SHA:603551 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	1,903	1,874	1,834	1,946	1,802	2,015
Other Revenue	-	-	32.27	50.2	78.17	43.17
Revenue	1,903	1,874	1,866	1,996	1,880	2,058
Revenue Growth (YoY)	3.97%	0.46%	-6.53%	6.17%	-8.64%	29.19%
Cost of Revenue	1,032	1,019	1,013	1,075	1,064	1,233
Gross Profit	871.21	855.78	852.61	921.61	816.41	824.86
Selling, General & Admin	435.88	418.03	455.71	501.53	421.72	520.52
Research & Development	108.22	103.65	92.64	100.71	92.09	100.79
Other Operating Expenses	-13.77	-15.94	-5.61	-1.01	18.77	17.37
Operating Expenses	530.33	505.74	544.98	604.3	565.14	670.42
Operating Income	340.88	350.04	307.63	317.31	251.27	154.44
Interest Expense	-	-	-1.23	-0.92	-1.9	-1.7
Interest & Investment Income	0.84	0.84	32.11	30.69	40.23	32.13
Currency Exchange Gain (Loss)	-	-	0.2	-0.03	0.45	-0.45
Other Non Operating Income (Expenses)	17.86	19.8	-1.93	-2.41	-24.49	-115.09
EBT Excluding Unusual Items	359.57	370.68	336.79	344.65	265.55	69.34
Gain (Loss) on Sale of Assets	-4.27	-4.27	0.01	-0.6	0.09	-1.94
Asset Writedown	-27.49	-27.49	-2.74	-1.79	-	-
Legal Settlements	-	-	0.68	1.59	0.53	1.83
Other Unusual Items	-	-	10.67	11.98	11.31	-19.65
Pretax Income	327.81	338.92	345.41	355.82	277.48	49.58
Income Tax Expense	43.97	45.7	47.07	43.46	32.88	12.54
Earnings From Continuing Operations	283.84	293.21	298.33	312.36	244.61	37.05
Minority Interest in Earnings	3.79	4.06	-0.98	-3.04	-4.48	-6
Net Income	287.62	297.27	297.35	309.32	240.12	31.05
Net Income to Common	287.62	297.27	297.35	309.32	240.12	31.05
Net Income Growth	-2.85%	-0.03%	-3.87%	28.82%	673.30%	-83.56%
Shares Outstanding (Basic)	377	381	386	387	394	444
Shares Outstanding (Diluted)	377	381	386	387	394	444
Shares Change (YoY)	-1.76%	-1.31%	-0.13%	-1.78%	-11.26%	12.72%
EPS (Basic)	0.76	0.78	0.77	0.80	0.61	0.07
EPS (Diluted)	0.76	0.78	0.77	0.80	0.61	0.07
EPS Growth	-1.11%	1.30%	-3.75%	31.15%	771.43%	-85.42%
Free Cash Flow	319.1	337.76	321.93	410.66	361.21	148.12
Free Cash Flow Per Share	0.85	0.89	0.83	1.06	0.92	0.33
Dividend Per Share	-	-	0.850	0.800	0.750	0.600
Dividend Growth	-	-	6.25%	6.67%	25.00%	50.00%
Gross Margin	45.77%	45.65%	45.69%	46.17%	43.42%	40.08%
Operating Margin	17.91%	18.67%	16.49%	15.90%	13.36%	7.50%
Profit Margin	15.11%	15.86%	15.94%	15.50%	12.77%	1.51%
Free Cash Flow Margin	16.77%	18.02%	17.25%	20.57%	19.21%	7.20%
EBITDA	399.72	406.89	356.49	372.33	305.1	201.12
EBITDA Margin	21.00%	21.71%	19.11%	18.65%	16.23%	9.77%
D&A For EBITDA	58.85	56.85	48.86	55.03	53.84	46.68
EBIT	340.88	350.04	307.63	317.31	251.27	154.44
EBIT Margin	17.91%	18.67%	16.49%	15.90%	13.36%	7.50%
Effective Tax Rate	13.41%	13.48%	13.63%	12.21%	11.85%	25.28%
Revenue as Reported	-	-	1,866	1,996	1,880	2,058
Advertising Expenses	-	-	99.43	115.28	91.82	114.57

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