SHA:603590 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	915.12	824.43	917.75	851.05	693.03
Other Revenue	-	0.97	2.26	15.68	116.76
Revenue	915.12	825.4	920.01	866.73	809.78
Revenue Growth (YoY)	10.87%	-10.28%	6.15%	7.03%	0.14%
Cost of Revenue	92.25	86.26	101.05	126.65	105.76
Gross Profit	822.87	739.14	818.96	740.07	704.02
Selling, General & Admin	567.52	553.76	583.28	525.88	479.34
Research & Development	51.86	54.94	94.91	86.78	102.27
Other Operating Expenses	4.91	6.75	5.64	6.04	8.69
Operating Expenses	624.29	620.37	689.42	620.56	591.51
Operating Income	198.58	118.77	129.54	119.51	112.51
Interest Expense	-	-6.16	-2.78	-0.86	-1.41
Interest & Investment Income	17.7	30.98	19.33	18.52	24.57
Currency Exchange Gain (Loss)	-	-1.29	0.5	0.26	0.31
Other Non Operating Income (Expenses)	-30.32	-1.56	-1.7	-0.36	1.58
EBT Excluding Unusual Items	185.96	140.74	144.9	137.06	137.57
Impairment of Goodwill	-	-97.64	-	-	-
Gain (Loss) on Sale of Investments	4.18	-0.49	-12.78	-7.65	35.64
Gain (Loss) on Sale of Assets	-0.45	-0.03	-0.13	-0.01	0
Asset Writedown	-	-7.77	-	-4.06	-
Other Unusual Items	-	4.05	-9.26	14.98	15.64
Pretax Income	189.69	38.86	122.73	140.32	188.86
Income Tax Expense	20.26	17.33	-64.84	16.42	21.42
Earnings From Continuing Operations	169.42	21.53	187.57	123.89	167.44
Minority Interest in Earnings	-3.46	20.69	-37.12	-22.4	-19.46
Net Income	165.97	42.22	150.45	101.49	147.99
Net Income to Common	165.97	42.22	150.45	101.49	147.99
Net Income Growth	293.13%	-71.94%	48.24%	-31.42%	-19.29%
Shares Outstanding (Basic)	158	156	157	156	157
Shares Outstanding (Diluted)	160	156	157	156	157
Shares Change (YoY)	2.06%	-0.23%	0.37%	-0.82%	-1.26%
EPS (Basic)	1.05	0.27	0.96	0.65	0.94
EPS (Diluted)	1.04	0.27	0.96	0.65	0.94
EPS Growth	285.19%	-71.88%	47.69%	-30.85%	-18.26%
Free Cash Flow	62.23	68.22	98.44	23.38	-108.43
Free Cash Flow Per Share	0.39	0.44	0.63	0.15	-0.69
Dividend Per Share	-	0.600	0.300	0.200	0.300
Dividend Growth	-	100.00%	50.00%	-33.33%	-14.29%
Gross Margin	89.92%	89.55%	89.02%	85.39%	86.94%
Operating Margin	21.70%	14.39%	14.08%	13.79%	13.89%
Profit Margin	18.14%	5.12%	16.35%	11.71%	18.27%
Free Cash Flow Margin	6.80%	8.27%	10.70%	2.70%	-13.39%
EBITDA	231.97	146.73	165.35	151.54	144.29
EBITDA Margin	25.35%	17.78%	17.97%	17.48%	17.82%
D&A For EBITDA	33.38	27.96	35.8	32.03	31.78
EBIT	198.58	118.77	129.54	119.51	112.51
EBIT Margin	21.70%	14.39%	14.08%	13.79%	13.89%
Effective Tax Rate	10.68%	44.60%	-	11.70%	11.34%
Revenue as Reported	-	825.4	920.01	866.73	809.78
Advertising Expenses	-	-	-	32.55	350.29

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