SHA:603506 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	1,874	1,860	1,803	1,849	1,844	1,587
Other Revenue	2.26	2.26	2.33	2.23	2.55	5.78
Revenue	1,876	1,862	1,805	1,851	1,847	1,593
Revenue Growth (YoY)	3.32%	3.15%	-2.45%	0.22%	15.93%	12.70%
Cost of Revenue	1,563	1,550	1,534	1,556	1,486	1,230
Gross Profit	313.64	311.98	271.48	295.22	360.35	362.44
Selling, General & Admin	111.82	112.4	128.63	154.69	157.97	148.82
Research & Development	2.24	2.4	2.97	2.52	3.1	1.7
Other Operating Expenses	5.99	6.44	6.7	2.19	7.05	5.77
Operating Expenses	156.14	157.33	160.48	175.59	203.67	172.31
Operating Income	157.5	154.65	111	119.63	156.68	190.13
Interest Expense	-1.25	-1.25	-2.11	-2.27	-	-4.78
Interest & Investment Income	15.33	12.36	28.39	17.12	21.98	47.05
Other Non Operating Income (Expenses)	-2.31	-4.72	-5.97	-7.05	-8.94	-2.66
EBT Excluding Unusual Items	169.27	161.04	131.3	127.43	169.72	229.75
Impairment of Goodwill	-46.78	-46.78	-21.63	-6.27	-	-16.44
Gain (Loss) on Sale of Investments	61.84	43.25	-64.81	127.31	11.68	1.31
Gain (Loss) on Sale of Assets	0.02	0.02	2.93	0.1	2.37	-0.02
Asset Writedown	-0.4	-0.4	-0.39	-0.12	-0.03	-
Other Unusual Items	6.39	6.39	-0.11	6.05	13.78	18.76
Pretax Income	190.34	163.52	47.3	254.51	197.52	233.37
Income Tax Expense	61.65	53.37	13.96	58.46	42.4	63.83
Earnings From Continuing Operations	128.69	110.15	33.35	196.04	155.12	169.53
Minority Interest in Earnings	-11.21	-10.9	-11.44	-10.28	-9.64	-6.76
Net Income	117.47	99.25	21.91	185.77	145.48	162.77
Net Income to Common	117.47	99.25	21.91	185.77	145.48	162.77
Net Income Growth	284.36%	353.08%	-88.21%	27.69%	-10.62%	18.06%
Shares Outstanding (Basic)	184	184	183	188	189	187
Shares Outstanding (Diluted)	184	184	183	188	189	187
Shares Change (YoY)	1.28%	0.69%	-2.72%	-0.69%	0.99%	-0.94%
EPS (Basic)	0.64	0.54	0.12	0.99	0.77	0.87
EPS (Diluted)	0.64	0.54	0.12	0.99	0.77	0.87
EPS Growth	279.51%	350.00%	-87.88%	28.57%	-11.49%	19.18%
Free Cash Flow	51.46	95.92	166.96	180.55	142.58	180.36
Free Cash Flow Per Share	0.28	0.52	0.92	0.96	0.76	0.96
Dividend Per Share	0.214	0.214	-	0.351	0.310	0.347
Dividend Growth	-	-	-	13.20%	-10.68%	57.32%
Gross Margin	16.71%	16.75%	15.04%	15.95%	19.51%	22.75%
Operating Margin	8.39%	8.30%	6.15%	6.46%	8.48%	11.94%
Profit Margin	6.26%	5.33%	1.21%	10.04%	7.88%	10.22%
Free Cash Flow Margin	2.74%	5.15%	9.25%	9.75%	7.72%	11.32%
EBITDA	162.87	164.34	137.98	131.49	168.15	199.4
EBITDA Margin	8.68%	8.82%	7.64%	7.10%	9.11%	12.52%
D&A For EBITDA	5.37	9.69	26.98	11.86	11.47	9.27
EBIT	157.5	154.65	111	119.63	156.68	190.13
EBIT Margin	8.39%	8.30%	6.15%	6.46%	8.48%	11.94%
Effective Tax Rate	32.39%	32.64%	29.50%	22.97%	21.46%	27.35%
Revenue as Reported	1,862	1,862	1,805	1,851	1,847	1,593
Advertising Expenses	-	3.54	3.79	5.35	3.09	3.59

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