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	Jun '26 Jun 30, 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	1,896	1,863	1,834	1,946	1,802	2,015
Other Revenue	11.82	11.82	32.27	50.2	78.17	43.17
Revenue	1,908	1,874	1,866	1,996	1,880	2,058
Revenue Growth	4.61%	0.46%	-6.53%	6.17%	-8.64%	29.19%
Cost of Revenue	1,069	1,046	1,013	1,075	1,064	1,233
Gross Profit	838.54	828.28	852.61	921.61	816.41	824.86
Selling, General & Admin	443.55	418.03	456.31	501.53	421.72	520.52
Research & Development	118.11	103.65	92.64	100.71	92.09	100.79
Other Operating Expenses	-10.26	-7.62	-6.21	-1.01	18.77	17.37
Operating Expenses	556.16	518.82	544.98	604.3	565.14	670.42
Operating Income	282.38	309.47	307.63	317.31	251.27	154.44
Interest Expense	-0.44	-0.44	-1.23	-0.92	-1.9	-1.7
Interest & Investment Income	22.75	24.01	32.11	30.69	40.23	32.13
Currency Exchange Gain (Loss)	-0.19	-0.19	0.2	-0.03	0.45	-0.45
Other Non Operating Income (Expenses)	-3.45	-1.15	-1.93	-2.41	-24.49	-115.09
EBT Excluding Unusual Items	301.05	331.69	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	0.27	-0.01	-2.74	-1.79	-	-
Legal Settlements	2.18	2.18	0.68	1.59	0.53	1.83
Other Unusual Items	9.32	9.32	10.67	11.98	11.31	-19.65
Pretax Income	308.55	338.92	345.41	355.82	277.48	49.58
Income Tax Expense	40.97	45.7	47.07	43.46	32.88	12.54
Earnings From Continuing Operations	267.57	293.21	298.33	312.36	244.61	37.05
Minority Interest in Earnings	4.03	4.06	-0.98	-3.04	-4.48	-6
Net Income	271.61	297.27	297.35	309.32	240.12	31.05
Net Income to Common	271.61	297.27	297.35	309.32	240.12	31.05
Net Income Growth	-11.54%	-0.03%	-3.87%	28.82%	673.30%	-83.56%
Shares Outstanding (Basic)	383	381	386	387	394	444
Shares Outstanding (Diluted)	383	381	386	387	394	444
Shares Change	-0.19%	-1.31%	-0.13%	-1.78%	-11.26%	12.72%
EPS (Basic)	0.71	0.78	0.77	0.80	0.61	0.07
EPS (Diluted)	0.71	0.78	0.77	0.80	0.61	0.07
EPS Growth	-11.37%	1.30%	-3.75%	31.15%	771.43%	-85.42%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	283.26	337.76	321.93	410.66	361.21	148.12
Free Cash Flow Per Share	0.74	0.89	0.83	1.06	0.92	0.33
Dividend Per Share	0.850	0.850	0.850	0.800	0.750	0.600
Dividend Growth	0%	0%	6.25%	6.67%	25.00%	50.00%
Gross Margin	43.96%	44.19%	45.69%	46.17%	43.42%	40.08%
Operating Margin	14.80%	16.51%	16.49%	15.90%	13.36%	7.50%
Profit Margin	14.24%	15.86%	15.94%	15.50%	12.77%	1.51%
Free Cash Flow Margin	14.85%	18.02%	17.25%	20.57%	19.21%	7.20%
EBITDA	328.76	358.11	367.51	372.33	305.1	201.12
EBITDA Margin	17.23%	19.11%	19.70%	18.65%	16.23%	9.77%
D&A For EBITDA	46.37	48.64	59.88	55.03	53.84	46.68
EBIT	282.38	309.47	307.63	317.31	251.27	154.44
EBIT Margin	14.80%	16.51%	16.49%	15.90%	13.36%	7.50%
Effective Tax Rate	13.28%	13.48%	13.63%	12.21%	11.85%	25.28%
Revenue as Reported	1,874	1,874	1,866	1,996	1,880	2,058
Advertising Expenses	-	78.63	99.43	115.28	91.82	114.57