SHA:603551 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,793	1,834	1,946	1,802	2,015	1,560
Other Revenue	32.27	32.27	50.2	78.17	43.17	33.12
Revenue	1,825	1,866	1,996	1,880	2,058	1,593
Revenue Growth (YoY)	-4.62%	-6.53%	6.17%	-8.64%	29.19%	-3.44%
Cost of Revenue	1,007	1,013	1,075	1,064	1,233	884.14
Gross Profit	818.56	852.61	921.61	816.41	824.86	708.88
Selling, General & Admin	423.39	455.71	501.53	421.72	520.52	434.65
Research & Development	89.89	92.64	100.71	92.09	100.79	80.58
Other Operating Expenses	-0.45	-5.61	-1.01	18.77	17.37	13.67
Operating Expenses	510.83	544.98	604.3	565.14	670.42	531.14
Operating Income	307.73	307.63	317.31	251.27	154.44	177.74
Interest Expense	-1.23	-1.23	-0.92	-1.9	-1.7	-0.83
Interest & Investment Income	24.47	32.11	30.69	40.23	32.13	37.4
Currency Exchange Gain (Loss)	0.2	0.2	-0.03	0.45	-0.45	-1.39
Other Non Operating Income (Expenses)	-3.04	-1.93	-2.41	-24.49	-115.09	-7.61
EBT Excluding Unusual Items	328.13	336.79	344.65	265.55	69.34	205.32
Gain (Loss) on Sale of Assets	-3	0.01	-0.6	0.09	-1.94	-0.13
Asset Writedown	-2.68	-2.74	-1.79	-	-	-
Legal Settlements	0.68	0.68	1.59	0.53	1.83	2.12
Other Unusual Items	15.49	10.67	11.98	11.31	-19.65	17.86
Pretax Income	338.62	345.41	355.82	277.48	49.58	225.16
Income Tax Expense	47.16	47.07	43.46	32.88	12.54	31.71
Earnings From Continuing Operations	291.46	298.33	312.36	244.61	37.05	193.45
Minority Interest in Earnings	3.82	-0.98	-3.04	-4.48	-6	-4.56
Net Income	295.27	297.35	309.32	240.12	31.05	188.9
Net Income to Common	295.27	297.35	309.32	240.12	31.05	188.9
Net Income Growth	1.29%	-3.87%	28.82%	673.30%	-83.56%	-29.42%
Shares Outstanding (Basic)	389	386	387	394	444	394
Shares Outstanding (Diluted)	389	386	387	394	444	394
Shares Change (YoY)	1.54%	-0.13%	-1.78%	-11.26%	12.72%	8.81%
EPS (Basic)	0.76	0.77	0.80	0.61	0.07	0.48
EPS (Diluted)	0.76	0.77	0.80	0.61	0.07	0.48
EPS Growth	-0.24%	-3.75%	31.15%	771.43%	-85.42%	-35.13%
Free Cash Flow	346.94	321.93	410.66	361.21	148.12	160.76
Free Cash Flow Per Share	0.89	0.83	1.06	0.92	0.33	0.41
Dividend Per Share	0.850	0.850	0.800	0.750	0.600	0.400
Dividend Growth	-22.73%	6.25%	6.67%	25.00%	50.00%	21.21%
Gross Margin	44.85%	45.69%	46.17%	43.42%	40.08%	44.50%
Operating Margin	16.86%	16.49%	15.90%	13.36%	7.50%	11.16%
Profit Margin	16.18%	15.94%	15.50%	12.77%	1.51%	11.86%
Free Cash Flow Margin	19.01%	17.25%	20.57%	19.21%	7.20%	10.09%
EBITDA	351.97	356.49	372.33	305.1	201.12	221.16
EBITDA Margin	19.28%	19.11%	18.65%	16.23%	9.77%	13.88%
D&A For EBITDA	44.24	48.86	55.03	53.84	46.68	43.42
EBIT	307.73	307.63	317.31	251.27	154.44	177.74
EBIT Margin	16.86%	16.49%	15.90%	13.36%	7.50%	11.16%
Effective Tax Rate	13.93%	13.63%	12.21%	11.85%	25.28%	14.08%
Revenue as Reported	1,825	1,866	1,996	1,880	2,058	1,593
Advertising Expenses	-	99.43	115.28	91.82	114.57	101.49

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.