Sale of Investments	3.41	3.41	12	1.44	-0.11	1.7
Gain (Loss) on Sale of Assets	0.01	0.02	-0.17	-0.18	-0.1	-0.18
Asset Writedown	-6.03	-6.03	-	-	-	-
Other Unusual Items	-	-	2.87	1.95	5.59	1.54
Pretax Income	173.62	172.64	172.13	121.44	112.85	118.74
Income Tax Expense	23.55	23.66	26.93	12.33	18.42	18.59
Earnings From Continuing Operations	150.07	148.99	145.21	109.11	94.43	100.15
Net Income to Company	150.07	148.99	145.21	109.11	94.43	100.15
Minority Interest in Earnings	1.95	1.98	1.22	3.08	0.6	1.22
Net Income	152.02	150.97	146.42	112.2	95.03	101.37
Net Income to Common	152.02	150.97	146.42	112.2	95.03	101.37
Net Income Growth	2.43%	3.11%	30.50%	18.07%	-6.26%	0.92%
Shares Outstanding (Basic)	136	136	136	135	132	133
Shares Outstanding (Diluted)	136	136	136	135	134	133
Shares Change (YoY)	-0.33%	0.32%	0.29%	1.00%	0.35%	2.25%
EPS (Basic)	1.12	1.11	1.08	0.83	0.72	0.76
EPS (Diluted)	1.12	1.11	1.08	0.83	0.71	0.76
EPS Growth	2.77%	2.78%	30.12%	16.90%	-6.58%	-1.30%
Free Cash Flow	186.85	186.07	170.34	47.17	-124.91	-247.16
Free Cash Flow Per Share	1.38	1.37	1.26	0.35	-0.93	-1.85
Dividend Per Share	-	-	0.400	0.300	0.280	0.300
Dividend Growth	-	-	33.33%	7.14%	-6.67%	-
Gross Margin	28.83%	28.46%	27.63%	27.07%	27.03%	26.83%
Operating Margin	14.31%	14.05%	13.05%	11.44%	10.54%	11.75%
Profit Margin	11.33%	11.31%	11.29%	9.71%	8.55%	9.73%
Free Cash Flow Margin	13.93%	13.94%	13.14%	4.08%	-11.24%	-23.71%
EBITDA	319.52	310.89	276.06	200.26	180.62	162.12
EBITDA Margin	23.82%	23.29%	21.29%	17.33%	16.26%	15.55%
D&A For EBITDA	127.51	123.36	106.79	68.06	63.58	39.66
EBIT	192.02	187.53	169.27	132.2	117.04	122.46
EBIT Margin	14.31%	14.05%	13.05%	11.44%	10.54%	11.75%
Effective Tax Rate	13.56%	13.70%	15.64%	10.15%	16.32%	15.65%
Revenue as Reported	-	-	1,297	1,156	1,111	1,042
Advertising Expenses	-	-	1.09	1.82	0.39	0.61

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