SHA:603601 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	1,227	1,251	1,441	1,630	1,590	1,596
Other Revenue	23.75	23.75	34.86	25.75	28.09	29.45
Revenue	1,251	1,275	1,476	1,656	1,618	1,625
Revenue Growth (YoY)	-14.33%	-13.63%	-10.87%	2.30%	-0.44%	-13.73%
Cost of Revenue	1,028	1,027	1,152	1,298	1,201	1,123
Gross Profit	222.68	247.78	323.5	357.59	417.15	502.77
Selling, General & Admin	140.51	140.78	131.9	166.22	174.26	150.87
Research & Development	68.13	76.95	88.81	91.44	107.14	89.51
Other Operating Expenses	1.21	-0.15	-4.52	8.74	-22.69	4.74
Operating Expenses	206.06	212.67	227.4	285.19	255.91	254.62
Operating Income	16.61	35.12	96.1	72.4	161.25	248.15
Interest Expense	-19.59	-25.61	-22.61	-29.15	-12.34	-9.9
Interest & Investment Income	4.88	9.22	29.26	6.51	16.32	11.8
Currency Exchange Gain (Loss)	4.66	4.66	4	4.15	7.14	-4.46
Other Non Operating Income (Expenses)	-1.62	3.57	-0.95	-5.75	-0.72	-1.93
EBT Excluding Unusual Items	4.94	26.97	105.8	48.15	171.65	243.67
Impairment of Goodwill	-	-	-	-2.56	-17.52	-
Gain (Loss) on Sale of Investments	-1.01	1.08	-0.16	0.08	-0.47	-0.04
Gain (Loss) on Sale of Assets	-0.85	-0.88	0.12	-0.67	0.01	-0.19
Asset Writedown	-	-	-2.23	-9.15	-	-1.25
Legal Settlements	0	0	-3.32	-	-	-
Other Unusual Items	33.52	34.11	28.01	20.15	1.45	29.41
Pretax Income	36.71	61.4	128.22	56	155.12	271.61
Income Tax Expense	-2.59	1.4	23.4	9.5	0.42	18.97
Earnings From Continuing Operations	39.3	60	104.82	46.5	154.69	252.64
Minority Interest in Earnings	-2.44	-3.88	-14.06	-8.37	-3.62	-1.83
Net Income	36.87	56.12	90.75	38.13	151.07	250.81
Net Income to Common	36.87	56.12	90.75	38.13	151.07	250.81
Net Income Growth	-59.91%	-38.16%	137.99%	-74.76%	-39.77%	-30.27%
Shares Outstanding (Basic)	1,064	1,024	1,022	1,020	1,018	1,011
Shares Outstanding (Diluted)	1,064	1,024	1,656	1,020	1,018	1,016
Shares Change (YoY)	-35.78%	-38.16%	62.42%	0.16%	0.21%	0.29%
EPS (Basic)	0.03	0.05	0.09	0.04	0.15	0.25
EPS (Diluted)	0.03	0.05	0.05	0.04	0.15	0.25
EPS Growth	-37.57%	-	46.52%	-74.80%	-39.90%	-30.47%
Free Cash Flow	239.39	254.05	129.01	-57.92	167.7	-10.07
Free Cash Flow Per Share	0.23	0.25	0.08	-0.06	0.17	-0.01
Dividend Per Share	0.030	0.030	0.070	0.030	0.045	0.075
Dividend Growth	-57.14%	-57.14%	133.33%	-33.33%	-40.00%	-47.52%
Gross Margin	17.80%	19.44%	21.92%	21.60%	25.78%	30.93%
Operating Margin	1.33%	2.76%	6.51%	4.37%	9.96%	15.27%
Profit Margin	2.95%	4.40%	6.15%	2.30%	9.34%	15.43%
Free Cash Flow Margin	19.14%	19.93%	8.74%	-3.50%	10.36%	-0.62%
EBITDA	142.74	161.14	221.68	205.43	279.11	345.06
EBITDA Margin	11.41%	12.64%	15.02%	12.41%	17.25%	21.23%
D&A For EBITDA	126.13	126.02	125.58	133.03	117.86	96.91
EBIT	16.61	35.12	96.1	72.4	161.25	248.15
EBIT Margin	1.33%	2.76%	6.51%	4.37%	9.96%	15.27%
Effective Tax Rate	-	2.29%	18.25%	16.97%	0.27%	6.98%
Revenue as Reported	1,251	1,275	1,476	1,656	1,618	1,625
Advertising Expenses	-	-	-	-	4.16	0.6

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