SHA:603568 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	5,356	6,195	7,129	5,993	4,450	4,236
Other Revenue	44.47	41.08	41.77	31.96	24.17	53.15
Revenue	5,401	6,236	7,171	6,025	4,474	4,289
Revenue Growth	-22.42%	-13.04%	19.03%	34.66%	4.30%	37.32%
Cost of Revenue	2,706	3,063	3,460	3,166	2,360	2,260
Gross Profit	2,695	3,172	3,712	2,859	2,113	2,029
Selling, General & Admin	304.28	287.48	275.18	251.4	200.01	142.93
Research & Development	134.8	130	114.33	99.87	84.51	60.71
Other Operating Expenses	-6.29	-32.3	-34.49	-32.57	-28.08	-41.44
Operating Expenses	547.81	469.96	458.14	391.48	156.7	215.92
Operating Income	2,147	2,703	3,253	2,467	1,957	1,813
Interest Expense	-195.2	-183.03	-188.02	-176.69	-173.83	-63.7
Interest & Investment Income	165.01	114.27	54.93	33.56	25.37	11.23
Currency Exchange Gain (Loss)	-46	-10.83	4.35	6.72	4.4	0.02
Other Non Operating Income (Expenses)	-105.09	-97.05	-96.98	-98.3	-82.44	-51.94
EBT Excluding Unusual Items	1,966	2,526	3,028	2,232	1,730	1,709
Gain (Loss) on Sale of Assets	-0.07	-0.21	0.36	-1.13	0.85	-0.06
Other Unusual Items	64.32	67.01	84.04	53.2	62	52.33
Pretax Income	2,030	2,593	3,112	2,284	1,793	1,761
Income Tax Expense	170.79	247.82	327.61	198.27	111.06	153.43
Earnings From Continuing Operations	1,859	2,345	2,784	2,086	1,682	1,608
Minority Interest in Earnings	-141.1	-131.37	-80.6	-37.74	-17.84	-2.63
Net Income	1,718	2,213	2,704	2,048	1,664	1,605
Net Income to Common	1,718	2,213	2,704	2,048	1,664	1,605
Net Income Growth	-36.49%	-18.14%	31.99%	23.09%	3.69%	27.65%
Shares Outstanding (Basic)	2,212	2,028	2,028	2,032	2,038	1,965
Shares Outstanding (Diluted)	2,212	2,043	2,054	2,066	2,059	2,006
Shares Change	18.42%	-0.50%	-0.59%	0.33%	2.63%	2.28%
EPS (Basic)	0.78	1.09	1.33	1.01	0.82	0.82
EPS (Diluted)	0.78	1.08	1.32	0.99	0.81	0.80
EPS Growth	-46.37%	-17.73%	32.77%	22.69%	1.04%	24.80%

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	1,362	1,131	-622.67	52.34	-52.79	-1,169
Free Cash Flow Per Share	0.62	0.55	-0.30	0.03	-0.03	-0.58
Dividend Per Share	0.500	0.500	0.400	0.208	0.125	0.083
Dividend Growth	25.00%	25.00%	92.03%	66.64%	50.06%	-57.39%
Gross Margin	49.90%	50.88%	51.76%	47.45%	47.24%	47.31%
Operating Margin	39.76%	43.34%	45.37%	40.95%	43.74%	42.27%
Profit Margin	31.82%	35.50%	37.70%	34.00%	37.20%	37.42%
Free Cash Flow Margin	25.22%	18.14%	-8.68%	0.87%	-1.18%	-27.26%
EBITDA	2,953	3,409	3,846	3,014	2,427	2,067
EBITDA Margin	54.67%	54.67%	53.64%	50.03%	54.25%	48.19%
D&A For EBITDA	805.5	706.88	593.03	547.26	470.22	254.03
EBIT	2,147	2,703	3,253	2,467	1,957	1,813
EBIT Margin	39.76%	43.34%	45.37%	40.95%	43.74%	42.27%
Effective Tax Rate	8.41%	9.56%	10.53%	8.68%	6.19%	8.71%
Revenue as Reported	5,401	6,236	7,171	6,025	4,474	4,289
Advertising Expenses	-	0.79	0.04	0.31	0.57	0.24