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	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	916.35	914.24	824.43	917.75	851.05	693.03
Other Revenue	0.71	0.88	0.97	2.26	15.68	116.76
Revenue	917.05	915.12	825.4	920.01	866.73	809.78
Revenue Growth	4.06%	10.87%	-10.28%	6.15%	7.03%	0.14%
Cost of Revenue	94.17	92.25	86.26	101.05	126.65	105.76
Gross Profit	822.88	822.87	739.14	818.96	740.07	704.02
Selling, General & Admin	554.12	567.52	553.76	583.28	525.88	479.34
Research & Development	71.37	51.86	54.94	94.91	86.78	102.27
Other Operating Expenses	11.41	9.04	6.75	5.64	6.04	8.69
Operating Expenses	637.37	639.7	620.37	689.42	620.56	591.51
Operating Income	185.52	183.17	118.77	129.54	119.51	112.51
Interest Expense	-8.8	-7.53	-6.16	-2.78	-0.86	-1.41
Interest & Investment Income	25.14	26.68	30.98	19.33	18.52	24.57
Currency Exchange Gain (Loss)	-3.5	-3.84	-1.29	0.5	0.26	0.31
Other Non Operating Income (Expenses)	0.55	-3.31	-1.56	-1.7	-0.36	1.58
EBT Excluding Unusual Items	198.9	195.16	140.74	144.9	137.06	137.57
Impairment of Goodwill	-	-	-97.64	-	-	-
Gain (Loss) on Sale of Investments	6.42	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	-3.8	-9.11	4.05	-9.26	14.98	15.64
Pretax Income	200.86	189.69	38.86	122.73	140.32	188.86
Income Tax Expense	27.2	20.26	17.33	-64.84	16.42	21.42
Earnings From Continuing Operations	173.65	169.42	21.53	187.57	123.89	167.44
Minority Interest in Earnings	-3.01	-3.46	20.69	-37.12	-22.4	-19.46
Net Income	170.64	165.97	42.22	150.45	101.49	147.99
Net Income to Common	170.64	165.97	42.22	150.45	101.49	147.99
Net Income Growth	215.66%	293.13%	-71.94%	48.24%	-31.42%	-19.29%
Shares Outstanding (Basic)	158	158	156	157	156	157
Shares Outstanding (Diluted)	160	160	156	157	156	157
Shares Change	2.51%	2.06%	-0.23%	0.37%	-0.82%	-1.26%
EPS (Basic)	1.08	1.05	0.27	0.96	0.65	0.94
EPS (Diluted)	1.07	1.04	0.27	0.96	0.65	0.94
EPS Growth	207.91%	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	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	79.93	62.23	68.22	98.44	23.38	-108.43
Free Cash Flow Per Share	0.50	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	89.73%	89.92%	89.55%	89.02%	85.39%	86.94%
Operating Margin	20.23%	20.02%	14.39%	14.08%	13.79%	13.89%
Profit Margin	18.61%	18.14%	5.12%	16.35%	11.71%	18.27%
Free Cash Flow Margin	8.72%	6.80%	8.27%	10.70%	2.70%	-13.39%
EBITDA	217.27	212.67	150.01	165.35	151.54	144.29
EBITDA Margin	23.69%	23.24%	18.17%	17.97%	17.48%	17.82%
D&A For EBITDA	31.76	29.5	31.24	35.8	32.03	31.78
EBIT	185.52	183.17	118.77	129.54	119.51	112.51
EBIT Margin	20.23%	20.02%	14.39%	14.08%	13.79%	13.89%
Effective Tax Rate	13.54%	10.68%	44.60%	-	11.70%	11.34%
Revenue as Reported	917.05	915.12	825.4	920.01	866.73	809.78
Advertising Expenses	-	-	-	-	32.55	350.29