SHA:603610 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	3,017	2,936	2,858	2,996	2,545	2,882
Other Revenue	94.23	94.23	99.66	106.61	118.46	85.21
Revenue	3,111	3,030	2,958	3,103	2,663	2,967
Revenue Growth (YoY)	4.10%	2.42%	-4.66%	16.50%	-10.23%	31.28%
Cost of Revenue	2,105	2,037	1,937	1,982	1,835	1,919
Gross Profit	1,007	992.53	1,021	1,120	828.4	1,048
Selling, General & Admin	608.83	578.81	581.84	695.43	633.77	490.55
Research & Development	172.26	160.87	164	147.86	159.56	141.47
Other Operating Expenses	13.03	11.43	-7.73	9.43	14.35	12.74
Operating Expenses	826.99	807.98	808.18	858.84	785.08	653.2
Operating Income	179.6	184.54	213.12	261.46	43.31	394.34
Interest Expense	-28.96	-27.03	-34.01	-41.77	-29.52	-14.4
Interest & Investment Income	9.74	10.04	30.04	46.82	30.84	32.18
Currency Exchange Gain (Loss)	4.55	4.55	66.61	29.43	123.86	-30.87
Other Non Operating Income (Expenses)	-28.72	-4.09	-27.91	-0.87	-4.73	-4.52
EBT Excluding Unusual Items	136.21	168.02	247.86	295.06	163.76	376.73
Impairment of Goodwill	-3.66	-3.66	-	-	-	-2.79
Gain (Loss) on Sale of Investments	-27.77	-42.37	-72.29	-79.55	-147.09	14.52
Gain (Loss) on Sale of Assets	-5.8	-5.71	7.39	-1.36	2.35	-0.98
Asset Writedown	0.58	-0.52	-0.13	-0.55	-0.13	-0.19
Other Unusual Items	16.5	26.52	0.07	18.62	19.85	19.25
Pretax Income	116.06	142.28	182.9	232.22	38.74	406.53
Income Tax Expense	26.16	39.67	28.14	28.24	12.79	52.31
Earnings From Continuing Operations	89.91	102.62	154.76	203.98	25.95	354.21
Minority Interest in Earnings	4.27	2.32	1.28	1.69	2.41	2.9
Net Income	94.18	104.94	156.04	205.67	28.36	357.12
Net Income to Common	94.18	104.94	156.04	205.67	28.36	357.12
Net Income Growth	-39.47%	-32.75%	-24.13%	625.17%	-92.06%	30.61%
Shares Outstanding (Basic)	361	362	355	355	355	357
Shares Outstanding (Diluted)	361	362	355	355	355	357
Shares Change (YoY)	1.94%	2.04%	0.01%	0.02%	-0.73%	-0.01%
EPS (Basic)	0.26	0.29	0.44	0.58	0.08	1.00
EPS (Diluted)	0.26	0.29	0.44	0.58	0.08	1.00
EPS Growth	-40.62%	-34.09%	-24.14%	625.00%	-92.00%	30.62%
Free Cash Flow	122.3	-25.73	-140.31	1.06	298.36	-77.16
Free Cash Flow Per Share	0.34	-0.07	-0.40	0.00	0.84	-0.22
Dividend Per Share	0.140	0.140	0.100	1.000	-	0.313
Dividend Growth	40.00%	40.00%	-90.00%	-	-	8.02%
Gross Margin	32.35%	32.76%	34.53%	36.11%	31.10%	35.31%
Operating Margin	5.77%	6.09%	7.21%	8.43%	1.63%	13.29%
Profit Margin	3.03%	3.46%	5.27%	6.63%	1.06%	12.04%
Free Cash Flow Margin	3.93%	-0.85%	-4.74%	0.03%	11.20%	-2.60%
EBITDA	290.7	292.41	308.06	344.79	117.3	458.76
EBITDA Margin	9.34%	9.65%	10.41%	11.11%	4.40%	15.46%
D&A For EBITDA	111.1	107.87	94.93	83.32	73.99	64.43
EBIT	179.6	184.54	213.12	261.46	43.31	394.34
EBIT Margin	5.77%	6.09%	7.21%	8.43%	1.63%	13.29%
Effective Tax Rate	22.54%	27.88%	15.39%	12.16%	33.01%	12.87%
Revenue as Reported	3,111	3,030	2,958	3,103	2,663	2,967
Advertising Expenses	-	57.59	84.89	127.74	165.82	-

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