SHA:603580 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	433.03	316.45	165.88	153.86	176.52	252.48
Other Revenue	13.34	13.34	1.65	0.76	-	-
Revenue	446.37	329.79	167.53	154.62	176.52	252.48
Revenue Growth	144.25%	96.85%	8.35%	-12.41%	-30.09%	30.04%
Cost of Revenue	344.62	244.16	115.38	104.07	125.12	161.4
Gross Profit	101.75	85.64	52.16	50.55	51.4	91.08
Selling, General & Admin	57.33	51.79	42.24	43.27	39.49	39.24
Research & Development	16.54	13.48	10.67	10	10.47	13.06
Other Operating Expenses	3.2	3.67	1.94	1.68	2.03	2.38
Operating Expenses	79.3	71.18	48.79	53.62	56.39	56.55
Operating Income	22.45	14.46	3.36	-3.07	-4.99	34.53
Interest Expense	-3.41	-3.41	-0.78	-0.69	-0.89	-0.32
Interest & Investment Income	0.64	0.64	0.2	0.21	0.35	4.56
Currency Exchange Gain (Loss)	4.25	4.25	-0.73	4.21	3.79	-3.31
Other Non Operating Income (Expenses)	-12.03	-0.46	-0.36	-0.17	-0.16	-0.2
EBT Excluding Unusual Items	11.9	15.49	1.7	0.49	-1.89	35.26
Impairment of Goodwill	-12.24	-12.24	-	-	-	-
Gain (Loss) on Sale of Investments	51.2	51.2	-9.76	-	-2.8	-
Gain (Loss) on Sale of Assets	-0.13	-0.14	1.12	0.36	0.03	-
Asset Writedown	-5.72	-5.72	-10.1	-0	-0.01	-0.07
Legal Settlements	-1.02	-1.02	-	-	-	-
Other Unusual Items	1.89	1.89	2	0.38	1.17	2.06
Pretax Income	45.87	49.45	-15.04	1.22	-3.5	37.25
Income Tax Expense	8.28	9.53	-4.69	-0.09	0.02	3.78
Earnings From Continuing Operations	37.59	39.93	-10.34	1.31	-3.51	33.47
Minority Interest in Earnings	2.76	3.91	1.5	1.02	0.71	0.61
Net Income	40.34	43.84	-8.85	2.34	-2.8	34.07
Net Income to Common	40.34	43.84	-8.85	2.34	-2.8	34.07
Net Income Growth	-	-	-	-	-	11.48%
Shares Outstanding (Basic)	131	131	131	131	131	131
Shares Outstanding (Diluted)	131	131	131	131	131	131
Shares Change	0.02%	0.00%	0.11%	-0.32%	0.22%	-0.02%
EPS (Basic)	0.31	0.34	-0.07	0.02	-0.02	0.26
EPS (Diluted)	0.31	0.34	-0.07	0.02	-0.02	0.26
EPS Growth	-	-	-	-	-	11.50%

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	-61.63	-71.43	13.08	-9.55	-27.91	-54.96
Free Cash Flow Per Share	-0.47	-0.55	0.10	-0.07	-0.21	-0.42
Dividend Per Share	0.082	0.082	0.082	0.082	-	0.164
Dividend Growth	0%	0%	0%	-	-	100.00%
Gross Margin	22.79%	25.97%	31.13%	32.69%	29.12%	36.07%
Operating Margin	5.03%	4.38%	2.01%	-1.99%	-2.83%	13.68%
Profit Margin	9.04%	13.29%	-5.28%	1.51%	-1.59%	13.49%
Free Cash Flow Margin	-13.81%	-21.66%	7.80%	-6.18%	-15.81%	-21.77%
EBITDA	48.01	38.03	24.55	19.85	12.32	48.12
EBITDA Margin	10.76%	11.53%	14.65%	12.84%	6.98%	19.06%
D&A For EBITDA	25.57	23.57	21.19	22.92	17.31	13.59
EBIT	22.45	14.46	3.36	-3.07	-4.99	34.53
EBIT Margin	5.03%	4.38%	2.01%	-1.98%	-2.83%	13.68%
Effective Tax Rate	18.06%	19.26%	-	-	-	10.16%
Revenue as Reported	329.79	329.79	167.53	154.62	176.52	252.48
Advertising Expenses	-	0.54	0.55	0.71	0.64	1.54