SHA:603579 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	1,599	1,552	1,575	1,845	1,986	2,586
Other Revenue	21.11	21.11	21.91	9.87	18.58	27.06
Revenue	1,620	1,573	1,597	1,855	2,005	2,613
Revenue Growth (YoY)	1.82%	-1.50%	-13.92%	-7.47%	-23.26%	29.30%
Cost of Revenue	1,132	1,093	1,095	1,294	1,476	1,913
Gross Profit	488.55	480.28	502.03	561.3	528.47	699.91
Selling, General & Admin	311.64	293.09	266.32	277.87	280.34	329.02
Research & Development	97.95	93.3	80.1	80.18	88.66	119.21
Other Operating Expenses	18.41	23.12	6.01	7.7	7.83	6.27
Operating Expenses	427.71	409.76	355.22	364.86	382.33	460.41
Operating Income	60.83	70.52	146.82	196.44	146.14	239.5
Interest Expense	-13.6	-20.42	-5.9	-27.41	-28.79	-28.74
Interest & Investment Income	98.98	71.17	53.88	64.11	44.37	104.76
Currency Exchange Gain (Loss)	-3.38	-3.38	7.42	7.9	25.76	-15.75
Other Non Operating Income (Expenses)	-4.37	0.17	3.06	-7.2	-27.66	-58.25
EBT Excluding Unusual Items	138.46	118.06	205.27	233.84	159.82	241.52
Gain (Loss) on Sale of Investments	35.2	41.14	-6.14	-16.22	10.41	4.69
Gain (Loss) on Sale of Assets	1.5	1.73	0.7	-0.95	0.15	1.31
Asset Writedown	-2.75	-3.1	-1.21	-1.29	-0.01	-1.7
Legal Settlements	5.1	5.1	-	-	-	-
Other Unusual Items	21.49	21.5	11.37	14.81	9	15.13
Pretax Income	199	184.42	209.99	230.19	179.37	260.96
Income Tax Expense	23.81	34.43	18.19	26.86	14.65	32.93
Earnings From Continuing Operations	175.18	150	191.81	203.33	164.72	228.03
Minority Interest in Earnings	1.32	0.71	0.14	-0.63	-0.49	8.3
Net Income	176.5	150.7	191.95	202.71	164.23	236.34
Net Income to Common	176.5	150.7	191.95	202.71	164.23	236.34
Net Income Growth	1.94%	-21.49%	-5.31%	23.43%	-30.51%	22.45%
Shares Outstanding (Basic)	187	182	173	173	174	176
Shares Outstanding (Diluted)	187	182	198	173	174	182
Shares Change (YoY)	-4.42%	-8.24%	14.21%	-0.18%	-4.53%	2.16%
EPS (Basic)	0.94	0.83	1.11	1.17	0.95	1.35
EPS (Diluted)	0.94	0.83	0.97	1.17	0.95	1.30
EPS Growth	6.66%	-14.43%	-17.09%	23.65%	-27.21%	19.86%
Free Cash Flow	50.98	62.91	17.06	254.69	136.14	196.45
Free Cash Flow Per Share	0.27	0.35	0.09	1.47	0.78	1.08
Dividend Per Share	0.500	0.500	0.650	0.769	0.385	0.538
Dividend Growth	-23.08%	-23.08%	-15.50%	100.00%	-28.58%	40.02%
Gross Margin	30.15%	30.54%	31.44%	30.26%	26.36%	26.79%
Operating Margin	3.75%	4.48%	9.19%	10.59%	7.29%	9.17%
Profit Margin	10.89%	9.58%	12.02%	10.93%	8.19%	9.05%
Free Cash Flow Margin	3.15%	4.00%	1.07%	13.73%	6.79%	7.52%
EBITDA	113.6	124.14	203.83	256.39	204.07	292.8
EBITDA Margin	7.01%	7.89%	12.76%	13.82%	10.18%	11.21%
D&A For EBITDA	52.76	53.61	57.01	59.96	57.93	53.3
EBIT	60.83	70.52	146.82	196.44	146.14	239.5
EBIT Margin	3.75%	4.48%	9.19%	10.59%	7.29%	9.17%
Effective Tax Rate	11.97%	18.67%	8.66%	11.67%	8.17%	12.62%
Revenue as Reported	1,620	1,573	1,597	1,855	2,005	2,613
Advertising Expenses	-	140.82	115.31	130.36	133.74	180.52

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