SHA:603590 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	Sep '26 Sep 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	862.24	914.24	824.43	917.75	851.05	693.03
Other Revenue	0.88	0.88	0.97	2.26	15.68	116.76
Revenue	863.12	915.12	825.4	920.01	866.73	809.78
Revenue Growth	-0.94%	10.87%	-10.28%	6.15%	7.03%	0.14%
Cost of Revenue	90.02	92.25	86.26	101.05	126.65	105.76
Gross Profit	773.1	822.87	739.14	818.96	740.07	704.02
Selling, General & Admin	527.94	567.52	553.76	583.28	525.88	479.34
Research & Development	84.35	51.86	54.94	94.91	86.78	102.27
Other Operating Expenses	10.58	9.04	6.75	5.64	6.04	8.69
Operating Expenses	623.54	639.7	620.37	689.42	620.56	591.51
Operating Income	149.56	183.17	118.77	129.54	119.51	112.51
Interest Expense	-2.13	-7.53	-6.16	-2.78	-0.86	-1.41
Interest & Investment Income	23.13	26.68	30.98	19.33	18.52	24.57
Currency Exchange Gain (Loss)	-3.84	-3.84	-1.29	0.5	0.26	0.31
Other Non Operating Income (Expenses)	2.86	-3.31	-1.56	-1.7	-0.36	1.58
EBT Excluding Unusual Items	169.58	195.16	140.74	144.9	137.06	137.57
Impairment of Goodwill	-	-	-97.64	-	-	-
Gain (Loss) on Sale of Investments	6.76	4.18	-0.49	-12.78	-7.65	35.64
Gain (Loss) on Sale of Assets	-0.65	-0.52	-0.03	-0.13	-0.01	0
Asset Writedown	-0.02	-0.02	-7.77	-	-4.06	-
Other Unusual Items	-10.19	-9.11	4.05	-9.26	14.98	15.64
Pretax Income	165.48	189.69	38.86	122.73	140.32	188.86
Income Tax Expense	26.17	20.26	17.33	-64.84	16.42	21.42
Earnings From Continuing Operations	139.31	169.42	21.53	187.57	123.89	167.44
Minority Interest in Earnings	-1.43	-3.46	20.69	-37.12	-22.4	-19.46
Net Income	137.89	165.97	42.22	150.45	101.49	147.99
Net Income to Common	137.89	165.97	42.22	150.45	101.49	147.99
Net Income Growth	141.39%	293.13%	-71.94%	48.24%	-31.42%	-19.29%
Shares Outstanding (Basic)	157	158	156	157	156	157
Shares Outstanding (Diluted)	160	160	156	157	156	157
Shares Change	1.85%	2.06%	-0.23%	0.37%	-0.82%	-1.26%
EPS (Basic)	0.88	1.05	0.27	0.96	0.65	0.94
EPS (Diluted)	0.86	1.04	0.27	0.96	0.65	0.94
EPS Growth	137.01%	285.19%	-71.88%	47.69%	-30.85%	-18.26%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	-1.61	62.23	68.22	98.44	23.38	-108.43
Free Cash Flow Per Share	-0.01	0.39	0.44	0.63	0.15	-0.69
Dividend Per Share	0.350	0.350	0.600	0.300	0.200	0.300
Dividend Growth	-41.67%	-41.67%	100.00%	50.00%	-33.33%	-14.29%
Gross Margin	89.57%	89.92%	89.55%	89.02%	85.39%	86.94%
Operating Margin	17.33%	20.02%	14.39%	14.08%	13.79%	13.89%
Profit Margin	15.97%	18.14%	5.12%	16.35%	11.71%	18.27%
Free Cash Flow Margin	-0.19%	6.80%	8.27%	10.70%	2.70%	-13.39%
EBITDA	177.75	212.67	150.01	165.35	151.54	144.29
EBITDA Margin	20.59%	23.24%	18.17%	17.97%	17.48%	17.82%
D&A For EBITDA	28.19	29.5	31.24	35.8	32.03	31.78
EBIT	149.56	183.17	118.77	129.54	119.51	112.51
EBIT Margin	17.33%	20.02%	14.39%	14.08%	13.79%	13.89%
Effective Tax Rate	15.81%	10.68%	44.60%	-	11.70%	11.34%
Revenue as Reported	222.9	915.12	825.4	920.01	866.73	809.78
Advertising Expenses	-	-	-	-	32.55	350.29